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Vietnam stocks snap losing string in morning session on bargain hunting

Vietnamese stocks Vietnam stocks snap losing string in morning session on bargain huntingthe morning session in green as bargain hunters came back after recent correction and on expectation that the country CPI continues to ease further in April, liquidity stayed high.

The benchmark VN Index added 1.48 points or 0.31% to 468.56. Volume stood at 82.3 million shares worth of VND1.38 trillion. Put-through trading contributed 21.3 million shares worth VND521.85 billion.

We saw another 20 million STB shares changed hands at the price of VN25,000 each, versus the market current price of VND25,600 each.

In just 4 days, more than 80 million STB (8%) shares have been changed hands at prices from VND25,000 each or higher.

The market breadth was negative on the primary bourse where 106 stocks advanced, 132 tumbled, 72 closed unchanged.

The VN30 Index added 3.85 points, or 0.72%, to 537.53.

The market opened in the red as selling momentum extended, however, solid buying supported by low local CPI, pared the loss and boosted the market up at the morning close. Liquidity stayed high.

SAM with 4 million shares, , KSS with 2.4 million shares, SSI with 2.3 million shares, REE with 1.7 million shares; MBB with 1.7 million shares were most active players today.

On the Hanoi Stock Exchange, the HNX index gained 0.2 point or 0.25% to 77.7. Trading volume eased to 43 million shares worth VND448.9 billion.

The market breadth was positive on the northern exchange. Among index members, 101 rallied, 97 tumbled, 96 closed unmoved, and the rest were untraded.

HBB with 4.5 million share, VND and PVX with 3.7 million shares each were top active players.

Source StoxPlus

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