VN-Index rebounds on bank stocks recovery

February 15, 2022 | 17:16

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The market was mixed on Tuesday morning, as bank stocks reclaimed some of the losses of the previous session.

The VN-Index on the Ho Chi Minh Stock Exchange (HoSE) reversed yesterday's course, up 9.2 points, or 0.63 per cent, to 1,481.16 points.

However, the market breadth was still negative as more stocks were declining, while liquidity was lower than yesterday morning. Of which, 345.56 million shares were traded on the southern bourse, worth VND11.07 trillion (US$486.7 million).

Meanwhile, foreign investors returned to HoSE after net bought a value of VND160 billion this morning.

The index's reversal was mainly driven by large-cap stocks, especially the recovery of bank stocks. The VN30-Index gained 11.74 points, or 0.78 per cent, to 1,516.81 points.

Of the 30 biggest stocks basket, 20 stocks increased, while eight slid and two were unchanged.

PV Gas (GAS) was the uptrend's leader this morning, up 2.84 per cent, followed by Vingroup (VIC), up 1.96 per cent.

The benchmark was also supported by the rebound of big bank stocks like VPBank (VPB), up 2.71 per cent, BIDV (BID), up 1.68 per cent, Sacombank (STB), up 2.44 per cent, MBBank (MBB), up 1.41 per cent, and Vietinbank (CTG), up 1.01 per cent.

Other stocks contributing to the index's uptrend were Masan Group (MSN), Vinhomes (VHM) and Development Investment Construction JSC (DIG).

On the Ha Noi Stock Exchange (HNX), the HNX-Index fell 0.56 points, or 0.13 per cent, to 420.45 points.

VNS

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