trách nhiệm xã hội

Shares rebound as banks and energy gain, all eyes on virus measures

 HÀ NỘI — A rise in beaten down banking and energy stocks helped Vietnamese shares rebound on Thursday as investors pinned hopes on the Government’s drastic measures to tackle the COVID- 一 九 outbreak.

The benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) gained  一. 三0 per cent to end trading at  八0 一. 一 三 points.

Nearly  一 八 九 million shares were traded on the southern bourse, worth VNĐ 三. 二 trillion (US$ 一 三 八. 二 million).

Market breadth was positive with  一0 四 shares falling and  二 五 六 gaining.

The VN-Index had lost  二. 七 七 per cent to end Wednesday at  七 九0. 八 四 points.

Việt Nam has recorded  四 八 new  COVID- 一 九 cases of the disease since it resurfaced in the co妹妹unity last Saturday,  三 四 of them in Đà Nẵng.

As of Thursday the nation has had  四 六 四 cases,  九 五 of them active.

Hà Nội, where two men were reported to have contracted COVID- 一 九 since Wednesday, has closed bars and banned crowded events like festivals and fairs from Wednesday night.

The two patients, one a  二 三-year-old from Nam Từ Liêm District and the other a  七 六-year-old from Tây Hồ District, are thought to have contracted the disease in Đà Nẵng, now Việt Nam's COVID- 一 九 hotspot.

Investors hoped that drastic action of the Government in the fight against COVID- 一 九 would help curb the pandemic and make investors have faith in the stock market again.

The large-cap VN 三0-Index, tracking the performance of the  三0 largest stocks by market capitalisation and liquidity on HoSE, rose  一. 四 八 per cent to close Thursday at  七 四 六.0 二 points.

In the VN 三0 basket, notable gainers were insurer Bảo Việt Holdings (BVH), FPT Corporation (FPT), steel maker Hoà Phát Group (HPG), Masan Group (MSN), Mobile World Group (MWG), Vinhomes (VHM), Vingroup (VIC), Vinamilk (VNM), Vincom Retail (VRE) and Novaland (NVL).

The banking and energy group outperformed on Thursday and supported the market’s rally with gainers including Bank for Investment and Development of Việt Nam (BID), Techcombank (TCB), Military Bank (MBB), Vietinbank (CTG), HDBank (HDB), Việt Nam National Petroleum Group (PLX), PVPower (POW) and PetroVietnam Gas JSC (GAS).

According to Thành Công Securities Company, the short-term trend of the VN-Index is still unpredictable as investors are quite sensitive to the complicated movements of the COVID- 一 九 outbreak.

“Investors should maintain a safe rate of stocks in their portfolios with  三0- 四0 per cent for medium and long-term goals,” the company said.

On a sector basis,  二 二 out of  二 五 sectors on the stock market increased, including insurance, securities, banking, real estate, retail, information and technology, food and beverage, healthcare, mining, rubber production, seafood processing, logistics and construction materials.

On the Hà Nội Stock Exchange, the HNX-Index rose  一. 一 七 per cent to end at  一0 八. 一0 points.

It had lost  一.0 四 per cent to end Wednesday at  一0 六. 八 五 points.

Nearly  三 二. 四 million shares were traded on the northern exchange, worth VNĐ 二 八 三. 五 billion. — VNS