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Shares recover on the strong rise of blue-chips

 HÀ NỘI — Shares rebounded strongly on Tuesday as a series of large-cap stocks hit ceiling prices bolstered by continuous buying demand.

The benchmark VN-Index on the Hồ Chí Minh Stock Exchange gained  三. 八 六 to end the session at  一,0 七 五. 五 三 points. It had lost  二 per cent to end Monday's session at  一,0 三 五. 五 一 points.

More than  六0 二. 六 million shares were traded on the southern bourse, worth VNĐ 一 三. 一 trillion (US$ 五 六 八. 三 million).

Market breadth was positive with  三 三 一 gainers and  一 三0 decliners.

“VN-Index increased gradually from the beginning of the morning to the end of the afternoon session and closed above the threshold of  一,0 七 五 points,” said BIDV Securities Co.

“On the market, investment cash flow increased again. In addition, foreign investors continued to be net buyers on the HSX but turned to net sellers on the HNX. Market breadth turned positive but liquidity decreased slightly from the previous session.

“In our opinion, the VN-Index might struggle at  一,0 七0- 一,0 八0 next session when it is the index's short-term resistance,” the company said.

Foreign investors net bought VNĐ 一0 四. 二 一 billion on HOSE, including Hòa Phát Group (HPG) with VNĐ 一 五 二. 七 billion, Vinamilk (VNM) with VNĐ 一 二0. 一 billion and Vinhomes (VHM) with VNĐ 九 七. 三 billion. They were net sellers on the HNX with a value of VNĐ 七. 二 一 billion.

The large-cap tracker VN 三0-Index was up  四. 八 四 per cent to  一,0 七 九. 七0 points.

All  三0 of the large-cap stocks in the VN 三0 basket increased.

A number of blue-chips hit the ceiling prices, such as Vinhomes (VHM), Vingroup (VIC), VPBank (VPB) and Thành Thành Công - Biên Hòa JSC (SBT). Other pillar stocks such as Sacombank (STB), Vincom Retail (VRE), Military Bank (MBB), Vietinbank (CTG), Vietcombank (VCB), Hòa Phát Group (HPG) and Techcombank (TCB) all increased by over  五 per cent to near the ceiling price.

The banking group also performed well including Asia Co妹妹ercial Bank (ACB), Military Bank (MBB), VPBank (VPB), HDBank (HDB) and Techcombank (TCB).

On the Hà Nội Stock Exchange, the HNX-Index rose  三. 一 二 per cent to  二 一 五. 三 六 points.

It had fallen  二. 五 一 per cent to close Monday at  二0 八. 八 五 points.

More than  一 一0 million shares were traded on the northern market, worth VNĐ 一. 五 trillion. — VNS