Stocks make U-turn as investors become calmer

After the free-fall in a previous trading session, the Vietnam’s stock market showed signs of recovery as investors no longer dumped shares while large-cap stocks, especially oil and gas stocks, strongly rebounded on December 18.

Ending the entire trading session on the Ho Chi Minh City Stock Exchange, the Vietnam’s benchmark VN-Index gained 10.23 points, or 1.97 percent, to close at 528.45 points. Among the index members, 189 stocks advanced; 50 declined; and 45 were unchanged.

The VN30-Index, a gauge of top 30 stocks by market value and liquidity, recovered 9.17 points, or 1.61 percent, to 578.88 points with 25 winners, 3 losers, and 2 stocks standing still.

On the Hanoi Stock Exchange, the HNX-Index also recouped 2.09 points, or 2.59 percent, to finish at 82.7 points. There were 157 stocks mounting, 52 sinking, and 45 unchanged.

The HNX30-Index surged 2.09 points, or 2.9 percent, to 161.65 points with 24 gainers, 3 losers, and 3 stocks stalling.

Total trading value in the market was roughly VND2.8 trillion.

By Nhung Nguyen – Translated by Thuy Doan

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