VN-Index on Nov. 5 rebounded 3.35 percent

Hanoi (VNA) – The VN-Index on Nov. 5 rebounded 3.35 percent to close at 555.54
points, a significant increase of about 18 points, as stocks rallied on the HCM
Stock Exchange.

The day witnessed 176 gainers, the majority of which hit ceiling prices. There were
only seven losers.

Trading volume reached 55.3 million shares on a turnover of 2.5 trillion VND (135.1
million USD). Banking shares continued to show the heaviest activity on the southern
market, as Eximbank (EIB) and Sacombank (STB) generated orders for a combined 5.7
million shares, representing 11 percent of the total volume.

Shares in food producer Masan Group (MSN) hit the ceiling of the 20-percent
regulated trading band at their debut on the HCM City market on Nov. 5, closing at
43,200 VND (2.34 USD) per share.

On the Hanoi Stock Exchange, the HNX-Index closed up 2.85 percent at 190.27 points,
on a trading volume of 32.2 million shares and a revenue of 1.3 trillion VND (70.3
million USD). Advancers outnumbered decliners by 203 to 26, with major shares
reaching remarkable highs.

Sai Gon-Hanoi Bank (SHB) led the northern market with about 2.9 million shares
changing hands, followed by Vinaconex Group (VCG) with 2.5 million.

Vietcombank Securities Co analysts said share prices had become attractive, with
many on both bourses by Nov. 4 seeing their value fall by more than 20 percent
from their nearest peaks. This helped improve buys from Nov. 4’s trading session.

“We don’t expect the market to strongly rebound after such moves ... but we
suppose that the market is very near its short-term rock bottom, and investors can
consider opportunities in good shares,” they said in a report.

In HCM City , foreign investors continued as net sellers of 481,000 shares,
worth a net of 58.6 billion VND (3.2 million USD). In Hanoi , foreigners finished
the day as net buyers of 245,800 shares, with a net value of 13.9 billion VND
(751,300 USD).-Enditem