Illustrative image (Photo: VNA)Hanoi (VNA) – Shares rebounded on the last dayof November on the two exchanges after a four-day losing run as low stock valuationsencouraged risk taking and foreign investors started to buy back local sharesafter nine consecutive net selling sessions.
On the Ho Chi Minh Stock Exchange, the VN-Index recoupedover 1 percent to close trding at 656.1 points. The index lost nearly 3.7percent in the last four sessions.
On the Hanoi bourse, the HNX Index added 0.8 percent to endat 80.6 points. It had decreased 1.7 percent in the past four trading days.
Market breadth improved with 249 of the total 691 stocksadvancing while 174 declined.
“Buying force strengthened on speculation that valuationsbecame attractive after the past decline,” stock analysts at FPT Securities Co.wrote.
The recovery of large-cap stocks pulled the market up, as 18of the top 30 largest shares by market capitalisation and liquidity on the HoChi Minh City bourse rose while only eight fell.
Foreign sectors were responsible for a total net buy valueof nearly 347 billion VND, putting a break on the nine-day net selling streakon the southern bourse.
They were also net buyers on the Hanoi market for a value of652 million VND.
Liquidity increased over the previous session with a totalof 194.2 million shares worth 3.6 trillion VND (158.6 million USD) traded inthe two markets, up 16.8 percent in volume and 14.6 percent in value comparedto the previous day./.
