The benchmark VN Index was up 0.86% at 954 at the break while the HNX Index of the Hanoi Stock Exchange gained 0.9% to 108.14.
Movements of the VN Index on Friday morning. Source: Bloomberg
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The rebound was driven by gains of banking stocks such as ACB, BID, CTG, MBB, VCB, VPB, TCB, HDB, property and construction shares. Gains of large-cap tickers such as MWG, VRE, VIC, BHN, PLX, GAS, MWG, PNJ, MSN, BVH also provided support.
Demand also came from foreign players with their net buying reaching VND240 billion (US$10.2 million).
Despite another plunge in Wall Street overnight, the majority of Asian bourses recovered on Friday morning, except the Nikkei 225, China’s Shanghai Index Shenzhen Index.
