Stocks bounce back to key level 1,200 points

The index closed 22.21 points higher after dropping 48.53 points in the previous session.

Trading on the Ho Chi Minh Stock Exchange decreased by 31% to VND16.35 trillion ($651 million).

The VN-30 basket, comprising the 30 largest capped stocks, saw 28 tickers gained.

BCM of Becamex Investment and Industrial Development led with a 5.2% rise, followed by VNM of dairy giant Vinamilk, up 4.8%.

STB of Ho Chi Minh City-based lender Sacombank increased by 4.4% and GVR of Vietnam Rubber Group closed 4.2% higher.

TCB of the largest private lender Techcombank and VIC of private conglomerate Vingroup were the only two blue chips that were unchanged.

Foreign investors were net sellers to the tune of VND731 billion, mainly selling VJC of budget airline Vietjet and FPT of IT giant FPT Corporation.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 1.68%, while the UPCoM-Index for the Unlisted Public Companies Market went up 1.58%.