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Stock indices returned to positive territory on Thursday, following a message from the State Bank of Vietnam that it would revise strict new rules on the capital adequacy ratio of commercial banks.
The State Bank announced on Wednesday that it would revise regulations in the controversial Circular No 13 on commercial bank equity and capital adequacy ratios, in compliance with a Government instruction issued late last month to review the circular.
The VN-Index responded with a gain on the fallowing day of 1.14 percent, closing the session at 463.68 points.
Trading on the Ho Chi Minh Stock Exchange remained modest, with a volume of 47.7 million shares, down 12.8 percent from the previous session.
The value of trades reached just VND1.2 trillion (US$61.5 million).
Vietnam Ocean Shipping Co (VOS), which listed 140 million shares on the HCMC market on Wednesday, was the most-active share, with 2.8 million sold.
Among 184 gainers on the southern market, a number of penny stocks rose to their ceiling prices, including Binh Thanh Import-Export and Trade (GIL), HCMC Metal Corp (HMC) and Nari Hamico Mineral Corp (KSS).
Meanwhile, banking shares underperformed despite the supporting news from the State Bank. Sacombank (STB) and Eximbank (EIB) each rose by about 1.5 percent, while VietinBank (CTG) closed up by 0.5 percent. Vietcombank (VCB) continued to decline, meanwhile, dropping by 0.26 percent.
On the Hanoi Stock Exchange, the HNX-Index rebounded by a more notable 2.75 percent to a close of 136.24 points, on a total volume of 47 million shares.
The value of trades reached VND1.2 trillion ($61.5 million), with PetroVietnam Construction (PVX) leading the session with a volume of 5.3 million shares.
Foreign investors were net buyers on both bourses during the day, picking up a total 1.55 million shares worth VND64.2 billion ($3.3 million).
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