HCM City shares rebound, but liquidity falls

Jan 20th at 14:23
20-01-2015 14:23:25+07:00

HCM City shares rebound, but liquidity falls

Stocks rebounded this morning on the HCM Stock Exchange, but liquidity continued to decline because of rising investor caution.

The VN-Index recouped 0.53 per cent to close the morning's session at 574.52 points.

The investor caution showed in the fairly neutral market condition, with 98 stocks rising, 85 declining and 125 staying flat.

Blue chips were mixed, with the VN30, which tracks the top 30 shares by market value and liquidity, rising just 0.28 per cent to end at 613.34 points.

The market value was low at just about VND620 billion (US$29 million), while the trading volume was 40 million shares.

FLC Group (FLC) remained the most active code, but the trading was half of yesterday's level at 3.3 million shares, climbing 0.93 per cent to stand at VND10,900 per share.

In contrast, the HNX-Index on the Ha Noi Stock Exchange lost another 0.14 per cent to finish at 85.14 points, on sluggish trading of 21 million shares worth VND278 billion ($13 million).

KLF Joint Venture Global Investment Co (KLF) was leading the trading here, with 5.7 million of its shares being traded, but the price slumped 0.87 per cent to finish at VND11,400 per share.

The afternoon session will start at 1pm.

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