Stock indices climb but liquidity falls
Stock indices climb but liquidity falls
Both stock indices rose this morning, propped up by blue chips, but liquidity continued to decline as investors were concerned over a technical correction.
On the HCM Stock Exchange, the VN-Index regained 0.12 per cent to close the morning at 605.34 points.
The VN30, which tracks the 30 shares with the highest market value and liquidity, increased a further 0.21 per cent to stand at 646.90 points.
The biggest gainers were banks, insurance and securities companies such as Bao Viet Holdings (BVH), Vietcombank (VCB), Vietinbank (CTG), Eximbank (EIB), Military Bank (MBB), Saigon Securities Inc (SSI) and HCM Securities Co (HCM).
Investors reduced buying on the exchange, pushing down the trading value by 25 per cent compared with yesterday morning's value, reaching VND885.5 billion (US$42 million).
On the Ha Noi bourse, the HNX-Index added 0.39 per cent to end at 82.99 points.
Liquidity was modest, with the market volume being more than 23 million shares worth VND316.4 billion ($15 million).
Realty shares dominated both markets in term of volume. FLC Group (FLC) led the HCM City market on the exchange of 5.6 million shares, and PetroVietnam Construction Corporation (PVX) led the Ha Noi exchange with 2.9 million shares being traded.
Trading will resume at 1pm.
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