Shares rise on sluggish liquidity
Shares rise on sluggish liquidity
Shares improved this morning after suffering a hard fall yesterday, driven by blue chips, but liquidity continued to drain due to investor caution.
On the HCM Stock Exchange, the VN-Index edged up 0.26 per cent to close at 540.29 points, while the VN30, which tracks the top 30 shares by market value and liquidity, increased 0.28 per cent to stand at 571.10 points.
Liquidity was nearly half of yesterday morning's level, with just 44 million shares worth more than VND587 billion (US$27.4 million) being traded by the end of the morning.
Seven codes saw trading of more than one million shares. FLC Group (FLC) led with 9.2 million of its shares being traded, but its price declined 0.95 per cent to end at VND10,400 per share.
On the Ha Noi Stock Exchange, the HNX-Index also added 0.21 per cent to finish at 80.64 points.
The market volume was very low at just 19.4 million shares, worth VND236.6 billion ($11.1 million).
FIT Investment Co (FIT) was leading the trading here, with more than three million shares being traded at VND16,500 ($0.77) each.
The afternoon session will start at 1pm.
