Stocks rise despite low liquidity
Stocks rise despite low liquidity
Shares advanced on the two exchanges this morning, but liquidity remained low due to poor investor sentiment ahead of the upcoming long holidays.
On the HCM Stock Exchange, the VN-Index edged up 0.62 per cent to close at 564.72 points, while the VN30, which tracks the top 30 shares by market value and liquidity, increased 0.45 per cent to stand at 595.38 points.
Trading was slow, as just three stocks exchanged more than one million shares.
HCM City Infrastructure Investment Co (CII) was leading the trading with 4.4 million of its shares being exchanged, followed by Hoang Huy Investment Services Co (HHS) with 3.4 million shares and HAI Agrochem Co (HAI) with 1.3 million shares.
Only one-third of the stocks rose, while nearly half remained flat.
More than 31 million shares, worth VND790.7 billion (US$36.6 million), were exchanged by the end of the morning.
On the Ha Noi Stock Exchange, the HNX-Index inched up 0.09 per cent to end at 82.72 points.
Liquidity was dry here, with nearly 20 million shares worth VND262.6 billion ($12.2 million) being traded.
KLF Joint Venture Global Investment Co (KLF) was the most active stock, with 3.4 million of its shares being traded at VND9,000 per share.
The afternoon session will begin at 1pm.
