Market ends higher, helped by rising liquidity
Market ends higher, helped by rising liquidity
The stock indices opened lower, but quickly recovered as liquidity rose sharply on both bourses this morning.
On the HCM Stock Exchange, the VN-Index rose sharply by 1.17 per cent to end at 573.08 points. The number of gainers were nearly triple the number of losers by 142 to 52.
The VN30 added 6.14 points to reach 595.96 points by the end of the morning session.
The market liquidity rose significantly, with the trading volume being 79.4 million shares, worth VND1.22 trillion (US$56.6 million).
FLC Group (FLC) and Ocean Group JSC (OGC) continued to hit the ceiling price of VND9,500 and VND2,700, respectively.
FLC also maintained its lead in terms of trading volume, with 18.6 million of its shares being exchanged.
On the Ha Noi Stock Exchange, the HNX-Index advanced 2.96 per cent to close at 84.13 points. The total trading volume was 38 million shares, valued at VND433 billion ($20 million).
On the northern market, the number of gainers were almost double that of losers by 114 to 61.
Sai Gon-Ha Noi Bank (SHB) was the most active share on the market, with 6.3 million of its shares being traded, rising 7.79 per cent in market value. At the end of the morning session, SHB stood at VND8,300.
The afternoon session will begin at 1pm.
