Market remains restrained, despite liquidity growth
Market remains restrained, despite liquidity growth
The stock market opened higher, but fell during the morning session and ended lower than the market expectation.
On the HCM Stock Exchange, the VN Index reached 580 points twice, but then finished at 575.31 points, an increase of only 0.06 per cent.
The losers outnumbered the gainers by 109 to 70.
Blue chips ended mixed. Among the 10 largest shares in terms of capitalisation and liquidity, only Vietcombank (VCB) and BIDV (BID) made gains.
The market liquidity was slightly higher than yesterday morning. The market traded 66.4 million shares, worth VND1.07 trillion (US$49.4 million).
FLC Group (FLC) closed as the most active code, trading 7.5 million of its shares at the same price as yesterday.
On the Ha Noi Stock Exchange, the HNX-Index fared worse, falling by 0.32 per cent to close at 83.62 points.
The market liquidity slightly improved, with 31.6 million shares being traded, worth VND392 billion ($18.1 million). There was a balance in the numbers of the gainers and the losers.
FIT Investment JSC (FIT) was the most active stock and was the only one that saw trading of more than four million shares. Its value gained 2.11 per cent to end at VND14,500.
Other active stocks included large-cap shares such as Sai Gon-Ha Noi Bank (SHB), Tasco Joint Stock Company (HUT) and KLF Global Investment Joint Stock Corporation (KLF).
The afternoon session will begin at 1pm.
