Financial shares support the market
Financial shares support the market
Shares managed to make small gains by the end of this morning, despite trading below the reference line for most of the time. Financial shares were the main support of the market.
On the HCM Stock Exchange, the benchmark VN-Index inched up 0.27 points to close at 616.19 points, but the VN30, which tracks the top 30 shares by market value and liquidity, was down 0.47 per cent to end at 646.95 points.
Most of the banks such as Vietcombank (VCB), Military Bank (MBB), Vietinbank (CTG) and BIDV (BID), as well as brokerage shares such as Saigon Securities Inc (SSI) and HCM Securities Corp (HCM) advanced.
However, other large-cap shares declined or treaded water.
The market condition was rather neutral, with 81 shares rising, 82 falling and 144 closing flat.
Liquidity improved slightly, compared with yesterday morning, totalling almost 51 million shares worth VND1.1 trillion (US$50.5 million).
Military Bank (MBB) was temporarily leading the market volume here with 3.2 per cent, rising 0.62 per cent to stand at VND16,200 ($0.74) per share.
On the Ha Noi Stock Exchange, the HNX-Index was in the red, standing at 84.38 points, down 0.04 per cent from yesterday's close.
Only 17 per cent of the total 360 stocks gained value, while more than 60 per cent remained unchanged.
Liquidity remained dry, with just 20.5 million shares worth VND257.3 billion ($11.8 million) being traded.
Four stocks saw trading of more than one million shares, of which FIT Investment Co (FIT) was the most active, with 1.9 million of its shares being exchanged. It soared 1.63 per cent to stand at VND12,500 each.
The afternoon session will start at 1pm.
