Stocks bounce back, but liquidity continues to slide
Stocks bounce back, but liquidity continues to slide
Blue chips rebounded, lifting shares on the two markets this morning. Liquidity continued to decline, however, due to investors' caution.
On the HCM Stock Exchange, the VN-Index gained 1.09 per cent to close at 560.99 points, and the VN30, which tracks the top 30 shares by market value and liquidity, increased 0.97 per cent to end at 579.63 points.
Many large-cap shares gained value after yesterday's slump.
Bank shares were leading the market uptrend with Military Bank (MBB) and BIDV (BID) rising 4.2 per cent, while other stocks such as Vietinbank (CTG) and Vietcombank (VCB) advanced more than two per cent.
MBB was also the most active stock this morning, with 3.6 million of its shares being traded.
Dairy giant Vinamilk (VNM), real estate VinGroup (VIC), Ph M? Fertiliser (DPM) and Saigon Securities Inc (SSI), besides FPT Corp (FPT) also posted gains.
The overall market condition was positive, as the gainers were almost double the number of losers.
Liquidity continued to decline, however, with just 51 million shares, worth VND853 billion (almost US$38 million), changing hands by the end of this morning, down nearly 30 per cent in value compared with yesterday morning.
On the H N?i Stock Exchange, the HNX-Index climbed 0.78 per cent to stand at 76.59 points, with the market value reaching VND155.4 billion (almost $7 million).
The afternoon session will start at 1pm.
