VN-Index rises on low liquidity
VN-Index rises on low liquidity
Shares continued to make tiny gains on the two exchanges this morning, but liquidity was still low due to lingering investor caution.
The VN-Index on the HCM Stock Exchange edged up 0.27 per cent to close at 558.34 points, while on the Ha Noi Stock Exchange, the HNX-Index inched up just 0.05 per cent to end at 76.35 points.
The overall market condition was a bit pessimistic, with 20 per cent of the 673 stocks gaining, 24.5 per cent losing and the remaining staying unchanged.
More than 55 million shares worth nearly VND1.24 trillion (US$55.1 million) were traded on the two bourses by the end of this morning.
Only 10 of the total 673 stocks saw trading of more than one million shares, among which Quang Nam Rubber Investment Co (VHG) was temporarily leading with three million of its shares being exchanged. VHG climbed 3.9 per cent to stand at VND8,100 each. The shares have risen for four consecutive days, thanks to positive performance in the first half of the year.
VHG reported a first-half net profit of more than VND41.4 billion ($1.84 million), up 46.6 per cent over the same period last year.
BIDV bank (BID), Phat Dat Real Estate Development (PDR) and Truong Thanh Furniture (TTF) saw positive trading, after the FTSE Vietnam exchange-traded fund late last week added these three stocks to the FTSE Vietnam Index in the third quarter of this year.
All three stocks gained value and were among top 10 active stocks this morning.
The afternoon session will start at 1pm.
