Shares advance, but liquidity remains slow
Shares advance, but liquidity remains slow
Shares rose this morning on the two markets, but trading was still sluggish, as evident from the low liquidity.
On the HCM Stock Exchange, the VN-Index increased 0.5 per cent to close at 593.3 points, while the HNX-Index on the Ha Noi Stock Exchange also edged up 0.5 per cent to end at 81.2.
A total of 63.5 million shares, worth VND989 billion (US$44.2 million), were exchanged on the two markets by the end of the morning, just about 45 per cent of yesterday's trading volume.
More than 30 per cent of the 681 trading stocks advanced this morning, while nearly 23 per cent declined.
Banks and real estate companies rebounded as large-cap shares in these two sectors, such as Sacombank (STB), Military Bank (MBB), VinGroup (VIC) and FLC Group (FLC), besides Tan Tao Investment Industry (ITA), Duc Long Gia Lai Co (DLG) and Kinh Bac City Development, climbed between 0.7 and 4.7 per cent.
Auto dealer Hoang Huy Investment Co (HHS) was temporarily leading the trading nationwide, with 3.2 million of its shares being exchanged, rising four per cent to stand at VND18,400 ($0.82) each. The company posted positive earnings in the third quarter yesterday, with its revenue rising 42.3 per cent to reach VND751 billion ($33.5 million) year-on-year. The net profit has doubled from the same period last year to reach VND81.2 billion ($3.6 million).
The afternoon session will begin at 1pm.
