Stocks quiet, market trading weak before NYE
Stocks quiet, market trading weak before NYE
The stock market remained quiet on Friday morning with low order-matching liquidity on the two local exchanges.
The VN Index on the HCM Stock Exchange ended at 664.55 points, slightly down from Thursday’s closing level.
Market trading liquidity was weak before New Year’s Eve as investors chose to stand by instead of investing at this time.
More than 38 million shares were exchanged via the order-matching method on the southern bourse, worth VND801 billion (US$35.6 million).
Large-cap stocks were mixed, with dairy firm Vinamilk (VNM) among the decliners, falling 1.2 per cent on strong foreign selling.
Other large-cap stocks, such as Faros Construction Corp (ROS), Vietcombank (VCB), property developer and retailer Vingroup (VIC) and PetroVietnam Gas Corp (GAS), advanced.
Speculative stocks continued to be the most active ones. Hoang Quan Consulting Trading Service Real Estate Corporation (HQC) had the largest volume of shares being traded this morning.
Nearly 4.8 million shares of HQC were exchanged and the company’s shares edged up 0.4 per cent.
The HNX Index on the Ha Noi Stock Exchange inched up 0.2 per cent to end at 79.69 points.
More than 9.5 million shares were exchanged by the order-matching method, worth VND106.87 billion.
