Stocks up slightly on poor trading
Stocks up slightly on poor trading
Shares rose slightly in both the local markets Friday morning, but trading liquidity was weak, as investors were cautious before the foreign investment funds completed their portfolio reviews later in the day.
The benchmark VN Index on the HCM Stock Exchange added 0.15 per cent to close at 761.69 points. Viet Nam’s key stock index was down 0.03 per cent on Thursday.
The HNX Index on the Ha Noi Stock Exchange gained 0.17 per cent to end at 97.94 per cent after sliding 0.1 per cent on Thursday.
More than 119 million shares were transferred in the morning, worth VND2.2 trillion (US$95.58 million).
The stock market had a slight fall on Thursday with trading liquidity remaining at the average level of the last five days, proving that investors were slightly careful before the two biggest exchange-traded funds (ETFs) complete reviewing their portfolios today, Sai Gon-Ha Noi Securities wrote in a note.
The stock market was driven up by gains in the shares of large-cap companies.
Gainers in the VN30 basket moved up between 0.1 per cent and 2.4 per cent with shares of Tan Tao Industry and Investment Corp (ITA), DHG Pharmaceutical Company (DHG) and steel maker Hoa Phat Group (HPG) being among the stocks that posted the biggest gains.
On the opposite side, shares of FLC Faros Construction (ROS) remained negative, hitting its daily losing limit of 7 per cent for a third consecutive day.
The afternoon session starts at 1pm.
