VN-Index ends flat in morning session
VN-Index ends flat in morning session
The VN-Index ended flat on Friday morning after a two-day collapse, but liquidity remained low.
The benchmark VN Index on the Ho Chi Minh Stock Exchange remained unchanged at 901.93 points.
The southern market index lost 0.75 per cent to close at 901.89 on Thursday.
The HNX Index on the Ha Noi Stock Exchange dropped 0.11 per cent to close at 101.81 points, following the loss of 0.06 per cent on Thursday.
Liquidity was still low with roughly 97.1 million shares traded on the two exchanges, worth nearly VND2.6 trillion (US$112 million).
Large-cap stocks performed well as the blue-chip VN30 Index climbed 0.1 per cent to 854.21 points.
Sixteen of the 20 sector indices on the stock market declined while the other four increased.
Declining indices included banking, securities, real estate, mining and insurance, which all fell by between 0.4 and 1 per cent, data on vietstock.vn showed.
Steel maker Hoa Phat Group (HPG) increased by 1 per cent after Dai Phong Trading and Investment Co., Ltd registered to buy 1 million HPG shares from January 22 to February 20 under the agreement and order matching method.
Dai Phong Trading and Investment Co., Ltd. had never purchased HPG before. The company is chaired by Tran Vu Minh, son of Hoa Phat Group Chairman Tran Dinh Long.
After being sold strongly on Thursday, VPBank (VPB) suddenly rebounded to gain by 2.1 per cent in morning trading. Dairy firm Vinamilk (VNM) increased 1.1 per cent, helping to preventing a VN-Index decline.
However, other large-caps were hit, such as Vinhomes (VHM), Vietjet (VJC) and Vingroup (VIC).
The afternoon trading session starts at 1pm.
