VN-Index continues to rebound while liquidity keeps dropping
VN-Index continues to rebound while liquidity keeps dropping
The market was mixed on Friday morning as investors' risk appetite hasn't returned.
On the Ho Chi Minh Stock Exchange (HoSE), the market benchmark VN-Index rose 0.07 per cent to 1,380.65 points. However the market's breadth was negative as 218 stocks declined while 148 climbed.
The market liquidity was also lower than yesterday with nearly 346.4 million shares traded on the southern market, worth over VND10.4 trillion (US$452.2 million).
The benchmark continued to rebound on the back of some pillar stocks.
The VN30-Index inched 0.18 per cent higher in the morning session to 1,489.61 points. The gain was also boosted by some large-cap stocks as 17 of 30 biggest stocks in the VN30 basket slid, while 13 stocks increased.
Top five stocks influencing the market in a positive way were No Va Land Investment Group Corporation (Novaland, NVL), VietnamPetro Gas JSC (PVGAS, GAS), Phat Dat Real Estate Development JSC (PDR), SSI Securities Corporation (SSI) and Vietnam Dairy Products JSC (Vinamilk, VNM).
Meanwhile losses in many other large-cap stocks limited the gains. These stocks included Investment And Industrial Development Corporation (BCM), Vingroup JSC (VIC) and Hoa Phat Group (HPG).
On the Ha Noi Stock Exchange (HNX), the HNX Index, however, dropped 0.13 per cent to 314.66 points despite gains in the HNX30-Index.
The 30 biggest stocks tracker on the northern index rose 0.07 per cent to 497.11 points.
