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Banking & Finance

Both markets down on low liquidity

Released at: 19:01, 02/02/2016

Both markets down on low liquidity

Order matching significantly lower on February 2.

by Hung Khanh

The HSX fell 4.11 points (0.76 per cent) on February 2, with 65 shares increasing and 143 decreasing.

The day’s trade was marked by a significant fall in liquidity and trading volumes, with only some 81 million shares changing hands via order matching, 10 million less than yesterday, worth VND1 trillion ($44.86 million), down VND500 million ($22.43 million). The approaching Tet holiday is believed to be at least partly responsible, as investors lose their appetite for trading.

The HNX also fell, by 0.39 points (0.51 per cent), with 121 shares increasing and 118 decreasing.

The VN30-Index lost 2.89 points (0.52 per cent), meanwhile, with only two shares increasing while 17 decreased.

Large caps in negative territory included PVD, which was down 4.33 per cent, GAS 4 per cent, HVG 4.42 per cent, HAG 2.44 per cent, and PPC 1.68 per cent.

The HSX saw oil shares in decline, with PVB losing 6.09 per cent, PVC 5.8 per cent, PVG 4.05 per cent, and PVS 3.4 per cent.

The order matching value on both markets totaled some VND1.3 trillion ($58.31 million), 24.2 per cent lower than yesterday and the lowest since October.

Foreign investors net sold, especially VIC, TMT, and DRC.

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