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Banking & Finance

Indexes up on low liquidity

Released at: 18:48, 20/06/2016 Stock Market Watch

Indexes up on low liquidity

Increase on VN-Index the highest since mid-May.

by Hung Khanh

All main indexes rose on June 20, with the VN-Index increasing 7.21 points (1.16 per cent) and the VN30-Index 8.44 points (1.37 per cent) on HSX while the HNX-Index closed 0.45 points (0.54 per cent) higher and the HNX30-Index 1.3 points (0.87 per cent) on HNX.

Conversely, the UpCoM Index fell 0.2 points (0.34 per cent).

HSX saw 140 shares increase and 78 decrease while HNX saw 166 increase and 103 decrease.

Liquidity on HSX was VND1.7 trillion ($76.22 million) via order matching, down about 40 per cent compared to last Friday. On HNX liquidity reached VND565 billion ($25.33 million), down 16 per cent against last Friday.

The VN-Index rose to 624.66 points early on before easing to 621.81 points at the close of the morning session. In the afternoon it bottomed out at 620.88 points early on before increasing sharply to close at 626.46 points.

The increase in the VN-Index was the highest since mid-May.

Mid caps in the VN30 basket recorded the strongest increases, with PVD and MWG rising 7 per cent, NT2 6.2 per cent and FPT 5.7 per cent.

Large caps seeing strong increases included GAS, up 3.4 per cent, VIC 2.9 per cent, HPG 2.7 per cent, BVH 1.7 per cent and CTG 0.6 per cent.

VNM, BID and STB closed at their opening price while MSN was down 2.1 per cent, MBB 0.7 per cent and VCB 0.4 per cent.

On HNX, PVS led the market, increasing 5 per cent, with VCS closing 4.1 per cent higher, SHB 1.6 per cent, PVI 1.2 per cent and ACB 0.5 per cent. VCG and PLC closed at their opening price while PHP was down 2.8 per cent and NTP 0.3 per cent.

Foreign investors net bought on HSX by some of VND64 billion ($2.86 million) and on HNX by some VND5 billion ($224,200).

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