Index down 0.01% on high trade but low liquidity.
The VN-Index failed to maintain the momentum of the morning during the afternoon session, closing at 574.38 points, down 0.04 points, or 0.01 per cent.
It was a day of high put through trading, with 50 million shares; the highest since early October. Conversely, order matching was low, with some 78 million shares changing hands, the lowest since early October, for a day of high trading but low liquidity.
BCI saw 30 million shares traded via put through, falling 2.04 per cent and closing at VND24,000 ($1.07).
The strong recovery of bank shares in the morning didn’t carry into the afternoon session, with low liquidity ending in gains being lost. VCB closed 0.95 per cent higher over the course of the day but down two tick sizes in afternoon trade.
Foreign investors sold strongly in VCB, with some 571,600 shares traded, accounting for 58 per cent of its volume, valued at VND24.4 billion ($1.08 million), for net selling of VND14.7 billion ($653,709).
In other banking shares, only STB rose against the morning, closing at 2.68 per cent higher. CTG, MBB, and EIB closed at their opening price, while BID fell 0.47 per cent, ACB 0.51 per cent, and SHB 1.52 per cent.
Broker SSI was down four tick sizes against the morning session, closing the afternoon increasing session 0.87 per cent higher on the day after finishing the morning up 2.62 per cent.
Today saw strong overall selling by foreign investors, at some 12 million share sold against 7 million purchased bought, for a net value of around VND240 billion ($10.67 million).