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Banking & Finance

Lower liquidity for blue chips

Released at: 15:16, 26/11/2015 Stock Market Watch

Lower liquidity for blue chips

VN-Index and VN30-Index both tumble early on but end on different sides of the opening.

by Hung Khanh

The morning session on 26 November saw the VN-Index and VN30-Index fall follow similar downward trajectories before the former closed at a loss and the latter at a slight gain.

The VN-Index quickly dropped to 591.67 points from the 595.70 at opening but recovered to reach 594.13 points at the end of the session, down 1.57 points (0.26 per cent).

The VN30-Index, meanwhile, closed 0.16 points higher, or 0.02 per cent, after falling to 599.71 point from the 602.32 at the opening, with trade volume of some 23 million shares worth VND383 billion ($17 million).

Liquidity mostly fell in middle and small caps such as HAI, HHS, ITA, FLC and SBT, with total trade volume at some 20 million shares, or one-third of total trade in the morning session.

Large caps failed to attract attention from investors, as only 71,100 shares changed hands with closing prices unchanged against the opening. MSN saw trade volume of 97,890 shares, or one-fifth of yesterday, and finished unchanged.

Banking large caps either fell or closed at their opening price, with VCB down 0.22 per cent and CTG down 1.02 per cent while MBB and EIB were unchanged.

Notably, BID officially issued 607.5 million in additional stock during the session, resulting in its price falling by the highest level for three months, or 3.98 per cent, on significantly higher trade volume of some 1.5 million shares, for the sixth-highest liquidity recorded in the session.

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