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Banking & Finance

Market down on low liquidity

Released at: 18:16, 28/04/2016 Stock Market Watch

Market down on low liquidity

Afternoon trade on April 28 the lowest in 17 sessions.

by Hung Khanh

The HNX30-Index was the only the index to increase on April 28. On HSX the VN-Index closed down 2.29 points (0.39 per cent) and the VN30-Index 1.8 points (0.3 per cent), while on HNX the HNX-Index fell 0.03 points (0.04 per cent) and the HNX30-Index rose 0.6 points (0.42 per cent).

The VN-Index headed downwards in the middle of both sessions before recovering slightly. In the morning it went down to 592.50 points then closed at 595.15 points, while in the afternoon it reached a bottom of 590 points before recovering to 593.84 points then suffering a late fall to close at 591.67 points.

HSX saw 78 shares increasing and 141 decreasing while HNX saw 148 increasing and 128 decreasing.

Low liquidity was notable in the afternoon as both markets saw trade of VND868.3 billion ($38.93 million), down 27 per cent against yesterday afternoon and the lowest for the last 17 sessions.

Liquidity was also low over the course of the day, with only some VND1.5 trillion ($67.26 million) changing hands via order matching on HSX and VND401 billion ($17.98 million) on HNX.

While banking shares carried the market yesterday only MBB increased today, by 0.7 per cent and VCB 0.4 per cent, while BID fell 2.9 per cent and CTG 1.8 per cent.

Among other large caps, VIC was down 1.9 per cent, MSN 0.7 per cent and HPG 0.6 per cent.

GAS bucked the trend, increasing 1 per cent.

Large caps VNM, BVH and EIB all closed at their opening price.

Foreign investors net bought on both markets, by some VND45 billion ($2.01 million) on HSX and VND448 million ($20,088) on HNX.

Photo: TVSI

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