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Banking & Finance

Market up on low liquidity

Released at: 16:33, 02/12/2015 Stock Market Watch

Market up on low liquidity

Slow afternoon trade sees VN-Index and VN30-Index both up slightly.

by Hung Khanh

Afternoon trade on December 2 saw the VN-Index fluctuate around its opening level before closing at 574.42 points, 4.01 points, or 0.7 per cent, higher. There were 170 shares increasing, 59 decreasing, and 60 closing unchanged. Liquidity, however, was low, as only some 96 million shares were traded, with a value of VND1.6 trillion ($71.12 million); the lowest value since early October.

The VN30-index also ended in positive territory today, increasing 4.88 points, or 0.84 per cent higher against the opening. The market closed at 583.94 points, with 23 shares increasing, three decreasing, and four closing at their opening price.

Most high liquidity shares rose, including FLC, with trade of 10 million and an increase of 5 per cent, and HAG, with some 9 million shares traded and ending 5 per cent higher. Some 9 million shares in OGC were traded, with the share up 2.36 per cent, ending 18 days of either falling or remaining stable.

VNM today rose 0.82 per cent, to VND123,000 ($5.47), on relatively low trade of only 411,960 shares, valued at VND50.3 billion ($2.23 million).

Real estate shares were in positive territory. Except for VIC, which fell 0.47 per cent, all other large caps increased, such as KBC, by 1.55 per cent, ITA 3.33 per cent, NLG 0.89 per cent, and ASM 1.44 per cent.

Banking shares also rose slightly, including VCB, by 0.24 per cent, BID 2.24 per cent, MBB 0.7 per cent, STB 2.75 per cent, and CTG 1.64 per cent.

Foreign investors sold strongly throughout the course of the day, by a net 6 million shares, valued at some VND130 billion ($5.77 million).

The HNX-Index edged slightly upwards today, by 0.27 points, closing at 80.54 points.

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