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Banking & Finance

MSN surprises with high liquidity

Released at: 17:17, 25/12/2015 Stock Market Watch

MSN surprises with high liquidity

Share goes against trend in quiet trading session on morning of December 25.

by Hung Khanh

The VN-Index increased 4.32 points (0.76 per cent) on the morning of December 25 on low trading volume and liquidity, with only 29 million shares traded via order matching valued at VND525.9 billion ($23.33 million). The market saw 78 shares increase and 101 decrease.

Liquidity in MSN was somewhat surprising, totaling 859,000 shares valued at VND63.9 billion ($2.83 million), with it reaching its ceiling on a 6.38 per cent increase.

One factor that perhaps supported MSN’s rise was reduced selling by foreign investors, who have exited the share in large quantities since September. More recently, however, sales have only been in the few VND billion each day. Who is behind the strong liquidity this morning will only be known at the end of the afternoon session.

MSN saw the highest increase among blue chips in the morning. Other shares in the VN30-Index rising slightly included BVH, by 3.88 per cent, CII 1.42 per cent, IJC 1.39 per cent, and VCB 1.18 per cent. The VN30-Index finished the session 4.98 points (0.86 per cent) higher, with 16 shares increasing and four decreasing.

Trade in the HNX was poor, with the HNX-Index falling 0.02 per cent and the HNX30-Index 0.03 per cent. Blue chips closed at their opening prices. Only broker shares were in positive territory, with VND increasing 0.88 per cent, SHS 1.39 per cent, and BVS 0.89 per cent.

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