VN-Index rises slightly before falling in morning session on November 16, while liquidity was in good shape.
The VN Index stood at 608.27 points on the morning of November 16, a fall of 3 points, or 0.49 per cent, compared to the previous session.
The price of 77 stocks increased on the Ho Chi Minh City Stock Exchange (HSX), 54 were unchanged, and 137 fell.
The VN30 index fell 0.53 per cent, the HNX-Index 0.61 per cent, and HNX30 0.69 per cent.
The VN-Index and the HNX-Index both rose for a few minutes after opening at 10am but then headed downwards.
Profit taking was seen during the morning, which increased liquidity in the market, but most stocks then fell. The Hanoi Stock Exchange (HSX) saw 99 stocks fall and only 52 increase, while the HNX30 saw 18 fall and only six increase.
Oil and bank stocks both fell, such as GAS, by 0.92 per cent, PVD 1.81 per cent, VCB 1.05 per cent, CTG 1.46 per cent, BID 0.84 per cent, MBB 0.67 per cent and EIB 1.72 per cent. Such types of stocks also fell on HNX, with ACB falling 0.49 per cent, PLC 0.27 per cent, and PGS 1.01 per cent.
The only bright point for both markets was that liquidity increased, with VND1.39 trillion ($61.92 million) in order matching, an increase of 8 per cent against the last session and the highest in last 23 morning sessions.
Major contributors to the increase in liquidity were FPT, FLC, FIT, CII, and VNM.
Foreign investors showed no signs of increased buying, with the HSX seeing VND42.1 billion ($1.87 million) in order matching from foreign investors. The biggest buys by foreign investors were in VIC, at VND7.6 billion ($338,580), NT2 at VND5.4 billion ($240,570), and DPM at VND3.6 billion ($160,380).