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Banking & Finance

VN-Index up in volume and liquidity

Released at: 13:08, 03/12/2015 Stock Market Watch

VN-Index up in volume and liquidity

Trade quite active in morning session on December 3.

by Hung Khanh

Liquidity increased sharply on the HSX during the morning session on December 3, with some 80 million shares changing hands, or 80 per cent of yesterday’s total, valued at around VND1.7 trillion ($75.65 million), which was slightly higher than the value for all of yesterday.

The market closed at 575.56 points, an increase of 1.14 points, or 0.2 per cent, against the opening, with 88 shares increasing, 79 decreasing, and 77 remaining at their opening price.

Morning trade was spread out among small and medium cap shares, including FLC, which saw some 3 million shares changing hands and finished up 1.19 per cent against its opening price, STB, with some of 2.6 million shares traded but ending 0.54 per cent down, and SSI, with some 2 million shares traded and ending 3.06 per cent higher.

Large caps in real estate saw low liquidity and prices remaining unchanged from the opening, except for VIC, which increased 0.47 per cent.

Banking shares stayed in positive territory, with BID increasing 0.47 per cent, VCB 1.18 per cent and STB 2.68 per cent, while CTG, MBB, and EIB closed at their opening price.

The morning saw a purchase registration for 30 million BCI shares. Market rumors indicated that the transaction came from the Khang Dien Investment & Trading House JSC (KDH). At an extraordinary general meeting of BCI on November 27 its shareholders agreed to KDH increasing its ownership by over 25 per cent without public ordering. Some days later KDH announced it had registered to buy 32 million shares of BCI from December 3 to January 1 to increase its holding to 57.31 per cent.

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