Markets edge down on low liquidity

Thursday, Mar 19, 2015 12:32

HA NOI (Biz Hub) — Blue chips dragged down the indices on the HCM Stock Exchange this morning.

The VN-Index lost 0.19 per cent to end at 577.56 points, while the VN30, which tracks the top 30 shares by market value and liquidity, dropped 0.33 per cent to close at 605.15 points.

Cautious investor sentiment dried up trading. The market volume reached just 36.6 million shares, worth VND633.47 billion (US$29.6 million), down 30 per cent compared with yesterday morning.

Property developer FLC Group (FLC) remained the most active code, but the trading volume fell to 5.4 million shares this morning, just one-fourth of yesterday's total. Its price dived another 1.67 per cent to stand at VND11,800 per share.

On the Ha Noi Stock Exchange, the HNX-Index edged up 0.05 per cent to finish the morning session at 85.09 points.

Liquidity was low at just 22 million shares, worth VND297.44 billion (nearly $14 million).

Only three shares saw trading of more than one million shares here, led by KLF Joint Venture Global Investment Co (KLF), with 3.5 million of its shares being traded at VND11,000 per share.

The afternoon session will start at 1pm. — VNS

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