Shares continue to slide on draining liquidity

Friday, May 15, 2015 12:18

On the HCM Stock Exchange, the VN-Index edged down 0.14 per cent to close at 542.92. — Photo InfoNet

HA NOI (Biz Hub) — Shares closed lower this morning on the two exchanges as the number of decliners nearly doubled the advancers, as liquidity continued to decrease.

On the HCM Stock Exchange, the VN-Index edged down 0.14 per cent to close at 542.92, while the VN30, tracking the top 30 shares by market value and liquidity, fell 0.24 per cent to stand at 568.52 points.

Pessimism mounted today in the markets as liquidity continued falling.

Almost 34 million shares, worth VND444 billion (US$20.5 million), were traded by the end of the morning.

FLC is leading trades here with over 2.7 million shares exchanged, though it slid over 2 per cent to be traded at VND9,600 per share.

Only six codes had traded over 1 million shares and most of them are speculative stocks, including Ocean Group (OGC), HCM City Infrastructure Investment (CII), Hoang Huy Investment Services Co (HHS), Thong Nhat Production and Investment (GTN) and Phat Dat Real Estate Development Corp (PDR).

On the Ha Noi Stock Exchange, the HNX-Index lost another 1.25 per cent to end the morning session at 78.55 points, with the very low trading value of just VND183 billion ($8.4 million).

F.I.T Investment (FIT) and KLF Joint Venture Global Investment (KLF) were the two most active stock here, with each having over 2.6 million shares traded.

The afternoon session will begin at 1pm. — VNS

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