VN Index struggles to rise in morning trading

Tuesday, Jun 23, 2015 12:28

Liquidity remained flat in the domestic stock market this morning. — Photo

HA NOI (Biz Hub) — The VN Index on the HCM City Stock Exchange opened lower this morning and struggled to reach yesterday's benchmark.

By the end of the morning session, the VN-Index ended almost flat at 593.96 points, a decrease of 0.02 per cent.

Overall, the losers slightly outnumbered the gainers by 96 to 83, while 125 others remained unchanged.

Liquidity remained flat, with 62.8 million shares being traded, worth VND1.02 trillion (US$47 million).

Top blue chips such as Vietcombank (VCB), Petro Vietnam Gas Corporation (GAS) and Vietnam Dairy Products Corporation (VNM) were unable to maintain the growth they had yesterday and contributed to the fall of the market.

Other large-cap shares such as Military Bank (MBB), Eximbank (EIB) and Vingroup JSC (VIC) improved during the morning session to prevent the market from falling further.

There was not much difference in trading volumes. OGC Group (OGC) was the most active code, trading only 6.3 million of its shares and ending at VND2,900 per share, slightly lower than yesterday.

On the Ha Noi Stock Exchange, the HNX-Index began on a positive note, but lost 0.13 per cent to close at 86.98 points.

Market liquidity was higher than yesterday morning, with 28 million shares being traded today, worth VND323 billion ($15 million).

In general, the number of losers was almost double that of gainers by 91 to 54.

Only three stocks traded more than two million shares this morning, including Saigon-Hanoi Bank (SHB) that was the most active code with 2.8 million of its shares being exchanged, while ending flat.

The afternoon session will start at 1pm. — VNS

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