VN stocks decline with low liquidity

Friday, Dec 27, 2019 12:34

A Vietcombank office. The bank shares fell 0.56 per cent on Friday morning. — Photo

Vietnamese shares dropped on Friday morning with low liquidity as investors were preparing for the new year holiday.

The benchmark VN-Index on the Ho Chi Minh Stock Exchange fell 0.26 per cent to close at 956.14 points.

The VN-Index lost 0.24 per cent on Thursday.

More than 97 million shares were traded on the southern bourse, worth VND1.5 trillion (US$65 million).

Trading liquidity was low because investors tried to preserve the cash-to-asset ratio in their portfolios amid a lack of supportive news from local companies.

In addition, they were relaxing as the market would soon have a day off for the new year.

Declining stocks outnumbered gainers by 197 to 95, while 57 stocks ended flat.

Among companies’ shares that weighed on the market were Vietcombank (VCB), Vingroup (VIC), Vietinbank (CTG), Vinhomes (VHM) and VPBank (VPB).

On the Ha Noi Stock Exchange, the HNX-Index inched down 0.11 per cent to end at 102.22 points.

The northern market index contracted by 0.59 per cent on Thursday.

More than 19.6 million shares were traded on the northern market, worth VND184.4 billion.

The afternoon trading session starts at 1pm. — VNS

Comments (0)