VN stocks quiet as ETFs shake up profiles

Friday, Jun 21, 2019 12:51

Vietnamese stock market became quiet on Friday morning as investors were waiting for the finalised quarterly portfolio reviews of exchange-traded funds (ETFs) later in the day. — Photo

Vietnamese shares gained at a slower pace on Friday morning amid quarterly portfolio reviews of exchange-traded funds (ETFs).

The benchmark VN-Index on the Ho Chi Minh Stock Exchange inched up 0.15 per cent to close at 960.60 points.

The VN-Index gained as much as 0.24 per cent in early trade.

The southern market index increased by 1.60 per cent in the previous two trading days.

After having risen strongly in the previous two sessions, the Vietnamese stock market traded with caution as exchange-traded funds (ETFs) completed overhauling their investment portfolios for the next quarter.

More than 70 million shares were traded on the southern bourse, worth VND1.53 trillion (US$66 million).

Moderate trading liquidity suggested investors were waiting for the ETFs to finalise their decisions.

Large-cap stocks also made modest gains. The large-cap VN30-Index rose 0.24 per cent to end at 866.64 points.

The large-cap basket was mixed with 16 gainers and 10 decliners while four stocks ended flat.

On the Ha Noi Stock Exchange, the HNX-Index fell 0.16 per cent to end at 104.89 points.

The northern market index lost steam after having increased 0.73 per cent early in the day.

It had rallied 1.54 per cent between Monday and Wednesday.

Nearly 14 million shares were exchanged on the northern market, worth VND207 billion. — VNS

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