Shares gain on low liquidity
The stock market had a good start on Monday morning with both the main stock indices increasing.
The stock market had a good start on Monday morning with both the main stock indices increasing.
The VN Index on HCM Stock Exchange rose over one per cent to close the morning trade at 1,037.13 points.
On Ha Noi Stock Exchange, the HNX Index inched up 1.3 per cent to 124.14 points.
Large-cap stocks were the main boost this morning as up to 22 shares of the VN30 basket (which tracks the top 30 shares by market value and liquidity on HCM City’s main bourse) gained value and only four declined.
Bank stocks led the gainers, with Vietcombank, Vietinbank and Military Bank each growing over 2 per cent.
Other main supporters included brewer Sabeco, Vinamilk, PV Gas, FLC Faros Construction and Mobile World Group.
Liquidity was modest, however, as many investors were still cautious about the market outlook.
Only 90 million shares, worth a combined VND2.2 trillion (nearly US$95 million), were traded in the two markets.
On the Unlisted Public Company Market, the UP Index was up by 0.6 per cent to end at 56.44 points.
The afternoon trade starts at 1pm. – VNS
