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Indices up on sluggish market volumes and values
Both benchmark stock indices closed higher this morning, but market volumes and values remained sluggish on the two national stock exchanges.
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| Source: VietstockFinance |
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On the HCM City Stock Exchange, the VN-Index finished 0.47 per cent higher at 449.54 as advancers doubled decliners by the end of this morning's session.
Although the market is expected to be buoyed by recent moves such as the likelihood of an interest rate reduction and tightening of control over the gold market, investors were still cautious in trading.
Market value was just 45 per cent of Friday's level, reaching just VND644 billion (US$30.7 million), worth more than 48.6 million shares.
Twenty of the 30 leading shares by market value and liquidity posted gains, lifting the VN30 Index 0.7 per cent to stand at 515.08 points. Only property developer Vincom (VIC) and dairy giant Vinamilk (VNM) lost value.
SACOM Development And Investment Corp (SAM) is temporarily leading the market by trading volume with nearly 3.45 million shares changing hands. The shares are being traded at the ceiling price of VND6,700 a share.
On the Ha Noi Stock Exchange, the HNX-Index concluded this morning's session at 75.45 points, up 1.02 per cent over the previous session.
Market volume reached 39.3 million shares, worth VND407.7 billion ($19.4 million).
Gainers largely outnumbered losers by 143-75.
Habubank (HBB) continued to be the most active share nationwide with 4.86 million shares changing hands. It closed this morning unchanged at VND6,900.
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