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Stocks edge up, but liquidity remains dry
Shares edged up slightly on the two markets this morning, but investor caution continued to weigh on liquidity.
The benchmark VN-Index on the HCM Stock Exchange rose 0.24 per cent to close at 544.28 points, while the VN30, which tracks the top 30 shares by market value and liquidity, also increased 0.23 per cent to stand at 574.05 points.
Draining liquidity remained the major hindrance, which restrained the market's uptrend.
More than 40 million shares, worth just VND604 billion (US$28.2 million), were traded by the end of the morning.
Only six codes had trading of more than one million shares, among which real estate developer FLC Group (FLC) was leading with 6.8 million shares. FLC's price also went up 2.91 per cent to end at VND10,600 per share.
On the Ha Noi Stock Exchange, the HNX-Index inched up only 0.03 per cent to finish the morning at 81.68 points.
The market volume was still as low at nearly 24 million shares, worth VND230 billion ($10.7 million).
Three stocks saw trading of more than one million units. All of them are highly speculative shares: KLF Joint Venture Global Investment Co (KLF) with 6.8 million shares; Ha Noi Investment General Corp (SHN) with five million shares; and FIT Investment Co (FIT) with 2.3 million shares.
The afternoon session will start at 1pm.
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