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Shares climb, but trading remains sluggish
Shares extended their rally this morning on the two exchanges, but few shares remained attractive to traders.
On the HCM Stock Exchange, the VN-Index added another 0.98 per cent to end at 609.68 points. Blue chips were on par with the VN30, which tracks the top 30 shares by market value and liquidity, increasing 0.98 per cent to close at 644.67 points.
Liquidity remained modest, however, as just 47 million shares worth almost VND957 billion (nearly US$44 million) were exchanged by the end of the morning.
Twelve stocks saw trading of more than one million shares, led by Saigon Securities Inc (SSI) with 2.1 million shares. SSC's price climbed 2.24 per cent to stand at VND27,400 ($1.26) per share.
On the Ha Noi Stock Exchange, the HNX-Index inched up just 0.09 per cent to finish at 83.95 points.
Trading was sluggish, as shown in the low liquidity of just 18.2 million shares, worth VND217 billion ($10 million).
Only three shares saw trading of more than one million shares. These were Kim Vi Inox Import Export Production (KVC), Vietnam Enterprise Investment and Development (FID) and FIT Investment (FIT). Only FID soared nine per cent, while KVC dropped to its floor price and FIT lost 0.9 per cent.
The afternoon session will start at 1pm.
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