Energy shares boost bourses despite low liquidity

More than 210.2 million shares worth over 5.75 trillion VND (253 million USD) were traded on both local exchanges on May 7.
Energy shares boost bourses despite low liquidity ảnh 1Illustrative photo (Photo: VNA)

Hanoi (VNA) – Morethan 210.2 million shares worth over 5.75 trillion VND (253 million USD) weretraded on both local exchanges on May 7.

Thebenchmark VN-Index on the HCM Stock Exchange (HOSE) increased 35.46 points to 1,062.26points. Trading volume reached over 155.1 million shares, equivalent to morethan 4.92 trillion VND (216.48 million USD).

Meanwhile,the HNX-Index on the Hanoi Stock Exchange (HNX) inched up 3.98 points to end at126.55 points. Over 55.1 million shares valued at some 831.5 billion VND (16.8million USD) were traded on the bourse on the day.

Blue chipsdominated the market with stocks in the oil and gas, banking and securitiessectors posting good increases.

Amongstocks in the VN30, which measures the performance of 30 stocks with thehighest market capitalisation and liquidity on the HOSE, there were 28 gainers,one declining and one ended flat.

Althoughmany groups of stocks progressed, domestic investors remained cautious, pullingliquidity down. Meanwhile, foreign investors were net sellers on the twoexchanges.

On theHOSE, foreign investors sold more than 7.66 million shares with a net value ofmore than 374 billion VND (32.2 million USD), focusing on stocks of  Vietcombank (VCB), Vingroup(VIC),and Vietjet Aviation Joint Stock Company (VJC).

On theHNX, they posted a net sell value of over 78.3 billion VND (3.4 million USD)from more than 5.91 million shares.-VNA
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