Business

Shares make gains as liquidity drags

Shares extended gains on December 24 but cautious trading kept liquidity low on the two markets.
Shares extended gains on December 24 but cautious trading kept liquidity low on the two markets.

Onthe Ho Chi Minh Stock Exchange, the VN-Index added 0.29 percent toclose at 539.44 points. The VN30, which tracks the top 30 shares bymarket value and liquidity, increased 0.27 percent to end at 591.19points.

Liquidity declined, however, despite positiveinformation on low inflation. The General Statistics Office estimatedthe consumer price index (CPI) in December would likely fall 0.24percent on fuel price cuts, bringing annual inflation growth down to4.09 percent.

Market volume was down 40 percent from December 23,totaling 70.7 million shares, while value of trades declined 60 percentto reach 1.461 trillion VND (68.3 million USD).

On the HanoiStock Exchange, the HNX-Index gained 0.48 percent to finish at 82.82points and the HNX30, a tracker of the top 30 shares by market value,also climbed 0.6 percent to stand at 161.48 points.

Thoughremaining the most active stock with 10 million shares traded, shares ofKLF Joint Venture Global Investment Co (KLF) still plunged 2.7 percentto settle at 10,800 VND a share.

Foreign investors againconcluded as net buyers in the two stock markets, but their buysdeclined over the previous session, with a total of 80.5 billion VND(3.8 million USD) in shares, down 40 percent compared with December23.-VNA
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