Vietnamese shares fall on poor market liquidity
Vietnamese shares struggled on March 11 as the market declined due to low liquidity.
Vietnamese shares struggled on March 11 as the market declined due to low liquidity. (Photo: VNA)Hanoi (VNA) – Vietnamese shares struggled on March 11 as the market declined due to low liquidity.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) fell slightly 0.65 point to close at 984.6 points. More than 178.6 million shares were traded at a value of more than 3.7 trillion VND (159.88 million USD). There were 158 advancers and 151 decliners on the bourse.
Meanwhile the HNX-Index on the Hanoi Stock Exchange managed to maintain its uptrend. The index increased 0.1 point to reach 108.32 points. More than 45 million shares were exchanged on the bourse worth 507.5 billion VND (21.9 million USD).
In the VN30 basket, 14 out of the 30 largest market capitalisation stocks increased, while 12 retreated – causing the VN30-Index to inch up 0.16 points. Many large-cap stocks experienced strong growth like VRE (2.3 percent), NVL (4.5 percent), and SBT (1.6 percent). Other stocks, including VIC, VJC, VNM, PNJ, and MWG, also closed their trading day in the green margin.
In a stark contrast, banking, oil and gas, and security stocks were the worst performers of the day as most of them closed the trading day in red, with investors particularly cautious trading banking shares.
Foreign investors net bought more than 1.1 million shares at a value of nearly 6 billion VND (259,000 USD) on the HoSE. Meanwhile, they sold a net value of 13.72 billion VND (592,880 USD) on the HNX.
On the Unlisted Public Company Market (UPCoM), foreign players net bought a value of 2.52 billion VND (108,900 USD). –VNA
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