Shares rose on the HCM Stock Exchange on Friday, led by banks but liquidity remained low on weak market sentiment.(Photo nld.vn) Hanoi (VNA) - Shares rose on the Ho Chi Minh Stock Exchange on October 5, led by banks but liquidity remained low on weak market sentiment.
The benchmark VN Index gained 0.32 percent to close at 807.80 points, rebounding from a drop of 0.05 percent on the previous day.
It recovered after losing 0.17 percent to reach the intraday low level of 803.81 points.
The VN Index has made a weekly increase of 0.4 percent.
Nearly 133 million shares were traded on the southern market, worth 2.7 trillion VND (120 million USD), down 10.4 percent in volume and a fifth in value compared to the previous session.
Market breadth was balanced with 120 gaining stocks, 123 losing ones and 76 ending flat.
The VN30 Index, which tracks the performance of the top 30 stocks by market capitalisation and trading liquidity, was up 0.38 percent to 800.42 points.
Bank stocks lifted the VN30 up as they occupied four of the seven best-performing stocks in the VN30.
The highest gaining bank stocks were MBBank (MBB), Sacombank (STB), Vietinbank (CTG) and Vietcombank (VCB).
Shares of the four banks were up 4.5 percent, 1.7 percent, 1.1 percent and 0.9 percent, respectively.
Investor sentiment was also supported by foreign investors, whose net sell value dropped sharply to 1.36 billion VND from October 5’s value of 286.3 billion VND.
According to BIDV Securities Co (BSC), trading focused on banks, real estate firms and construction companies and large-cap stocks that were supported by expectations for good third-quarter reports.
However, trading liquidity fell and the number of losing stocks exceeded gaining ones, showing that investors were still cautious and unwilling to join trading, BSC said in its daily report.
On the Hanoi Stock Exchange, the HNX Index was up 0.95 percent to end at 107.98 points. It fell 0.44 percent on the previous day.
The northern market index increased marginally by 0.3 percent from the previous week’s closing level.
More than 51.7 million shares were exchanged on the northern bourse, worth 655 billion VND. – VNA
