08:01 (GMT +7) - Monday 22/10/2018

Banking & Finance

May 25: Liquidity in order matching at 2018 low

Released at: 15:30, 25/05/2018 Stock Market Watch

May 25: Liquidity in order matching at 2018 low

Chart from TVSI

Difficult morning trade on Vietnam's stock market.

by My Van

Liquidity in order matching reached a record low for this year on May 25, with the country’s two exchanges matching only VND1.6 trillion ($70.2 million).

Trading volume was down 11 per cent compared to yesterday, of which VHM accounted for 6.2 per cent. It was also the only stock in the matching market, with VND100 billion ($4.3 million) in value. The VN30-Index also saw low liquidity of VND807.8 billion ($35.45 million).

Of just a few gainers, VIC was up 0.86 per cent, HPG 0.95 per cent, and BVH 1.51 per cent.

The VN-Index closed down 0.4 per cent, with 109 gainers and 148 losers. The VN30-Index shed 0.71 per cent as 15 stocks lost ground and only ten increased.

GAS fell 1.01 per cent, VJC 4.96 per cent, ROS 2.92 per cent, PLX 1.27 per cent, and MSN 1.18 per cent. Outside of the VN30 basket, HDB lost 1.13 per cent, VPB 1.59 per cent, and VRE 1.61 per cent.

The HNX-Index was supported by ACB, which rose 0.73 per cent, while CAG traded 100 shares at a ceiling price 9.76 per cent higher. PVS fell 6.74 per cent and VCG 0.57 per cent. The Index fell 0.11 per cent in the morning session, with 53 gainers and 86 losers, while the HNX30 fell 0.9 per cent as 15 stocks fell and seven increased.

Morning trade saw a small decline early on but then recovered despite the poor liquidity. Momentum was driven by large caps such as VHM and VIC.

Foreigners were net sellers on both HNX and HSX in the morning session

User comment (0)

Send comment