Shares rise a second day but liquidity lowest since early Feb – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

HÀ NỘI — Shares rose for a second day this week however liquidity continued to say no, exhibiting investor scepticism in regards to the market outlook within the brief time period.

On the Hồ Chí Minh Inventory Alternate, the VN-Index added 0.45 per cent to shut Wednesday at 1,459.33 factors. The southern bourse’s index additionally gained 0.45 per cent on Tuesday.

The market breadth was constructive with 273 shares rising, 155 falling and 82 closing unchanged.

Monetary shares have been the market drivers. Twelve of the 18 listed lenders on HCM Metropolis’s alternate gained worth whereas solely 4 dropped and two have been flat. Vietcombank was the largest contributor to the VN-Index with a progress of 1.7 per cent, adopted by Army Financial institution (MBB) which rose 1.6 per cent and Techcombank (TCB) elevated 0.9 per cent.

Insurance coverage corporations additionally carried out nicely with Bảo Việt Holdings (BVH), Bảo Minh Insurance coverage (BMI) and Petrolimex Insurance coverage (PGI) climbing 2 per cent every and BIDV Insurance coverage (BIC) up over 1 per cent.

Massive gainers additionally included PV Fuel (GAS), brewer Sabeco (SAB), property builders Becamex IDC Corp (BCM), Đất Xanh Group (DXG) and No Va Land Funding Group (NVL) with will increase of between 1 per cent and three.6 per cent.

Nonetheless, liquidity was drained with simply 624 million shares value VNĐ18.7 trillion (US$813 million) being traded, the bottom since February 7 and far decrease than the typical of VNĐ26.1 trillion for the reason that starting of this yr.

“The transactions have been reasonable and volatility by sectors as a complete was not giant. The truth that the VN-Index traded above the reference threshold all through right this moment is a constructive sign if considering the sophisticated scenario within the world monetary market,” market analysts wrote in vietstock.vn.

On the Hà Nội Inventory Alternate, the HNX-Index gained 0.6 per cent to finish at 446.18 factors.

Liquidity additionally decreased sharply right here with simply 83 million shares value VNĐ2.3 trillion being exchanged, down 20 per cent in each quantity and worth in comparison with the earlier session.

In response to analysts at Viet Dragon Securities JSC (VDSC), the promoting stress quickly weakened however liquidity remained at a low stage, across the 20-day common, exhibiting that the buying and selling sentiment remains to be cautious for the reason that market misplaced its assist ranges.

“It’s anticipated that the VN-Index will retest the vary of 1,460 -1,465 factors and this space would possibly put stress on the index. Due to this fact, traders nonetheless must be cautious and will reap the benefits of the market’s restoration to take earnings,” Phương Phạm, VDSC’s analyst wrote in a word.

International merchants have been web sellers on each exchanges, unloading shares value a web worth of VNĐ306 billion.— VNS