Liquidity returns to be lifeblood of market

March 29, 2011 | 15:00

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Liquidity headed north today, with Hanoi bourse volumes sky-rocketing.

Trading volumes on the Hanoi Stock Exchange jumped 125 per cent to 63.36 million shares. Value added 107 per cent to VND854 billion ($41.3 million).

Investors bailed out on securities company shares due to their losses, among them Kim Long Securities (KLS) and Bao Viet Securities (BVS).

Major stocks largely fell on the northern bourse, pushing the HNX-Index down 1.13 points or 1.21 per cent to 91.94 points.

At the close, 217 stocks gave back, 58 were up and 108 unchanged.

On the Ho Chi Minh Stock Exchange (HoSE), 36.12 million shares worth VND894.13 billion ($43.2 million) were traded, up 37 per cent and 33 per cent respectively against the previous session.

Also, foreigners slightly increased their buying to 2.22 million shares, focused on Hoang Anh Gia Lai (HAG) and Vietinbank (CTG).

Much of the bourse fell to the low prices, with some 165 stocks down compared with just 61 up. At the close, the benchmark VN-Index shed 1.64 points, or 0.36 per cent, to close at 457.88 points.

Several large-cap stocks however slightly rose, with PetroVietnam Fertiliser (DPM) adding 0.28 per cent, Sacombank (STB) 0.71 per cent, Vincom Corp. (VIC) 2.46 per cent and Vinpearl (VPL) up 1.61 per cent.

Eximbank (EIB), Masan Group (MSN) and Vietcombank (VCB) ended flat. Hoang Anh Gia Lai (HAG) and Bao Viet Holding (BVH) slightly fell.

By Hai Linh

vir.com.vn

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