Energy shares boost bourses despite low liquidity

More than 210.2 million shares worth over 5.75 trillion VND (253 million USD) were traded on both local exchanges on May 7. 

Illustrative photo (Photo: VNA)

Illustrative photo (Photo: VNA)

The benchmark VN-Index on the HCM Stock Exchange (HOSE) increased 35.46 points to 1,062.26 points. Trading volume reached over 155.1 million shares, equivalent to more than 4.92 trillion VND (216.48 million USD). 

Meanwhile, the HNX-Index on the Hanoi Stock Exchange (HNX) inched up 3.98 points to end at 126.55 points. Over 55.1 million shares valued at some 831.5 billion VND (16.8 million USD) were traded on the bourse on the day. 

Blue chips dominated the market with stocks in the oil and gas, banking and securities sectors posting good increases. 

Among stocks in the VN30, which measures the performance of 30 stocks with the highest market capitalisation and liquidity on the HOSE, there were 28 gainers, one declining and one ended flat. 

Although many groups of stocks progressed, domestic investors remained cautious, pulling liquidity down. Meanwhile, foreign investors were net sellers on the two exchanges. 

On the HOSE, foreign investors sold more than 7.66 million shares with a net value of more than 374 billion VND (32.2 million USD), focusing on stocks of  Vietcombank (VCB), Vingroup (VIC), and Vietjet Aviation Joint Stock Company (VJC). 

On the HNX, they posted a net sell value of over 78.3 billion VND (3.4 million USD) from more than 5.91 million shares.


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