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 Exchangeon October 5, led by banks but liquidity remained low on weak market sentiment.
The benchmark VN Index gained 0.32 percentto close at 807.80 points, rebounding from a drop of 0.05 percent on theprevious day.
It recovered after losing 0.17 percentto reach the intraday low level of 803.81 points.
The VN Index has made a weeklyincrease of 0.4 percent.
Nearly 133 million shares weretraded on the southern market, worth 2.7 trillion VND (120 million USD), down10.4 percent in volume and a fifth in value compared to the previous session.
Market breadth was balanced with 120gaining stocks, 123 losing ones and 76 ending flat.
The VN30 Index, which tracks theperformance of the top 30 stocks by market capitalisation and tradingliquidity, was up 0.38 percent to 800.42 points.
Bank stocks lifted the VN30 up asthey occupied four of the seven best-performing stocks in the VN30.
The highest gaining bank stocks wereMBBank (MBB), Sacombank (STB), Vietinbank (CTG) and Vietcombank (VCB).
Shares of the four banks were up 4.5percent, 1.7 percent, 1.1 percent and 0.9 percent, respectively.
Investor sentiment was alsosupported by foreign investors, whose net sell value dropped sharply to 1.36billion 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 companiesand large-cap stocks that were supported by expectations for good third-quarterreports.
However, trading liquidity fell andthe number of losing stocks exceeded gaining ones, showing that investors werestill cautious and unwilling to join trading, BSC said in its daily report.
On the Hanoi Stock Exchange, the HNXIndex was up 0.95 percent to end at 107.98 points. It fell 0.44 percent on theprevious day.
The northern market index increasedmarginally by 0.3 percent from the previous week’s closing level.
More than 51.7 million shares wereexchanged on the northern bourse, worth 655 billion VND. – VNA
