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Stocks appreciate, but liquidity remains low

GBS - Shares continued to rise on February 11 and on the Hochiminh Stock Exchange, with the VN-Index adding 1.26 percent to reach 581.76 points.

The VN30 Index, tracking the 30 biggest stocks in terms of capitalisation and liquidity, also advanced by about 2 percent to 607.33 points.

Overall trading value and volume on the exchange touched 1.3 trillion VND (61 million USD) and 77.5 million shares.

On the Hanoi Stock Exchange, the HNX-Index added 1.27 percent to finish the session at 84.46 points.

The HNX30 Index, representing the performance of the bourse's top 30 blue chips, rose by 1.35 percent, reaching 163.75 points.

As investors changed hands for some 30.5 million shares, the value of transactions touched 402.4 billion VND (18.9 million USD).

The February 11 gains were quite positive, as the rally spread to a wide range of sectors. However, analysts from the BIDV Securities Company do not expect a breakthrough, because liquidity is still low.

They advocated that investors should sell shares for short-term trading purposes, as indices are hovering near resistance levels.


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