6PM Call: Significant drop in trading turnover - DHA update
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Market rose pretty well in the morning before down slightly in late afternoon. The diversion continued to take place, but mainly between sectors rather than between stocks in the same sector as it used to. While steel stocks continued to decline, along with rubber, fertilizer, seaport, and cement stocks, Oil & Gas and Banking stocks stepped up and took the lead today. Thanks to those 2 sectors, VN-Index rose by 0.42% to 687.04 points, while the HNX-Index also increased by 0.55% to 85.53 points. Market breadth slightly improved with 130 gainers and 101 losers. Basically, almost everything is normal, liquidity remained stable, with the only exception being trading turnover. Turnover value on 2 exchanges was only VND 2,425 billion, significant decreased (-27%) compared to yesterday. For foreigners, after 2 net selling session, their trading was quite balance today.
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