Possible to maintain high stocks-to-cash - BCI update
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Taking advantages of yesterday’s late reversal, market kept moving higher. VNIndex added 5.11 pts to close at 668.48 pts while HNIndex also slightly gained 0.34 pt to close above 83 pts. Large cap stocks such as VNM, VIC and VCB were main contributions of today gains. Indeed, VN30, which represents large cap stocks, was today best index with total upside of 0.58%. VNSML put on 0.53% while VNMID, due to strong declines of CTD, DHG, PTB and VHC, fell 0.03%. Liquidity soared with total traded volumes 190 million shares, equivalent to VND3,770 billion. Even if we exclude 5.6 million shares of MSN via put-through trading, today liquidity is still the one-month height.
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