Vn-Index declines as HoSE’s new system starts operation
The trading system went smoothly without any crash as liquidity reached VND28 trillion (US$1.22 billion) at the close, slightly up from previous sessions.
The trading system went smoothly without any crash as liquidity reached VND28 trillion (US$1.22 billion) at the close, slightly up from previous sessions.
Compared to the same period of last year, liquidity surged a whooping of 291.04% in transaction volume and 334% in value.
Given abundant liquidity and low demand for credit, banks are offering attractive loans during the year-end period.
The average liquidity for a trading session in the first half of 2020 rose 24% year-on-year to VND5.8 trillion (US$250 million).
Foreign indirect investment will continue to increase this year and the interest will shift gradually from the bond channel to the stock market.
Tight liquidity is considered the main reason for difficulty that any investor who would like to take advantage of the country’s economic growth is facing.