VCSC Daily - Stocks up, liquidity low– GAS upbeat 2Q on volume increases, BUY.
Stocks up on low liquidity, investors mull possibility of VND devaluation. Stocks overcame an early dip to gain 0.6% on the VNI and 0.4% on the HNI. However, turnover was light with only 30m shares traded on the HOSE and 16m shares traded on the HNX as retail and foreign investors alike stayed on the sidelines. Notably foreign buying activity was only 4.9% and 4% of total turnover on the HOSE and HNX respectively.