- A rule of thumb is to not buy more than 20% of average daily turnover (ADTO) in a stock in a single day to avoid moving the price
- An ADTO of US$0.5m would then allow for buying US$100,000 worth of shares in a single day
- At cutoff 3-month ADTO of US$0.5m, only 80 stocks or 10% are liquid in Vietnam with an average market cap of US$1.4bn
- While Vietnam has become a hot and interesting market with about 800 listed stocks, virtually 90% of stocks have almost no trading
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