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All indexes gain ground

Released at: 18:43, 21/02/2017 Stock Market Watch

All indexes gain ground

Food & beverages and real estate lead VN-Index upwards on February 21.

by Hung Khanh

All main indexes on Vietnam’s stock market closed higher on February 21.

On HSX, the VN-Index increased 5.96 points (0.84 per cent), the VN30-Index 3.96 points (0.59 per cent), the VnMid-Index 3.99 points (0.46 per cent), and the VNSml-Index 8.63 points (1.08 per cent).

On HNX, the HNX-Index closed 0.33 points (0.38 per cent) higher, the HNX30-Index 0.51 points (0.32 per cent), the UPCoM-Index 0.23 points (0.42 per cent), and the VNALL-Index 6.56 points (0.65 per cent).

HSX saw a 164 point increase followed by a 104 point decrease while HNX saw a 149 point increase followed by a 101 point decrease.

Liquidity on HSX reached VND3.3 trillion ($114.5 million), down 6 per cent compared to yesterday, and on HNX was VND470 billion ($20.5 million), 2.6 per cent lower.

The VN-Index opened at 710.59 points and rose to 714.4 points early on before falling slightly and then increasing to 716.8 points mid-session. It then gradually slipped and finished the morning at 714.8 points. In the afternoon it gradually increased to its peak of the day of 718 points mid-session before falling and closing the day’s trade at 716.55 points.

All large caps in food and beverages finished higher, with BHN increasing 5.4 per cent, MSN 1.3 per cent, KDC 0.9 per cent, SAB 0.7 per cent, and VNM and SBT 0.2 per cent.

In banking, EIB rose 1.9 per cent, VCB 1.2 per cent, and BID 0.6 per cent, while MBB closed at its opening price and STB lost 1.8 per cent and CTG 1.1 per cent.

In energy, GAS gained 1.2 per cent, PGD lost 0.8 per cent, and CNG closed at its opening price.

All large caps in real estate closed higher: NVL by 4.6 per cent, KDH 3.7 per cent, VIC 2.5 per cent and FLC 2.4 per cent.

Among other large caps on HSX, HPG increased 0.6 per cent and MWG 0.3 per cent while BVH lost 0.8 per cent.  

ROS returned to being the highest traded share on HSX, with VND410 billion ($17.9 million) changing hands as it rose 0.7 per cent in price. HPG followed, with VND181 billion ($7.92 million). The largest cap, VNM, saw trade of VND106 billion ($4.64 million).

On HNX, ACB and VCS closed at their opening price, SHB and PHP increased 2 per cent and 0.6 per cent, respectively, while PVS shed 1.5 per cent, VCG 1.2 per cent, NTP 0.8 per cent, and PVI 0.4 per cent.

Foreign investors net bought on HSX by VND190 billion ($8.32 million) and on HNX by VND889 million ($38,938).

 

The market’s movement was similar to yesterday, as property developers led gains and took the market upwards. Liquidity increased as money spread out widely and mid- and small-caps continued the recent uptrend. Foreign investors net bought by large amounts, especially in blue-chips. Our technical indicators support solid upward momentum, specifically ADX (14) reaching 36 points. Therefore, we have upgraded our targets for the VN-Index and HNX-Index to 730-735 and 89.5-90 points. However, profit-taking pressure may increase and cause significant fluctuations, which will push up short-term risk. We still recommend investors keep a high weight of stocks, especially in real estate, construction and oil and gas. No chasing action should be undertaken.

KIS Vietnam Securities Corporation

 

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