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Banking & Finance

All indexes in positive territory

Released at: 18:49, 23/03/2016 Stock Market Watch

All indexes in positive territory

Solid performance all round on March 23 as VN-Index increases by highest level in nine sessions.

by Hung Khanh

A positive March 23 was recorded by all indexes in Vietnam’s stock market, with the VN-Index increasing 3.8 points (0.67 per cent) and the VN30-Index 2.63 points (0.46 per cent) on HSX while on HNX the HNX-Index finished up 0.2 points (0.25 per cent) and the HNX-30 Index 0.83 points (0.57 per cent).

The solid performance of the VN-Index today all came in the afternoon session. After reaching a low of 570.43 points in the middle of the morning session it recovered to close at 572.81 points before lunch. Momentum was maintained during the afternoon with almost 2 points added, for the Index to close at 574.71 at the end of the day - its strongest increase for nine sessions.

While 153 shares increased, 74 decreased.

Large caps drove the market upwards, with MSN rising 2.9 per cent, GAS 2 per cent, and BID 1.7 per cent. The key share in the market, VNM, increased 0.8 per cent.

Large caps to fall over the course of the day included VCB, by 0.9 per cent, and VIC 0.2 per cent.

Among banking mid caps, STB, MBB, and EIB all closed at their opening price.

Other oil and gas shares followed GAS’s lead, with CNG rising 2.88 per cent and PGD 2.27 per cent, while ASP hit its ceiling after rising 5.26 per cent.

Finance shares were impressive too, with most increasing, including AGR, by 3.13 per cent, FIT 1.28 per cent, HCM 1.27 per cent, BSI 1.03 per cent, and SSI 0.46 per cent. OGC closed at its opening price.

On HNX the two largest banking shares - SHB and ACB - were both down, by 1.5 per cent and 0.5 per cent, respectively. Increasing large caps included PVS, up 2.4 per cent, VCG 1 per cent, and PHP 0.4 per cent.

Foreign investors net bought on both HSX and HNX, by VND64 billion ($2.86 million) and VND10 billion ($447,400), respectively.

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