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Banking & Finance

All indexes up again

Released at: 19:26, 17/08/2016 Stock Market Watch

All indexes up again

All close in positive territory after good day's trade on August 17.

by Hung Khanh

All main indexes on Vietnam’s stock market closed higher on August 17.

On HSX the VN-Index increased 2.4 points (0.36 per cent) and the VN30-Index 4.38 points (0.68 per cent) while on HNX the HNX-Index rose 0.31 points (0.38 per cent) and the HNX30-Index 1.07 points (0.7 per cent).

The UpCoM Index, however, fell by 0.02 points (0.04 per cent).

HSX saw 127 shares increasing and 99 decreasing while HNX saw 166 increasing and 112 decreasing.

Liquidity on HNX was VND499 billion ($22.37 million), 5 per cent lower than yesterday, and on HSX was VND2.58 trillion ($115.68 million), more or less the same as yesterday.

The VN-Index opened at 658.11 points and reached a bottom of 657.08 points in the middle of the morning session then hit its peak of 660.68 points for the day late on before easing and closing at 658.88 points. Early in the afternoon session it fluctuated then rose to 660.62 points before closing at 660.51 points.

VNM increased 1.2 per cent on the highest trading value of the day, of VND227.95 billion ($10.22 million).

Among other large caps, VCB was down 1.9 per cent while GAS, VIC, CTG, BID, MSN and BVH closed at their opening price.

Medium-large caps (the 10th to the 20th largest caps) were behind increases on HSX, as MWG rose 6.2 per cent, HPG 3.4 per cent, CTD 2.8 per cent, FPT 1.2 per cent, STB 0.9 per cent and MBB and DPM 0.7 per cent.

On HNX, falling large caps included VCG, by 2.5 per cent and ACB 0.6 per cent. Those closing higher included NTP, by 6.9 per cent, VCS 6.5 per cent, VNR 6.2 per cent, DBC 5 per cent, SHB 1.8 per cent, PHP 1 per cent and PVS 0.5 per cent.  

Foreign investors net sold strongly on HSX, by VND154 billion ($6.9 million), in particular VNM, HPG and HBC, while net buying on HNX by VND12 billion ($538,080).

“The market continued to trade sideways and rose by a slight 0.4 per cent, while liquidity remained at a high level. The market is still strongly divergent among sectors, which is an opportunity for shares recommended by BIDV Securities, such as MWG, GMD and VNR. The market may rebound in the next session to push the 665 - 668 mark. However, the market will likely maintain strong divergence among sectors, so holding shares with good cash flows such as steel, real estate and construction, pharmaceuticals, construction materials and transportation should still be a priority.”

BIDV Securities

“The market has alternate ups and downs. Foreign investors have been net sellers for four days in a row, by a total of VND643 billion. This is a risk factor that investors should monitor with caution. In subsequent sessions the index will likely move back to retest the support zone at 645-650 where investors can conduct trading as part of short-term positions that previously saw profit-taking at around 670 points.”

Bao Viet Securities

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