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Banking shares take VN-Index upwards

Released at: 18:52, 10/05/2016 Stock Market Watch

Banking shares take VN-Index upwards

Better day for HSX on May 10 while HNX returns to negative territory.

by Hung Khanh

On HSX on May 10 the VN-Index increased 1.2 points (0.2 per cent) and the VN30-Index 0.32 points (0.05 per cent) while on HNX the HNX-Index fell 0.2 points (0.25 per cent) and the HNX30-Index 0.47 points (0.33 per cent).

Eighty-five shares increased on HSX and 120 decreased while on HNX 135 increased and 162 decreased.

The VN-Index spent most of the morning’s trade around 600 points until the session neared its close, when it jumped to 605.36 points before easing and closing at 602.46 points. At the start of the afternoon session it eased further before recovering to peak at 605.39 points before closing at 605.05 points.

Banking shares took the market upwards, with all large caps closing higher, except MBB. BID and EIB increased 2.8 per cent, VCB 1.2 per cent, STB 1 per cent and CTG 0.6 per cent, while MBB fell 0.7 per cent.

VIC and GAS closed at their opening price.

Large caps HPG, which was down 1.2 per cent, and VNM, down 0.7 per cent, put a brake on the market.

Banking shares increased significantly but on low liquidity. BID saw some VND67 billion ($3 million) changing hands, CTG VND29.5 billion ($1.32 million), and VCB VND26 billion ($1.16 million).

Shares with the highest liquidity fell, including HPG, with trade of VND165 billion ($7.4 million) and closing down 1.2 per cent, SBT with VND128 billion ($5.72 million) and down 3.7 per cent, and VNM with VND61 billion ($2.73 million) and down 0.7 per cent.

On HNX, large caps PHP and PVI increased, by 1.4 per cent and 0.4 per cent, respectively. VCS, meanwhile, closed 1.4 per cent lower and PVS and ACB 0.6 per cent, slowing the market in the process.

Foreign investors net bought on HSX by some VND70 billion ($3.14 million) and on HNX by some VND6 billion ($269,160).

Photo: TVSI

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