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Beer and milk sink VN-Index

Released at: 19:09, 20/12/2016 Stock Market Watch

Beer and milk sink VN-Index

VNM and SAB drag VN-Index down on December 20 for largest daily loss for five months.

by Hung Khanh

All main indexes on Vietnam’s stock markets fell on December 20.

On HSX the VN-Index was down 11.67 points (1.73 per cent) and the VN30-Index 7.11 points (1.14 per cent), while on HNX the HNX-Index lost 0.17 points (0.22 per cent) and the HNX30-Index 0.66 points (0.46 per cent).

The VNAll-Index was down 5.73 points (0.61 per cent), the UPCoM Index 0.14 points (0.25 per cent), the VNMid Index 3.95 points (0.49 per cent), and the VNSml Index 3.29 points (0.43 per cent).

HSX saw 91 shares increase and 158 decrease while HNX saw 102 increase and 128 decrease.

Liquidity on HNX was VND244 billion ($10.72 million), 25 per cent lower than yesterday, and on HSX was VND1.88 trillion ($82.6 million), down 24 per cent.

The VN-Index opened at 674.33 points and headed downwards from the beginning and closed the morning session at 667.7 points and the day’s trade at 662.66 points, for its biggest loss since August.

VNM - the highest cap on HSX - was down all day and lost 3.3 per cent on trade of VND380 billion ($16.7 million), the highest on HSX. SAB lost 7 per cent on trade of VND81.5 billion ($3.6 million), for 13 per cent in the last two days, equal to some VND18 trillion ($791 million) in capitalization. The declines in VNM and SAB shaved 1.06 per cent off the VN-Index.

Among other shares in food and beverages, MSN and KDC were down 2.5 per cent and 1.7 per cent, respectively, while SBT and VHC gained 2.7 per cent and 0.9 per cent, respectively.

ROS again saw high trade, of VND283 billion ($12.43 million), and rose 0.8 per cent.

In banking, most stocks closed down: EIB by 2.1 per cent, VCB 0.6 per cent, CTG 0.3 per cent and STB 0.2 per cent. MBB was up 0.4 per cent while BID closed at its opening price.

In energy, despite its outstanding business performance, which exceeded targets, the price of GAS was down 2 per cent. CNG also lost 1.1 per cent while PGD increased 3.2 per cent.

In other large caps on HSX, BVH lost 3.6 per cent, HPG 0.5 per cent and HSG 0.3 per cent, while MWG rose 2.4 per cent.

Among large caps on HNX, ACB and VCS closed at their opening price and VCG shed 2.1 per cent, PHP and PVS 1.2 per cent, NTP 0.6 per cent and PVI 0.4 per cent. SHB and PLC increased 2.1 per cent and 1.1 per cent, respectively.

Foreign investors net sold on HSX by VND158 billion ($6.94 million), with net selling in VNM of VND125 billion ($5.5 million), while net buying on HNX by VND200 million ($8,788).

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