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Banking & Finance

Decline continues in afternoon stock market

Released at: 18:48, 16/11/2015 Stock Market Watch

Decline continues in afternoon stock market

Market fall in morning session continues into afternoon session.

by Hung Khanh

At the close of the afternoon session on November 16 the VN-Index had fallen 2.06 points (0.34 per cent) to 609.21 points since opening. At the Ho Chi Minh City Stock Exchange (HSX), 101 stocks increased, 137 decreased, and 72 remained the same. Total trading in the afternoon session was 137,771,821 shares, with a value of over VND 2.73 trillion ($121.62 million).

At the Hanoi Stock Exchange (HNX) the HNX-Index fell 0.52 points (0.64 per cent) to 81.05 points. Eighty-two stocks increased, 102 decreased, and 188 remained the same. Total trading was 51,412,332 shares, valued at VND500 billion ($22.27 million).

In the afternoon session both markets were in negative territory, with a number of blue chips declining. Oil stocks such as GAS, PVD, PGS, PVC and others fell, with PVC falling the most, by VND700 ($0.03), to VND17,900 ($0.8) per share.

Other blue chips such as VIC, BVH, VND, and VCB also headed downwards.

Some of the companies on the State Capital Investment Corporation’s list of shares where divestment is encouraged, meanwhile, were in positive territory. VNM increased VND3,000 ($0.13) to VND140,000 ($6.24) per share, NPT VND2,700 ($0.12) to VND65,000 ($2.90), NPT VND2,700 ($0.12) to VND65,000 ($2.90), and BMP VND5,000 ($0.22) to VND138,000 ($6.15).

Foreign investors sold VND61 billion ($2.71 million) on HNX and VND59.3 billion ($2.63 million) on the VN30. They bought VND25.2 billion ($1.12 million) via put through trading, and VND2.7 billion ($120,285) in total.

The afternoon session saw unpredictable trading of MSN shares, totaling VND102.2 billion ($4.55 million), or 11.2 per cent of all matching orders at HSX and 22 per cent in the VN30. Foreign investors sold VND123 billion ($5.47 million) in MSN shares.

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