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Banking & Finance

Foreign investors lend VN-Index a hand

Released at: 18:31, 25/03/2016 Stock Market Watch

Foreign investors lend VN-Index a hand

Day of fluctuation in VN-Index ends on high note thanks in large part to net buying by foreign investors.

by Hung Khanh

The market on March 25 saw increases on HSX and falls on HNX, as the VN-Index rose 1.42 points (0.25 per cent) and the VN30-Index 0.93 points (0.16 per cent) while the HNX-Index finished down 0.5 points (0.62 per cent) and the HNX30-Index 1.4 points (0.98 per cent).

The HSX fluctuated at times, with the VN-Index reaching a peak of 572.21 points in the middle of morning session before bottoming out at 565.18 points in the middle of the afternoon and then closing at 572.08 points.

Its strong recovery was down to good performances from a number of blue chips, as VCB rose 2.89 per cent, MSN 2.78 per cent, BID 2.37 per cent, VIC 2.22 per cent, GAS 1.12 per cent from their lowest points during the day.

Over the course of the day’s trade VCB increased 1.7 per cent, VIC 1.6 per cent, MSN, MBB, and HPG 0.7 per cent, BID 0.6 per cent, and GAS 0.2 per cent, while VNM fell 0.7 per cent.

Foreign investors played a significant role during the day, with VIC seeing net buying of VND24 billion ($1.07 million), or 50 per cent of its total liquidity. VCB saw VND16 billion ($716,640) in net buying, with foreign investors accounting for over 45 per cent. Strong net buying by foreign investors in MBB, BID, VNM, and GAS put them among the shares with the highest liquidity in the market.

In total, foreign investors net bought on HSX by some VND140 billion ($6.27 million) and some VND8 billion ($380,715) on HNX, on total trade of VND192.9 billion ($8.63 million).

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