19:07 (GMT +7) - Tuesday 25/10/2016

Banking & Finance

HSX up while HNX down

Released at: 17:29, 19/08/2016 Stock Market Watch

HSX up while HNX down

Repeat of yesterday as markets see differing performance on August 19.

by Hung Khanh

For the second day in a row the main indexes on HSX finished higher on August 19 while those on HNX fell.

On HSX the VN-Index increased 1.62 points (0.25 per cent) and the VN30-Index 1.55 points (0.24 per cent), while on HNX the HNX-Index closed down 0.61 points (0.73 per cent) and the HNX30-Index 1.78 points (1.15 per cent).

The UpCoM Index fell by 0.49 points (0.87 per cent).

HSX saw 97 shares increasing and 125 decreasing while HNX saw 85 increasing and 112 decreasing.

Liquidity on HNX was VND399 billion ($17.89 million), 9 per cent lower than yesterday, and on HSX was VND2.59 trillion ($116.13 million), roughly the same as yesterday.

The VN-Index opened at 660.65 and quickly reached its peak of the day of 666.10 points then slipped to end the morning session at 660.39 points. In the afternoon it fell further, to 659.73 points, then gained some ground to close at 662.28 points.

VNM increased again, by 0.9 per cent, on the back of the highest trading volume on HSX, of VND509.44 billion ($22.84 million).

MSN saw the highest increase among large caps, hitting its ceiling of 6.3 per cent as demand followed its purchase of treasury stocks.

Large caps to increase included GAS, by 4 per cent, VCB 0.9 per cent and MWG 0.7 per cent.

Among banking shares on HSX, CTG, MBB and BID closed down 1.2 per cent, 0.7 per cent and 0.6 per cent, respectively, STB finished at its opening price and EIB increased 1.9 per cent.

Most large caps on HNX closed at their opening price or fell. ACB, PHP, SHB and CHP finished even while VCG was down 4.6 per cent, PVS 4.1 per cent, VCS 3 per cent and PVI 1.5 per cent. Only VNR and NTP finished higher, by 0.5 per cent and 0.1 per cent, respectively.

Foreign investors net sold strongly on HSX, by VND258 billion ($11.56 million), in particular VNM, and also net sold on HNX, by VND9 billion ($403,560).

“The market weakened while most industries are correcting but the VN-Index still increased thanks to the rise of a number of key stocks. The VN-Index not closing above 665 points and strong net selling by foreign investors are not good signs for the market. Downside risks increased again, and investors are recommended to hold a portion of their portfolio at a safe level and only increase positions if the VN-Index significantly exceeds 665 points.”

BIDV Securities

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