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Banking & Finance

HNX ends six days of decline

Released at: 19:01, 09/08/2016 Stock Market Watch

HNX ends six days of decline

Hanoi market finally in positive territory after nearly a week of falls.

by Hung Khanh

The HNX-Index increased 0.68 points (0.84 per cent) on August 9 and the HNX30-Index 1.89 points (1.3 per cent), bringing to an end six consecutive days of decline on HNX.

On HSX the VN-Index closed up 7.88 points (1.25 per cent) and the VN30-Index 6.78 points (1.10 per cent), marking a good day all round for the country’s main indexes.

The UpCoM Index increased by 0.92 points (1.7 per cent).

HSX saw 153 shares increasing and 57 decreasing while HNX saw 151 increasing and 102 decreasing.

Liquidity on HNX was VND417 billion ($18.69 million), 30 per cent higher than yesterday, and on HSX was VND1.79 trillion ($80.26 million), 26 per cent higher.

The VN-Index opened at 629.46 points and had reached 634.18 points by the middle of morning trade before easing to 632.67 points then recovering lost ground and more to close at 636.91 points. In the afternoon session it fluctuated around 636 points before closing out the day strongly and finishing at 637.34 points.

Most large caps on HSX increased, in particular its largest cap, VNM, which closed up 2.5 per cent.

VIC also increased, by 1.7 per cent.

Among banking shares on HSX, only VCB closed higher, by 1.92 per cent, while MBB closed at its opening price and STB fell 1.8 per cent, CTG 1.7 per cent, EIB 0.9 per cent and BID 0.6 per cent.

In oil and gas, GAS and CNG finished 1.65 per cent and 0.8 per cent higher, respectively, while PGD was down 2.9 per cent and ASP closed at its opening price.

ACB, PHP and SHB closed at their opening price on HNX. PVS increased 6.7 per cent, VCS 4.9 per cent, PVI 1.6 per cent and VCG 0.7 per cent, while PTI closed down 1.2 per cent, CHP 0.5 per cent and VNR 0.5 per cent.

Foreign investors net sold on HSX by VND120 billion ($5.38 million) and net bought on HNX by VND16 billion ($717,440).

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