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HNX-Index alone in rising

Released at: 18:15, 24/02/2017 Stock Market Watch

HNX-Index alone in rising

Mixed day's trade for two markets on February 24.

by Hung Khanh

The HNX-Index was the only main index on Vietnam’s stock market to finish in positive territory on February 24.

On HSX, the VN-Index fell 2.4 points (0.33 per cent) and the VN30-Index 5.61 points (0.84 per cent). The VNMid-Index increased 2.87 points (0.33 per cent) and the VNSml-Index 0.64 points (0.08 per cent).

On HNX, the HNX-Index rose 0.05 points (0.06 per cent) while the HNX30-Index fell 0.14 points (0.09 per cent). The UPCoM-Index increased 0.43 points (0.78 per cent) and the VNALL-Index shed 3.52 points (0.35 per cent).

HSX saw a 104 point increase followed by a 152 point decrease while HNX saw a 131 point increase followed by a 154 point decrease.

Liquidity on HSX reached VND3.57 trillion ($156.43 million), 5 per cent higher than yesterday, and on HNX was VND483 billion ($21.16 million), 21 per cent higher.

The VN-Index opened at 716.9 points and quickly increased to its peak of the day of 717.8 points early on before falling and closing the morning session at 714.3 points. In the afternoon it eased to 713.9 points then recovered to 716.5 points mid-session before falling and closing the day at 714.47 points.

In food and beverages, only VNM increased, by 1.23 per cent, while SAB closed at its opening price and KDC lost 4.1 per cent, BHN 1.8 per cent, MSN 1.2 per cent and SBT 0.2 per cent.

CTG was the only banking share to increase, by 0.8 per cent, while BID closed at its opening price. STB hit its floor in falling 6.8 per cent, while EIB lost 0.9 per cent, VCB 0.4 per cent, and MBB 0.35 per cent.

In energy, GAS lost 2.1 per cent and CNG 0.8 per cent while PGD closed at its opening price.

In real estate, FLC and DXG rose 4.7 per cent and 0.3 per cent, respectively, VIC closed at its opening price, and KBC lost 2.1 per cent, NVL 0.9 per cent and KDH 0.5 per cent.

Among other large caps on HSX, BVH and HPG fell 1.2 per cent and 0.4 per cent, respectively, and MWG increased 0.4 per cent.

ROS was the highest traded share on HSX, with VND470 billion ($20.6 million) changing hands as it rose 0.8 per cent in price. FLC followed, with VND350 billion ($15.3 million). The largest cap, VNM, saw trade of VND173 billion ($7.6 million).

On HNX, PIV increased 6.7 per cent, PGS 3.9 per cent, CVT 2.8 per cent, and ACB 0.4 per cent. PVS closed at its opening price and SHB lost 2 per cent, NTP 1.4 per cent and VCG 1.3 per cent.

Foreign investors net bought on HSX by VND67 billion ($2.9 million) and on HNX by VND3 billion ($131,490).

The market’s movement was under pressure from strong profit-taking action. Surging groups, like banks, construction, and construction materials continued to retreat. Technical retreats have been seen while the VN-Index needs to accumulate around the support range of 710-715 points. The market’s pillar is associated with high liquidity. Today saw more than 231 million shares traded, close to record levels. Overall, market risk is in the safety area, which raises opportunities for further disbursement whenever the market retreats. Therefore, we recommend additional purchases as the VN-Index comes back to its support range of 710-715 points.

KIS Vietnam Securities Corporation

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