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Banking & Finance

HSX and HNX trade places

Released at: 20:21, 29/07/2016 Stock Market Watch

HSX and HNX trade places

Markets perform the opposite of previous day on July 29.

by Hung Khanh

July 29 was a mirror image of yesterday for Vietnam's two markets, with the HSX falling and the HNX rising.

On HSX the VN-Index fell 4.91 points (0.75 per cent) and the VN30-Index 5.16 points (0.8 per cent) while on HNX the HNX-Index closed 0.2 points (0.23 per cent) higher and the HNX30-Index 0.23 points (0.15 per cent).

The UpCoM Index increased by 0.19 points (0.35 per cent).

HSX saw 97 shares increasing and 119 decreasing while HNX saw 150 increasing and 130 decreasing.

Liquidity on HNX reached VND465 billion ($20.85 million), down 10 per cent against yesterday, and on HSX was VND2.03 trillion ($91.04 million), down 9 per cent.

The VN-Index opened at 657.14 points and then quickly slid to 652.56 points before peaking at 657.57 points then heading down to 653.92 points and then recovering to close the morning session at 655.60 points. At the beginning of the afternoon session it rose to 656.76 points then fell to 651.16 points before recovering to close at 652.23 points.

It was a bad day for banking shares on HSX, with VCB and MBB down 1.8 per cent and 0.7 per cent, respectively, with CTG, BID and EIB closing at their opening price. EIB was the only banking share to finish in positive territory, rising 0.9 per cent.

Oil and gas shares fared better, with GAS and PGD both increasing 0.9 per cent while CNG and ASP closed at their opening price.

Other large caps on HSX to fall included MSN, by 3 per cent, VIC 2.9 per cent, VNM 1.2 per cent and HPG 0.2 per cent.

Large caps on HNX to increase included VCG, by 2.1 per cent, VCS 1.5 per cent, NTP 1.2 per cent, ACB 1.1 per cent and PVI 0.4 per cent. SHB, DBC, PHP and VNR closed at their opening price while PVS lost 1.2 per cent.

Foreign investors net bought on HSX by some VND61 billion ($2.73 million), primarily HPG, where they net bought by VND128 billion ($5.74 million), and on HNX by some VND13 billion ($583,050).

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