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Banking & Finance

HSX & HNX have differing days

Released at: 19:42, 09/03/2016 Stock Market Watch

HSX & HNX have differing days

HSX falls and HNX rises as markets experience dissimilar days on March 9.

by Hung Khanh

HSX and HNX performed quite differently on March 9, with the VN-Index falling 3 points (0.52 per cent) and the VN30-Index 1.29 points (0.22 per cent) on the former while on the latter the HNX-Index increased 0.25 points (0.32 per cent) and the HNX30-Index 0.5 points (0.36 per cent).

The VN-Index reached a peak of 576.25 points in the middle of the morning session before heading downwards over the remainder of the day, closing at 571.71 points.

Banking was largely responsible, with its three largest caps all down in the afternoon. BID, CTG, and VCB all fell two tick sizes to close 2.25 per cent, 1.69 per cent, and 0.48 per cent lower at the end of the day.

Among other large caps, BVH finished down 2.8 per cent, GAS 1.7 per cent, and HPG 1.4 per cent, while VNM, STB, DPM, and FPT closed at their opening price. Increasing large caps included MSN and MBB, both by 0.7 per cent, and VIC 0.2 per cent, but all fell against the morning session.  

On HNX, ACB contributed the most to the rising HNX-Index, finishing 2.11 per cent higher after increasing 1.58 per cent in the morning session.

Market liquidity in the afternoon was low, with only VND1 trillion ($44.85 million) changing hands, a decline 20 per cent against the previous afternoon.

Foreign investors net sold on both markets, by VND48 billion ($2.15 million) on HSX and VND9 billion ($403,650) on HNX.

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