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Banking & Finance

HSX recovers lost ground

Released at: 19:19, 27/06/2016 Stock Market Watch

HSX recovers lost ground

HSX fares better on June 27 as HNX-Index closes a touch down.

by Hung Khanh

Indexes on HSX increased slightly on June 27 while those on HNX had a mixed day, as Vietnam’s stock market joined others worldwide in grappling with the fallout from the Brexit vote in the UK.

The VN-Index increased 0.5 points (0.08 per cent) and the VN30-Index 1.73 points (0.28 per cent) on HSX while the HNX-Index closed down 0.09 points (0.1 per cent) and the HNX30-Index increased 0.44 points (0.29 per cent) on HNX.

The UpCoM Index fell, by 0.26 points (0.46 per cent).

HSX saw 76 shares increase and 149 decrease while HNX saw 145 increase and 144 decrease.

Liquidity was back to what is considered normal, with some VND1.7 trillion ($76.07 million) changing hands on HSX and VND494 billion ($22.1 million) on HNX.

The VN-Index went down from the outset and bottomed out at 608.75 points before recovering to 618.39 points and closing the morning at 613.27 points. The afternoon session saw a strong recovery, with the index closing at 621.27 points.

Oil and gas shares led the recovery. GAS had a tough morning, losing 3.3 per cent in the middle of morning trade but then closed 0.8 per cent higher overall. PVD increased 2.3 per cent on the fifth-highest liquidity on HSX.

Other large caps to increase included VIC, by 3.3 per cent, BVH 1.7 per cent, FPT 0.7 per cent and HPG 0.5 per cent.

Not surprisingly, banking shares didn’t fare quite so well, with VCB down 1.3 per cent and BID 1.1 per cent. CTG, MBB, STB closed at their opening price and EIB was the only bank to finish in positive territory, increasing 0.9 per cent.

On HNX, large caps to increase included PTI, by 3 per cent, SHB 1.6 per cent, VCG 0.8 per cent and PVI 0.4 per cent.

Falling large caps included PHP, by 3.8 per cent, NTP 3.5 per cent, DBC 2.2 per cent, VCS 2 per cent, and ACB 0.5 per cent.

PVS closed at its opening price.

Foreign investors net bought on both markets, by some VND16 billion ($716,000) on HSX and VND51 billion ($2.28 million) on HNX.  

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