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Banking & Finance

HSX sees afternoon recovery

Released at: 18:05, 10/03/2016 Stock Market Watch

HSX sees afternoon recovery

Morning losses offset by solid afternoon trade on March 10.

by Hung Khanh

All indexes finished in positive territory on March 10, with the VN-Index increasing 4.2 points (0.73 per cent) and the VN-30-Index 2.52 points (0.43 per cent) on HSX while on HNX the HNX-Index finished 0.51 points (0.65 per cent) higher and the HNX30-Index 1.33 points (0.94 per cent).

The VN-Index fluctuated throughout the day, falling to 572.35 points, down almost 2 points, at the close of the morning session before recovering in the afternoon session to finish at 575.91 points as 165 shares increased and 60 decreased.

Most last caps fell in the morning, including VNM, MSN, VCB, and KDC, with the VN-Index relying on medium and small caps to stem the flow. The VNMidcap increased 0.65 per cent and the VNSmallcap 0.43 per cent by the close of morning trade.

The market then turned positive in the afternoon session, with the VN30-Index finishing up 0.43 per cent, the VNMidcap 1.28 per cent, and the VNSmallcap 1.14 per cent.

Large caps on HSX increasing today included GAS, by 1.9 per cent, BID 1.7 per cent, MBB 0.7 per cent, VCB 0.5 per cent, and HPG and FPT 0.4 per cent.

VIC rose 0.22 per cent in the morning but closed in the afternoon at the day’s opening price. VNM lost 0.76 per cent in morning trade but recovered to also close the afternoon at the day’s opening price.

Impressive performances were made by finance stocks during the afternoon, with HCM increasing 13 tick sizes, for a 4.4 per cent increase, VND 3.3 per cent, and SSI 1.7 per cent. Liquidity in the sector was also healthy, with SSI seeing VND32 billion ($1.43 million) in shares changing hands, HCM VND29.7 billion ($1.33 million), and VND VND16.6 billion ($744,510).

Smaller caps in finance heading up included CTS, by 2.86 per cent, SHS 2.78 per cent, IVS 1.66 per cent, and VDS 1.25 per cent.

On HNX, VSC closed 2.2 per cent higher, SHB 1.5 per cent, and LAS 1 per cent, while VCG lost 1 per cent and PHP 0.9 per cent, with the largest cap, ACB, losing 0.5 per cent.

Foreign investors net bought on both markets, by VND15 billion ($572,750) on HNX and VND6.5 billion ($291,525) on HSX.

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