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Banking & Finance

HSX up after impressive afternoon

Released at: 19:01, 16/03/2016 Stock Market Watch

HSX up after impressive afternoon

All markets up on March 16 with HSX doing better than HNX.

by Hung Khanh

The stock markets had a very positive day on March 16 as all indexes finished higher. On HSX the VN-Index increased 3.03 points (0.53 per cent) and the VN30-Index 0.77 points (0.13 per cent), while on HNX the HNX-Index finished 0.37 points (0.46 per cent) higher and the HNX30-Index 0.68 points (0.48 per cent) higher.

A positive afternoon on the VN-Index saw it rise to 577.07 points at the close of the day’s trade, only slightly lower than its mid-afternoon peak of 577.68 points and 2.33 points higher than at the close of the morning session.

HSX saw 130 shares increase and 97 decrease.

The most impressive riser was VCB, which increased nine tick sizes in the afternoon and closed up 2.9 per cent on trade of some VND80 billion ($3.58 million); the third largest for the day. The second largest cap on HSX therefore contributed the most to the day’s increase in the VN-Index.

In banking, BID increased 1.1 per cent, while CTG and MBB closed at their opening price.

Other large caps helping the market upwards included BVH and GAS, which rose by 0.9 per cent, and VNM 0.7 per cent.

The highest liquidity was seen in FLC shares, totaling some VND130 billion ($5.83 million). As a small cap, however, it had little influence on the market despite closing 4.5 per cent higher.

The second largest liquidity for the day was seen in SBT shares, with some VND104 billion ($4.66 million) changing hands, 20 per cent of which was trade by foreign investors.

On HNX the HNX-Index gained just a little due to large caps such as ACB, PVS, SHB, and SQC closing at their opening price. Large caps heading up included VCS, by 8 per cent, VCG 1 per cent, PLC 0.9 per cent, and NPL 0.2 per cent.

Foreign investors net bought on HSX by some of VND6 billion ($269,000) and net sold on HNX by VND579.9 million ($26,000).

Photo: TVSI

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