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Banking & Finance

Indexes down after tough afternoon

Released at: 18:40, 21/03/2016 Stock Market Watch

Indexes down after tough afternoon

Morning peak on March 21 gives way to declines during afternoon trade.

by Hung Khanh

All indexes fell on March 21, with the VN-Index down 3.55 points (0.62 per cent) and the VN30-Index down 2 points (0.34 per cent) on HSX while on HNX the HNX-Index finished the day down 2 points (0.34 per cent) and the VN30-Index 0.99 points (0.69 per cent).

The VN-Index reached a peak of 580.69 points at the beginning of the morning session but then continually headed downwards to close the day at 572.27 points, a fall of 0.62 per cent against the morning’s opening, 0.87 per cent down against the afternoon’s opening, and 1.5 per cent against the morning peak.

VIC increased 2.49 per cent overall but was down three tick sizes in the afternoon against the morning. VCB increased 0.94 per cent, but fell seven tick sizes in afternoon trade.

The largest cap, VNM, finished down 2.2 per cent and three tick sizes lower in the afternoon, while GAS fell 2.6 per cent and three tick sizes in the afternoon.

Among banking shares, large caps such as VCB finished up 0.9 per cent while CTG and BID closed at their opening price and MBB was down 0.7 per cent.

On HNX most large caps fell, including PVI, by 2.3 per cent, VCG 1.9 per cent, PVS 1.8 per cent, SHB 1.5 per cent, and ACB 0.5 per cent. SQC and PHP closed at their opening prices. NTP fell 4 per cent, VNR 2.7 per cent, and VCS 2.2 per cent, but these shares have little impact on the market.

Foreign investors net sold on HSX, by some VND19 billion ($852,150), while net buying on HNX by some VND14 billion ($627,900).

Photo: TVSI

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