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Banking & Finance

Indexes down for fourth consecutive day

Released at: 18:38, 25/07/2016 Stock Market Watch

Indexes down for fourth consecutive day

Liquidity low as main indexes close in negative territory yet again on July 25.

by Hung Khanh

All main indexes on Vietnam’s stock market closed down for the fourth day in a row on July 25.

On HSX the VN-Index fell 0.57 points (0.09 per cent) and the VN30-Index 1.13 points (0.18 per cent) while on HNX the HNX-Index lost 0.07 points (0.08 per cent) and the HNX30-Index 0.56 points (0.37 per cent).

The UpCoM Index, however, increased, by 0.45 points (0.79 per cent).

HSX saw 125 shares increasing and 107 decreasing while HNX saw 140 increasing and 116 decreasing.

Liquidity on HNX reached VND429 billion ($19.23 million), down 31 per cent against last Friday, and on HSX was VND1.54 trillion ($69.03 million), down 27 per cent.

The VN-Index opened at 649.87, quickly reached 653.02 points before tumbling to 646.36 points in the middle of morning session then closed at 651.48 points. In the afternoon it dipped slightly, to 650.09 points, then reached its peak for the day at 654.16 points before easing to 649.30 points by the close.

The most influential share in the VN-Index falling was VNM, which closed down 1.3 per cent.

Among banking shares on HSX only VCB and EIB increased, by 1.92 per cent and 1.85 per cent, respectively, while all others fell, with CTG down 1.69 per cent, MBB 1.32 per cent, STB 0.9 per cent and BID 0.6 per cent.

Oil and gas shares fared better, with GAS and CNG up 0.81 per cent and 0.26 per cent, respectively, while PGD and ASP closed at their opening price.

Among other large caps, HPG was up 1.7 per cent and VIC 1 per cent while MSN and DPM closed at their opening price.

The two largest banking shares on HNX, ACB and SHB, closed at their opening price. DCB and PVI increased 2.9 per cent and 2.3 per cent, respectively, while VCG was down 5.7 per cent, PHP 1 per cent and PVS and NTP 0.6 per cent.

Foreign investors net bought on both markets, by some VND99 billion ($4.43 million) on HSX and VND19 billion ($851,770) on HNX. 

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