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Indexes down on higher liquidity

Released at: 18:57, 02/08/2016 Stock Market Watch

Indexes down on higher liquidity

A difficult August 2 seen on both markets.

by Hung Khanh

All main indexes on Vietnam’s stock market closed lower on August 2.

On HSX the VN-Index fell 12.33 points (1.9 per cent) and the VN30-Index 12.25 points (1.93 per cent) while on HNX the HNX-Index was down 1.46 points (1.76 per cent) and the HNX30-Index 3.24 points (2.15 per cent).

The UpCoM Index also fell, by 0.95 points (1.7 per cent).

HSX saw 47 shares increasing and 192 decreasing while HNX saw 84 increasing and 210 decreasing.

Liquidity on HNX reached VND538 billion ($24.11 million), up 45 per cent against yesterday, and on HSX was VND2.6 trillion ($116.55 million), up 40 per cent.

The VN-Index opened at 648.38 points then tumbled 638.69 points early on in the morning session before recovering to peak at 642.81 points mid-session then falling again to close at 636.91 points. The fall continued in the afternoon session, when it reached a low of 633.97 points, then increased to 638.45 points in the middle of the afternoon before easing to 636.05 points at the close.

Similar to VNM yesterday, VIC released healthy financial figures for the first half of 2016 late yesterday but the fourth largest cap on HSX closed down 1 per cent, with net selling by foreign investors of some VND16 billion ($717,280).

VNM continued downwards, falling 1.9 per cent despite foreign investors net buying the share by VND38 billion ($1.7 million).

Trade in the two shares was relatively high, at VND257.63 billion ($11.54 million) and VND68 billion ($3.04 million), respectively.

HPG saw the highest trading volume on HSX, of some VND275 billion ($12.32 million).

All banking shares on HSX fell, with EIB down 3.4 per cent, BID 2.84 per cent, VCB 2.83 per cent, CTG 2.82 per cent, STB 0.9 per cent and MBB 0.7 per cent.

Among oil and gas shares on HSX, GAS was down 0.83 per cent and CNG 0.76 per cent while PGD and ASP closed at their opening price.

HNX also saw a difficult day’s trade, with all large caps finishing in negative territory, including VCG, down 5.3 per cent, PVI 4.2 per cent, SHB 3.4 per cent, VCS 3 per cent, NTP 2.1 per cent, ACB 1.7 per cent and PVS 1.2 per cent.  

Foreign investors net bought on HSX by some VND28 billion ($1.25 million) and by some VND32 billion ($1.43 million) on HNX.

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