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Banking & Finance

Indexes fall as blue chips down

Released at: 14:55, 04/03/2016 Stock Market Watch

Indexes fall as blue chips down

Losses among blue chips bring market down on March 3, as do major falls in other shares.

by Hung Khanh

The VN-Index increased by a mere 0.21 points (0.04 per cent) on HSX on March 3 while the VN-30 Index fell 0.06 points (0.01 per cent), with 97 shares increasing and 128 decreasing.

The VN-30 Index fell after losses were sustained by a number of its large caps, with VNM closing down 0.8 per cent, BID 0.5 per cent and VCB 0.2 per cent. CTG, meanwhile, finished the day 0.6 per cent higher.

After an impressive day yesterday BVH lost 0.9 per cent.

Other large caps to increase on HSX included GAS, MSN and VIC, by 2.5 per cent, 2.1 per cent, and 0.9 per cent, respectively.

HNG and HAG also had bad days on HSX. HNG closed at VND7,500 ($0.34) - its lowest price ever - after large selling orders came in during the final five minutes of the morning session. Some 3.3 million shares were sold at its floor price.

HAG was down 4.82 per cent, also its lowest price ever, with 12.2 million shares sold worth VND97 billion ($4.34 million) - the second highest liquidity on HSX.

On HNX some oil and gas shares rose but couldn’t stop the Index falling 0.01 points (0.02 per cent). PVS and PLC were up 0.6 per cent and PGS 0.5 per cent. Large cap banking shares such as ACB and SHB closed at their opening price while VGC, PHP, and PVI closed down 1 per cent, 0.9 per cent and 0.7 per cent, respectively.

Foreign investors net bought by some VND76 billion ($3.40 million) on HSX and around VND20 billion ($896,800) on HNX.

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