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Banking & Finance

Indexes stay in positive territory

Released at: 17:58, 03/03/2016 Stock Market Watch

Indexes stay in positive territory

Yet another good day's trade all round on March 2.

by Hung Khanh

All Indexes again closed higher on March 2. The VN-Index increased 8.62 points (1.54 per cent) with 140 shares increasing and 85 decreasing, while the VN30-Index closed up 6.18 points (1.08 per cent) with 18 shares increasing and nine decreasing.

On HNX the HNX-Index closed 0.34 points (0.43 per cent) higher, with 198 shares increasing and 85 shares decreasing, while the HNX30-Index rose 0.13 points (0.09 per cent) on the back of 16 shares increasing and seven decreasing.

Impressive performances were seen by large caps on HSX, driving the VN-Index and VN30-Index upwards. All ten of the largest caps rose, most notably BVH, by 6.7 per cent, and BID 3.4 per cent, VCB 2.5 per cent, VIC 2 per cent, and VNM 1.5 per cent.

BVH increased significantly in the afternoon session, hitting its ceiling in the first 20 minutes. Trade in the share in the afternoon totaled some 712,000 shares valued at VND39.2 billion ($1.76 million); the fourth highest liquidity on HSX today.

Banking shares on HSX also helped the market move upwards, with BID increasing 3.4 per cent, VCB 2.5 per cent, STB 1.8 per cent, and CTG 1.7 per cent. The only large banking cap to fall was MBB, by 0.7 per cent.

Oil and gas shares only saw GAS increase on HSX, by 1.1 per cent, and PGS on HNX, by 1.1 per cent, with all others closing at their opening price.

Large caps driving the HNX included VCS, which was up 3.9 per cent, NTP 2.4 per cent, PHP 2.7 per cent, and VCG 2 per cent.

Foreign investors net bought in both markets, by some VND137 billion ($6.13 million) on HSX and around VND12 billion ($537,720) on HNX.

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