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Banking & Finance

Indexes up as foreign investors net buy

Released at: 10:49, 19/02/2016 Stock Market Watch

Indexes up as foreign investors net buy

Good day's trade all round on February 18 as bank and oil and gas shares regain ground lost yesterday.

by Hung Khanh

The VN-Index rose 5.44 points (0.99 per cent) on HSX on February 18, with 139 shares increasing and 86 decreasing. Market liquidity stood at over VND1.5 trillion ($67.03 million) via order matching. The Index reached a peak of 554.80 points in the middle of afternoon session before closing at 552.49 points.

The VN-30 Index also saw a good day’s trade, finishing 5.75 points (1.02 per cent) higher after peaking at 569.17 points mid-afternoon before closing at 566.85 points.

The HNX-Index closed 0.53 points (0.68 per cent) higher, with 170 shares increasing and 101 decreasing, while the HNX30-Index finished 1.19 points (0.86 per cent) higher, with 14 shares increasing and six decreasing

After bank and oil and gas shares headed downwards yesterday they all recovered over the course of today’s trade.

No banking shares fell on HSX, with EIB up 3.96 per cent, STB 3.77 per cent, CTG 1.75 per cent, VCB 1.26 per cent, and BID 0.63 per cent. On HNX, SHB closed up 1.45 per cent while ACB and NVB closed at their opening price.

The rise in oil shares had a strong effect on the market, especially on HNX, with PVC closing 4.62 per cent higher, PVB 3.74 per cent, and PVS 3.42 per cent. On HSX, PVD was up 5.38 per cent - the highest increase in the VN30 basket. GAS, meanwhile, rose by an impressive 5.84 per cent.

VNM ended six days of increases after falling 0.77 points. Other shares in the food and beverage sector saw positive trade, with SBT up 2.59 per cent, VCF 2.56 per cent, and KDC 1.87 per cent on HSX.

Less pressure from foreign investors also had a positive effect on the market. On HSX they net bought by VND21 billion ($938,490) and did likewise on HNX, by VND352 million ($15,730).

Only PVD and DRC saw relatively high net selling by foreign investors, by VND17.6 billion ($786,544) and VND12.6 billion ($563,094), respectively.

VCB and GAS saw net buying of VND12.2 billion ($545,218) and VND11.2 billion ($500,528), respectively, with both increasing and supporting the rise in the VN-Index.

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