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Banking & Finance

Major indexes down

Released at: 18:40, 19/05/2016 Stock Market Watch

Major indexes down

Difficult day's trade on May 19 as major indexes close lower.

by Hung Khanh

All main indexes on Vietnam’s stock market finished down on May 19, with the VN-Index falling 3.25 points (0.52 per cent) and the VN30-Index 2.79 points (0.45 per cent) on HSX while the HNX-Index lost 0.39 points (0.47 per cent) and HNX30-Index 1.66 points (1.12 per cent) on HNX.

The UpCoM Index bucked the trend, increasing 0.06 points (0.11 per cent).

On HSX 103 shares increased and 118 decreased, while on HNX 82 increased and 113 decreased.

The VN-Index fluctuated from 220 to 222 points in the morning session. Shortly into the afternoon session it bottomed out at 618.17 points before recovering to 621.26 points and then closing at 619.20 points.

Banking and oil and gas shares had a tough day with many of the other large caps closing at their opening prices failing to stem the tide.

The three largest banking caps were down, with BID falling 2.1 per cent, VCB 1.8 per cent and CTG 1.1 per cent, while STB lost 1.6 per cent. MBB and EIB increased 2 per cent and 0.8 per cent, respectively, and were the only two banking shares to close higher.

Among oil and gas large caps, PVD closed 3 per cent down and GAS 0.9 per cent.

Most other large caps fared only slightly better, with VNM, FPT, BVH and VIC closing at their opening price while MSN shed 2.1 per cent.

On HNX, ACB was the only large cap to increase while PVS lost 3.2 per cent, SHB 3 per cent, PHP and VCS 1.9 per cent, NTP 1.5 per cent and VCG 0.9 per cent.

Foreign investors net sold on both markets, on HSX by some VND109 billion ($4.88 million) and on HNX by some VND20 billion ($896,400).

Photo: TVSI

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