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Banking & Finance

Market bounces back

Released at: 17:59, 25/01/2016 Stock Market Watch

Market bounces back

VN-Index increases by highest margin in many years on a much-welcome positive day of trade.

by Hung Khanh

The VN-Index rose from the beginning to the end of trade on January 25, finishing 20.11 points (3.85 per cent) up. The market saw 220 shares increasing and 42 decreasing. Liquidity was high, with 141 million shares traded via order matching valued at some of VND1.8 trillion ($80.42 million).

The VN30-Index also headed continually upwards throughout the day, rising 22.82 points (4.23 per cent) by close. The basket saw 28 shares increase and only one decrease. Some 61 million shares changed hands via order matching, valued at some VND927 billion ($41.41 million).

The HNX-Index kept with the trend, rising 2.50 points (3.39 per cent), with 174 shares increasing and 47 decreasing, 36 of which hit their ceiling.

The only banking share in the VN30 basket to fall today was EIB, while others increased to their ceiling or fell just short. CTG hit its ceiling at 6.83 per cent, BID at 6.67 per cent, and STB at 6.42 per cent, while VCB rose 5.30 per cent and MBB 4.41 per cent. On HNX, SHB increased 6.78 per cent and ACB 2.69 per cent.

HSX saw 81 shares reach their ceiling, including a number of large caps, helping the market increase strongly, including HCM, which rose 6.79 per cent, FIT 6.76 per cent, SSI 6.63 per cent, VHC 6.72 per cent, and KDC 6.64 per cent. Other contributors were MSN, up 4.2 per cent, and VNM 3.5 per cent.

The only drawback in the market today was the net selling by foreign investors. The VN30 basket saw net selling of VND1.46 trillion ($65.23 million) via order matching. The three highest shares net sold by foreign investors were VIC, HAG and VCB, by VND74 billion ($3.30 million), VND38.2 billion ($1.7 million), and VND28 billion ($1.25 million), respectively.

Oil and gas shares also recorded significant increases, with those reaching their ceiling including GAS, PVD, and PVT. They were somewhat fortunate, however, as just after the stock market closed Brent fell 3.5 per cent.

Today was the highest increase in the VN-Index since the beginning of 2012.

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