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Banking & Finance

Market down all over

Released at: 18:37, 15/01/2016 Stock Market Watch

Market down all over

Shares in all sectors take a tumble on January 15, with few bucking the trend.

by Hung Khanh

Bad news from China influenced investor behavior on January 15, with a strong wave of selling characterizing the day’s trade.

The HSX fell in the morning and afternoon sessions, resulting in the VN-Index closing the day down 9.99 points (1.81 per cent).

Market liquidity was relatively high as some 119 million shares changed hands worth VND1.4 billion ($62.45 million) on HSX. Sixty-four shares increased and 161 decreased.

The VN30-Index also closed down, by 13.41 points (2.36 per cent), with only one share increasing while 29 fell.

Falls were seen in all sectors and only a few shares increased, mostly small and mid-sized caps such as OCG, which rose 2.6 per cent, KSA 1.9 per cent, and HAR 0.1 per cent.

All large caps headed downwards, in particular BID, which fell 3.8 per cent, VCB 2.9 per cent, VIC 1 per cent, and VNM 0.8 per cent.

The oil price rise of 2 per cent had no effect on oil and gas shares, with PVD closing down 1.33 per cent and GAS 0.29 per cent.

Foreign investors were net sellers over the course of the day, by some VND121 billion ($5.39 million), with net selling from the VN30 basket being some VND116 billion ($5.17 million). VIC saw the greatest net selling, by VND19 billion ($847,590).

The HNX decreased only slightly, by 0.42 per cent, while the HNX30-Index fell 1.14 per cent.

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