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Banking & Finance

Market down as volume and value decline

Released at: 16:21, 11/01/2016 Stock Market Watch

Market down as volume and value decline

Trade low as Indexes dip slightly on January 11.

by Hung Khanh

The HSX finished 2.18 points (0.39 per cent) down on January 11. During the morning session the VN-Index rose to 562.9 points before falling to 559.69 points at the close of trade. There was talk of a “bull trap”, as VIC, VNM, VCB, and SSI all increased quickly but then fell just as quickly.

The afternoon session began with international factors making their presence felt, with investors adopting a negative approach. The VN-Index fluctuated around 559 points before losing 2 points at the close.

Similarly, the VN30-Index peaked at 579.13 points in the middle of morning trade before falling to 575.42 points. By the end of the afternoon session it had lost 2 more points, to finish at 573.72 points, down 2.24 points, or 0.39 per cent.

HSX saw 82 shares increasing and 136 decreasing, while the VN30 basket saw six increasing and 16 decreasing.

In the VN30 basket HAG performed strongly, reaching its ceiling after increasing 6.86 per cent on the highest trade volume of the day - some 13 million shares. Today was the fourth consecutive day HAG has finished higher.

Today saw lower falls on HSX than on the previous two trading days though volumes and liquidity were 20 per cent less. Some 100 million shares changed hands during the day via order matching, valued at VND1.3 trillion ($57.90 million).

Banking shares saw only BID increase, by 1.06 per cent, while STB lost 2.38 per cent, MBB 0.72 per cent, and VCB 0.71 per cent.

Among oil and gas shares, GAS, PGS, PCG closed at the opening price while PVG lost 1.27 per cent and PGD 0.56 per cent.

JVC continued to disappoint investors, with its financial report released on January 10 revealing a poor set of figures. The share has now hit its floor for three days in a row.

On HSX, foreign investors bought and sold more than last Friday, buying some VND186 billion ($8.28 million) and selling some VND200 billion ($8.9 million), for net selling of around VND13 billion ($579,020). VIC saw the highest net selling by foreign investors, of around VND40 billion ($1.78 million).

The HNX fell 0.4 per cent over the course of the day after fluctuating around its opening mark. Eighty shares increased and 81 decreased. The highest liquidity was recorded by SHB, with VND29 billion ($1.2 million), but it closed at its opening price. Major losers influencing the market included HKB, which fell by 7.2 per cent, BED 6.3 per cent, and SCR 1.2 per cent. Shares having a good day’s trade included KVC, rising 8.9 per cent, AAA 5.3 per cent, and DTS 1.2 per cent.

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