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Banking & Finance

Market down in morning trade

Released at: 14:04, 30/11/2015 Stock Market Watch

Market down in morning trade

Early falls countered but all indexes end lower.

by Hung Khanh

The VN-Index fell 576.88 points on the HSX during the morning session of November 20 before recovering slightly to close at 579.70, for a loss of 3.16 points, or 0.54 per cent overall. Sixty-three shares increased, 137 decreased, while 61 closed at their opening price.

The VN-30 Index had a similar morning, falling 2.37 points, or 0.4 per cent, against the opening, to 588.22 points. Only seven shares increased while 18 decreased and five closed at their opening price. Three of the seven increasing shares were in food and beverages, including VNM (0.81 per cent), MSN (0.72 per cent), and KDC (0.77 per cent).

The market responded to news at the end of last week that SIC and two funds related to Dragon Capital have registered to buy shares in VNM, seeing the share rise to VND125,000 ($5.56), or 0.81 per cent higher. Total trade volume in the share was 635,780, with foreign investors active in buying, at 351,550, or the 50 per cent of the total bought, while selling none.

HAG had the highest liquidity in the VN30-Index, with some 2.3 million shares changing hands. At the close, however, it had lost 0.79 per cent against the opening.

Among the large caps in insurance only BVH increased, by 2.73 per cent, while BMI lost 0.81 per cent, BIC 1.03 per cent, and PGI 1.66 per cent.

Most banking shares were in negative territory, including VCB, which lost 1.58 per cent, CTG 1.05 per cent, BID 3.76 per cent, and STB 3.42 per cent.

Nine of the ten stocks with the highest liquidity fell. FLC saw trade of some 9 million shares but finished 1.20 per cent lower.

The HNX-Index also declined to 80.9 points during the morning session before closing at 81.27 points, for a fall of 0.27 per cent.

Liquidity in both markets was relatively low, with a total trade value of VND1.3 trillion ($57.77 million).

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