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Banking & Finance

Market loses most morning gains in afternoon

Released at: 08:31, 26/12/2015 Stock Market Watch

Market loses most morning gains in afternoon

Afternoon fall eats into gains made in morning but market up overall for the day.

by Hung Khanh

The VN-Index went downwards relatively quickly in the afternoon session on December 25, bottoming out at 566.83 points. Some blue chips on the VN-30 Index increased, however, pushing the VN-Index up 1.50 points (0.26 per cent) over the course of the day but losing about 3 points against the morning session. The market saw 87 shares increase and 123 decrease.

Twenty shares in the VN-Index fell in the afternoon while only two rose - PVT and STB. The VN30-Index increased 0.45 per cent over the course of the day but finished 0.41 per cent lower than in the morning session.

VIC increased 0.95 per cent, BVH 1.94 per cent, and VCB 0.71 per cent overall but lost against the morning, nonetheless helping the market increase during the day.

MSN continued its impressive morning, when it reached its ceiling after increasing 6.38 per cent. The market heard that Singha Group from Thailand is to spend $1.1 billion on securing 25 per cent of Masan Consumer Holding and 33.3 per cent of Masan Brewery, with the transaction expected to be completed sometime in January.

Another positive today was liquidity rising slightly, with some VND1.5 billion ($66.57 million) worth of shares changing hands on HSX and VND510 billion ($22.63 million) on HNX; the highest for the last three days.

Foreign investors net bought by VND48 billion ($2.13 million) on HSX and VND8 billion ($355,040) on HNX, with their relatively low trading explained by the Christmas holidays. Buying by foreign investors focused on blue chips such as VIC, VCB, BVH and SSI. The VN30 basket saw VND38 billion ($1.68 million) net buying by foreign investors.

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