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Banking & Finance

Market rallies briefly before falling

Released at: 13:38, 18/11/2015 Stock Market Watch

Market rallies briefly before falling

VN-Index and HNX-Index both down in morning session on November 18, with VNM's woes continuing while pharma stocks performed well.

by Hung Khanh

The VN-Index quickly reached a peak of 606.57 points during the morning session on November 18 before falling to 603.21 points, for an overall loss during the session of 1.84 points (0.3 per cent).

Selling by Vinamilk (VNM) shareholders kept the share in negative territory for the most of the session. It was down by VND2,000 ($0.09) at the close, or 1.49 per cent compared to the opening price, with 1,048,730 stocks traded, valued at VND138.77 billion ($6.17 million).

Other blue chips supported the original upward trend in the VN-Index, including CTG, VIC, and VCB, while the VNM, MSN, GAS dragged it downwards. The morning session saw 78 stocks increase, 114 have decrease, and 74 remain unchanged.

FLC was the most liquid stock during the session, with around 7 million shares changing hands, for a loss of 2.38 per cent at closing.

Pharmaceutical stocks had a good morning, with DMC, DHG, DLC continually rising throughout the session.

Foreign investors focused DPM, SBT and HBC stocks.

The HNX-Index, meanwhile, headed downwards from the opening of the morning’s session, falling 0.4 per cent to 80.81 points. Trading volume stood at 24,154,293 shares, worth VND238.84 billion ($10.62 million).

Photo: TVSI

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