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Banking & Finance

Market sees good morning then slowing afternoon trade

Released at: 18:20, 07/03/2016 Stock Market Watch

Market sees good morning then slowing afternoon trade

Fluctuations over the course of the day end with all Indexes in positive territory.

by Hung Khanh

All indexes increased on March 7, with the VN-Index rising 2.55 points (0.44 per cent) and the VN30-Index 1.66 points (0.29 per cent) on HSX, while the HN-Index finished 0.08 points (0.1 per cent) higher and the HNX30-Index 0.61 points (0.43 per cent) higher on HNX.

HSX saw strong rises in the middle of the morning and afternoon sessions as the VN-Index reached 579.88 points during morning trade and 580.88 points in the afternoon. A downturn came at the end of the afternoon session, however, with the Index losing 0.18 per cent against the close of the morning session.  

Large caps contributing significantly to the solid performance on HSX during the morning session came from all sectors, but at the end of the day only oil and gas shares were in positive territory. GAS increased 6.7 per cent, PVC 6.38 per cent, PVS 6.33 per cent, and PVD 6.32 per cent. BID finished down 1.1 per cent and VNM 0.76 per cent, while VCB, VIC, CTG, MSN, and BVH closed at their opening price.

The VN30-Index saw 16 shares falling in the afternoon compared to the close of morning trade, while the five that increased were only small caps.

Market liquidity in the afternoon session reached VND1.24 trillion ($55.62 million) via order matching, for liquidity of VND2.41 trillion ($108.11 million) over the course of the day.

On HNX, PVS finished up 6.3 per cent and ACB 0.5 per cent; the only two large caps to contribute to the market to any great extent. Declining shares included VCS, down 2.7 per cent, SHB 1.5 per cent, PHP 1.3 per cent, and PVI 0.4 per cent.

Foreign investors net bought on both markets - on HSX by VND89.3 billion ($4 million) and on HNX by VND21.94 billion ($984,228).

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