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Banking & Finance

Market tumbles all round

Released at: 17:55, 07/12/2015 Stock Market Watch

Market tumbles all round

Afternoon session follows on from tough morning.

by Hung Khanh

The stock market continued its slide in the afternoon session on December 7 with strong selling by investors, in particular during the first hour of trade, when most blue chips fell significantly. The VN-Index at one point stood at 563.41 points, 1.44 per cent lower than at the opening, before fluctuating and closing at just 563.62 points, 8 points, or 1.4 per cent, lower. The fall was almost identical to last Monday’s tumble of 1.7 per cent, with 83 shares increasing, 133 decreasing, and 72 closing unchanged.

Liquidity in the HSX stayed low, with only around 80 million shares changing hands. The four shares with the highest liquidity fell significantly, with FLC down 1.23 per cent, HQC 2.99 per cent, HHS 4.40 per cent, and HAG 2.46 per cent.

The VN30-Index also continued on from the morning’s decline, losing 7.62 points, or 1.31 per cent, against the opening, in which only five shares increased, 22 decreased, and three closed at their opening price. VIC and MSC recovered slightly during the session, by one tick size, to close at this morning’s opening price.

Oil shares were influenced by global markets throughout the day, falling sharply again in the afternoon session, with GAS shedding 2.23 per cent, PGD 2.94 per cent, and ASP hitting its floor, losing 4.88 per cent.

Declining large caps included VNM, by 2.44 per cent, VCB 3.55 per cent, VCF 1.28 per cent, FPT 0.84 per cent, and DPM 0.95 per cent.

Blue chips saw net selling by foreign investors. 

VCB saw the highest sales by foreign investors, with VND38 billion ($1.69 million) sold, or 65 per cent of the share’s trade today.

The VN30-Index only saw foreign investors sell today, at some VND104.7 billion ($4.56 million). In the last four weeks foreign investors have sold a total of VND1.29 trillion ($57.4 million) in shares in the VN30 basket, pushing the Index down today.

The HNX-Index saw a slight decline today, to 79.72 points, or 0.42 points (0.52 per cent) lower. It saw 77 shares increasing, 95 decreasing, and 201 closing unchanged.

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