20:57 (GMT +7) - Sunday 11/12/2016

Banking & Finance

Market up for day, down for week

Released at: 20:40, 20/11/2015 Stock Market Watch

Market up for day, down for week

Morning and afternoon sessions see increases but VN-Index down nearly 5 points against Monday's opening.

by Hung Khanh

The stock market’s afternoon session saw the VN-Index fluctuate slightly around the 605-point level before ending at 604.46, a rise of 2.56 points, or 0.43 per cent, with 125 shares increasing, 78 falling, and 83 remaining the same. Total trade volume was some 140 million shares, of which 92 per cent was done via order matching and the remainder via put through, with value totaling VND2.1 trillion ($93.45 million). The Index, however, tumbled 4.95 points since Monday’s opening.

Blue chips failed to build significantly on the increases in the morning session, with the VN30-Index closing at 611.16 points, losing half of its earlier rise but finishing the day 2.11 points, or 0.35 per cent, higher.

VNM lost VND1,000 ($0.04) compared to the morning session, closing at VND131,000 ($5.83), but still VND1,000 ($0.04) up since opening. Today saw the lowest trade volume on the share for the week, with only 708,850 changing hands.

MSN fell 0.68 per cent to close the week at VND72,500 ($3.23), its lowest price since the beginning of 2011. Foreign investors sold about 2.1 million of its shares on Monday and Tuesday, and today alone sold over 1 million.

KDC and VHC both lost 1 tick size over the course of the day, or 0.4 per cent and 0.28 per cent, respectively.

Other blue chips contributed to the increase of the Index, including DPM, which finished 1.23 per cent higher, and DCM 1.57 per cent, while ITA reached the ceiling, with over 10 million shares being traded. OCG ended three consecutive days of increases to also reach the ceiling.

Two construction stocks in the VN30, IJC and ITA, also reached the ceiling on the back of volumes far higher than other days during the week.

Real estate stocks stayed in positive territory in the afternoon session. KBC retained its 3.82 per cent increase and closed at VND13,600 ($0.61), while VIC kept its 0.69 per cent rise from the morning and ended the day at VND43,700 ($1.94). FLC finished at its opening price but saw the highest liquidity in the market, with some 13 million shares traded, which was much less than yesterday’s trade of over 20 million shares. ITA reached the ceiling, increasing 6.45 per cent, with a significantly higher trade volume of 10 million shares compared to the rest of the week.

In banking, BID continued to attract foreign investors, who bought 452,290 shares, or over half of today’s trade, which was the highest in the share for the week, pushing it up 0.43 per cent to VND23,500 ($1.05), or where it was on Monday. VCB, CTG, and EIB finished at this morning’s opening price, while MHB lost 0.68 per cent and STB gained 0.82 per cent.

In oil, GAS and PGD both increased one tick size during the day with trade remaining stable during the week. Foreign investors stopped selling GAS today, buying 87,560 shares.

The HNX-Index, meanwhile, increased by 0.35 points, or 0.43 per cent. Trade volume stood at about 50 million shares, all by order matching, valued at VND488.86 million ($21.75 million).

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