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Banking & Finance

Market up on international revival

Released at: 12:24, 12/01/2016 Stock Market Watch

Market up on international revival

Good morning trade on January 12 as some confidence injected from global factors.

by Hung Khanh

Improvements in international markets had a positive effect on Vietnam’s stock market in the morning session on January 12. The HSX increased 2.73 points (0.49 per cent), with 105 shares increasing and 77 decreasing.

The HNX-Index rose in mid-session but couldn’t maintain the momentum and closed at its opening price. Eighty-two shares increased and 67 fell.

The increase on HSX was strongly supported by shares in the VN30 basket, which saw 18 increase and five decrease, with liquidity accounting for almost 50 per cent of the total. The VN30-Index closed 4.69 points (0.82 per cent) higher, with the best-performing share being HAG, which increased 3.7 per cent with some 5 million shares changing hands - the highest volume on both HSX and the VN30.

Other shares in the VN30 basket providing support to the market included VNM, which rose 1.7 per cent, MSN 1.3 per cent, BID 1.1 per cent, and VCB 1 per cent.

Among food and beverage shares only VNM and MSN increased, with others falling or closing at their opening price, such as VCF, which closed 4.86 per cent down and KDC 0.43 per cent, while SBT and HVG remained steady.

It was a good session for banking shares, as only VCB and BID fell, while MBB increased 1.46 per cent and EIB closed 1.83 per cent higher.

Oil and gas shares, meanwhile, continued to be affected by falling crude oil prices, with CNG down 3.13 per cent, ASP 2.7 per cent, and GAS 1.14 per cent.

Brokerage shares were positive, with SSI increasing 1.51 per cent, FIT 1.14 per cent, HCM 1.13 per cent, and BCG 0.52 per cent.

HHS this morning reached its ceiling after increasing 6.54 per cent, with foreign investors accounting for 50 per cent of liquidity.

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