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Banking & Finance

Market up on low liquidity

Released at: 18:44, 06/02/2016 Stock Market Watch

Market up on low liquidity

Trade half of that normally seen as investors look to Tet holidays.

by Hung Khanh

The holiday mood has well and truly set in on Vietnam’s stock market as liquidity remained at very low levels on February 4 though all Indexes did manage to rise slightly.

The VN-Index increased 3.08 points (0.57 per cent) with 143 shares increasing and 67 decreasing. Only VND830 billion ($37.24 million) in shares changed hands.

The VN-30 Index edged up 4.69 points (0.84 per cent) with 22 shares increasing and eight decreasing, with total trade of VND372.8 billion ($14.70 million).

On HNX the HNX-Index increased 0.51 points (0.68 per cent) as 153 shares increased and 71 fell, on total trade of VND210 billion ($9.42 million), while the HNX30-Index finished the day 1.81 points (1.35 per cent) higher, with 17 shares increasing and six decreasing. Total trade stood at some VND7 billion ($314,090).

Trade was only about half of what constitutes a normal day’s trade.

Foreign investors net bought on HSX to the tune of VND26 billion ($1.16 million) while net selling on HNX by VND2 billion ($89,740).

Large caps helping the market included MSN, which increased 2.1 per cent, CTG 1.2 per cent, VCB 1 per cent and VNM 0.8 per cent, while BID fell 1.2 per cent and GAS 0.5 per cent.

Banking shares had the better of it, except for BID, which ended 1.2 per cent down. MBB rose 1.4 per cent, CTG 1.18 per cent, STB 0.9 per cent, and EIB 0.94 per cent. On HNX SHB increased 3.13 per cent.

Gas shares had a mixed day, with ASP up 3.03 per cent, CNG 2.58 per cent, and GAS 0.52 per cent, while PGD fell 0.28 per cent. On HNX PGS ended 1.7 per cent up and PVG 1.35 per cent down.

Oil shares pushed up the HNX with all shares increasing: PVC by 3.94 per cent, PVD 2.27 per cent, PVS 2.16 per cent, and PVB 1.92 per cent.

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