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Banking & Finance

Markets down as foreign investors sell strongly

Released at: 10:47, 19/02/2016 Stock Market Watch

Markets down as foreign investors sell strongly

Falls slight but foreign investors net sell by highest amount in 13 sessions.

by Hung Khanh

Both markets took a downward turn on February 17, with the VN-Index down 1 point (0.18 per cent) and the HNX-Index 0.5 points (0.65 per cent). Blue chips in both fell, with the VN30-Index down 1.22 points (0.22 per cent) and the HNX30-Index 1.59 points (1.14 per cent).

The VN-Index saw 89 shares increasing and 103 decreasing, the VN30-Index had nine rise and 16 fall, the HNX-Index 132 increase and 137 decrease, and HNX30-Index nine rise and 18 fall.

The three largest caps in banking, oil and gas all closed lower, in particular PVC, which was down 4.11 per cent, PVB 3.6 per cent, PVS 2.67 per cent, PVD 2.19 per cent, GAS 1.5 per cent, and PGS 1.11 per cent.

In banking, STB fell 2.75 per cent, BID 1.84 per cent, SHB 1.43 per cent, VCB 1.24 per cent, ACB 1.03 per cent, EIB 0.98 per cent, and MBB 0.67 per cent.

Foreign investors sold strongly on both markets, net selling on HSX by VND160 billion ($7.14 million), almost double the figure from yesterday. On HNX they net sold by VND19 billion ($8.48 million), almost equal to the net buying seen yesterday. On the two markets their net selling totaled VND265 billion ($11.82 million) via order matching, or 12 per cent higher than yesterday and the highest for 13 sessions. The VN30 basket also saw net selling of VND106.8 billion ($4.76 million).

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