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Banking & Finance

Markets recover in afternoon trade

Released at: 17:06, 22/01/2016 Stock Market Watch

Markets recover in afternoon trade

Poor morning offset by better trade in afternoon as Indexes close higher.

by Hung Khanh

Both HSX and HNX were down in the morning session on January 22 but recovered by the close of the afternoon session.

The HSX was at 514.10 points at the end of morning trade but bounced back to peak at 524.35 points in the afternoon before closing at 522.24 points. The VN-Index increased 0.36 points (0.07 per cent) over the course of the day, with 115 shares increasing and 94 decreasing.

The HNX-Index was as low as 72.6 points during the morning session but recovered in the afternoon, rising to 73.85 points and closing 0.79 points (1.09 per cent) higher.

A number of oil and gas shares rose handsomely, such as PVB and PVD, which hit their ceilings of 9.35 per cent and 6.56 per cent, respectively, while PVS rose 6.4 per cent and GAS 6.67 per cent.

Banking shares had a mixed day, with large caps such as BID and CTG falling 5.06 per cent and 1.83 per cent while VCB rose just 0.51 per cent. Among other banking shares, STB was up 2.83 per cent and MBB 2.26 per cent, with EIB losing 3.74 per cent and ACB 1.59 per cent.

Finance shares saw positive trade, as BSI hit its ceiling of 6.1 per cent and VND rose 5.88 per cent, SHS 3.17 per cent, and HCM 2.32 per cent.

The VN30-Index increased 0.84 points (0.16 per cent) at the close of the day’s trade, with 17 shares increasing and ten decreasing. DIG and IJC recorded the highest increases, by 6.94 per cent and 6.67 per cent, respectively, while HAG and OGC were the biggest losers, by 5.95 and 5.41 per cent.

Foreign investors net sold on HSX to the tune of VND80 billion ($3.57 million), primarily offloading BID, HAG, GAS, and HPG shares.

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