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Only VN30-Index closes up

Released at: 18:30, 05/08/2016 Stock Market Watch

Only VN30-Index closes up

Markets struggle on August 5 with only VN30-Index ending in positive territory.

by Hung Khanh

The VN30-Index was the only one of Vietnam’s main indexes to increase on August 5.

On HSX the VN-Index closed down 4.55 points (0.72 per cent) while the VN30-Index finished up 0.22 points (0.15 per cent), and on HNX the HNX-Index fell 0.08 points (0.1 per cent) and the HNX30-Index 2.35 points (0.38 per cent).

The UpCoM Index fell by 0.29 points (0.54 per cent).

HSX saw 77 shares increasing and 144 decreasing while HNX saw 102 increasing and 153 decreasing.

Liquidity on HNX was VND446 billion 405.22 billion ($20 million), 10 per cent higher than yesterday, and on HSX was VND1.9 trillion ($85.19 million), 5 per cent higher.

The VN-Index opened at 631.94 points and fell sharply to 625.11 points early on before regaining ground and reaching 628.26 points in the middle of the session then fluctuating and closing at 628.41 points. Within the first 30 minutes of the afternoon session it had tumbled to a low of 622.86 points then recovered to 627.04 points late on before closing at 627.39 points.

VNM increased for the fourth day in a row, by 1.3 per cent.

VIC, conversely, saw its fifth day of decline, by 5.9 per cent, which contributed greatly to the fall in the VN-Index.

Banking shares on HSX had a poor day, with only STB increasing, by 4.8 per cent. VCB fell 1.9 per cent, BID 1.18 per cent, CTG 1.16 per cent, and EIB 0.9 per cent, while MBB closed at its opening price.

Despite crude oil increasing in international markets, oil and gas shares on HSX struggled, with GAS, PGD and ASP closing at their opening price and CNG falling 0.5 per cent.

On HNX, PVS increased 4 per cent, NTP 1.2 per cent, VCS 1 per cent, VCG 0.8 per cent and ACB 0.6 per cent.

Foreign investors net sold on HSX by VND15 billion ($672,600 million) and net bought on HNX by VND26 billion ($1.16 million).

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