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Banking & Finance

Poor afternoon dents morning gains

Released at: 15:20, 15/04/2016 Stock Market Watch

Poor afternoon dents morning gains

All indexes up on April 14 as momentum in VN-Index created in morning session fails to carry over to afternoon trade.

by Hung Nguyen

Increases were seen on both of Vietnam’s stock markets on April 14, with the VN-Index increasing 1.47 points (0.25 per cent) and the VN30-Index 1.58 points (0.27 per cent) on HSX and the HNX-Index closing 0.05 points (0.06 per cent) higher and the HNX30-Index 0.2 points (0.14 per cent) on HNX.

Despite increasing it was a day of lost opportunity for the VN-Index. It had an especially solid morning, rising almost 6.5 points to 583.55. It continued upwards briefly in the afternoon to reach 584.55 points then fell to 579.49 points by the close of the day’s trade.

The HSX saw 132 shares increase and 90 decrease while 118 increased and 94 decreased on HNX.

The afternoon tumble on the VN-Index stemmed from falling prices for some of its large caps, with VIC increasing 1.9 per cent in the morning but finishing the day just 1 per cent higher. A similar story was seen with MSN, which increased 1.45 per cent in the morning but only 0.7 per cent over the course of the day, while BVH increased 0.95 per cent in the morning then closed at its opening price at the end of the afternoon and VNM similarly increased 1.4 per cent in the morning but closed on par.

Large caps falling today included GAS and CTG by 0.6 per cent each and FPT 0.2 per cent.

The VN30 basket saw 23 shares increase and three decrease in the morning but just ten increase in the afternoon as eight fell.

Liquidity was around VND1.8 trillion ($80.64 million) via matching order, which was lower than the average of VND2 trillion ($89.60 million) seen each day during the week.

On HNX, ACB finished down 1.7 per cent and PVS 0.6 per cent. Rising large caps included NTP, by 5.9 per cent, PVI 3.2 per cent, CHP 1 per cent and VCS 0.3 per cent.

Foreign investors net bought on both markets - on HSX by some VND112 billion ($5.01 million) and on HNX by some VND16 billion ($716,800).

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