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Banking & Finance

Poor afternoon sees morning gains on HSX lost

Released at: 18:36, 11/03/2016

Poor afternoon sees morning gains on HSX lost

Solid morning and early afternoon goes to waste as late trade sees increases on VN-Index come down.

by Hung Khanh

All Indexes increased finished up on March 11, with the VN-Index rising 1.35 points (0.23 per cent) and the VN30-Index 0.12 points (0.02 per cent) on HSX while on HNX the HNX-Index increased 0.18 points (0.22 per cent) and the HNX30-Index 0.25 points (0.18 per cent).

The VN-Index increased only slightly after trade in the afternoon session dragged back morning gains, which continued into the early stages of the afternoon, when it reached 580.57 points. The surge could not be maintained, however, as the Index fell to 577.26 points at the close with 120 shares increasing and 104 decreasing.

VNM increased 2 tick sizes compared to the morning session, increasing 3.8 per cent. Its liquidity accounted for 21.8 per cent of trade in the VN30 basket during the afternoon and 10.8 per cent of HSX. It wasn’t enough to offset losses elsewhere, however.

Large caps falling included VIC, by 2.4 per cent, MSN 1.3 per cent, CTG 0.6 per cent, and GAS 0.4 per cent. VCB, BID, and BVH closed at their opening price.

Financial shares had a poor day, with HCM and SSI falling 1.52 per cent and 0.44 per cent, respectively. Most other shares closed at their opening price.

On HNX, PVS, ACB, and PVI saw the largest increases, by 1.2 per cent, 0.5 per cent, and 0.4 per cent, respectively. SHB, VSC, and PHP, meanwhile, all fell, by 1.5 per cent, 1.2 per cent, and 0.4 per cent, respectively.

Foreign investors net sold again, by almost VND30 billion ($1.34 million) on HSX and VND614.92 million ($27,529) on HNX.

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