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Poor late afternoon curbs promising rise on VN-Index

Released at: 18:15, 17/03/2016 Stock Market Watch

Poor late afternoon curbs promising rise on VN-Index

580 points within range on March 17 but late stumble sees Index close just under.

by Hung Khanh

March 17 was another good day for all indexes, with the VN-Index increasing 2.19 points (0.38 per cent) and the VN30-Index 2.68 points (0.46 per cent) on HSX, with the HNX-Index finishing 0.56 points (0.7 per cent) higher and the HNX30-Index 1.35 points (0.95 per cent) higher on HNX.

Though finishing in positive territory the performance of the HSX frustrated many. It increased continuously from early in the morning to reach a peak of 582.92 points in the middle of the afternoon and hopes were high it would close at more than 580 points. Towards the end of the session, however, blue chips stumbled and the Index closed at 579.26 points.

The VN30-Index closing at 0.46 per cent saw it lose 0.41 per cent against the morning session. The basket saw 17 shares decreasing and five increasing against the morning. Shares to fall included VNM, VCB, VIC, and BVH.

GAS fell five tick sizes against the morning, for an increase of 4.45 per cent for the day, while VCB was down eight tick sizes against the morning session, closing 1.16 per cent lower overall.

Shares falling against the morning session included FPT, by four tick sizes, VIC and SSI three tick sizes, HSG two tick sizes, and VNM one tick size. MSN finished the afternoon at the morning price, down 0.68 per cent for the day.

Large caps on HSX to increase included GAS, by 4.5 per cent, VIC 0.9 per cent, VNM 0.7 per cent, MBB 0.7 per cent, and CTG 0.6 per cent.

On HNX the two largest caps, ACB and SQC, closed down 0.5 per cent and at its opening price, respectively. Other large caps increased and helped the HNX-Index finish up, including VSC, by 4.5 per cent, PVS 2.4 per cent, SHB 1.5 per cent, and PHP and PVI 0.4 per cent.

Foreign investors net bought significantly on HSX, VND204 billion ($9.15 million), primarily on SBT, EIB, MBB, and HPG, and did likewise on HNX, by VND23 billion ($1.03 million), primarily SCR, CEO, and AAA.

Photo: TVSI

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