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Banking & Finance

Positive trade all round

Released at: 17:29, 06/04/2016 Stock Market Watch

Positive trade all round

VN-Index wobbles on morning of April 6 before seeing out the day strongly.

by Hung Khanh

A positive April 6 was seen on both markets as all four indexes closed higher. On HSX the VN-Index increased 7.47 points (1.33 per cent) - the highest daily increase since early March - while the VN30-Index rose 5.97 points (1.05 per cent). On HNX the HNX-Index closed up 0.43 points (0.54 per cent) and the HNX30-Index 1.08 points (0.78 per cent).

HSX saw 147 shares increasing and 67 shares decreasing and HNX 117 and 86, respectively.

The VN-Index rose sharply in the afternoon after fluctuating around 562 points during the first half of the morning before bottoming out at 560 points during for the second half and recovering to finish the session at 562.93 points. In the afternoon it rose steadily to close at 567.79 points.

Most of the 20 largest caps increasing during the day, except for VNM and EIB, which closed at their opening price. GAS rose 4.9 per cent, HPG 3.1 per cent, VCB 2.4 per cent, MBB 2.1 per cent, VIC 1.1 per cent and CTG 1.8 per cent.

VCB and GAS appeared to direct the market, fluctuating when the VN-Index fluctuated and increasing in the afternoon as the index did likewise.

Among banking shares, BID rose 1.81 per cent and STB 0.98 per cent.

Gas shares were led by GAS, increasing 4.9 per cent, while CNG was up 1.88 per cent and PGD 1.01 per cent. ASP closed at its opening price.

In finance, FIT hit its ceiling of 6.94 per cent for second consecutive day. BSI finished up 2.08 per cent, SSI 0.46 per cent and HCM 0.34 per cent.

Liquidity remained low, at some of VND1.4 trillion ($62.77 million) in trading via order matching.

On HNX, ACB was down 0.6 per cent and VCS 0.5 per cent. Oil shares pushed the market forward, with PVS increasing 2.6 per cent, PVI 1.2 per cent and PLC 0.6 per cent.

Foreign investors again net sold strongly on HSX, by some VND443 billion ($19.86 million), with a focus on VIC, which they net sold by VND511 billion ($22.91 million). They net bought slightly on HNX, by some VND5 billion ($224,200).

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