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Banking & Finance

Solid day marred by foreign exits

Released at: 17:31, 05/04/2016 Stock Market Watch

Solid day marred by foreign exits

All indexes close up on April 5 but foreign investors net sell by highest amount in four years on HSX.

by Hung Khanh

All four indexes on Vietnam’s stock market closed in positive territory on April 5. On HSX the VN-Index increased 4.50 points (0.81 per cent) and the VN30-Index 4.72 points (0.83 per cent), while on HNX the HNX-Index finished 0.4 points (0.51 per cent) higher and the HNX30-Index 1.09 points (0.79 per cent).

Despite increases in the VN-Index and the VN30-Index liquidity continued to be a problem on HSX, with trade via matching order of just VND1.4 trillion ($62.77 million).

HSX saw 145 shares increasing and 78 shares decreasing.

The VN-Index was in negative territory until the middle of the afternoon session, after falling to 555.22 mid-morning before recovering slightly then sliding again to 556.45 in mid-afternoon. A strong end to the day saw it increase to 560.32 points by the close.

Eight out of the ten largest shares increased, including VNM, by 2.2 per cent, GAS 1.5 per cent, MBB 0.7 per cent, BID 0.6 per cent, FPT 0.4 per cent, HPG 0.3 per cent and VCB 0.2 per cent.

The most impressive large cap was GAS, falling 0.74 per cent in the morning session but then increasing nine tick sizes in the afternoon to close 1.49 per cent higher.

Among gas shares on HSX, ASP rose 2.56 per cent and CNG 1.64 per cent while PGD closed 0.5 per cent down.

The VN30-Index played an important role by increasing 0.83 per cent overall compared to the VNMID, which rose 0.29 per cent, and the VNSML, which was up 0.4 per cent.

On HNX, ACB was down 1.6 per cent, PVS 1.3 per cent and PHP 0.4 per cent. Two large oil shares - PLC and PVI - increased 2.9 per cent and 0.8 per cent, while SHB rose 1.6 per cent and VCS finished up 0.6 per cent.

Foreign investors net sold by VND611 billion ($27.39 million) on HSX; the highest figure in more than four years. VIC saw the highest selling, of VND631 billion ($28.29 million). They net bought on HNX, however, by VND11 billion ($493,240).

Photo: VISI

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