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Banking & Finance

Tables turn on stock market

Released at: 17:52, 09/05/2016 Stock Market Watch

Tables turn on stock market

HSX indexes down on May 9 after four days in the black while HNX indexes close higher after three days in the red.

by Hung Khanh

May 9 saw mixed fortunes on Vietnam’s stock market, with the HSX ending down and the HNX closing higher after four consecutive days of the former increasing and three consecutive day of the latter decreasing.

On HSX the VN-Index fell 2.67 points (0.44 per cent) and VN30-Index 3.31 points (0.54 per cent) while on HNX the HNX-Index rose 0.03 points (0.04 per cent) and the HNX30-Index 0.65 points (0.46 per cent).

Seventy-one shares increased on HSX and 159 decreased, while on HNX 147 increased and 160 decreased.

The VN-Index started the day with solid performances from large caps, especially VNM, VIC, and VCB, which drove it to a peak of 612.92 points after just 30 minutes of trade. The momentum stalled, however, and the Index closed at 603.85 points.

VNM, the largest cap in the market, increased 1.41 per cent on the back of positive news from its annual general meeting and also had the highest liquidity on the market, with some 1.9 million shares, valued at VND277.82 billion ($12.46 million), changing hands via order matching.

GAS, meanwhile, increased 1 per cent, joining VNM as the only large caps to see out the day in positive territory, as others either closed down or at their opening price.

Those falling included BVH, by 4.2 per cent, BID 1.7 per cent, MSN 1.4 per cent, VCB 1.2 per cent, VIC 1 per cent and HPG 0.3 per cent.

On HNX, large banking caps ACB and SHB carried the market upwards, with SHB closing up 1.6 per cent and ACB 1.1 per cent.

Among oil shares only PVS closed higher, by 0.6 per cent, while PVI was down 0.8 per cent and PLC and PVX closed at their opening price.

Foreign investors net sold on HSX by some VND123 billion ($5.51 million) and net bought on HNX by some VND18 billion ($807,300).

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