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Unexpected VNM fall adds to HSX woes

Released at: 19:01, 01/08/2016 Stock Market Watch

Unexpected VNM fall adds to HSX woes

All indexes down on first day of August with VNM's solid first-half results failing to make an impression on investors.

by Hung Khanh

All main indexes on Vietnam’s stock market closed down on August 1.

On HSX the VN-Index fell 3.85 points (0.59 per cent) and the VN30-Index 3.76 points (0.59 per cent) while on HNX the HNX-Index fell 0.5 points (0.6 per cent) and the HNX30-Index 0.66 points (0.44 per cent).

The UpCoM Index also fell, by 0.32 points (0.57 per cent).

HSX saw 65 shares increasing and 157 decreasing while HNX saw 116 increasing and 158 decreasing.

Liquidity on HNX reached VND372 billion ($16.68 million), down 20 per cent against last Friday, and on HSX was VND1.86 trillion ($83.42 million), down 8 per cent.

The VN-Index slipped to 646.05 points late in the morning session after opening at 652.23 points, and closed at 648.21 points. The afternoon began positively, with the Index reaching 651.54 points before fluctuating and then falling late on to close at 648.38 points.

VNM released positive results for the first half today but its share price closed down 1.9 per cent. Trade in VNM was the highest on HSX, with VND266 billion ($10.13 million), and net selling by foreign investors of some VND100 billion ($4.48 million).

Among large caps on HSX only GAS and VIC increased, by 2.6 per cent and 1 per cent, respectively. VCB closed down 1.9 per cent, HPG 0.9 per cent and CTG 0.6 per cent, while MBB, BID and MSN closed at their opening price.

Most large caps on HNX fell, including ACB, by 1.7 per cent, SHB 1.7 per cent, VCS 1.3 per cent, PHP 1 per cent and PVI 0.8 per cent. Increasing large caps included PVS, by 2.4 per cent, and VCG 0.7 per cent.   

Foreign investors net sold on HSX by some VND10 billion ($448,500 million) while net buying on HNX by some VND22 billion ($986,700).

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