A milk giant falls, oil and bank shares recover from yesterday's woes during morning session.
In morning trading on November 17 the VN-Index rose 0.08 points to reach 609.29, with a total trading volume of 97,745,921 shares valued at VND1.05 trillion ($46.71 million).
The morning session saw an unexpected fall in Vinamilk shares (VNM), by 2.14 per cent; its biggest fall since the beginning of September. VNM traded below the opening price throughout the session, with order matching totaling 733,680 shares worth VND104.4 billion ($4.64 million). At the close of the session about 242,000 shares were still waiting to be sold at below the opening price.
MSN, CTG, and FPT shares also fell during the morning session.
The VN-Index, meanwhile, increased slightly after oil and bank shares moved into positive territory after yesterday losses. GAS rose 1.39 per cent, PVD 2.15 per cent, VCB 0.85 per cent and VIC 0.69 per cent.
Liquidity in the two markets increased significantly, with VND1.72 trillion ($76.52 million) in orders being matched; about 24 per cent higher than in yesterday’s morning session. Significant trading still focused on CII, FLC and VNM, with these three accounting for about 21.1 per cent of total market liquidity.
FLC this morning increased 3.66 per cent while CII fell 0.48 per cent.
Foreign investors bought in small amounts, at VND45.5 billion ($2.02 million) in the morning via order matching, focusing on CII, FLC and HSC shares. DLG was also bought by foreign investors, to the tune of VND34.8 billion ($1.54 million) via put through.
In the Hanoi Stock Exchange the HNX-Index increased 0.3 per cent and the HNX30 0.75 per cent. Blue chips in the market such as SHB remained at it opening price while PVS rose 0.99 per cent.
Oil shares with huge market caps increased, such as PVC, by 1.12 per cent, PVB 1.48 per cent, PGS 1.03 per cent, and PLC 0.27 per cent.