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VN-Index and HNX-Index end six days of falls

Released at: 18:42, 27/07/2016 Stock Market Watch

VN-Index and HNX-Index end six days of falls

Markets have best day in nearly a week on July 27.

by Hung Nguyen

Vietnam’s main indexes all increased on July 26, ending six days of decline for the VN-Index and both HNX indexes.

On HSX the VN-Index rose 7.52 points (1.16 per cent) and the VN30-Index 4.95 points (0.78 per cent) while on HNX the HNX-Index closed 0.18 points (0.21 per cent) higher and the HNX30-Index 0.34 points (0.23 per cent).

The UpCoM Index, however, fell 0.23 points (0.41 per cent).

HSX saw 134 shares increasing and 78 decreasing while HNX saw 98 increasing and 96 decreasing.

Liquidity on HNX reached VND484 billion ($21.69 million), up 14 per cent against yesterday, and on HSX was VND1.9 trillion ($85.17 million), up 5 per cent.

The VN-Index opened at 648.59 points, rose sharply to 655.52 points in the middle of the morning session before slipping to end at 651.91 points. In the afternoon it increased to 655.71 points by the middle of the session before heading down to 653.30 points then recovering to end at 656.71 points, its highest point of the day.

Eight of the largest shares on HSX closed higher.

All banking shares were up except for STB, which closed at its opening price. VCB rose 2.8 per cent, EIB 2.7 per cent, CTG 2.3 per cent, BID 1.1 per cent and MBB 0.7 per cent.

In oil and gas, GAS and PGD closed up 2.5 per cent and 0.2 per cent, respectively, while CNG and ASP closed at their opening price.

Other large caps to increase were HPG, by 2.1 per cent, BVH 1.7 per cent and VIC 1 per cent, while MSN was down 0.8 per cent and MWG closed at its opening price.

On HNX, large banking shares ACB and SHB closed at the opening price while PVI fell 0.7 per cent. Large caps to increase included PVS, by 2.4 per cent, VCS 1.7 per cent, PHP 1 per cent, VCG 0.7 per cent and NTP 0.3 per cent.

Foreign investors net bought on both markets, by some VND114 billion ($5.11 million) on HSX, especially HPG (VND65 billion, or $2.91 million) and VNM (VND23 billion, or $1.03 million), and on HNX by VND6 billion ($268,980).

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