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VN-Index and VN30-Index finish day on high note

Released at: 10:17, 16/12/2015 Stock Market Watch

VN-Index and VN30-Index finish day on high note

Both indexes follow morning example and close higher on afternoon of December 15.

by Hung Khanh

The VN-Index fluctuated around its opening level during afternoon trade on December 15 before closing 3 points higher, at 568 points, for an increase over the course of the day of 5.78 points, or 1.03 per cent. The trading volume on HSX was the highest for the last ten days, with some 99 million shares changing hands via matching order, valued at VND1.4 trillion ($62.11 million).

The VN30-Index also rose today, by 2.86 points, or 0.49 per cent, with 17 shares increasing, eight decreasing and five closing at their opening price.

VCB saw an impressive amount of trade, at some 1.2 million shares via matching order, or almost double yesterday’s result, due to strong buying demand, and closed 3.85 per cent higher. Foreign investors were active, buying VND14 billion ($621,180) and selling VND6 billion ($266,220), accounting for one-third of the share’s total trade volume. Only CTG increased among other banking shares, by 2.82 per cent, with the remainder falling or remaining stable in both HSX and HNX.

Information on crude oil prices heading upwards had a positive influence on oil and gas shares, with most increasing more than one per cent. PGD rose 3.78 per cent, ASP 2.56 per cent, GAS 1.87 per cent, PVC 1.81 per cent, PVS 1.76 per cent, and PVB 1.03 per cent.

Foreign investors today net sold by some VND90 billion ($3.99 million). SSI continued to record the highest net buying from foreign investors, of VND19 billion ($843,030), while VIC saw the highest net selling, of VND47 billion ($2.08 million), followed by BID VND20 billion ($887,400) and MSN VND18 billion ($798,660). Despite the strong selling by foreign investors the demand for these share was relatively high, seeing VIC increase 0.48 per cent and BID and MSN close at their opening prices.

Strong selling of BID by foreign investors was seen in the final two minutes of this afternoon’s session, with them accounting for 65.4 per cent of total sales throughout the session. Market rumors claimed that VNM funds may have been the seller, with BID perhaps suffering from further net selling over the next few days.

With some 22 million shares matched in the morning session, DLG saw 2.2 million sold this afternoon, but buying demand was sufficiently strong to keep the price away from its floor, with a 2.94 per cent loss recorded. This marks seven consecutive days DLG has fallen, losing almost 26.1 per cent as a result. DLG previously increased over the course of two months but all gains have been wiped out over the last seven days. No official information has been forthcoming as to why the share saw unusual trade today.

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