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Banking & Finance

VN-Index back above 750 points

Released at: 18:50, 12/06/2017 Stock Market Watch

VN-Index back above 750 points

Only VN-Index gains ground on June 12.

by Yen Thanh

The VN-Index was the only main index on Vietnam’s stock market to close higher on June 12.

On HSX, the VN-Index gained 1.37 points (0.18 per cent) while the VN30-Index lost 3.34 points (0.45 per cent).

On HNX, the HNX-Index fell 0.53 points (0.54 per cent), the HNX30-Index 3.34 points (0.45 per cent), and the UPCoM-Index 0.59 points (1.01 per cent).

Liquidity on HSX reached VND3.2 trillion ($141 million), virtually the same as last Friday, and on HNX was VND563 billion ($25 million), 4 per cent lower.

The VN-Index opened at 749.71 points and rose to 752 points after the pre-opening session then fluctuated and fell to 750 points in mid-session. It then gained ground and closed at 753.4 points. In the afternoon session, it fell dramatically from the very beginning to hit its bottom of the day of 749 points late on before recovering to close at 751.09 points.

In food and beverages, SAB and MSN increased 1.5 per cent and 0.2 per cent, respectively, while BHN lost 1.3 per cent, KDC 1.1 per cent, VNM 0.7 per cent, and SBT 0.3 per cent.

In banking, CTG and BID rose 0.5 per cent while MBB fell 1 per cent, STB 0.7 per cent, EIB 0.4 per cent, and VCB 0.1 per cent.

In energy, PGD increased 0.8 per cent and PLX and GAS 0.6 per cent while CNG closed at its opening price.

In real estate, FLC increased 4 per cent, VIC 1.8 per cent, and NVL 0.2 per cent. QCG shed 2.8 per cent, KBC 1.2 per cent, and KDH 0.2 per cent.

Among other large caps, ROS reached its ceiling in rising 6.9 per cent after two days of hitting its floor, VJC closed at its opening price, and HPG lost 1.7 per cent and BVH 1 per cent.

BHS saw the highest liquidity on HSX, with VND278 billion ($12.3), followed by HSG with VND170 billion ($7.5 million), HPG with VND126 billion ($5.6 million), and ROS with VND120 billion ($5.2 million). The largest cap, VNM, saw VND77 trillion ($3.4 million) change hands.

On HNX, PVI rose 7 per cent, VND 1.9 per cent, and PHP 1.4 per cent. VCG and PVS closed at their opening price while SHB lost 1.4 per cent, ACB 0.8 per cent, NTP 0.6 per cent, and VCS 0.1 per cent.

Foreign investors net bought on HSX by VND26 billion ($1.2 million) and on HNX by VND8 billion ($352,640).


The VN-Index erased most of its earlier gains in the afternoon and closed higher by a slight 0.18 per cent, while the HNX-Index lost 0.54 per cent due to higher profit-locking pressure. There were 256 losers compared with 206 gainers. Previous drivers, led by banking and finance, corrected on a wide scale. Today saw money go to tire manufacturers such as DRC and CSM, while gains in large caps like VIC, ROS, PLX, GAS, and PVI underpinned the market. The market is currently divided and investors have been restructuring their portfolios, which raises the weight of expectedly good business performers in the second quarter. We also saw some money flow into fundamental shares, such as pharmaceuticals and retailers, as hot stocks in real estate and securities are still seeing short-term profit locking pressure. However, we assess market risk as being moderate thanks to robust demand from local and foreign investors. The VN-Index is expected to swing and accumulate around the support level of 740-747 points in the coming days before reaching the target of 760.

KIS Vietnam Securities Corporation


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