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Banking & Finance

VN-Index back in the negative

Released at: 18:31, 20/01/2016 Stock Market Watch

VN-Index back in the negative

Trade on January 20 sees most of previous day's increase lost.

by Hung Khanh

The HSX lost two-thirds of the previous day’s gains on January 20, with the VN-Index down 6.33 points (1.11 per cent). The market saw 69 shares increasing and 143 decreasing.

At the beginning of the morning session selling pressure saw the VN-Index shed almost 5 points, and while some recovery was seen the woes continued into the afternoon session. By the end of the day’s trading the Index stood at 529.44 points.

The VN30-Index, meanwhile, lost 6.05 points (1.1 per cent) with only four shares increasing and 24 decreasing.

Large caps in banking and oil and gas posted significant losses, with PVD down 5.37 per cent, GAS 3.76 per cent, CTG 2.87 per cent, STB 2.68 per cent, BID 1.17 per cent, and VCB 0.74 per cent.

Other large caps pushing the making into negative territory included VNM, down 1.68 per cent, BVH 1.67 per cent, and VIC 0.21 per cent.

Some shares on the VN-30 Index managed to increase, such as ITA, which finished 2.08 per cent higher, while DPM rose 0.73 per cent, MSN 0.7 per cent, and GDM 0.51 per cent.

FLC and HVG were two shares in the VN-30 Index that hit their floor, with HVG falling 6.19 per cent and FLC 6.06 per cent. They also saw the highest trading volume over the course of the day.

Foreign investors remained largely inactive, net buying by VND30 billion ($1.33 million), but 4 million CII shares were bought via put through for VND90.8 billion (4.05 million).

VIC, HPG, and PVD were sold heavily by foreign investors, with net selling of VND36 billion ($1.60 million), VND25 billion ($1.11 million), and VND8 billion ($356,880), respectively.

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