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Banking & Finance

VN-Index bounces back

Released at: 13:54, 20/11/2015 Stock Market Watch

VN-Index bounces back

Blue chips lead the way as market ends four days of decline.

by Hung Khanh

The VN-Index ended four days of losses in the morning session on November 20, closing 3.5 points, or 0.57 per cent, higher, with 123 stocks increasing, 66 decreasing, and 72 finishing at their opening price.

Blue chips recovered, with the VN30-Index increasing 3.55 points, or 0.58 per cent.

VNM found itself in positive territory after falling for three days in a row, closing at VND132,000 ($5.87), or 1.54 per cent higher. There were 490,920 shares traded, 13,320 of which were bought by foreign investors.

MSN, meanwhile, fell 0.68 per cent on very low liquidity, as only 40,760 stocks were traded, with foreign investors buying 10,890.

KDC and HVG saw slight increases, at 0.4 per cent and 0.72 per cent, respectively.

The morning session also saw positive movement of real estate stocks, with most large caps increasing in liquidity but to a lesser extent than on other days this week. VIC shares increased 0.69 per cent but only 161,180 shares were traded, or about one-fifth of yesterday’s total and about one-eighth of the trade last Monday. Foreign investors bought 104,700 VIC shares during the morning session, or 70 per cent. KBC increased for the first time this week, by 3.82 per cent, on trade equal to only one-third of that seen yesterday. FLC finished at its opening price, after reaching the ceiling yesterday, with about 8 million shares traded - the highest in the session.

Bank stocks were also in better shape, increasing just under 1 per cent, such as STB, VCB, BID and MBB. BID had a dynamic morning, as 413,030 shares were traded, double the figure yesterday. Foreign investors bought 252,680, or more than half of the total.

The Hanoi Stock Exchange saw 13 stocks reach their ceiling but volume was quite low. SHB finished at its opening price, PVS increased 0.5 per cent, while ACB fell 0.5 per cent. The HNX-Index edged 0.39 per cent upwards, while the HNX30 finished 0.58 per cent higher.

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