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Banking & Finance

VN-Index claws back 1.79%

Released at: 17:28, 19/01/2016 Stock Market Watch

VN-Index claws back 1.79%

Better day for market on January 19 after previous day's battering.

by Hung Khanh

The HSX saw a strong rebound on January 19 after tumbling yesterday by over 3 per cent, with the VN-Index increasing in both the morning and afternoon sessions to close up 9.40 points (1.79 per cent).

The market saw 173 shares increasing and 58 decreasing.

Market liquidity was not as good as yesterday but was still relatively high, with some 113 million shares changing hands via order matching, valued at VND1.3 trillion ($57.98 million).

The VN30-Index also rose, by 9.11 points (1.68 per cent), with 46 million shares traded via order matching valued at VND655 billion ($2.92 million). Twenty-five shares increased and three decreased.

Large caps contributing to solid trade included STB, which increased 4.7 per cent, VCB 4.4 per cent, CTG 3.6 per cent, BID 3 per cent, and VNM 1.7 per cent.

Among banking shares, STB was up 4.67 per cent and MBB 1.50 per cent on HSX, while on HNX SHB was up 1.75 per cent and ACB 1.61 per cent.

In the VN30 basket BVH increased the most, by 5.04 per cent. Among insurance shares, BID hit its ceiling of 6.45 per cent while PGI lost 1.79 per cent and BMI 1.25 per cent.

Finance shares were also up over the course of the day. On HSX, HCM increased 4.65 per cent, FIT 2.56 per cent, BCG 2.07 per cent and SSI 1.05 per cent, while OGC and BSI closed at their opening price. On HNX only VDS closed at its opening price, as VND rose 4.08 per cent, SHS 3.08 per cent, BVS 2.57 per cent, and KLS 1.59 per cent.

The global oil price rose slightly today but not all shares increased. CNG was up 4.67 per cent, ASP 2.94 per cent, and PGD 1.12 per cent. On HNX, PVG was down 1.45 per cent, PVD 1.44 per cent, and PVS 0.73 per cent, while PCG hit its ceiling of 9.09 per cent and PGS closed up 2 per cent. After increasing in the middle of the morning session GAS closed at its opening price.

Foreign investors conducted little trade but net sold VND85 billion ($3.79 million) in both markets, primarily on HSX and in blue chips. Their highest buy was FIT, by a net VND23.7 billion ($1.05 million), with HAH and VCB seeing net buying of just over VND5 billion ($223,000). Foreign investors net sold HPG by VND40.6 billion ($1.81 million), VIC VND20.8 billion ($927,680), and BID VND6.8 billion ($303,280).

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