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Banking & Finance

VN-Index down after difficult afternoon

Released at: 17:13, 31/03/2016 Stock Market Watch

VN-Index down after difficult afternoon

Other indexes manage to escape substantial afternoon trade on March 31.

by Hung Khanh

All indexes closed down on March 31 after a tough afternoon’s trade. On HSX the VN-Index fell 8.69 points (1.52 per cent) and the VN30-Index 5.42 points (0.94 per cent), while on HNX the HNX-Index finished 0.42 points (0.53 per cent) lower and the HNX30-Index 1.77 points (1.25 per cent).

The HSX saw 75 shares increase and 161 decrease, while the VN30 basket saw only three increase and 22 decrease.

In the morning session trading on HSX was stable, with the VN-Index fluctuating around 570 points before closing the morning at 569.83 points. In the afternoon, though, the VN-Index tumbled by about 8 points to close at 561.22 points. It was the greatest fall on HSX since January.

All shares played a role, from large to small, with the VNMid-Index down 1.13 per cent and the VNSml 0.81 per cent.

Large caps falling included GAS, by 4.7 per cent, BVH 2.9 per cent, VCB 2.6 per cent, CTG 1.8 per cent, VNM 1.5 per cent, and BID 1.2 per cent.

Finance shares ended the day in negative territory, with FIT down 2.7 per cent, HCM 2.03 per cent, and SSI 0.94 per cent. VCB was the only large cap to increase, by 0.4 per cent.

Liquidity was healthy, with matching orders of some VND2.5 trillion ($112.17 million), of which about 70 per cent came in the afternoon when some VND1.5 trillion ($67.3 billion) changed hands; 35 per cent higher than on the previous afternoon.

On HNX, ACB increased 3.4 per cent but couldn’t offset losses in PVS, which closed down 5 per cent, VCS 3 per cent, NTP 2.3 per cent, PVI 2 per cent, VCG 1 per cent, and PHP 0.4 per cent.

Foreign investors net sold strongly on HSX, by some VND187 billion ($8.39 million), while net buying on HNX by some VND20 billion ($897,400).

Photo: TVSI

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