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Banking & Finance

VN-Index down on low liquidity

Released at: 18:43, 23/05/2016 Stock Market Watch

VN-Index down on low liquidity

Lowest liquidity on HSX since February on June 23.

by Hung Khanh

All indexes closed down on June 23, with the VN-Index falling 3.78 points (0.61 per cent) and the VN30-Index 1.95 points (0.32 per cent) on HSX while the HNX-Index fell 0.47 points (0.58 per cent) and the HNX30-Index 1.08 points (0.74 per cent) on HNX.

The UpCoM Index also closed down, by 0.38 points (0.67 per cent).

HSX saw 104 shares increase and 103 decrease, with HNX seeing 93 increasing and 97 decreasing.

The VN-Index headed downwards early in the morning session, to 611.37 points, before recovering to reach 613.83 points at the close. In the afternoon it was down over the course of the session, closing at 611.03 points.

Liquidity on HSX was extremely low, with only some VND1.3 trillion ($58.23 million) changing hands via order matching, or about 13 per cent less than last Friday and the lowest since the middle of February.

Banking shares dragged the market down, with the three largest caps falling - VCB by 2.5 per cent, CTG 2.3 per cent and BID 2.2 per cent. Among other banking shares, MBB and STB fell 1.9 per cent and 1.7 per cent, respectively, while EIB increased 2.5 per cent.

Oil and gas shares also had a bad day, with PVD down 3.8 per cent and GAS 1.7 per cent.

HPG and VIC were the only two large caps on HSX to increase, by 1.5 per cent and 1 per cent, respectively.

VNM, MSN and BVH closed at their opening price.

The three largest shares on HNX closed down - ACB by 3.1 per cent, PVS 1.7 per cent and PHP 1.4 per cent. SHB, PLC and VNR closed at their opening price, while NTP increased 5.6 per cent, VCG 3.8 per cent, DBC 1.2 per cent, PVI 0.4 per cent, and VCS 0.1 per cent.

Foreign investors net bought on both markets, on HSX by VND62 billion ($2.77 million) and on HNX by VND711 million ($32,000).

Photo: TVSI

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