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VN-Index falls for third successive day

Released at: 18:18, 22/07/2016 Stock Market Watch

VN-Index falls for third successive day

Photo: TVSI

All indexes see third day of decline on July 22.

by Hung Khanh

All indexes on Vietnam’s stock market closed down for the third day in a row on July 22.

On HSX the VN-Index fell 9.70 points (1.47 per cent) and the VN30-Index 8.82 points (1.37 per cent) while on HNX the HNX-Index lost 0.56 points (0.67 per cent) and the HNX30-Index 0.73 points (0.48 per cent).

The UpCoM Index also fell, by 0.05 points (0.09 per cent).

HSX saw 63 shares increasing and 158 decreasing while HNX saw 114 increasing and 182 decreasing.

Liquidity on HNX reached VND712 billion ($31.92 million), up 50 per cent against yesterday, and on HSX was VND2.1 trillion ($94.16 million), up 28 per cent.

The VN-Index opened at 659.57 points then quickly tumbled to 645.37 points before recovering to 652.09 points and falling again to close the morning session at 647.11 points. In the afternoon it inched upwards to 647.86 points before bottoming out at 640.36 mid-session and then rallying to close at 649.87 points. Over the course of the week it shed 14.69 points.

Almost all large caps on HSX ended the day in negative territory.

In banking, VCB hit its floor after falling 6.31 per cent on the back of VND20 billion ($896,800) in net selling by foreign investors - the most of any share. EIB and STB were down 6.09 per cent and 1.77 per cent, respectively, while CTG, BID and MBB closed at their opening price.

Oil and gas shares also saw negative trade, with GAS and PGD down 2.38 per cent and 1.09 per cent, respectively, while CNG closed at its opening price. Against the trend, ASP hit its ceiling to close 5 per cent higher.

Among other large caps on HSX, HPG was down 2.4 per cent, VIC 1 per cent and MSN 0.7 per cent. MWG and DPM closed up 4.7 per cent and 1 per cent, respectively.

On HNX, except for VCG, which increased 8.2 per cent, most shares finished lower, including PHP, by 2.4 per cent, PVS 1.7 per cent, ACB 1.1 per cent and NTP 0.8 per cent. VCS, PVI and SHB closed at their opening price.

Foreign investors net bought on both markets, by some VND44 billion ($1.97 million) on HSX and VND37 billion ($1.65 million) on HNX.  

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