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Banking & Finance

VN-Index falls in afternoon session

Released at: 17:26, 19/11/2015 Stock Market Watch

VN-Index falls in afternoon session

Market builds on morning increase before finishing down.

by Hung Khanh

In early trading in the afternoon session at the Ho Chi Minh City Stock Exchange (HSX) the VN-Index continued the increase seen in the morning before heading downwards and closing with a 1.44 point decline, or 0.24 per cent. The market saw 98 shares increase, 106 decrease, and 93 remain the same.

Liquidity was similar to yesterday, with some 122 million shares traded, valued at VND2 trillion ($89 million).

VNM continued to suffer from profit taking, falling a further VND2,000 ($0.09) to close at VND130,000 ($5.78) on a total trade of 966,290 shares; much less than yesterday. Foreign investors were less active in the afternoon session, buying only 270,000 shares and selling 257,000.

KDC stayed where it opened despite coming under pressure from foreign investors selling 245,780 shares and buying only 1,300, accounting for one-fifth of all trade in the stock, which had increased for two days in succession.

Foreign investors also sold large amounts of MSN shares, at 387,600 in total, while buying only 30,000. Foreign investors accounted for about half of all trades in the share today.

Banking shares were a disappointment, with most falling, including VCB, MBB, CTG, and STB. BID remained at its opening price, with foreign investors buying 107,870 shares.

In oil, PGD increased for the first time in five days, closing at VND46,000 ($2.05), or 3.14 per cent higher than at opening. GAS stayed at its opening price, with foreign investors accounting for 80 per cent of trade, buying 210,000 shares and selling 58,750.

Blue chips overall had a poor day, with liquidity in the VN30-Index coming in at only VND369.7 billion ($16.45 million), with FLC and MSN accounting for 26.2 per cent.

Liquidity was low in both sessions. FLC reached its ceiling after yesterday’s losses, with liquidity at about 20 million shares; almost double yesterday’s figure. The share increased VND500 ($0.02), or 6.2 per cent, to VND8,800 ($0.39); its highest point in three months. Foreign investors bought some 18,000 FLC shares after selling 20,000 yesterday.

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