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Banking & Finance

VN-Index nears 600

Released at: 17:41, 26/04/2016 Stock Market Watch

VN-Index nears 600

Index nudges towards milestone as HNX-30 Index the only loser on April 26.

by Hung Khanh

Only the HNX30-Index finished in negative territory on April 26. On HSX the VN-Index rose 6.9 points (1.17 per cent) and the VN30-Index 7.11 points (1.20 per cent), while on HNX the HNX-Index increased 0.09 points (0.12 per cent) and the HNX30-Index fell 0.35 points (0.24 per cent).

HSX saw 116 shares increasing and 102 decreasing while HNX saw 141 increasing and 143 decreasing.

The VN-Index dropped a little at the beginning of each session before recovering to close each session higher. It was down to 590.32 points in the morning before closing at 595.84 points, then fell to 594.07 points early in the afternoon before ending the day at 598.48 points.

The strong increase came from large caps, including GAS, which increased 0.8 per cent in the morning and 2.5 per cent in the afternoon.

VCB rose 1.5 per cent in the morning and 2.8 in the afternoon, while BVH rose 2.68 per cent and continued to head upwards in the afternoon, closing up 6.2 per cent.

VNM was stable in the morning then rose 0.7 per cent in afternoon trade.

Other large caps pushing up the VN-Index included VIC, which increased 2.9 per cent, and MSN 0.7 per cent.

Among large banking shares, CTG was down 1.2 per cent and BID 1.1 per cent.

Foreign investors contributed greatly to increases in HSX’s blue chips, net buying both VCB and BVH by VND18 billion ($807,300).

VIC continued to be a sales target of foreign investor, with net selling of some VND590 billion ($26.46 million). VSH, meanwhile, saw net selling by foreign investors of VND328 billion ($14.71 million).

Foreign investors net sold on both markets, by VND828 billion ($37.13 million) on HSX and VND8 billion ($358,800) on HNX.

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