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Banking & Finance

VN-Index on the slide

Released at: 17:23, 01/12/2015 Stock Market Watch

VN-Index on the slide

Falls in morning and afternoon sessions for Index and VN30.

by Hung Khanh

The VN-Index tumbled further in the afternoon session on December 1, closing at 570.41 points, down 2.79 points or 0.49 per cent. The market saw 101 shares increase, 106 decrease, and 79 close at their opening price.

The VN30-Index also ended the day in worse shape, losing 2.88 points, or 0.49 per cent, with only seven shares increasing while 17 fell and 6 closed at their opening price.

The 17 shares that fell all saw high liquidity but were down significantly over the course of the day, and included OGC, HAG, VNM, and ITA. For the second day in a row OGC hit its floor, losing 5 per cent, and despite only being traded in the afternoon session had 12 million shares changing hands - the highest for the day.

HAG fell for the sixth consecutive day on trade of 6 million shares, with some 1 million sold by foreign investors. It finished the day down 1.64 per cent, at VND12,000 ($0.53).

VNM recovered slightly but not enough to cover the morning loss, closing at VND122,000 ($5.43), down VND2,000 ($0.09), or 1.61 per cent, for the day. Some 1 million shares changed hands, with foreign investors accounting for more than half.

Other large caps in food and beverages rose, such as SBT, by 0.55 per cent, MSN 0.71 per cent, and KDC 1.54 per cent.

Banking saw two shares turn around many days of decline, with BID increasing 1.47 per cent and MBB up 0.71 per cent. Other banking shares, meanwhile, continued downwards, with VCB losing 1.86 per cent, STB 0.91 per cent, and CTG 0.54 per cent.

After four days of selling foreign investors net bought some 2 million shares yesterday, valued at VND35.62 billion ($1.58 million). Today, however, they net sold some 5 million shares valued at VND102.68 billion ($4.56 million).

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