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Banking & Finance

VN-Index tumbles then recovers

Released at: 13:50, 25/11/2015 Stock Market Watch

VN-Index tumbles then recovers

Index down against opening after failing to recover fully from early slump.

by Hung Khanh

The VN-Index opened the morning session of November 25 at 593.87 points and quickly fell to 588.16 before recovering to close at 593.23, losing 0.6 points, or 0.1 per cent. The HSX saw 84 shares increase, 107 decrease, and 72 remain at their opening price.

Blue chips dragged the market down, with the VN30-Index losing 1.43 points, or 0.2 per cent.   

After one hour of trading VNM had fallen to VND120,000 ($5.33) but by the end of the session had returned to its opening price of VND123,000 ($5.46). Trade in the share was lower than in the last two days, with only 570,180 being traded compared with over 2.5 million yesterday and 1.5 million on Monday.

MSN saw little trade in the morning, with just 90,000 shares changing hands, and fell VND500 ($0.02) to VND70,000 ($3.11).

KDC increased in terms of both trade volume and price, increasing 1.6 per cent against its opening price on trade of some 1.5 million shares; higher than yesterday and Monday combined.

Banking and finance large caps VCB, CTG and STB fell slightly in the session, by 0.43 per cent, 0.51 per cent, and 0.81 per cent.

Real estate stocks also entered negative territory, with VIC losing 0.46 per cent, FLC 1.11 per cent, KBC 0.75 per cent, and NLG 0.45 per cent.

HHS saw the most liquidity in the session, with some 11 million shares being traded.

The HNX-Index followed the trend of the VN-Index, falling to 81 points before closing at 81.7.

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