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Banking & Finance

VN-Index up just slightly

Released at: 12:31, 13/01/2016 Stock Market Watch

VN-Index up just slightly

Index unable to maintain momentum from previous days on morning of January 13 while VN30-Index closes down a touch.

by Hung Khanh

The HSX twice reached a peak of just over 566 points on the morning of January 13 before fluctuating around 564 points then closing at 564.65 points, just 0.39 points (0.07 per cent) higher. The market saw 92 shares increasing and 65 decreasing.

The VN30-Index also reached a peak before falling and closing down 0.61 points (0.1 per cent).

Banking shares saw only two large caps rise: CTG, by 0.56 per cent, and VCB by 0.47 per cent, with EIB down 0.88 per cent, STB down 0.8 per cent, and BID and MBB closing at their opening price.

Brokerage shares continued with the solid trade seen yesterday, with large caps on the rise including HCM, by 2.12 per cent, SSI 1.45 per cent, and BSI 1.1 per cent. On HNX, BVS rose 1.79 per cent, KLS 1.56 per cent, and VND 0.9 per cent.

Oil and gas shares briefly shook off the woes caused by the slumping oil price. While ASP hit the floor of 5.41 per cent and CNG finished 0.95 per cent down, other large caps in the sector either increased or closed at their opening price, with GAS rising 1.73 per cent and PGD 0.28 per cent.

The reason for the fall in the VN-Index in the second half of the session was large caps in the food and beverage sector heading downwards, with VND falling 0.81 per cent and MSN 0.65 per cent.

Real estate shares also found themselves in negative territory, with FLC closing 2.53 per cent lower, ASM 1.69 per cent, and VIC 1.04 per cent.

HHS performed impressively, increasing 4.39 per cent on trade that was just half of yesterday’s total, or 3 million shares.

The HNX index increased 0.29 points (0.38 per cent) in the morning session, with 83 shares increasing and 77 decreasing.

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