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VNM announcement impacts market

Released at: 13:06, 14/12/2015 Stock Market Watch

VNM announcement impacts market

ETF's intention to pick up shares affects morning trade on December 14.

by Hung Khanh

Market Vectors Index Solutions (MVIS) has announced the addition of HHS and HPG to its Market Vectors Vietnam ETF (VNM), with proportions of 1.39 per cent and 3.67 per cent, respectively.

The announcement had an immediate influence on trade during the morning session on December 14 of shares in HHS and HPG.

HHS saw strongest buy in from domestic investors, as the VNM sought 7.6 million shares. Foreign investors this morning bought 140,320 HHS shares, pushing it up by 1.95 per cent at the end of trading. It was also attractive to investors as it had lost about 10 per cent over the last ten days. HPG rose 2.68 per cent, meanwhile, to close at VND30,600 ($1.36).

About 96 per cent of the 3.44 million HHS shares traded this morning came from domestic investors buying. It saw the second-highest liquidity and the highest value, of some VND54 billion ($2.39 million), while FLC saw the highest liquidity, with some 6 million shares traded.

VNM seeking certain shares also pushed SSI, KDC, and HAG into positive territory, which SSI increasing 1.79 per cent, KDC 2.47 per cent, and HAG 1.75 per cent. Together with HPG and HHS, these five shares were the most liquid in the morning session. Losses included MSN, by 2.11 per cent, STB 3.33 per cent, VIC 0.48 per cent, PVD 1.12 per cent, and PVT 2.06 per cent.

Oil shares continued to be negatively influenced by international prices, with GAS falling 2.86 per cent, PVD 2.1 per cent, PVS 2.84 per cent, PVB 4.19 per cent, PVG 2.3 per cent, and PGS 1.14 per cent.

The VN-Index closed the morning 0.16 per cent down, the VN30-Index 0.15 per cent, the HNX-Index 0.74 per cent, and the HNX30-Index 0.93 per cent.

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