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VNM pushes VN-Index forward

Released at: 18:37, 07/04/2016 Stock Market Watch

VNM pushes VN-Index forward

Positive day in all four indexes on April 7 marked by impressive trade in VNM.

by Hung Khanh

For the second day in a row all indexes closed higher on April 7. The VN-Index increased 3.81 points (0.67 per cent) on HSX and the VN30-Index 2.88 points (0.5 per cent), while on HNX the HNX-Index rose 0.38 points (0.48 per cent) and the HNX30-Index 0.1 points (0.07 per cent).

HSX saw 130 shares increasing and 86 decreasing while HNX saw 172 increasing and 109 decreasing.

The VN-Index bottomed out at the end of the morning session and hit its peak close to the end of the afternoon session. By end-morning it was down almost 2 points, to 568.33, then gradually clawed its way back to 572.22 points before closing at 571.60 points.

Liquidity on HSX was quite good, with some VND2 trillion ($89.7 million) changing hands via order matching, or about 30 per cent higher than the previous day.

The most impressive contributor to the VN-Index was VNM, rising four tick sizes in the afternoon. In the morning it increased just 0.73 per cent due to some technical orders of ten shares each. Afternoon trade then saw almost 1.73 million shares changing hands, valued at some VND241.3 billion ($10.82 million). VNM closed at VND141,000 ($6.32) per share, an increase of 2.1 per cent and its highest price since last November.

Among other large caps, GAS increased four tick sizes in the afternoon to close 2.56 per cent higher.

CII also saw high liquidity, with 4.14 million shares valued at VND103.3 billion ($4.63 million) traded via order matching. VNM and CII together accounted for 34.4 per cent of all liquidity on HSX during the afternoon session.

Among the ten largest caps on HSX, in addition to VNM and GAS, FPT was up 0.8 per cent while others closed at or just short of their opening price. VIC, VCB and HPG were down 0.8 per cent, 0.7 per cent and 0.3 per cent, respectively, and BID, MBB and CTG finished steady.

Foreign investors net bought on HSX by some VND109 billion ($4.88 million) and some VND4 billion ($179,400) on HNX.

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