August 16: Vietnam Stocks Close Mixed, Liquidity Shrinks
Vietnamese shares on the primary bourse continued to close marginally up today as heavy weighs outperformed, but stocks on the smaller cap bourse fell on caution, liquidity shrank.
The benchmark VN Index added 0.06 point or 0.01 percent to 430.83, just enough to be in the green. Volume fell further by 32.5 percent to 26.76 million shares worth of VND488.19 billion. Put through trading contributed 2.54 million shares worth of VND69.16 billion.
The market breadth remained negative on the primary bourse where 80 stocks advanced, 131 declined, 77 closed unchanged and the rest untraded.
The VN30 lost 1.58 points or 0.31 percent, to 514.47. Amongst its 30 members, 5 gained, 18 lost and 7 unchanged.
Market opened in the green with 0.9 million shares changed hands, the trading was sluggish, both buyers and sellers did not show any conviction today, but instead, they were watching each other and seemed to wait for tomorrow’s big day when SHB is traded at 25 percent band, liquidity fell as a result.
The color of the gauge depended much on key heavy weighs including VNM, GAS, VCB. After strong performance of 32 percent gain in the past 14 days, VNM had a volatile trading with a range of 6.3 percent today on thin volume and profit taking was clear.
The leading role of VNM seemed to mark an end today, other quick stars MBB, PVF were quiet.
Other blue chips VCB, GAS, DPM, CTG, PVD, SJS were among those which buoyed the market today.
On the Hanoi Stock Exchange, the HNX bucked trend, falling further 0.21 point or 0.3 percent to 69.94. Trading volume edged up 2.1 percent to 33.87 million shares worth VND315.69 billion.
The market breadth was negative where 79 rallied, 109 declined, 87 closed unmoved, the rest untraded.
HNX30 lost 0.54 point or 0.4 percent to 133.39.
Hanoi based lender Habubank (HBB) was the most active on the measure with 6.5 million shares changed hands, closing flat at VND5,200. Tomorrow August 17, HBB name will still in investors’ memory as it will be converted into SHB shares. SHB’s share price at VND9,300 at the close today will not be adjusted tomorrow despite bonus share issue at 21-for-100 ratio executed but instead an exceptional trading band of 25 percent is allowed.
PetroVietnam Construction Joint Stock Corporation (PVX) came second in volume on a trade of 2.6 million units, closing down 1.2 percent to end at VND8,300 per share.
VNDIRECT Securities Corporation (VND) ranked third with 2.2 million shares traded, closing flat at VND11,200.
http://stoxplus.com/News/88137/1/179/august-16-vietnam-stocks-close-mixed-liquidity-shrinks.stox
Category: Stocks
