Falls of beverage, aviation stocks hit market

18-Mar-2017 Intellasia | The Saigon Times | 7:38 AM Print This Post

Though some large caps advanced on March 15, the stock market lost ground given sharp declines of beverage and aviation stocks. The VN Index closed the day at the intraday low of 713.14, falling 1.57 points, or 0.22 percent, against the previous session.

VNM, MSN, CTG and ROS sent the main index up at the end of the morning phase but stocks retreated quickly in the afternoon over investor caution. In the VN30 group, 18 stocks fell while eight others managed to rise, pushing the VN30-Index down 1.89 points, or 0.28 percent, at 663.57.

Turnover of theHCMCityexchange reached 139.5 million shares with a total value of over VND3.4 trillion, rising 3.5 percent and 6.2 percent against the session earlier respectively. In which, the put-through market contributed nearly 9.8 million shares worth VND295 billion.

While most blue chips like VIC, VCB, CTG and MBB performed poorly, VNM hit the intraday high at VND133,000 per share, advancing 1.76 percent against Tuesday on matching volume of nearly 1.2 million shares. Foreign investors net purchased over 370,000 VNM shares.

ROS also extended its uptrend with a 1.3 percent increase. However, the two stocks failed to keep the market afloat as beverage stocks SAB and BHN tumbled.

VJC lost a massive 6.2 percent to VND121,500 each share for announcing that it will issue shares via a private placement. Closing the day, investors changed hands over 662,000 VJC shares.

FLC took the lead for liquidity with over 15 million shares but dropped a slight 0.4 percent at VND7,670 a share. HQC was the second most actively traded stock with 8.7 million shares, followed by HAG with 5.5 million shares.

Meanwhile, theHanoimarket increased for the second straight session with ACB giving the most support. With 80 stocks rising and 88 others dipping, the HNX-Index added 0.29 point, or 0.34 percent, from the previous day to 87.45.

Turnover on the northern bourse kept falling with 38.2 million shares worth VND442.6 trillion traded, including meager bloc deals worth less than VND10 billion.

ACB, the most positive contributor, added 1.3 percent at VND23,100 a share with volume of more than 1.8 million shares. Notably, investors offloaded TVC shares as the stock had hit the ceiling price for two days in a row, sending TVC down plunging to its floor price of VND13,500 each with over 1.9 million shares traded.

Foreign investors net sold 1.4 million shares on the southern bourse but they still reported a net buying value at VND17.8 billion, down 42 percent against the previous day. On the northern exchange, they net sold a slight VND2.37 billion.

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Category: Stocks, Vietnam

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