March 20: Vietnam Stocks Edge Up, March CPI Supports
Vietnamese stocks edged up in the morning session with support from low March CPI figure, however, liquidity stayed low as high caution remained.
The benchmark VN Index added 0.45 point or 0.1% to 438.52.
Volume stood at 41.39 million shares worth VND566.3 billion of which put-through trading contributed 4.1 million shares worth VND75.64 billion.
Put-through trading saw 1.6 million ITA shares changed hands at VND10,200 each. This is the second straight trading session that ITA shares were heavily changed hands in the put-through deals.
Market opened the morning session in the red with 3.2 million shares changed hands. Trading pace at the first 15 minutes of order matching session was very fast with aggressive buying which sent the index to the positive ground quickly. However, sellers were right there offloading shares at high prices, pulling down the market back to underground level. The time that index spent in the positive and negative ground was equal, but the gain had stronger points. The market ended morning session narrowly in the green.
VN30 was stronger than the broader market, posting 1.3 points gain or 0.26% to 498.52. Volume dropped to 10.9 million shares worth of VND239.84 billion.
Market breadth was still negative; losers outpaced gainers by 124-118 and 68 stayed unchanged, of which 28 limited up, 21 limited down.
Broker shares outperformed, SBS continued its ceiling performance while HCM, SSI extended their gains.
Banking stocks mixed, VCB continued to post sharp gain after briefly hitting the ceiling price at a time, CTG, EIB, and MBB gained while STB fell on profit taking.
Foreigners still have strong appetite for banking stocks, they uploaded 0.7 million VCB shares, nearly 0.5 million STB shares, and 142,140 CTG shares.
Property shares were mixed NTL, DIG, ITC gained, ITA, DIC, KBC stayed flat while DXG, SJS, LCG, TDH closed down of which 2.3 million LCG shares waiting to be filled at the floor price on the offer side.
Other notable performance was VNE which saw 2 million shares filled at upper limit price while another 2.6 million share bids waiting to be filled at the ceiling price.
BVH continued its floor performance with thin volume, MSN swung from loss to slight gain at the morning close.
Market got support with low March CPI in two biggest cities. Hanoi posted 0.19% CPI rise while Ho Chi Minh’s figure came out at 0.12%, hinting the country’s figure lower than expected.
On the Hanoi Stock Exchange, the HNX gained 1.1 points or 1.5% to 74. Trading volume fell to 50.66 million shares traded for VND498.94 billion.
Market breadth remained negative with 139 gainers, 193 losers, 64 unchanged of which 46 hit the ceiling while 26 fell to the floor.
Active players were strong performers except for HBB (6.65 million shares) closing 1 price line down , PVX (5.4 million shares) rose; VND (4,07 million shares); SCR (3.5 million shares) both limited up.
Broker shares continued to perform well, KLS, BVS, APS, AVS, APG, OGS, PHS, PSI , TAS, WSS all limited up.
Category: Stocks
