All indexes down on low liquidity

21-Jan-2017 Intellasia | Vn Economic Times | 5:05 PM Print This Post

Indexes close in negative territory for second day in succession on January 19.

All main indexes onVietnam’s stock market fell again on January 19.

On HSX the VN Index fell 0.97 points (0.14 per cent), the VN-30 Index 2.10 points (0.33 per cent), the VNMid-Index 0.89 points (0.11 per cent), and the VNSml-Index 2.21 points (0.3 per cent).

The HNX-Index shed 0.42 points (0.5 per cent) on HNX, the HNX30-Index 0.87 points (0.59 per cent), the UPCoM-Index 0.24 points (0.45 per cent), and the VNAll-Index 3.03 points (0.32 per cent).

HSX saw 95 shares increase and 144 decrease while HNX saw 82 increase and 136 decrease.

Liquidity on HSX was VND1.54 trillion ($68.25 million), 5 per cent lower than yesterday, and on HNX was VND223 billion ($9.88 million), 14 per cent lower.

In food and beverages, SAB closed at its opening price and KDC and MSN lost 1.3 per cent and 0.8 per cent, respectively.

The VN Index opened at 683.28 points and tumbled to its bottom of the day of 681 points early in the morning session before recovering to 684.1 points and then losing ground to close at 683 points. In the afternoon session it fluctuated until late on then fell to close at 682.31 points.

VNM closed at its opening price on liquidity of VND109 billion ($4.83 million); the second highest on HSX. ROS recorded the highest liquidity, of VND258 billion ($11.43 million), and increased 0.7 per cent in price.

In banking, CTG and STB rose 2 per cent and 1.5 per cent, respectively. BID and EIB closed at their opening price while VCB lost 0.8 per cent and MBB 0.7 per cent.

In energy, PGD and GAS closed at its opening price, CNG fell 1.3 per cent, and PGD increased 1.3 per cent.

Among other large caps on HSX, BVH closed at its opening price and MWG and VIC lost 0.3 per cent and 0.2 per cent, respectively.

Among large caps on HNX, SHB was down 2.1 per cent, PVS 0.6 per cent, ACB 0.4 per cent and NTP 0.3 per cent. PHP and VCS increased 3.1 per cent and 0.8 per cent, respectively.

Foreign investors net bought on HSX by VND12 billion ($531,840 million) and on HNX by VND2.6 billion ($115,232).

The market again fluctuated within a narrow range amid low liquidity. We saw significant demand in certain groups, like banking, steel, construction materials, and retail. Investors paid greater attention to REE, PHR, and FPT. We also saw weaker selling pressure. In upcoming sessions, this may continue. We see gradually rising risks as our technical signals illustrate remarkable outflows. We therefore recommend investors not make any chasing actions. In the case of serious retreats, however, appropriate disbursements may be possible.

KIS Vietnam Securities Corporation


Category: Stocks, Vietnam

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