HSX up while HNX down

14-Nov-2016 Intellasia | Vn Economic Times | 2:05 PM Print This Post

Mixed bag on two markets on November 11.

Vietnam’s two markets performed differently on November 11, as indexes on HSX increased while those on HNX lost ground.

On HSX the VN Index increased 1.03 points (0.15 per cent) and the VN30-Index 0.1 points (0.02 per cent), while on HNX the HNX-Index closed down 0.19 points (0.23 per cent) and the HNX30-Index 1.08 points (0.74 per cent).

The VNAll-Index closed up 0.19 points (0.02 per cent) and the UPCoM Index lost 0.15 points (0.25 per cent).

HSX saw 117 shares increasing and 138 decreasing while HNX saw 137 increasing and 113 decreasing.

Liquidity on HNX was VND282 billion ($12.62 million), 26 per cent lower than yesterday, and on HSX VND1.66 trillion ($74.33 million), down 14 per cent.

The VN Index opened at 678.4 points and quickly hit 679.6 points before slipping to 676.8 points in the middle of the morning session. It then traded flat for some time before closing at 677.9 points. In the afternoon it rose to 679.3 points early on but soon eased to 678.3 points then increased to its peak of the day of 679.6 points late on before finishing the day at 679.2 points.

Most large caps fell. VNM lost 0.4 per cent on trade of VND111 billion ($4.97 million), the fourth-highest of the day. ROS saw the highest trade, of VND247 billion ($11.06 million), and hit its ceiling in rising 7 per cent. FLC followed in trade, with VND165 billion ($7.38 million) changing hands and closing up 3.9 per cent. HPG ranked third with some VND140 billion ($6.26 million) and shed 1.3 per cent.

No banking shares increased, with STB, CTG, BID, VCB and MBB losing 1.9 per cent, 0.9 per cent, 0.6 per cent, 0.4 per cent, and 0.4 per cent, respectively. EIB closed at its opening price.

In energy, GAS was only share to increase, by 0.2 per cent, while PGD lost 5.9 per cent and CNG 0.2 per cent.

Among other large caps on HSX, VIC was up 2.8 per cent and BVH and MSN lost 0.8 per cent.

Among large caps on HNX, ACB and NTP closed at their opening price. VCG fell 1.9 per cent, SHB 1.8 per cent, PVS 1.1 per cent, PVI 0.4 per cent, and VCS 0.2 per cent. VNR gained 4.8 per cent, PHP 1.8 per cent, and DBC 0.3 per cent.

Foreign investors net sold on HSX by VND72 billion ($3.22 million) and net bought on HNX by VND3.2 billion ($143,296).

Following yesterday’s impressive rebound, the VN Index increased slightly today for its fourth gain in five days. Market sentiment, nevertheless, was cautious as the index approached the 680-point threshold, fostering profit-taking and pushing seven of ten sector indexes downwards. Money tended to flow into real estate and natural rubber amid positive prospects for good fourth quarter business results. Other sectors, like garments and seafood, continued falling due to concerns over whether US president-elect Donald Trump will delay or even stop the ratification of the TPP.

Technically, there is a lack of bullish reversal signs, though our momentum indicators confirmed money returning. In the sessions to come the VN Index is likely to experience strong fluctuations and post further gains on high liquidity after breaking out of the resistance level of 675-680. However, we remain cautious about market movements, especially as speculation about US economic plans has been significantly affecting global equities.

KIS Vietnam Securities Corporation



Category: Stocks, Vietnam

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