Main indexes close lower

13-Jan-2017 Intellasia | Vn Economic Times | 1:49 PM Print This Post

All main indexes down on January 12.

All main indexes on Vietnam’s stock market lost ground on January 12.

On HSX the VN Index fell 0.2 points (0.24 per cent) and the VN-30 Index 1.14 points (0.18 per cent). The VNMid-Index was up 2.13 points (0.26 per cent) and the VNSml-Index 0.86 points (0.11 per cent).

The HNX-Index lost 0.2 points (0.24 per cent) on HNX, the HNX30-Index 0.01 points (0.01 per cent), the UPCoM-Index 0.32 points (0.58 per cent), and the VNAll-Index 0.19 points (0.02 per cent).

HSX saw 115 shares increase and 120 decrease while HNX saw 98 increase and 109 decrease.

Liquidity on HSX was VND1.82 trillion ($80.64 million), 4 per cent lower than yesterday, and on HNX was VND229 billion ($10.14 million), approximately the same as yesterday.

The VN Index opened at 687.16 points and quickly increased to its peak of the day of 688.9 points early on. It then fell to 686.5 points and fluctuated before closing the morning session at 687 points. In the afternoon it hit its bottom of the day of 685.7 points early in the session before recovering to close at 686.96 points.

VNM closed at its opening price on relatively small liquidity of VND60 billion ($2.65 million). ROS was highest trading share on HSX, with some VND193 billion ($8.55 million) changing hands and increased 0.7 per cent in price.

In banking, VCB lost 1.4 per cent, BID 0.6 per cent and CTG 0.5 per cent. MBB and BID increased 0.7 per cent and 0.1 per cent, respectively.

In energy, CNG increased 1 per cent, PGD 0.8 per cent, and GAS 0.2 per cent.

Among other large caps on HSX, VIC and MWG closed at their opening price, BVH was up 2.6 per cent, and HPG down 0.8 per cent.

Among large caps on HNX, ACB, PHP, SHB and DBC closed at their opening price, PVI and VCS gained 0.8 per cent and 0.6 per cent, respectively, while VCG and PVS lost 2.1 per cent and 0.6 per cent, respectively.

Foreign investors net sold on HSX by VND187 billion ($8.28 million) and on HNX by VND2.2 billion ($97,482).

The key point today was advances in fertiliser stocks, including LAS, DPM, DCM and BFC, after the government approved a proposal for zero VAT rates on fertilisers. Meanwhile, State-owned lenders faced significant profit-taking pressure after a recent break out. Overall, blue-chips made the VN Index swing between gains and losses before ending lower. The VN Index is now moving within a resistance range of 685-690 points, the highest since September. Trading volumes improved while the Stochastic (15.3) is in the over-buying area, indicating further increases. Therefore, we see the possibility of the VN Index continuing to fluctuate and target 700-705 points in subsequent sessions.

KIS Vietnam Securities Corporation


Category: Stocks, Vietnam

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