VN Index falls on low liquidity

27-Dec-2016 Intellasia | Vneconomic Times | 3:47 PM Print This Post

Index the only main index to fall on December 26.

The VN Index was the only main index on Vietnam’s stock markets to close down on December 26.

The VN30-Index increased 0.98 points (0.16 per cent) but was unable to help the VN Index, which lost 1.92 points (0.29 per cent). Other indexes on HSX were also down – the VNMid-Index by 2.29 points (0.29 per cent) and the VNSml-Index 4.04 points (0.54 per cent).

The HNX-Index edged 0.17 points (0.21 per cent) upwards and the HNX30-Index 0.55 points (0.39 per cent). The UPCoM-Index gained 0.19 per cent (0.35 per cent) while the VNAll-Index lost 0.52 points (0.06 per cent).

HSX saw 111 shares increase and 143 decrease while HNX saw 80 increase and 97 decrease.

Liquidity on HNX was VND272 billion ($11.95 million), more or less the same as last Friday, and on HSX was VND1.4 trillion ($61.5 million), down about 9 per cent and at its lowest level since November 11.

The VN Index opened at 664.37 points and fell heavily, hitting its bottom of the day of 662.1 points mid-morning before recovering and fluctuating then closing the session at 664.7 points. It fell again during the afternoon session and finished the day at 662.45 points.

VNM lost 1.2 per cent on very low liquidity of VND77 billion ($3.38 million), 56 per cent less than last Friday. At the end of the day it received information that DC Developing Markets Strategies had registered to buy 500,000 shares to increase its holding from 0.06 per cent to 0.09 per cent.

Other large caps in food and beverages also struggled, with SAB, MSN, and KDC closing at their opening price while SBT shed 3.9 per cent.

ROS increased for the ninth day in a row on the highest liquidity on HSX of VND183 billion ($8.7 million ), which was down 40 per cent against last Friday.

Steel’s two largest shares closed up on high liquidity: HPG by 2 per cent on VND167 billion ($7.33 million) and HSG 1 per cent on VND123 billion ($5.4 million), which were the second and third highest on HSX.

In banking, VCB increased 1.4 per cent and STB 0.1 per cent, EIB lost 4.2 per cent, MBB 0.4 per cent and CTG 0.3 per cent, while BID closed at its opening price.

In energy, GAS was down 1.5 per cent, PGD 4.5 per cent, and CNG 3.5 per cent, while PGC rose 0.8 per cent.

In agriculture, VHG, HNG and GTN fell 3.4 per cent, 2.3 per cent and 0.8 per cent, respectively, while DPM increased 0.2 per cent.

Among other large caps on HSX, BVH shed 0.7 per cent and VIC 0.2 per cent.

Among large caps on HNX, ACB, PVS and VCG rose 2.9 per cent, 1.2 per cent, and 0.7 per cent respectively. SHB and PVI closed at their opening price while PHP lost 1.7 per cent and VCS 0.1 per cent.

Foreign investors net sold on HSX by VND320 billion ($14 million), focusing mostly on VIC via put through, totalling VND378 billion ($16.6 million), and net sold on HNX by VND1.8 billion ($79,092).


Category: Stocks, Vietnam

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