Tale of two markets on March 15.
All main indexes on HSX lost ground on March 15 as those on HNX closed higher.
On HSX, the VN-Index fell 1.57 points (0.22 per cent) and the VN30-Index 1.89 points (0.28 per cent). The VNMid-Index 2.85 increased 2.21 points (0.25 per cent) and the VNSml-Index 1.83 points (0.23 per cent).
On HNX, the HNX-Index rose 0.29 points (0.34 per cent), the HNX30-Index 0.01 points (0.01 per cent), and the UPCoM-Index 0.38 points (0.66 per cent). The VNALL-Index lost 0.33 points (0.03 per cent).
HSX saw a 103 point increase followed by a 130 point decrease while HNX saw a 120 point increase followed by a 127 point decrease.
Liquidity on HSX reached VND3.2 trillion ($140.2 million), 10 per cent higher than yesterday, and on HNX was VND412 ($18 million), 19 per cent lower.
The VN-Index opened at 714.71 points and reach its peak of the day of 716.3 points early on before fluctuating and falling to close the morning session at 715 points. In the afternoon it continued downwards and closed the day’s trade at 713.14 points.
In food and beverages, VNM and MSN increased 1.8 points and 1.3 per cent, respectively, KDC and SBT closed at their opening price, and SAB and BHN lost 1 per cent.
BID was the only banking share to increase, by 0.3 per cent. EIB closed at its opening price and MBB and STB lost 1 per cent, CTG 0.6 per cent, and VCB 0.3 per cent.
In energy, PGD rose 2.1 per cent, CNG fell 0.8 per cent, and GAS closed at its opening price.
In real estate, KDH and DXG closed up 4.1 per cent and 0.9 per cent, respectively, and NVL lost 3 per cent, VIC 1.3 per cent, and FLC and KBC 0.4 per cent.
Among other large caps on HSX, ROS, MWG and BVH increased 1.3 per cent, 1.2 per cent and 0.2 per cent, respectively. VJC fell 6.2 per cent and HPG 1.2 per cent.
ROS was the highest traded share on HSX, with VND721 billion ($31.6 million) changing hands. VNM saw better liquidity than previous days, of VND156 billion ($6.8 million), behind only ROS.
On HNX, VCS increased 1.7 per cent, ACB 1.3 per cent, and NTP 1 per cent. SHB and HUT closed at their opening price and VCG lost 1.3 per cent and PVS and PHP 0.6 per cent.
Foreign investors net bought on HSX by VND18 billion ($788,580 million) and net sold on HNX by VND2 billion ($87,620).
In line with global equities, the VN-Index continued to fluctuate within a narrow band amid low liquidity. This illustrates cautious market sentiment. Investors are holding positions on fundamentally good stocks due to expectations of further increases. Buyers are skeptical about recent non-active trading actions and waiting for central bank policy decisions. Today, the VN-Index was taken down by the VN30 group’s retreat after recent rallies. There were some increases in shares with supportive information, like VNM, DXG, NLG, and MWG, while sales pressure was still put on many groups, like oil and gas producers, bankers, natural rubber producers, and steel manufacturers. In upcoming sessions, we see the VN-Index retreating and returning to the support range of 700-705 points. Investors should therefore make further observations and repurchase an appropriate amount of fundamentally good stocks.
KIS Vietnam Securities Corporation