Market retreats slightly with declines all round on February 16.
All main indexes on Vietnam’s stock market closed lower on February 16.
On HSX, the VN-Index fell 2.22 points (0.31 per cent) and the VN30-Index 1.36 points (0.2 per cent), while the VNMid-Index increased 0.11 points (0.01 per cent) and the VNSml-Index lost 2.53 points (0.32 per cent).
On HNX, the HNX-Index fell 0.67 points (0.77 per cent) and the HNX30-Index 1.36 points (0.2 per cent), while the UPCoM-Index rose 0.06 points (0.11 per cent) and the VNALL-Index lost 4.63 points (0.46 per cent).
HSX saw a 112 point increase followed by a 132 point decrease while HNX saw a 134 point increase followed by a 116 point decrease.
Liquidity on HSX reached VND3.4 trillion ($149.4 million), down 21 per cent compared to yesterday, and on HNX was VND551 billion ($24.21 million), 32 per cent higher.
The VN-Index opened at 711.57 points and increased to 715.9 points over the course of the morning session. In the afternoon it dipped slightly before reaching its peak of the day of 717.6 points in mid-session then tumbling and closing the day’s trade at 709.35 points.
Among food and beverage stocks, SAB and KDC increased 0.7 per cent and 0.5 per cent, respectively, while BHN lost 1.6 per cent, VNM 0.8 per cent and SBT 0.2 per cent, and MSN closed at its opening price.
In banking, EIB hit its floor, falling by 6.92 per cent, while BID lost 2 per cent and VCB 1 per cent. CTG closed at its opening price and STB increased 5 per cent and MBB 0.7 per cent.
In energy, PGD closed at its opening price while CNG and GAS increased 0.5 per cent and 0.3 per cent, respectively.
Among other large caps on HSX, VIC lost 1.1 per cent, HPG 1 per cent and BVH 0.5 per cent, NVL rose 1.3 per cent and ROS 0.7 per cent, and MWG closed at its opening price.
ROS was again the highest-traded share on the market, with VND361 billion ($15.86 million) changing hands. HPG followed, with VND202 billion ($8.8 million). The largest cap, VNM, saw poor liquidity, with VND88 billion ($3.86 million); only the tenth-highest on HSX.
HAG surprised the market today, seeing liquidity of VND149 billion ($6.54 million) and closing up 3.7 per cent.
On HNX, PHP rose 2.5 per cent, SHB 2 per cent and PVI 0.4 per cent. ACB lost 2.6 per cent, VCG 2.5 per cent, PVS 1.6 per cent, VNR 1.3 per cent and VCS 1.2 per cent, while NTP closed at its opening price.
Foreign investors net bought on HSX by VND179 billion ($7.86 million) and by VND10 billion ($439,400) on HNX.
As expected, the market retreated slightly and ended at an intraday low as investors looked for profit, especially in blue-chips, after a four-day gain. Most groups, like banking, oil and gas, construction materials, and textiles, reversed and fell, bringing the market down with them and erasing early gains. The bright spot was in construction and natural rubber stocks, whose leaders maintained upwards momentum. We believe that today is only a retreating session and the market needs a period of accumulation before continuing the uptrend. We recommend investors seek a high stock weight, especially in fundamentally good shares, and take advantage of retreats.
KIS Vietnam Securities Corporation