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Banking & Finance

April 16: VN-Index down 0.75%

Released at: 18:38, 16/04/2018 Stock Market Watch

April 16: VN-Index down 0.75%

Index closes under 1,150 points on difficult day's trade.

by My Van

April 16 ended with little in the way of positive signs as selling pressure continued to increase and pull indexes down into the red.

The VN-Index lost 8.65 points (0.75 per cent) to close at 1,148.49 points, the HNX-Index 0.03 points (0.02 per cent) to 133.31 points, and the UPCoM-Index 0.29 points (0.48 per cent) to 59.03 points.

Overall market liquidity remained low. Trading volumes on HSX and HNX totaled just VND5.16 trillion ($226.5 million). The number of fallers on the three exchanges was 292 against 252 gainers.

The bright spot today was that foreign investors remained net buyers, primarily in VPI (nearly VND190 billion ($8.3 million)) and HDB (VND128 billion ($5.6 million)).

On HSX, foreigners were net sellers by 2.31 million shares worth VND57.49 billion ($25.32 million). Bluechips such as VNM, PNJ, HPG, FPT, BVH, BID, and VCB were sold quite strongly and had a significant impact on the market towards the end of trading.

VIC, MSN, PLX, and HDB performed well and curbed losses. HDB was net bought by 2.5 million shares and closed up VND1,000 ($0.043).

In real estate and construction, LDG, PDR, NTL, CEO, DRH, FCN, SJS, and VPI all gained. VPI was net bought by foreign investors to the tune of 4.5 million shares.

The Top 5 shares net bought by foreign investors were HDB, DHG, KDH, BVH, and SSI.

The two biggest losers were VCB and VNM, both of which shed 2.9 per cent.

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