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Banking & Finance

December 4: VN-Index up slightly

Released at: 14:59, 04/12/2018

December 4: VN-Index up slightly

Source from TVSI

Index gains just 0.11% in morning trade.

by My Van

Vietnam’s stock market had a generally positive December 4. Bluechips VHM, VJC, VRE, BHN, VIC, VNM, MSN, and BVH as well as banking stocks BID, VPB, and TCB all rose and supported the market.

Increases also spread to other sectors such as securities and real estate and construction. In oil and gas, GAS, PVS, PVD, and PVB did well, following gains yesterday. VHC has rebounded recently and rose VND1,200 ($0.05) to VND100,200 ($4.31).

Sales pressure appeared after the opening minutes, stemming the momentum gained early on. Movements in Asian markets also affected investor psychology.

The VN-Index finished the morning up just 1.05 points (0.11 per cent) to 952.64 points, while HNX-Index lost 0.5 points (0.47 per cent) to 107.14 points and UPCoM-Index remained at 53.06 points.

Liquidity improved but was still low, with a matching order value of VND2.2 trillion ($94.7 million). Foreigners were net buyers by VND50 billion ($2.15 million), with a focus on VNM and VIC, net buying by VND37 billion ($1.5 million).

VIC lost 0.1 per cent in the morning, GAS 1 per cent, HPG 1.3 per cent, PLX 0.5 per cent, VCB 1 per cent, BID 0.5 per cent, and CTG 1.2 per cent.

The best gainers were VRE, by 2.1 per cent to VND32,000 ($1.37) VHM, by 1.8 per cent to VND79,100 ($3.4), MSN, by 1.2 per cent to VND83,200 ($3.57), and TCB, by 1.5 per cent to VND27,600 ($1.18).

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