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Banking & Finance

December 6: VN-Index down slightly

Released at: 14:50, 06/12/2018 Stock Market Watch

December 6: VN-Index down slightly

Charter from: tinnhanhchungkhoan

Negativity around Asia leaves a mark.

by Hai Van

Despite an air of caution, domestic investor psychology was stronger on December 6 than previously and the market fluctuated slightly within a narrow margin.

Large caps such as VHM, MSN, TCB and VJC supported the VN-Index.

Negative signs around Asia saw the local market struggle early on but cash flow then poured in quickly and reversed any declines.

At 10am, the VN-Index was up 1.4 points (0.15 per cent) to 958.54 points and the HNX-Index and UPCoM-Index recovered to near their reference levels.

Market liquidity was quite good, with a matching order value of over VND1 trillion ($42.9 million). Foreigners were net buyers, but by just VND7 billion ($300,380).

The market was affected by Asian stock markets, with the Hang Seng Index, the Shanghai Composite Index, the Nikkei225, and the Kospi all falling.

The VN-Index finished the morning down 2.8 points (0.29 per cent) to 954.34 points, the HNX-Index 0.38 points (0.35 per cent) to 107.36 points, and the UPCoM-Index 0.18 points (0.34 per cent) to 53.19 points. Liquidity was a handy VND2.3 trillion ($98.6 million) in total.

Foreign investors net bought by more than VND22 billion ($944,060).

Bluechips such as VHM, PNJ, VJC, MSN, SAB, and EIB did well and were pillars curbing any steep declines. Cash flow was quite strong real estate, which spread to other stocks.

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