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Banking & Finance

All indexes gain ground

Released at: 18:45, 16/03/2017 Stock Market Watch

All indexes gain ground

Positive day's trade seen on March 16.

by Duy Manh

All main indexes on Vietnam stock market finished higher on March 16.

On HSX, the VN-Index increased 1.78 points (0.25 per cent), the VN30-Index 4.5 points (0.68 per cent), the VNMid-Index 7.69 points (0.86 per cent), and the VNSml-Index 4.48 points (0.55 per cent).

On HNX, the HNX-Index rose 0.51 points (0.59 per cent), the HNX30-Index 2.05 points (1.3 per cent), and the UPCoM-Index 0.28 points (0.49 per cent). The VNALL-Index lost 7.21 points (0.71 per cent).

HSX saw a 154 point increase followed by a 107 point decrease while HNX saw a 140 point increase followed by a 113 point decrease.

Liquidity on HSX reached VND3.4 trillion ($149.2 million), 6 per cent higher than yesterday, and on HNX was VND412 billion ($18.1 million), 8 per cent lower.

The VN-Index opened at 713.14 points and reached 714 points early on then tumbled to its bottom of the day of 711.3 points. It then increased to 713.7 points and continued upwards to close the morning session at 714.7 points. It fluctuated throughout the afternoon and finished the day at 714.92 points.

In food and beverages, VNM increased 0.8 per cent, KDC 0.7 per cent, and SAB 0.6 per cent. SBT closed at its opening price while BHN and MSN lost 2.6 per cent and 0.6 per cent, respectively.

In banking, EIB rose 0.5 per cent, VCB 0.4 per cent, and CTG 0.3 per cent. MBB and STB closed at their opening price while BID lost 0.6 per cent.

In energy, CNG increased 2 per cent and GAS 1.1 per cent while PGD shed 1.3 per cent.

In real estate, NVL and FLC lost 1 per cent and 0.7 per cent, respectively, while KDH increased 3.9 per cent, DXG 2.6 per cent, VIC 1.2 per cent, and KBC 1.1 per cent.

Among other large caps on HSX, VJC fell 4.1 per cent, ROS 3.2 per cent, MWG 1.7 per cent, and BVH 0.2 per cent.

ROS was the highest traded share on HSX, with VND960 billion ($42.1 million) changing hands. HAG was second, with VND202 billion ($8.9 million), then VNM with VND121 billion ($5.3 million).

On HNX, HUT increased 9.6 per cent, NTP 2.2 per cent, VCG 1.9 per cent, PVI 0.8 per cent, PVS 0.6 per cent, VCS 0.5 per cent, and ACB 0.4 per cent. SHB closed at its opening price and PHP lost 1.2 per cent.

Foreign investors net bought on HSX by VND197 billion ($8.6 million) and net sold on HNX by VND3 billion ($131,700).

After early fluctuations, the market regained lost ground and reflected movements in global equities. We saw better investor sentiment following the publication of forecasts from central bank policy decisions, especially those of the US Fed. Trading volumes rose 25 per cent compared to yesterday despite being below the 20-day average. However, there was a lack of upward momentum and investors should wait for information from AGMs. Technically, the VN-Index has been in a triangular pattern, which is evidence of unclear signals. It is likely to trade within a range of 705-717 points, retesting the support level of 700-705 points and also the resistance level of 715 points. Traders should therefore adopt a “buy-low sell-high” strategy while mid- and long-term investors could take advantage of retreats in order to buy stocks with solid prospects.

KIS Vietnam Securities Corporation

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