Mixed results for markets on April 21.
Main indexes on HSX closed down on April 21 while those on HNX increased.
On HSX, the VN-Index fell 0.25 points (0.04 per cent) and the VN30-Index 1.70 points (0.25 per cent). The VNMid-Index rose 4.60 points (0.5 per cent) while the VNSml-Index lost 1.51 points (0.19 per cent).
On HNX, the HNX-Index gained 0.41 points (0.46 per cent) and the HNX30-Index 1.5 points (0.91 per cent). The UPCoM Index fell 0.1 points (0.17 per cent) and the VNALL-Index 6.1 points (0.59 per cent).
Liquidity on HSX reached VND3.4 trillion ($150 million), 31 per cent higher than yesterday, and on HNX was VND469 billion ($20.1 million), 17 per cent higher.
The VN-Index opened at 712.66 points and rose to 715 points late on before falling to 714.8 points at the close of the morning session. It then fell dramatically in the afternoon session, reaching its bottom of the day of 711.2 points late on before recovering to finish at 712.41 points.
Among large caps in food and beverage, BHN increased 0.9 per cent, SAB 0.5 per cent, and MSN 0.2 per cent. KDC lost 2.9 per cent, SBT 0.3 per cent, and VNM 0.1 per cent.
In banking, MBB and VCB increased 0.7 per cent and 0.3 per cent, respectively, as STB fell 3 per cent, EIB 2.2 per cent, CTG 1.7 per cent, and BID 0.3 per cent.
In energy, PGD increased 0.9 per cent, CNG closed at its opening price, and GAS lost 0.7 per cent.
In real estate, NVL increased 2.4 per cent, FLC 1.6 per cent, and DXG 0.7 per cent. KBC shed 1 per cent, KDH 0.4 per cent, and VIC 0.3 per cent.
Among other large caps, MWG and ROS increased 0.3 per cent, FPT closed at its opening price, and VJC lost 0.2 per cent.
ROS saw the highest liquidity on HSX, with VND1.4 trillion ($61.6 million), followed by PLX with VND239 billion ($10.5 million), and FLC with VND147 billion ($6.4 million). The largest cap, VNM, saw liquidity of some VND64 billion ($2.8 million).
On HNX, SHB increased 4.1 per cent, VCG 1.4 per cent, and NTP 0.4 per cent. ACB, PVS, PVI, PHP and VNR closed at their opening price while VCS lost 1.4 per cent.
Foreign investors net bought on HSX by VND2.3 billion ($101,246) and on HNX by VND5 billion ($220,100).
The VN-Index fluctuated within a tight range and declined at the end of the day after approaching the resistance level of 717 points, due to selling pressure on the VN30 group. Sellers outpaced buyers while bottom-taking demand was weak. Higher profit-locking pressure narrowed PLX’s early gains while SCIC’s divestment plan could not support big names like FPT, BMP, and NTP to break out. This illustrated the cautious market sentiment. There were some gains in shares with supportive information, such as NVL, VC3, and VND. The VN-Index is moving within a range of 700-717 points while market risk becomes higher because momentum and money confirmation indicators are negative. Based on the current situation, the expected scenario is that the VN-Index’s support range of 700-705 will likely to be tested. A lower stock exposure and higher cash ownership is therefore recommended.
KIS Vietnam Securities Corporation