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Banking & Finance

HSX up, HNX down

Released at: 18:43, 14/02/2017 Stock Market Watch

HSX up, HNX down

Mixed fortunes for stock markets on February 14.

by Hung Khanh

Main indexes on HSX increased on February 14 while the opposite was true on HNX.

On HSX the VN-Index increased 0.36 points (0.05 per cent) and the VN30-Index 0.75 points (0.11 per cent). The VNMid-Index lost 2.89 points (0.34 per cent) while the VNSml-Index gained 4.41 points (0.57 per cent).

On HNX, the HNX-Index fell 0.23 points (0.27 per cent), the HNX30-Index 0.61 points (0.39 per cent), the UPCoM-Index 0.12 points (0.23 per cent), and the VNALL-Index 0.18 points (0.02 per cent).

HSX saw a 127 point increase followed by a 119 point decrease while HNX saw a 112 point increase followed by a 135 point decrease.

Liquidity on HSX reached VND2.8 trillion ($123.11 million), about 7 per cent higher than yesterday, and on HNX was VND430 billion ($18.9 million), virtually unchanged.

The VN-Index opened at 705.9 points and then climbed quickly to reach its peak of the day of 707.3 points before falling and fluctuating to close morning at 705.8 points. In the afternoon it tumbled to its bottom of the day of 703.9 points early on before recovering and closing the day’s trade at 706.26 points.  

Among food and beverage stocks, BHN saw the heaviest loss, of 1.8 per cent, followed by MSN with 0.72 per cent, VNM 0.67 per cent and KDC 0.4 per cent. SAB rose 1.2 per cent and SBT 0.4 per cent.

Most banking shares increased, including SBT, by 1 per cent, BID 0.9 per cent, CTG 0.8 per cent and EIB 0.5 per cent. The sector’s largest cap, VCB, shed 0.4 per cent and MBB lost 0.7 per cent.

In energy, GAS closed at its opening price while PGD fell 0.5 per cent and CNG rose 0.8 per cent.

Among other large caps on HSX, HPG rose 0.8 per cent and VIC 0.1 per cent, NVL closed at its opening price and BVH lost 2.3 per cent and MWG 0.7 per cent.

ROS was again the highest-traded share on the market, with VND361 billion ($15.87 million) changing hands as it increased 0.9 per cent in price. HPG followed, with VND203 billion ($8.92 million). The largest cap, VNM, saw low liquidity, of just VND89 billion ($3.91 million); the fifth-highest on HSX.

On HNX, most large caps closed at their opening price, including ACB, PVS, VCS, NTP, PHP and VCG. VNR lost 6.6 per cent, SHB 2 per cent, DBC 0.9 per cent and PVI 0.4 per cent.

Foreign investors net bought on HSX by VND3 billion ($131,910) and by VND13 billion ($571,610) on HNX.

Although there were significant fluctuations caused by profit-taking pressure on mid-cap stocks, we assess the VN-Index’s movement to be positive after it broke out its short-term resistance range of 700-705 points. Investor sentiment was optimistic amid increasing liquidity, which also found its way into other groups, like textiles and cement. However, the appearance of Doji indicates the VN-Index’s upcoming swings. Smart money will also rotate among groups. Therefore, we recommended investors keep a high stock weight and limit any selling as the market fluctuates.

KIS Vietnam Securities Corporation

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