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Banking & Finance

Indexes close in positive territory

Released at: 18:14, 10/11/2017 Stock Market Watch

Indexes close in positive territory

Solid performance all round on November 10.

by Hai Van

All main indexes on Vietnam’s stock market finished higher on November 10.

On HSX, the VN-Index increased 7.81 points (0.91 per cent) and the VN30-Index 5.5 points (0.64 per cent).

On HNX, the HNX-Index rose 0.51 points (0.48 per cent), the HNX30-Index 0.21 points (0.11 per cent), and the UPCoM-Index 0.06 points (0.11 per cent).

Liquidity on HSX reached VND4.7 trillion ($206.9 million) and on HNX was VND461.3 billion ($20.3 million).

There were 147 shares increasing and 115 falling on HSX while 95 rose and 84 fell on HNX.

The VN-Index opened at 860.40 points and increased to 866.7 points at the close of the morning session. In the afternoon, it continued to gain ground and closed at 868.21 points.

Near the end of trading on HSX, Vinamilk (VNM) hit its ceiling with high bidding. It has been increasing over the last two weeks but today saw strong buying pressure from foreign investors.

VRE hit its ceiling, with nearly 22 million shares traded. Penny stocks such as KSA, KSH, KSK, ACM, CMI, and KHB were under sales pressure again and hit their floors.

In banking, CTG increased 3.6 per cent, STB 2.2 per cent, BID 0.4 per cent, and MBB 0.2 per cent, while VCB remained unchanged.

In energy, PVD rose 1.8 per cent and NT2 0.8 per cent while PPC lost 0.4 per cent and PLX 0.3 per cent. GAS closed at its opening price.

In construction and real estate, NVL gained 0.7 per cent, CTD 0.4 per cent and ROS 0.2 per cent, while VIC lost 3.8 per cent.

Foreign investors net bought by VND1.1 trillion ($48.4 million) on HSX and VND3.8 billion ($167,314) on HNX.

“Market risk continues to be alarming. The VN-Index in the next session will see strong fluctuations. Investors should control risk and cut their portfolios.”

Maritime Securities Incorporation (MSI)

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