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Main indexes close down

Released at: 18:06, 18/05/2017 Stock Market Watch

Main indexes close down

VN-Index down on May 17 but remains above 275 points.

by Yen Thanh

All main indexes on Vietnam’s stock market lost ground on May 18.

On HSX, the VN-Index fell 0.21 points (0.03 per cent) and the VN30-Index 1.07 points (0.15 per cent).

On HNX, the HNX-Index closed down 0.44 points (0.48 per cent), the HNX30-Index 1.44 points (1.84 per cent), and the UPCoM-Index 0.86 points (1.47 per cent).

Liquidity on HSX reached VND4.5 trillion ($198.2 million), virtually unchanged from yesterday, and on HNX was VND727 billion ($32 million), up 13 per cent.

The VN-Index opened at 727.2 points and slipped to 724.5 points in early trade before quickly rising to 728.8 points mid-session. It then fluctuated and closed the morning at 728.6 points. In the afternoon, it edged up to 728.7 points before gradually losing ground and finishing the day at 726.99 points.  

SAB was the only food and beverage large cap to increase, by 0.6 per cent. MSN and KDC closed at their opening price while BHN lost 2.1 per cent, VNM 0.7 per cent, and SBT 0.6 per cent.

Most large caps in banking gained ground: MBB by 3.9 per cent, CTG 1.1 per cent, EIB 0.9 per cent, BID 0.6 per cent, and VCB 0.4 per cent, while STB fell 0.4 per cent.

In energy, PGD rose 4.3 per cent and GAS 0.6 per cent as CNG lost 0.2 per cent.

No real estate large caps increased, with VIC and KBC closing at their opening price and KDH losing 2.7 per cent, FLC 2.3 per cent, and NVL 0.4 per cent.

Among other large caps, MWG and FPT increased 0.2 per cent while ROS fell 2.2 per cent, VJC 0.8 per cent, and BVH 0.3 per cent.

ROS saw the highest liquidity on HSX, with VND1.1 trillion ($48.5 million), followed by SSI with VND253 billion ($11.1 million) and PLX with VND159 billion ($7 million). The largest cap, VNM, saw VND84 billion ($3.7 million) change hands.

On HNX, PHP and ACB increased 2.6 per cent and 0.4 per cent, respectively, VCS closed at its opening price, and PVI fell 2.4 per cent, VCG 2.1 per cent, PVS 1.8 per cent, SHB 1.4 per cent, and NTP 0.1 per cent.

Foreign investors net bought on HSX by VND81 billion ($3.6 million) and net sold on HNX by VND521 million ($22,955).

The market is confronting selling pressure from stocks that attract short-term cash flows, with continued selling and buying putting it above the 725-point support level and enhancing market sentiment. The market is fluctuating, however, with liquidity staying high and stable. The VN30-Index’s attempt to break through the 700-point support level was unsuccessful because of strong selling pressure at the end of the session. Market cash flows have been maintained, but the possibility of them spreading out is lower and they are mainly going to large caps. In upcoming sessions, the general market may fluctuate before strong selling pressure results in hot bullish stocks, and that, in turn, will see the market test the support level of 725 points.

BIDV Securities

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