21:41 (GMT +7) - Friday 18/08/2017

Banking & Finance

Main indexes gain ground

Released at: 18:13, 13/06/2017 Stock Market Watch

Main indexes gain ground

Solid June 13 for all main indexes.

by Yen Thanh

All main indexes on Vietnam’s stock market closed higher on June 13.

On HSX, the VN-Index gained 5.80 points (0.77 per cent) while the VN30-Index lost 4.53 points (0.61 per cent).

On HNX, the HNX-Index increased 0.48 points (0.49 per cent) and the HNX30-Index 1.41 points (0.8 per cent), while the UPCoM-Index fell 0.38 points (0.67 per cent).

Liquidity on HSX reached VND3.4 trillion ($150 million), 6 per cent higher than yesterday, and on HNX was VND560 billion ($24.7 million), virtually the same.

The VN-Index opened at 751.09 points and fluctuated most of the morning then slipped to its bottom of the day of 750 points mid-session before slowly rising to close at 752.4 points. In the afternoon, it edged upwards to 755 points by mid-session then fluctuated until late on before increasing to finish the day at 756.89 points.

In food and beverages, BHN and SAB increased 1.1 per cent and 0.5 per cent, respectively, and KDC fell 2.2 per cent, MSN 0.6 per cent, and SBT and VNM 0.3 per cent.

All major banking caps increased: BID by 2.9 per cent, CTG 1.5 per cent, EIB 0.8 per cent, SBT 0.7 per cent, VCB 0.5 per cent, and MBB 0.3 per cent.

In energy, GAS rose 1.8 per cent, PLX closed at its opening price, and CNG and PGD lost 1.3 per cent and 0.9 per cent, respectively.

In real estate, only VIC closed higher, by 1.5 per cent, while NVL and KBC closed at their opening price and QCG fell 1.9 per cent, KDH 1.2 per cent, and FLC 0.3 per cent.

Among other large caps, ROS reached its ceiling in rising 6.9 per cent and HPG increased 1.6 per cent, BVH 0.9 per cent, and VJC 0.5 per cent.

ROS saw the highest liquidity on HSX, of VND574 billion ($25.2 million), followed by HPG with VND115 billion ($5.1 million), AMD with VND114 billion ($5 million), DXG with VND104 billion ($4.6 million), and VNM with VND96 billion ($4.2 million).

On HNX, ACB increased 1.9 per cent, SHB 1.4 per cent, PVI and PVS 0.6 per cent, and VCS 0.5 per cent. NTP and VCG closed at their opening price while DBC and PHP lost 1 per cent and 0.7 per cent, respectively.

Foreign investors net bought on HSX by VND70 billion ($3.1 million) and on HNX by VND9 billion ($396,630).

 

Cash flow returned to the banking sector and that, in turn, made the VN-Index break through the short-term resistance level of 755 points. The US Fed is meeting from Tuesday to Thursday, with analysis suggesting it will increase interest rates. In the gold, stock, and bond markets, no significant movement of index points were seen, which illustrates investors have already taken such a policy into account. With a neutral market scale, an expanded marginal fluctuation range, and higher liquidity, BSC expects the market to fluctuate within a range of 755-760 points tomorrow.

BIDV Securities

 

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