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Banking & Finance

March 14: VN-Index & HNX-Index gain ground

Released at: 17:31, 14/03/2018 Stock Market Watch

March 14: VN-Index & HNX-Index gain ground

Positive day on both exchanges on March 14.

by My Van

The VN-Index gained 4.78 points on March 14, closing at 1,138 points on trade of more than 250 million shares worth VND7.1 trillion ($311.8 million). The HNX-Index, meanwhile, increased 0.77 points on trade of nearly 77 million shares worth VND1.2 trillion ($52.7 million).

In construction and real estate, HBC shares rose sharply at the end of the session and despite not closing at its highest price of the session, still climbed 6 per cent to VND45,700 ($2). QCG hit its ceiling, while other strong gainers included HAR, by 3 per cent, L14 5.5 per cent, VGC 3.5 per cent and VC3 5.3 per cent. DXG, LDG, and DIG rose sharply during the session but lost ground towards the close. VRE fell 4.1 per cent.

While CTG and BID only rose slightly, many other bank shares made significant gains. The best performer was VIB, rising 9.3 per cent, with HDB increasing 4 per cent. In the securities group, SSI fell 0.8 per cent but other shares such as HCM, VND, CTS and SHS all closed higher. VPB and MBB saw more transactions at their ceiling prices.

Petroleum rebounded to some extent, with GAS gaining 2.8 per cent and PVD 1.9 per cent, while PVS shed 2.1 per cent to VND22,800. BSR, POW, and OIL joined it in losing ground.

On HSX, after two consecutive sessions of net buying, foreign investors were net sellers on the day, by 2.5 million shares worth VND216 billion ($9.4 million). They continued to aggressively buy VIC and VRE, with net buying of VND110.94 billion ($4.8 million) and VND36.34 billion ($1.5 million), respectively. Both stocks, however, closed down.

On HNX, foreign investors net sold for a third consecutive day, to the tune of VND15.65 billion ($687,338). SHB and SHS were again the two biggest net bought shares.

Foreign investors were also strong net sellers on UPCoM, with 1.52 million shares traded worth VND38.66 billion ($1.6 million).

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