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Banking & Finance

November 30: VN-Index down as HNX-Index up

Released at: 18:58, 30/11/2018 Stock Market Watch

November 30: VN-Index down as HNX-Index up

Source from TVSI

Trade marked by unpredictability throughout day.

by My Van

Morning trading on November 30 was quite dramatic. After the VN-Index fell more than five points in the middle of the morning, the market then gradually recovered.

Increases in large caps such as VRE, PNJ, VPB, PLX, VNM, VCB, BHN, BVH, and MBB were the main factors behind the recovery. MBB was the most notable, increasing VND600 ($0.02) to VND21,500 ($0.92) on more than 13 million units.

The afternoon session was also unpredictable. After falling sharply in the first half, the market suddenly rebounded after 2pm thanks to bluechips such as BVH, GAS, and PLX.

The VN-Index, however, closed down, by 0.25 point (0.03 per cent) to 926.54 points, while the HNX-Index rose slightly. Market liquidity improved significantly, with a matching order value of VND3.5 trillion ($150.1 million).

BVH hits its ceiling price in rising to VND101,600 ($33.45), but by the end of the session had cooled to VND95,800 ($4.1), but it nonetheless gave support to the VN-Index.

Bluechips such as HPG, MSN, VJC, VHM, MWG, and VRE fell sharply, putting the market under pressure.

Vinamilk's VNM and GTNfoods continued to increase. Unofficial information on dairy exports to China from next year drove investors’ expectations over the future of the dairy industry.

Foreigners were net buyers overall by VND20 billion ($857,810) today. On HSX, they net sold by over VND13 billion ($557.5 million), most from net selling the iShare MSCI ETF capital.

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