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Banking & Finance

November 7: VN-Index gains ground

Released at: 15:12, 07/11/2018 Stock Market Watch

November 7: VN-Index gains ground

Source: TVSI

Index up 0.7% on low liquidity.

by My Van

Continued caution on the morning of November 7 saw the VN-Index fluctuate on low liquidity.

Selling pressure was not too strong but demand was weak, with fluctuations remaining minor.

Matching orders of more than 1 million units made on HSX included STB, HSG, OGC, HQC and HAG.

The VN-Index inched up during the session, on similar liquidity to yesterday morning.

The HSX had 115 advancers and 136 decliners, with the VN-Index gaining 1.60 points (0.17 per cent) to 923.65 points. Total trade reached over 69.2 million shares, worth VND1.4 trillion ($60.07 million), down 3 per cent in volume but up slightly in value compared to yesterday morning. Agreement trade contributed over 6.33 million units worth VND213.7 billion ($9.1 million).

Nearly all major stocks moved sideways, while VNM increased 2 per cent, BID 2.2 per cent, MSN 1.7 per cent, and STB 4.1 per cent, with the latter leading in trading volume, with nearly 7 million units.

Meanwhile, VIC lost 0.7 per cent, VHM 0.7 per cent, GAS 0.2 per cent, and SAB 0.85 per cent.

HNX saw 37 gainers and 46 losers in the morning, as the HNX-Index rose 0.28 points (0.26 per cent) to 104.83 points. Total trade was over 16.1 million shares valued at VND223.62 billion ($9.5 million). Deals totaled more than 815,000 units worth VND6.5 billion ($278,840).

The UPCoM-Index fluctuated sharply, moving around its reference level before gaining slightly at the close.

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