22:47 (GMT +7) - Friday 16/11/2018

Banking & Finance

November 8: VN-Index increases

Released at: 18:17, 08/11/2018 Stock Market Watch

November 8: VN-Index increases

Source: TVSI

Indexes up in slow morning trade.

by My Van

Morning trade was rather bleak on November 8, despite rallies on regional markets. Investors remained quite cautious, resulting in relatively low liquidity.

The VN-Index increased 4.72 points (0.51 per cent) to 926.88 points in the morning, the HNX-Index 0.69 points (0.67 per cent) to 104.89 points, and the UPCoM-Index 0.28 points (0.55 per cent) to 51.85 points. Matching value was a relatively low VND1.8 trillion ($77.2 million).

Trade is FLC was solid, at nearly 11 million shares.

Bluechips VHM, VJC, PLX, VRE, PNJ, GAS and FPT as well as ACB, CTG, VCB and BID were pillars for the market. Cash flows also headed to textile and seafood stocks such as TCM, TNG, TDT, VHC and MPC.

MWG, after a disclosure of customer accounts, was under strong selling pressure and lost VND1,500 ($0.06) to finish the morning at VND110,500 ($4.71).

At 10am, the VN-Index had increased 6.77 points (0.73 per cent) to 928.93 points, the HNX-Index 1.12 per cent to 105.36 points, and the UPCoM-Index 0.63 per cent to 51.89 points. Matching value was just VND800 billion ($34.3 million).

Bluechips such as GAS, FPT, BVH, MSN, HPG, VJC, PLX, PNJ, VRE and VHM together with ACB, BID, CTG, MBB, HDB and VCB drove the market.

Rises also spread to other sectors such as securities (HCM, SSI, VND, SHS and VCI) and real estate and construction (CEO, DXG, DIG, NLG and PC1).

Textiles and seafood stocks such as TCM, TNG, TDT, VGT, VHC and MPC also attracted cash flows and increased handily.

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