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Banking & Finance

Only VN-Index loses ground

Released at: 18:32, 09/02/2017 Stock Market Watch

Only VN-Index loses ground

Tough day for most large caps on HSX on February 9.

by Hung Khanh

The VN-Index was the only main index to close lower on February 9.

It fell 1.39 points (0.2 per cent) on HSX, with the VN30-Index gaining 0.86 points (0.13 per cent), the VNMid-Index 4.17 points (0.5 per cent) and the VNSml-Index 6.62 points (0.87 per cent).

On HNX, the HNX-Index rose 0.36 points (0.42 per cent), the HNX30-Index 0.36 points (0.24 per cent), the UPCoM-Index 0.21 points (0.39 per cent) and the VNALL-Index 2.15 points (0.22 per cent).

The HSX saw a 140 point increase followed by a 116 point decrease while the HNX saw a 137 point increase followed by a 106 point decrease.

Liquidity on HSX reached VND2.8 trillion ($123.5 million), 28 per cent higher than yesterday, while the HNX saw VND313 billion ($13.8 million), virtually the same as yesterday.

The VN-Index opened at 702.04 points and fell slightly before reaching its peak of the day of 702.6 points, then eased to close the morning session at 701.3 points. In the afternoon if lost ground and fluctuated around 700 points before recovering to 701.6 points mid-session then closing at 700.65 points.

VNM gained 0.1 per cent on liquidity of some VND109 billion ($4.8 million). Most large caps on HSX fell: BHN by 2.6 per cent, SAB 2 per cent and MSN 0.2 per cent. SBT closed at its opening price while KDC gained 2.1 per cent.

ROS remained the highest liquidity stock on HSX, with some VND316 billion ($13.9 million) changing hands, and increased 0.8 per cent in price.

In banking, EIB lost 1.9 per cent, BID 0.9 per cent and VCB 0.1 per cent, while STB increased 2 per cent, CTG 1.1 per cent, and MBB 0.7 per cent.

In energy, GAS and PGD fell 1.9 per cent and 0.1 per cent, respectively, while CNG closed at its opening price.

Among other large caps on HSX, MWG shed 1.1 per cent, BVH 0.6 per cent, NVL 0.5 per cent, and VIC and HPG 0.2 per cent.

On HNX, ACB, PHP, VNR and DBC closed at their opening price, SHB increased 2 per cent, PVS 0.6 per cent and VCS 0.5 per cent, while NTP lost 3 per cent, VCG 2 per cent and PVI 0.4 per cent.

Foreign investors net bought on HSX by VND55 billion ($2.42 million) and by VND254 million ($11,203) on HNX.

Similar to global equities, the VN-Index continued to fluctuate around the 700-point threshold for the sixth day in succession. We see slow and careful changes in money flows despite high liquidity. Money flew and rotated around some recommended groups, like construction, construction materials, finance, consumer - retail, and pharmaceutical stocks. We continue to recommend investors take advantage of retreats and raise the weight of recommended stocks.

KIS Vietnam Securities Corporation

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