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Banking & Finance

September 6: Stock market fluctuates

Released at: 14:47, 06/09/2018 Stock Market Watch

September 6: Stock market fluctuates

Source: TVSI

VN-Index down 0.08% on low liquidity.

by Hai My

Selling pressure eased on the morning of September 6 after three sessions of aggressive selling, but cash flows were not strong and the market fluctuated on this low liquidity.

The VN-Index ended the morning session down just 0.08 per cent with 122 shares increasing and 142 decreasing. It hit its bottom, down 0.37 per cent, just prior to 10.30am. The second half of the session slow a recovery amid low liquidity. The VN30-Index, meanwhile, gained 0.22 per cent, with 16 gainers and 12 losers.

Bluechips performed better than the average on HSX, with the most active being MSN, up 1.94 per cent, HPG 1.3 per cent, GAS 0.6 per cent, and VCB 0.5 per cent.

Liquidity plunged 21 per cent in the morning session and was weak in both halves, including when it recovered in the second half. The total matching order value reached VND1.6 trillion ($68.7 million); the lowest in eight weeks.

No shares matched more than VND100 billion ($4.2 million) in the session, with the highest, HPG, being VND87 billion ($3.7 million). In the Top 10 stocks with the highest liquidity, the only two losers were VPB, down 0.99 per cent, and VNM 0.08 per cent.

Trade on HNX, meanwhile, was more balanced. Key indices were up 0.56 per cent with 69 gainers and 63 losers. The HNX30-Index rose 0.28 per cent with 12 shares increasing and ten falling. ACB did the best, rising 1.22 per cent.

Foreign investors continued to be net sellers but not by a large margin. On HSX, they sold VND233.2 billion ($10 million) and bought VND160.8 billion ($6.9 million) and on the VN30 sold VND143.3 billion ($6.1 million). In the HNX-Index they bought VND26.2 billion ($1.1 million) and sold VND19.5 billion ($837,015).

There were no foreign net buyers of bluechips.

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