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Banking & Finance

VN-Index breaks 730-point barrier

Released at: 17:42, 19/05/2017 Stock Market Watch

VN-Index breaks 730-point barrier

Index closes at nine-year high on May 19.

by Yen Thanh

All main indexes on Vietnam’s stock market gained ground on May 19, with the VN-Index closing at over 730 points; its highest in over nine years.

On HSX, the VN-Index increased 6.83 points (0.94 per cent) and the VN30-Index 6.73 points (0.97 per cent).

On HNX, the HNX-Index closed up 0.72 points (0.78 per cent), the HNX30-Index 1.82 points (1.06 per cent), and the UPCoM-Index 0.03 points (0.05 per cent).

Liquidity on HSX reached VND5 trillion ($220.3 million), 11 per cent higher than yesterday, and on HNX was VND720 billion ($31.7 million), more or less the same as yesterday.

The VN-Index opened at 726.99 points and quickly rose to 728.7 points early on before easing to 727 points mid-session then increasing sharply to close the morning at 731.4 points. In the afternoon, it rose throughout the session and closed the day’s trade at 733.82 points.

Most large caps in food and beverage increased: SBT by 4 per cent, BHN 2.1 per cent, KDC 1.7 per cent, VNM 1.3 per cent, and SAB 0.1 per cent. MSN fell by 1.2 per cent.

In banking, MBB rose 3.2 per cent, BID 2.4 per cent, CTG 1.4 per cent, and VCB 1.1 per cent. EIB closed at its opening price while STB lost 0.4 per cent.

In energy, GAS increased 2.2 per cent, PGD closed at its opening price, and CNG shed 0.6 per cent.

In real estate, QCG reached it ceiling in rising 6.8 per cent and FLC increased 3 per cent and NVL 1 per cent. KBC closed at its opening price and KDH and VIC lost 2.7 per cent and 1 per cent, respectively.

Among other large caps, PLX hit its ceiling in increasing 6.9 per cent and MWG and VJC rose 0.7 per cent and 0.6 per cent, respectively. BVH closed at its opening price while ROS fell 1.7 per cent.

ROS saw the highest liquidity on HSX, with VND1.4 trillion ($61.7 million), followed by PLX with VND244 billion ($10.7 million) and SSI with VND240 billion ($10.5 million). The largest cap, VNM, saw VND119 billion ($5.3 million) change hands.

On HNX, PVI increased 2.1 per cent, ACB 0.8 per cent, NTP 0.7 per cent, and PVS 0.6 per cent. VCG and SHB closed at their opening price while PHP lost 2.6 per cent, VNR 0.4 per cent, and VCS 0.3 per cent.

Foreign investors net bought on HSX by VND173 billion ($7.6 million) and on HNX by VND15 billion ($660,750).

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