21:45 (GMT +7) - Friday 18/08/2017

Banking & Finance

VN-Index breaks through 765 points

Released at: 19:05, 19/06/2017 Stock Market Watch

VN-Index breaks through 765 points

Large caps in F&B, banking, and real estate increase and provide support to VN-Index on June 19.

by Yen Thanh

All main indexes on Vietnam’s stock market closed higher on June 19.

On HSX, the VN-Index increased 5.59 points (0.73 per cent) and the VN30-Index 7.43 points (0.99 per cent).

On HNX, the HNX-Index rose 1.10 points (0.12 per cent) and the HNX30-Index 1.61 points (0.9 per cent), while the UPCoM-Index lost 0.14 points (0.24 per cent).

Liquidity on HSX reached VND3.8 trillion ($167.2 million), 16 per cent lower than last Friday, and on HNX was VND721 billion ($31.7 million), 23 per cent higher.

The VN-Index opened at 761.24 points and reached 764 points after the pre-opening session then tumbled afterwards to 762.5 points. It then rose to 764.7 points mid-session before losing ground and fluctuating, then closed the morning at 763.5 points. The index then increased throughout the afternoon session and closed at 766.83 points.  

All food and beverages shares increased: SBT by 5.6 per cent, MSN 3.1 per cent, KDC 1.2 per cent, VNM 0.9 per cent, SAB 0.4 per cent, and BHN 0.1 per cent.

All banking major caps also gained ground: MBB by 2.7 per cent, STB 0.8 per cent, CTG 1.5 per cent, BID 1.3 per cent, EIB 0.8 per cent, and VCB 0.5 per cent.

In energy, PLX increased 2.2 per cent, GAS 1.2 per cent, and CNG 0.6 per cent, while PGD lost 1.1 per cent.   

In real estate, QCG hit its ceiling in rising 6.8 per cent while KBC rose 2.2 per cent, NVL 0.6 per cent, KDH 0.4 per cent, VIC 0.2 per cent, and FLC 0.1 per cent.

Among other large caps, BVH and FPT increased 1.5 per cent and 1.3 per cent, respectively, ROS hit its floor in falling 6.9 per cent, and HPG lost 1.1 per cent and VJC 0.1 per cent.

ROS saw the highest liquidity on HSX, of VND180 billion ($8 million), followed by SSI with VND166 billion ($7.3 million), CII VND162 billion ($7.1 million), HPG VND139 billion ($5.6 million), and VNM VND113 billion ($5 million)

On HNX, SHB increased 4.1 per cent, PVS 3.7 per cent, and ACB 0.8 per cent, while PVI shed 2.1 per cent, PHP 2 per cent, VCG 0.5 per cent, and VCS and NTP 0.3 per cent.

Foreign investors net bought on HSX by VND111 billion ($4.9 million) and net sold on HNX by VND17 billion ($748,170).

 

Consecutive accumulative sessions saw the VN-Index hit 760-point level last week while it increased more than 5 points today and broke through 765 points. The breakthrough was the consequence of cash flows spreading into the banking sector and blue-chip stocks such as GAS, SAB, VNM, and MSN. The main driver was the fact that, this Wednesday, MSCI will publish its Frontier Market Index and Emerging Market Index. If Vietnam is included in the Emerging Market or increases its ranking in the Frontier Market Index, then ETF funds and other international financial institutions may increase their Vietnamese stocks within portfolios. These funds and institutions have an investment policy of primarily investing in leading blue-chip stocks. The banking sector continued to be the main attraction, rising continually after some periods of correction. Investors have also returned to oil and gas in the short-term due to positive information on oil prices. Greater market fluctuations, good market scale, and weakened market liquidity indicate the VN-Index will hover around the 765-point level in upcoming sessions.

BIDV Securities

 

User comment (0)

Send comment