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VN-Index dips slightly

Released at: 18:59, 15/05/2017 Stock Market Watch

VN-Index dips slightly

Index back under 725 points on May 15 and was the only main index to lose ground.

by Yen Thanh

The VN-Index was the only main index to fall on Vietnam’s stock market on May 15.

On HSX, the VN-Index lost 0.02 points (0.01 per cent) while the VN30-Index gained 4.38 points (0.63 per cent).

On HNX, the HNX-Index rose 0.71 points (0.79 per cent), the HNX30-Index 2.41 points (1.42 per cent), and the UPCoM-Index 0.45 points (0.79 per cent).

Liquidity on HSX reached VND4.4 trillion ($194 million), 10 per cent higher than last Friday, and on HNX was VND735 billion ($32.4 million), 34 per cent higher.

The VN-Index opened at 725.5 points and fluctuated during all of the morning session and closed at 724.1 points. In the afternoon, it hit its bottom of the day of 723.4 points before peaking at 726.1 points mid-session then falling to close the day at 725.35 points.

KDC was the only food and beverage share to rise, by 1.5 per cent, as MSN closed at its opening price and STB lost 2.3 per cent, SAB 1.3 per cent, VNM 0.6 per cent, and BHN 0.5 per cent.

STB was the only banking share to increase, by 3.7 per cent, as MBB fell 1.2 per cent, EIB 0.5 per cent, VCB 0.4 per cent, and CTG and BID 0.3 per cent.

In energy, PGD closed at its opening price and CNG fell 0.9 per cent and GAS 0.7 per cent.

In real estate, FLC reached its ceiling in rising by 6.9 per cent, while KDH rose 1.7 per cent and VIC 1 per cent. NVL and KBC lost 1.7 per cent and 0.3 per cent, respectively.

Among other large caps, MWG increased 5.4 per cent and ROS and VJC fell 1.2 per cent and BHN 0.3 per cent.

ROS saw the highest liquidity on HSX, with VND934 billion ($41.2 million), followed by FLC with VND200 billion ($8.8 million), DXG with VND159 billion ($7 million), and VNM with VND118 billion ($5.2 million).

On HNX, VCG increased 9.5 per cent, PHP 2.6 per cent, PVI 2.1 per cent, NTP 1.7 per cent, PVS 1.2 per cent, and VCS 0.3 per cent. SHB and VNR closed at their opening price and ACB lost 0.4 per cent.

Foreign investors net sold on HSX by VND16 billion ($705,440) and net bought on HNX by VND5.2 billion ($229,268).

 

The VN-Index is moving sideways above the 725-point support level, primarily due to large caps not finding synergy, though trade is positive and market liquidity continues to improve. Fluctuations in VN30 stocks will bolster market sentiment in upcoming sessions. Cash flow is rotating positively between market sectors, which are experiencing upside trends. However, short-term profit pressure in high-growth stocks in upcoming sessions may cause the market to fluctuate within a larger margin.

BIDV Securities

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