12:01 (GMT +7) - Friday 28/07/2017

Banking & Finance

VN-Index down as HNX-Index rises

Released at: 17:36, 04/07/2017

VN-Index down as HNX-Index rises

Difficult day's trade seen on July 4.

by Hai Van

The VN-Index lost ground on July 4 as the HNX-Index closed higher.

On HSX, the VN-Index fell 3.34 points (0.43 per cent) and the VN30-Index 1.88 points (0.25 per cent).

On HNX, the HNX-Index finished 0.15 points (0.15 per cent) higher while the HNX30-Index lost 0.11 points (0.06 per cent) and the UPCoM-Index 0.16 points (0.29 per cent).

Liquidity on HSX reached $150 million, down 7.96 per cent against yesterday, and was $29 million on HNX, up 12.8 per cent.

The VN-Index opened at 778.88 points and closed the morning session at 774.96 points. It lost 3.92 points during the afternoon but recovered to close only 3.34 points down, at 775.54 points.

Shares such as ITA, OGC, HAR, PPI, and PVL increased to their ceiling amid hard selling, while PLX lost 1.7 per cent to VND67,700 ($2.97) and led major stocks in bringing the index down. GAS lost 1 per cent, while no banking shares increased.

Foreigners strongly bought HPG. Out of the 4.8 million HPG shares traded, over 1 million were bought by foreign investors. They also showed major interest in BCG, HHS, KDC, and VCB.

In food and beverages, VNM fell 0.3 per cent while KDC increased 2.5 per cent and SBT 0.9 per cent.

In real estate, VIC shed 0.7 per cent while OGC and ITA increased sharply, by 6.6 per cent and 6.9 per cent, respectively. FLC closed at its opening price,

Securities companies were affected by Ban Viet Securities (VCI) listing, with a reference price of VND48,000 ($2.11), but none lost ground.

Among other large caps, CTD increased 0.9 per cent and ROS 0.7 per cent, while NVL closed at its opening price.

On HNX, VCG increased 1.9 per cent and BCC 1.3 per cent while VCS lost 2.2 per cent.   

Foreign investors net bought on HSX by VND22.28 billion ($980,055) and on HNX by VND6.42 billion ($282,399).

“This is a short-term adjustment and the market will quickly recover in upcoming sessions. In terms of technical analysis, the VN-Index will recover slightly tomorrow. Investors with a vision of 3-6 months continue to buy good shares with moderately rising prices. Short-term trading should be considered in banking shares such as BID, CTG, and STB, as they see cash flow and are trading near short-term support levels.”

Maritimes Securities Incorporation (MSI)

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