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VN-Index down below 720 points

Released at: 18:27, 14/04/2017 Stock Market Watch

VN-Index down below 720 points

All main indexes fall on difficult April 14.

by Yen Thanh

All main indexes on Vietnam’s stock market lost ground on April 14.

On HSX, the VN-Index fell 5.9 points (0.81 per cent) and the VN30-Index 0.23 points (0.13 per cent). The VNMid-Index increased 8.18 points (0.88 per cent) while the VNSml-Index lost 6.29 points (0.77 per cent).

On HNX, the HNX-Index closed 0.39 points (0.43 per cent) down, the HNX30-Index 0.23 points (0.13 per cent), the UPCoM Index 0.43 points (0.74 per cent), and the VNALL-Index 11.24 points (1.07 per cent).

Liquidity on HSX reached VND3.4 trillion ($150 million), virtually the same as yesterday, and on HNX was VND585 billion ($25.7 million), 16 per cent higher.

The VN-Index opened at 724.35 points and quickly fell to 715 points early on before recovering to 717 points mid-session. It then hit its bottom of the day of 714.2 points late on then rose again and closed the morning at 717.3 points. In the afternoon it increased to 721 points mid-session before falling and closing the day’s trade at 718.45 points.

In food and beverages, BHN increased 4.4 per cent and SBT 0.4 per cent while KDC fell 3.4 per cent, VNM 1 per cent, MSN 0.6 per cent, and SAB 0.5 per cent.

BID was the only large cap in banking to increase, by 0.9 per cent, as STB fell 2.5 per cent, MBB 1.9 per cent, EIB 1.7 per cent, CTG 1.4 per cent, and VCB 1.1 per cent.

In energy, CNG rose 0.5 per cent while GAS lost 1.5 per cent and PGD 0.3 per cent.

FLC was the only real estate large cap to have a good day, increasing 3.7 per cent, as KBC closed at its opening price and DXG fell 2.9 per cent, VIC 1.5 per cent, KDH 0.8 per cent, and NVL 0.7 per cent.

Among other large caps, ROS rose 0.6 per cent and HPG and VJC lost 1.9 per cent and 0.7 per cent, respectively.

ROS saw the highest liquidity on HSX, with VND777 billion ($34.2 million), followed by FLC with VND201 billion ($8.9 million), DXG with VND129 billion ($5.6 million), and the largest cap, VNM, with VND88 billion ($3.9 million).

On HNX, SHB increased 2.7 per cent and PVI 1.7 per cent. VCS shed 1.9 per cent, PVS 1.2 per cent, NTP 0.9 per cent, VCG 0.7 per cent, and ACB 0.4 per cent.

Foreign investors net sold on HSX by VND44 billion ($1.9 million) and on HNX by VND8 billion ($352,800).

The market corrected strongly today. Market scale was negative, with bearish stocks dominating the market (85 bullish stocks/186 bearish stocks). Market liquidity maintained the same trading rate due to negative market sentiment stemming from the US military strike on Syria. Cash flow was distributed mainly into real estate - construction and sugarcane. The market is expected to rebound next week and fluctuate around the 720-point mark as investors readjust their sentiment over military events around the world. We recommend investors increase the proportion of fundamentally good stocks in coming trading sessions.

BIDV Securities

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