Monday, December 5 2016

VietNamNews

Market continues fall from Friday

Update: April, 21/2015 - 08:30
Of all stocks, the number of declining stocks doubled the number of advancing ones by 154 to 68, and 55 others stayed flat. — VNS Photo Nguyen Manh Ha
HA NOI (VNS) — The VN-Index yesterday went down 0.58 per cent to close at 565.04 points as large-cap shares continued their fall from last Friday.

Of all stocks, the number of declining stocks doubled the number of advancing ones by 154 to 68, and 55 others stayed flat.

The market's trading volume fell by 7.8 per cent to reach nearly 99 million shares worth nearly VND1.6 trillion (US$74 million), a decrease of 20 per cent.

The VN30 Index, tracking the 30 largest codes by market value and liquidity, lost 0.55 per cent to end at 595.82 points.

They traded 22.2 million shares, worth a remarkable VND480 billion ($22.2 million).

In this basket, the number of advancing stocks was one-sixth the number of declining ones by four to 24, while only two remained flat.

Most of large-cap shares also declined. Vingroup (VIC) fell by 0.4 per cent to stand at VND48,800 per share. FLC Group (FLC) dropped by 0.94 per cent to close at VND10,500 per shares.

PetroVietnam Gas Joint Stock Corporation (GAS) continued its slump by losing 1.5 per cent. The PetroVietnam Drilling & Well Services Corporation (PVD) improved its performance against last Friday by gaining 1.87 per cent.

Most of bank stocks declined sharply. Sai Gon Thuong Tin Bank (STB), the Bank for Investment and Development of Viet Nam (BID), and Miliary Bank (MBB) declined by 1.65 per cent, 1.03 per cent and 0.73 per cent, respectively.

Eximbank (EIB) was the only bank share that gained 0.78 per cent to stand at VND12,900. During the session yesterday, 25.6 million of its shares were traded through negotiation, worth VND341 billion ($15.8 million) – one-fifth of the market's trading value.

Hoang Huy Investment Services Joint Stock Company (HHS) was the top active code on the southern market, trading more than 6.2 million shares at an unchanged price of VND20,700.

On the Ha Noi Stock Exchange, the HNX-Index was down 0.38 per cent to finish at 83.29 points. Among all stocks, losing stocks outnumbered advancing stocks by 106 to 76, and 185 stayed flat.

The market's trading volume was nearly halved to 33.5 million shares against last Friday. The market's trading value declined by 37.6 per cent to VND454 billion ($21 million).

The HNX30 Index dropped by 0.36 per cent to finish at 158.35 points. In this basket, the number of advancing stocks was half the number of losing ones, and six stocks remained unchanged.

Gas stocks had a positive performance. Petroleum Drilling Mud Corporation (PVC) gained 1.28 per cent to stand at VND23,800 and Petroleum Technical Services Corporation (PVS) increased by 0.78 per cent to reach VND26,000.

FIT Investment JSC (FIT) remained the most active code on the northern market with more than 4.7 million shares being traded. Its price per share gained 0.68 per cent to stand at VND14,700.

Foreign investors yesterday were net buyers, totalling VND140.2 billion ($6.5 million) on both markets. They recorded net buys of VND130.6 billion ($6 million) on the HCM City market and VND9.6 billion ($444,400) on the Ha Noi market. — VNS

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