Thursday, April 2 2020


Large-cap shares drive markets down

Update: March, 14/2015 - 08:32
Officers of Ha Noi Stock Exchange update information on its system. The HNX-Index yesterday closed at 85.72 points, and the VN-Index edged down 0.41 per cent to close at 586.10 points. — VNA/VNS Minh Quyet
HA NOI(VNS) — The benchmark VN-Index yesterday edged down 0.41 per cent to close the session at 586.10 points on the HCM Stock Exchange as large-cap shares had a declining performance.

The VN30, which tracks the top 30 shares by market value and liquidity, decreased by 0.53 per cent to end at 616.94 points, with losers outnumbered gainers by 18 to 4.

Bank shares, including Vietinbank (CTG) and the Bank for Investment and Development of Vietnam (BID), continued to improve their performances, gaining 1.06 and 1.09 per cent in share prices and had total trading volumes of 2.38 and 2.43 million shares, respectively.

However, the declining performances of other large-cap shares were the main force dragging the market down. Vietnam Dairy Products Joint Stock Company (VNM), PetroVietnam Gas Joint Stock Corporation (GAS) and Ma San Group Corporation (MSN)'s share price in turn decreased by 0.92 per cent, 1.92 per cent and 0.57 per cent respectively.

Overall, FLC Group (FLC), the most active code with 27.3 million shares traded, increased 1.71 per cent to finish at VND11,900 a share.

However, overall trading on HCM City's exchange rose by 17 per cent to close with 97.2 million shares, worth nearly VND1.6 trillion ($76 million), an increase of 14.3 per cent over the previous session.

On the Ha Noi Stock Exchange, the HNX-Index maintained its decrease of 0.17 per cent to close the session at 85.72 points.

Market trading volume slightly pushed up by 1.64 per cent to 30.9 million shares, however, the trading value decreased by 3.4 per cent to VND424 billion ($20.2 million).

KLF Joint Venture Global Investment Co (KLF) and F.I.T Investment Co (FIT) remained the most heavily-traded stocks here with 3.7 and 2 million shares traded on each code, respectively. Both ended flat, at VND10,600 a KLF share and VND18,000 a FIT share.

NHP Production Import-Export Joint Stock Company (NHP) had the most improved share price on the market. An increase of 9.94 per cent enabled it to finish at VND18,800 per share.

However, foreign investors suddenly increased their net selling value by nearly five times the previous session. They remained net sellers in both markets, with net selling value of VND54.4 billion ($2.6 million) worth of shares. — VNS

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