AsemconnectVietnam - SAB and securities stocks carry VN Index upwards on February 22.

The VN Index was the only main index on Vietnam’s stock market to close higher on February 22.

On HSX, the VN Index increased 0.69 points (0.1 per cent) while the VN30-Index fell 2.91 points (0.43 per cent). The VNMid-Index rose 1.4 points (0.16 per cent) and the VNSml-Index fell 2.76 points (0.34 per cent).

On HNX, the HNX-Index lost 0.24 points (0.27 per cent) and the HNX30-Index 0.17 points (0.11 per cent). The UPCoM-Index increased 0.03 points (0.05 per cent) and the VNALL-Index lost 3.37 points (0.33 per cent).

HSX saw a 111 point increase followed by a 148 point decrease while HNX saw a 130 point increase followed by a 134 point decrease.

Liquidity on HSX reached VND3.6 trillion ($157.68 million), up 9 per cent compared to yesterday, and on HNX was VND477 billion ($20.9 million), more or less the same as yesterday.

The VN Index opened at 716.55 points and hit 718.2 points before falling to 716 points. It then increased sharply, to its peak of the day of 719.1 points mid-session before falling then fluctuating and closing at 717.6 points. In the afternoon the index fell and fluctuated until mid-session, then tumbled to its bottom of the day of 715.4 points before recovering to close at 717.24 points.

Most large caps closed higher, with KDC up 4 per cent, BHN 2.8 per cent, SAB 2.1 per cent and VNM 0.08 per cent. SBT closed at its opening price while MSN lost 0.8 per cent.

STB was the only large cap in banking to increase, by 0.9 per cent, as CTG lost 1.6 per cent, EIB 1.4 per cent, VCB 1.3 per cent and BID 0.6 per cent. MBB closed at its opening price.

In energy, GAS gained 3.9 per cent while PGD and CNG closed at their opening price.

In real estate, FCL and NVL increased 2.3 per cent and 0.3 per cent, respectively, DXG closed at its opening price, and VIC lost 1.6 per cent, KDH 1.4 per cent, and KBC 1 per cent.

All securities company stocks rose, with PAN hitting its ceiling in increasing 6.9 per cent. BSI increased 3.3 per cent, SSI 2.4 per cent, and HCM 1.1 per cent.

Among other large caps on HSX, HPG fell 4.9 per cent, MWG 1.4 per cent, and BVH 1.1 per cent.

ROS was the highest traded share on HSX, with VND436 billion ($19.9 million) changing hands as it rose 0.8 per cent in price. HPG followed, with VND326 billion ($14.3 million). The largest cap, VNM, saw trade of VND77 billion ($4.64 million).

On HNX, DBC shed 2 per cent, SHB and VCG 1.9 per cent, PVI 1.6 per cent, PHP 1.2 per cent, and ACB and NTP 0.4 per cent. PVS and VCS increased 1 per cent and 0.3 per cent, respectively.

Foreign investors net sold on HSX by VND21 billion ($919,800) and net bought on HNX by VND3 billion ($131,400).

The market today saw a minor gain and fluctuated within a narrow range, from 716-718 points. It reached around 718 points during the morning session then saw a downwards adjustment in the afternoon, falling to around the reference level. Market leaders were GAS, the oil and gas sector (PVD and PVT), the real estate sector, and beer stocks (SAB and BHN). Additionally, there was a notable recovery in healthcare-pharmaceutical stocks (DHG, DCL, and DMC) and the security-investment sector (SSI, HCM, SHS, and VND). However, the market saw an adjustment due to falls in the steel sector (HPG, HSG, and NKG), the agriculture sector, and the banking sector. Market liquidity improved (by VND268 billion, or $11.73 million) and was still at a high level. Capital flows not only continued to focus on ROS, HPG, and FLC but also significantly increased in CII, GAS, HBC, HSG, HAG, and SSI.

The market followed yesterday’s trade in the morning before experiencing market segmentation and adjustment in the afternoon. Liquidity continued to be high and increased against yesterday. Despite the positive flow of capital, there was strong segmentation between industries, creating intense trading, especially in large-caps. It is expected that the market will continue its adjustment tomorrow after a few positive movements recently. Investors should hold on to their selected portfolio and limit adding more stocks.

Source: Intellasia.net