Tuesday,  Aug 14, 2018,13:35 (GMT+7) 0 0
VN-Index moves sideways
Phuong Thao
Wednesday,  May 9, 2018,18:34 (GMT+7)

VN-Index moves sideways

Phuong Thao

HCMC – The local stock market seesawed in a narrow range before closing with a mild loss on May 8  due to cautious sentiment. The VN-Index was little changed compared to the previous session, edging down 1.81 points, or 0.17%, at 1,065.45.

Turnover on the HCMC exchange slightly improved as volume and value increased 13.3% and 4.2% at 170 million shares worth VND5.1 trillion. There were 38.9 million shares worth VND1.38 trillion traded in block deals, including 13.2 million shares of brokerage firm SSI and 3.7 million shares of property firm NVL.

The banking sector lost steam after strong rallies on Monday as only BID and TPB advanced and EIB closed flat. Up to five stocks in the group declined, in which CTG led the market for liquidity with 8.1 million shares transacted.

MBB was the third most actively traded stock with 5.2 million shares changing hands but the bank slid 2.5% at VND54,500 per share. Meanwhile, VCB fell 1.8% at VND61,000 a share on matching volume of 2.9 million shares.

Among large caps, construction firm ROS went up to the ceiling price for the third straight session, standing at VND83,000 a share on volume of 1.1 million shares. In contrast, dairy firm VNM, retail group VRE and property giant VIC lost between 0.6% and 2.6% each.

Notably, other associated enterprises of ROS also performed strongly. Agricultural stock HAI and mining stock AMD shot up to the upper limits of VND3,710 and VND3,790 a share respectively whereas FLC, a real estate company, gained 1.5% at VND5,450 per share with 4.5 million shares traded.

On the Hanoi market, the HNX-Index slumped 1.22 points, or 0.97%, at 125.33. There were 51.9 million shares valued at VND778.6 billion changing hands at the end of the day, down 20.1% and 22.6% versus the session earlier respectively.

Among HNX30 stocks, Danang City-based housing firm NDN hit the ceiling price for the second consecutive day, plus four other stocks also making gains. Meanwhile, the remaining 25 stocks closed in the red.

SHB remained the volume leader with 6.4 million shares exchanged but the bank dipped 2.7% at VND11,000 per share. Notably, lender NVB, which declined or move flat for the 18th straight session, decreased 2.2% at VND8,800 a share.

Foreigners stayed on the selling side but their selling pressure lost steam to some extent. They net sold over VND160.4 billion on the southern bourse and VND31 billion on the northern market.

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