Market does well amid global concerns.
The afternoon session on the stock market opened amid some excitement, with cash flows continuing to pour in and helping indexes rise.
At 1.40pm the VN-Index had increased 1.8 points (0.19 per cent) to 960.64 points and the HNX-Index 0.41 points (0.38 per cent) to 107.8 points, while the UPCoM-Index fell slightly, by 0.04 points. Liquidity continued to be quite good, with a matching order value of over VND3 trillion ($128.9 million).
At the end of the session, however, selling pressure increased, causing the market to lose ground. The VN-Index finished the day down 1.7 points (0.18 per cent) to 957.14 points. Despite falling under 960 points in the closing minutes, trade was quite positive on the day, given investor psychology was significantly affected by fluctuations in world stock markets.
The HNX-Index increased 0.35 points (0.33 per cent) to 107.74 points. Overall, the number of decliners was 271, outpacing 251 decliners.
Liquidity was quite high, with the value of matching orders reaching VND4.4 trillion ($189.1 million). Foreigners were net sellers by VND22 billion ($945,945), in which HPG was net sold by VND36 billion ($1.5 million) and PVS by VND29 billion ($1.24 million).
Cash flow was spread out in the afternoon. Banks and insurance companies such as BVH, BIC, BMI, CTG, MBB, VPB, TPB, and TCB and real estate and construction stocks CEO, DXG, HDG, KBC, VGC, and VCG increased strongly.
Bluechips such as HPG, MWG, PNJ, VRE, and VIC also increased and supported the market.
Total trading volume on HNX was over 41.88 million shares valued at VND639 billion ($24.7 million). In the put through market, there were 6.75 million shares traded for VND58.5 billion ($2.5 million).
The UPCoM-Index showed signs of recovery and closed slightly higher.
POW, OIL, QNS, VIB, MSR, VGI, NTC, and MCH all rose while VEA, HVN, DVN, KOS, and ACV all fell.
My Van report on Vneconomictimes