Source from TVSI
Index fluctuating but relatively stable.
by My Van
The VN-Index fluctuated around its reference level on the afternoon of July 16 but was generally quite stable.
Foreigners were net sellers by around VND60 billion ($2.5 million), selling VND83 billion ($3.5 million) in VIC.
The VN-Index closed up slightly, by 1.39 points (0.15 per cent) to 911.11 points, while the HNX-Index rose 0.61 points (0.59 per cent) to 103.12 points and the UPCoM-Index 0.04 per cent to 49.29 points. Market liquidity was lower than yesterday, with a matching order value of VND2.9 trillion ($125.6 million), but was the acceptable given the correction underway.
Positive momentum was seen in many sectors, with banking stocks such as ACB, BID, CTG, MBB, SHB, VCB, VIB, VPB and HDB gaining ground and giving the market a lift.
Stocks with high market value, such as HCM, SHS, VDS and AGR, increased quite well, as did real estate and construction stocks such as CTD, FLC, HBC, LHG, SCR, NLG and VPI.
HAG and HNG continued to maintain their strong uptrends, in which HAG saw 3 million shares bought. Stocks with good fundamentals and strong corrections recently also recovered well, such as PNJ, MWG and VCS.
On HSX, foreigners were net sellers by 1.19 million shares worth VND88.52 billion ($3.8 million).
VRE was bought the most by foreigners, with VND16.09 billion ($697,710), followed by KDC, VCB, CTD and BID. All increased quite well, except for KDC.
Net-selling pressure by foreigners focused mainly on VIC and VNM, DHG, HDB and VHM.
On HNX, foreigners were active net-buyers of 1.67 million shares worth VND28.11 billion ($1.2 million); the strongest net buying on HNX for two months.
On UPCoM, foreigners net sold 315,000 shares worth VND2.66 billion ($112,775).