GBS - Despite the stronger overnight performance on global markets, sentiment remained fragile following a dicey week of trading. The close was mixed, with Masan (HSX: MSN) lending its support to the VNIndex to end a bit higher, while the HNX closed a bit lower. Total turnover on both indexes dropped to near two-month lows. Market breadth improved somewhat compared to Wednesday and the number of limit-downs reduced slightly.
Despite losing ground for most of the trading session, both markets succeeded in bouncing back before closing. The VNIndex closed up 0.13 points (0.03%) to 425.42 points, although laggards outnumbered gainers 115:83.
GBS - As anticipated in our previous commentary, Tuesday’s strong rally was temporary - both markets slumped after a two-day rebound. The indices managed to open in the green but then lost ground to below their respective support levels. With liquidity yet to improve amidst economic uncertainties and lack of supportive news, we do not foresee another strong rally in the short-term. Matching volume fell to the lowest level since the beginning of the year on the HSX while liquidity on the HNX continues to hover around recent lows.
GBS - The index opened slightly up but slowly lost ground toward the end of the session. The last trading day of the month saw both indices end slightly in the red with the VNIndex down 2.06 points (-0.47%), closing at 432.54 while the HNX lost 0.48 points (-0.6%) to close at 74.4.
The VNIndex broke through the 430 level and quickly rose 8.65 points to hit the intraday high of 434 but retreated to 431.03, up 5.61 points or 1.32% while the HNXIndex climb back above the 74 level to close at 74.31, up 1.3 points or 1.78%. Market breath turned very positive as advancers outnumbered laggards almost fourfold 183:47 on the HSX. Investors on the HNX were even more bullish pushing half of the 225 advancers on the Northern bourse to limit-up prices while 59 stocks hit ceiling on the Southern bourse.
SBV looks to stabilise forex market with lower foreign currency position limits.
The midweek session ended with the HSX up 2,29 points (+0,53%) to close at 434,6 points while the HNX was up marginally by 0,14 points (+0,19%) to close at 74,85 points. On the HOSE, a total of 25,8 million shares worth VND465,5 billion were traded of which VND178 billion was matched in the put-through session. The number of shares traded was approximately 27% lower than the month-to-date average volume of 35,4 million shares. At the session end, close to 5 million bid shares were left unmatched.