Nov 3: Vietnam Stocks Close Mixed, Liquidity Falls on Caution

The benchmark VN Index added 0.65 point, or 0.15% to end at 408.44. Volume fell 12.1% to 27.8 million shares worth VND460.5 billion including 5.8 million shares worth VND145.7 billion changed hands in the put-through deals. The gain was supported by blue chips.

VN Index opened in the green with 0.7 million shares traded as caution rose. Both buyers and sellers were cautious, and the stronger performance of MSN, VIC, VPL, VNM kept the steam for market rally though the market breadth was still negative.VN Index closed off the day high.

Market sentiment hurt after the news that stock brokerage house SME was banned from major business operations due to its failure to settle due payment though its chairman explained today that it was just technical failure in the BIDV system.

Market breadth was negative, among 305 listed firms on HOSE, losers outweighed gainers by 115-98 and 74 stocks unchanged and the rest untraded. As many as 32 stocks fell to the floor while 19 issues hit the ceiling, 5% each side.

Among top 10 market caps, 5 fell (BVH, HAG, VCB, CTG, EIB) , 4 gained (VPL, VIC, MSN and  VNM ) and  1 unchanged (STB).

Military Commercial Joint Stock Bank (MBB) was the most active stock with 1.2 million shares traded, closing down 0.8% to VND13,100.

Hoang Quan Consulting – Trading – Service Real Estate Corporation (HQC) was in the second place with 0.9 million shares traded, closing up 2.1% to VND9,800.

Saigon Securities Inc. (SSI)  ranked third with 0.9 million shares traded, closing down 1.1% to VND17,500.

Becamex Infrastructure Development JSC. (IJC) stayed in the fourth place with 0.8 million shares traded, closing unchanged at VND10,700.

Ocean Group JSC. (OGC) was the last in the most active list with 0.8 million shares traded, closing down 2.5% to VND11,800.

Of note, foreigners bought 1.52 million MBB shares in the put-through trades for VND12,600 each. But this time, they bought at 3.8%discount from market close of VND13,100 today instead of buying them at a premium yesterday.

On the Hanoi Stock Exchange, the HNX closed down 0.71 point or 1.05% to 66.43. Trading volume fell 14.4% to 26.1 million shares traded for VND288.1 billion of which 1.3 million shares worth VND23.3 billion were changed hands in put-through deals.

Market breadth was negative with 98 gainers, 107 losers and 86 flat issues and 102 untraded. Among top 10 market caps, 1 gained, 5 lost and 4 unchanged.

Of note, PVL share price hit the ceiling today after 3 straight floor hitting sessions on the news that it accepted to sell-off 80 apartment to cover due debts.

Kim Long Securities JSC (KLS) was the most active stock with 3.6 million shares traded, closing down 0.9% to VND10,500 on average.  

VNDIRECT Securities Corporation (VND) came second with 2.2 million shares traded, closing down 1.8% to VND10,500 on average.

PetroVietnam Power Land Joint Stock Company ranked third in the list with 1.9 million shares traded, closing down 1.9% to VND10,500 on average.