Vn-Index turn-around – red color dominates the market
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Despite of the recovery sign at the end of trading section, Vn-Index and HNX-Index still remain under the descend pressure.
After the market trading Tuesday, the central bank announced the decree on rising key interest rates including the rise of discount rate from 7 percent to 12 percent, refinance rate and overnight rate from 11 percent to 12 percent which helps to close the gap with OMO funding rate (12 percent).
Despites the up-ward trend in the last few days, HOSE and HNX opened the market Wednesday with the descend trend. A lot of stocks in both trading floors lost their value or event stay at the floor price in the first trading section.
Vn-Index lost 4.87 points (1.02 percent), stay at 470.51 point with the most trading stock in HSX - SSI (1.8 million shares) followed by ITC (1.4 million shares) and STB (1.2 million shares).
Even though the descend trend was recovered at the end of trading section, losers still beat the gainers in HSX trading floor with the total of 202 losers over 45 gainers and 39 unchanged stocks.
HNX-Index lost its 90 threshold with 232 losers, 54 gainers and 25 unchanged stocks. The key stocks in HNX still haven’t perform their significant role in supporting the market while KLS continued to strongly descend in value and end up at 9,400VND – lost 6 percent.
On the other hand, despites ACB remains unchanged after trading section end, other blue chips are stood in the side of the market losers, such as PVX and VCG lost 800VND, VCG lost 1,000VND and BVS lost 1,100VND.
Liquidity of Vn-Index likely unchanged with the volume of 31.2 million shares traded for VND737.45 billion while slowing down a little bit in HNX trading floor. HNX reached the volume of 25.7 million stocks worth VND361 billion, decreasing 14.6 percent in volume and 11 percent in value.
Recovery sign at the end of the trading section was coming from foreign investor force while they turn-around to stay strongly focus on net-buying activities.
Their buying volume exceed 10 times of their selling volume, which reach the net-buy of 983,000 shares with the value of VND13.8 billion. Especially, KLS was strongly bought with 526,800 shares in the value of VND4.9 billion.
