Investors in a trading session at Tan Viet Securities Company in Hanoi (Photo VNA) Hanoi (VNA) - Vietnamese shares ended on December 15 on differentnotes, with investors’ confidence mixed on the last day in whichexchange-traded funds (ETFs) completed their portfolio reviews.
The benchmark VN Index on the HCM StockExchange inched down 0.07 percent to close at 935.16 points. It had gained 1.24percent on December 14.
The HNX Index on the Hanoi Stock Exchangegained 0.13 percent to end at 111.61 points, for a two-day increase of 1 percent.
The VN Index and the HNX Index haverespectively lost 0.5 percent and 1.9 percent this week. They have declined bya total of 3.6 percent and 4.4 percent so far in December.
More than 293.5 million shares were tradedon the two local exchanges, worth 6.9 trillion VNS (306.7 million USD).
The trading figures represented an increaseof 35 percent in volume and nearly 48 percent in value compared to December 14.
December 15 was the last day in which ETFsfinalised the restructuring of their investment portfolios for next year. Thatactivity was widely said to account for the sharp rise of the market’s tradingliquidity.
Foreign investors posted a net sell valueof 248 billion VND on both local markets, four times the figure recorded on December14.
Dairy producer Vinamilk (VNM), food andbeverage firm Masan (MSN), property developer Vingroup (VIC) and fisherycompany Sao Mai Group (ASM) saw share values down as these stocks were eitherremoved or offloaded from the ETFs’ investment portfolios.
The four stocks declined by between 2 percentand 6.6 percent. The fall of VNM, MSN and VIC was to blame for the decline ofthe VN Index on December 15.
Among those four stocks, VNM was down 2 percentto end at 197,000 VND per share after having rallied a total of 8 percent inthe previous five sessions.
Insurance-banking companies, energy firmsand steel producers played main roles in driving the markets up against strongforeign selling.
Five of the 10 bank stocks advanced atleast 1 percent, including Eximbank (EIB), Sacombank (STB), Vietcombank (VCB)and MBBank (MBB).
Rising liquidity also supported securitiesstocks such as Vietinbank Securities (CTS), FPT Securities (FTS), SaigonSecurities Inc (SSI) and PetroVietnam Securities (PSI).
Steel companies also advanced with Hoa SenGroup (HSG) and Hoa Phat Group (HPG) raising 2.5 percent and 2.6 percent.
According to Bao Viet Securities Company(BVSC), domestic investors were prepared ahead of the ETFs’ portfolio reviewand they were able to absorb the strong foreign selling from foreign investors.
The flow of money into the stock market wasexpected to increase in the short term as it did on December 15, BVSC said inits daily report, adding that the cash flow could lift the benchmark VN Indexup again to the range of 965-970 points in the near future.-VNA
VNA
