Phuong Thao
Liquidity on the southern bourse tumbled as exchange traded funds (ETFs) finished rebalancing activities late last week, shedding volume and value by 45% and 32% to 46 million shares worth VND753.5 billion. The put-through market, including large block deals of FPT, VIC and HAG shares, contributed VND200 billion to the total turnover.
PVF, which is delisted today following the merger with Western Bank, surged 5% to VND4,200 each with volume of over 2.9 million shares on the last trading session on Monday. PVT, which will be added in the VN30 basket today to replace PVF, hit the ceiling price of VND8,200 each on a volume of over 3.7 million shares.
On the Hanoi market, the HNX-Index rose 0.45 point, or 0.77%, to 59.63. Liquidity of the exchange stayed low at VND165 billion.
SHB remained the most actively traded stock but it dropped VND100 at the close. KLF, which debuted on the northern market on Monday, closed at the ceiling price of VND13,600 each.
Viet Capital Securities Company said that there was strong money inflows into tickers that are speculated to report good third-quarter results. The results will be announced in the next few weeks.
By the middle of this week, third quarter’s net asset value (NAV) calculation for funds is also a notable event. After a strong buying session last Friday to complete third-quarter rebalancing, foreign activities scaled down significantly on Monday. This group only net bought a total of VND17 billion on both bourses, the broker commented.
Vietcombank Securities Company said that September CPI of Hanoi and HCMC soared by 0.57% and 3.13% respectively, mainly due to a significant increase in education fees upon the new school year. The surge, especially in HCMC, was not beyond expectation. Therefore, the information is unlikely to exert considerably impacts on the market in the coming sessions.
“In addition, we think that active trading of last week was only boosted by ETFs’ activities and good news about delay in the U.S. bond-buying program tapering. When those catalyzers no longer exist, the market is likely to retrace or move sideways in the absence of positive information from economy and enterprises,” it said.
“Therefore, we recommend investors should hold current portfolio position, keep stock weighting below 50%, be cautious to watch the market and wait for positive information to make trading decisions,” the broker added.
Đăng ký: VietNam News
