Market better today following yesterday’s losses.
The VN-Index increased on low liquidity on November 14 as oil stocks sunk after oil prices fell overnight.
Increases were seen from the opening. Seafood and textile stocks such as VHC, MPC, FMC, CMX, TCM, TNG, TDT and GIL continued to be the focus of cash flows, with many rising strongly at the beginning of the session.
Despite the increases, money flowing into the market was quite low. By 10am, the VN-Index had increased 2.22 points (0.25 per cent) to 907.6 points but the matching value on HSX was only VND640 billion ($27.4 million).
The figure stood at only VND1.5 trillion ($64.3 million) on HSX by the end of the morning session and VND253 billion ($10.8 million) on HNX.
Liquidity weakened as sellers basically “restructured” their accounts, returning to safe stocks after a long period of market decline.
Bluechips such as FPT, MSN, VJC, PNJ and MWG, and BID, CTG and VCB rose and supported the market.
Real estate and construction also saw many gainers, such as VGC, PC1, VPI, DXG, CTD, KDH and LDG.
Meanwhile, oil and gas stocks GAS, PVS, PVD, PVB, PVC and PXS continued to see strong net selling in the context of global oil prices experiencing their strongest decline in three years overnight.
Textile stocks were not only more positive than the market overall, many also set new highs.
Yesterday, when the VN-Index shed 1.4 per cent, textile stocks such as TNG, GMC and TDT climbed to their highest price since listing.
Hai Van report on Vneconomictimes
