DAILY MARKET RECAP 31 Jul 2017 Bloomberg: VNDS Market commentary Vietnam Stock Markets extended gains to a second consecutive day, backed by the advance of multiple large caps. VN-INDEX kept up its dynamic movement and swung up rapidly in the second half of the session, mainly supported by Financial sector. Specifically, pillars, including BID, CTG, BVH, VCB, MBB and STB, simultaneously soared on positive earnings. Moreover, Real Estate stocks performed beyond expectation and elevated the market higher, led by VIC and NVL. Amid the continuous rise of oil prices, Energy and Utilities sectors headed towards opposite directions, of which GAS was boosted by the improving purchases of foreigners whereas PLX plunged on weakening demand. Besides, the downtrend was also witnessed in blue-chips, such as HSG, EIB, VNM, SAB and BHN. Notably, the unfavorable business results triggered excessive selling on HSG and caused the ticker to close at the floor price. However, such declines were outweighed by the robust rise in Banking stocks. Hence, VN- INDEX surpassed the 780-point level to close at 783.55pts (+0.83%) with 133 gainers, 134 decliners and 71 unchanged. On the other hand, after the erratic trading, HNX-INDEX managed to reverse and ended at 101.18pts (+0.63%) with 117 advancers, 88 laggards and 173 unchanged. Sectors showed mixed results as Financials (+2.45%), Real Estate (+1.91%), and Utilities (+1.76%) led the risers while Energy (-1.84%), Materials (-0.64%), and IT (-0.24%) negatively impacted the index. Regarding tickers, top index movers included VIC (+3.73%), BID (+5.71%), CTG (+4.62%), GAS (+1.79%), and MSN (+2.88%). Top index laggards were PLX (-2.18%), HSG (-6.98%), EIB (-4.53%), VNM (-0.26%), and QCG (-6.95%). Top 3 major block trades were PNJ with 782,821 shares (VND86.3bn), NVL with 1.09mn shares (VND72.9bn), and KSB with 1.3mn shares (VND64.3bn). Foreigners net bought on both exchanges with total net- buying value of VND248.8bn. They mainly bought VNM (VND88.2bn), PNJ (VND86.3bn), and BID (VND64.9bn) while sold PNJ (VND86.3bn), VNM (VND76.5bn), and MSN (VND24.7bn). Snapshot HOSE HNX Close (pts) 783.6 101.2 1 Day change (%) 0.83 0.63 Volume (mn shs) 267.1 78.0 Value (US$mn) 206.8 30.3 Gainers 133 117 Losers 134 88 Unchanged 71 173 Commodities & Currencies Close %chg Gold(USD/Oz) 1,266 -0.16 WTI Oil ($/B) 1Mth 49.7 0.04 Brent Oil ($/B) 1Mth 52.6 0.13 USDVND 22,735 -0.03 EURVND 26,783 0.18 Source: Bloomberg Sectors Price Index P/E P/B Country Close 1D chg P/E P/B Market cap (VNIndex) 1D chg Wgt x x Peering Points % x x US$bn Consumer Discretionary -0.17% 0.82 19.32 4.89 China 3,737.9 0.43 16.41 1.95 4,055 Consumer Staples 0.21% 7.63 26.32 8.09 India 10,070.1 0.55 23.3 3.02 1,095 Energy -1.84% 3.70 14.89 3.09 Indonesia 5,840.9 0.17 24.5 2.48 480 Financials 2.45% 3.96 18.36 2.05 Laos 1,019.7 -0.80 14.04 0.87 1 Health Care 0.68% 0.48 28.42 4.39 Malaysia 1,760.0 -0.40 16.6 1.69 249 Industrials 0.05% 0.94 28.84 4.33 Philippines 8,018.1 -0.66 22.0 2.45 193 IT -0.24% 1.17 12.17 2.39 Taiwan 10,427.3 0.04 16.0 1.74 1,022 Materials -0.64% 0.94 11.02 1.73 Thailand 1,573.8 -0.46 16.0 1.90 468 Real Estate 1.91% 3.62 33.03 3.34 Utilities 1.76% 4.70 14.91 2.63 Vietnam 783.6 0.83 16.4 2.31 84 Source: Bloomberg Source: Bloomberg 776 777 778 779 780 781 782 783 784 VN-INDEX 100.5 100.7 100.9 101.1 101.3 101.5 HNX-INDEX
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
DAILY MARKET RECAP 31 Jul 2017
Bloomberg: VNDS
Market commentary Vietnam Stock Markets extended gains to a second consecutive day, backed by the advance of multiple large caps. VN-INDEX kept up its dynamic movement and swung up rapidly in the second half of the session, mainly supported by Financial sector. Specifically, pillars, including BID, CTG, BVH, VCB, MBB and STB, simultaneously soared on positive earnings. Moreover, Real Estate stocks performed beyond expectation and elevated the market higher, led by VIC and NVL. Amid the continuous rise of oil prices, Energy and Utilities sectors headed towards opposite directions, of which GAS was boosted by the improving purchases of foreigners whereas PLX plunged on weakening demand. Besides, the downtrend was also witnessed in blue-chips, such as HSG, EIB, VNM, SAB and BHN. Notably, the unfavorable business results triggered excessive selling on HSG and caused the ticker to close at the floor price. However, such declines were outweighed by the robust rise in Banking stocks. Hence, VN-INDEX surpassed the 780-point level to close at 783.55pts (+0.83%) with 133 gainers, 134 decliners and 71 unchanged. On the other hand, after the erratic trading, HNX-INDEX managed to reverse and ended at 101.18pts (+0.63%) with 117 advancers, 88 laggards and 173 unchanged.
Sectors showed mixed results as Financials (+2.45%), Real Estate (+1.91%), and Utilities (+1.76%) led the risers while Energy (-1.84%), Materials (-0.64%), and IT (-0.24%) negatively impacted the index. Regarding tickers, top index movers included VIC (+3.73%), BID (+5.71%), CTG (+4.62%), GAS (+1.79%), and MSN (+2.88%). Top index laggards were PLX (-2.18%), HSG (-6.98%), EIB (-4.53%), VNM (-0.26%), and QCG (-6.95%). Top 3 major block trades were PNJ with 782,821 shares (VND86.3bn), NVL with 1.09mn shares (VND72.9bn), and KSB with 1.3mn shares (VND64.3bn).
Foreigners net bought on both exchanges with total net-buying value of VND248.8bn. They mainly bought VNM (VND88.2bn), PNJ (VND86.3bn), and BID (VND64.9bn) while sold PNJ (VND86.3bn), VNM (VND76.5bn), and MSN (VND24.7bn).
Snapshot HOSE HNX
Close (pts) 783.6 101.2
1 Day change (%) 0.83 0.63
Volume (mn shs) 267.1 78.0
Value (US$mn) 206.8 30.3
Gainers 133 117
Losers 134 88
Unchanged 71 173
Commodities & Currencies Close %chg
Gold(USD/Oz) 1,266 -0.16
WTI Oil ($/B) 1Mth 49.7 0.04
Brent Oil ($/B) 1Mth 52.6 0.13
USDVND 22,735 -0.03
EURVND 26,783 0.18
Source: Bloomberg
Sectors Price Index P/E P/B Country Close 1D chg P/E P/B Market cap
(VNIndex) 1D chg Wgt x x Peering Points % x x US$bn
DISCLAIMER This report has been prepared by VNDIRECT or one of its affiliates for distribution in Vietnam and overseas. The information herein is believed by VNDIRECT to be reliable and is based on public sources believed to be reliable. With exception of information about VNDIRECT, VNDIRECT makes no representation about the accuracy of such information. Options, estimates and projection expressed in this report represent the current views of the author at the date of publication only. They do not necessarily reflect the opinions of VNDIRECT and are subject to change without notice. VNDIRECT has no obligation to update, amend or in any way modify this report or otherwise notify a reader thereof in the event that any of the subject matter or opinion, projection or estimate contained within it changes or becomes inaccurate. The information herein was obtained from various sources and we do not guarantee its accuracy or completeness. Prices and availability of financial instruments are also subject to change without notice. This published research may be considered by VNDIRECT when buying or selling proprietary positions or positions held by funds under its management. VNDIRECT may trade for its own account as a result of short-term trading suggestions from analysts and may also engage in securities transactions in a manner inconsistent with this report and opinions expressed therein. Neither the information nor any opinion expressed in this report constitutes an offer, nor an invitation to make an offer, to buy or sell any securities or any option, futures or other derivative instruments in any jurisdiction. Nor should it be construed as an advertisement for any financial instruments. Officers of VNDIRECT may have a financial interest in securities mentioned in this report or in related instruments. This research report is prepared for general circulation for general information only. It does no have regard to the specific investment objectives, financial situation or particular needs of any person who may receive or read this report. Investors should note that the prices of securities fluctuate and may rise and fall. Past performance, if any, is no guide to the future. The financial instruments discussed in this report may not be suitable for all investors. Investors must make their own financial decisions based on their independent financial advisors as they believe necessary and based on their particular financial situation and investment objectives. This report may not be copied, reproduced, published or redistributed by any person for any purpose without the express permission of VNDIRECT in writing. Please cite sources when quoting.
ADDRESS Headquarter 1 Nguyen Thuong Hien Str Hai Ba Trung Dist, Hanoi T: +84 4 3972 4568 F: +84 4 3972 4600