Thursday, January 18, 2018 2:29:51 PM - Markets open
VN-INDEX 1,041.82 +7.13/+0.69%
HNX-INDEX 121.06 +0.64/+0.53%
UPCOM-INDEX 58.04 -0.05/-0.08%
VN-Index declines for a second day
VietnamPlus - 12/7/2017 9:58:58 AM
 (0 ratings. You must sign in to rate.)
The benchmark VN-Index declined for a second day on December 6, dropping 0.59 percent to close trade at 947.64 points.
 
The southern market index decreased 2.3 percent in the last two sessions after expanding 13.5 per cent in November.
 
Investors continued to earn profits in large-cap stocks but increasing demand cushioned many stocks. 16 of the top 30 largest shares by market value and liquidity on the HCM Stock Exchange lost value and 11 advanced.
 
Declines in big stocks such as Vinamilk (VNM), brewer Sabeco (SAB) and IT giant FPT Corp (FPT) narrowed towards the end of the session with decreases of 0.6-2 percent each. Meanwhile, VinGroup (VIC), Military Bank (MBB) and Vietinbank (CTG) bounced back from losses to close flat.
 
However, FLC Faros (ROS) still slumped over 4 percent.
 
Many blue chips also recovered in the afternoon trade, including insurer Bao Viet Holdings (BVH), PetroVietnam Drilling and Well Services (PVD), Sacombank (STB), Tien Phong Plastic (NTP), of which BVH and PVD were the biggest gainers, up 3.3 percent and 2.4 percent, respectively.
 
According to Quang Vo, an analyst at Viet Dragon Securities Co, the decrease of over 5 points in the VN-Index (0.6 percent) was not a very bad signal, considering the recent gains of over 10 points per session.
 
“We think investors may have temporarily earned profits or reduced their margin positions as the market became hotter. Considering that capital in the market has been ample, we found no clear evidence that the market is entering a downtrend,” Vo wrote in a note to clients.
 
According to Vietnam Investment Securities Co, a positive factor was that demand increased and cushioned the market fall and there was a sign that cash flow gradually ran into mid-cap stocks.
 
VN-Midcap on December 6 inched up 0.2 percent while the VN30 (tracking the top 30 largest shares by market value and liquidity) was down 0.5 percent and VNSmall-cap decreased 0.4 percent.
 
Many stocks, particularly rubber companies, bucked the market trend and posted gains, including Southern Rubber Industry (CSM), up 3.4 percent, Da Nang Rubber (DRC), up 2.8 percent and Sao Vang Rubber (SRC), up 1.5 percent.
 
On the Hanoi Stock Exchange, the HNX-Index inched up 0.12 percent to close at 113.37 points after a 3-percent decline on December 5.
 
Liquidity remained high with 319.2 million shares, worth a combined 7.2 trillion VND (316 million USD), traded on the two markets.-VNA
 
Read original article here
Newer News
17/01 Stocks fall on worries of tight margin lending
16/01 VN stocks up on investor confidence
15/01 Vietnam stocks expected to correct this week
13/01 VN Index rises for fifth straight session
12/01 VN-Index gains may not last
11/01 VN Index rises for third day
10/01 VN shares up on earnings prospects
09/01 More than 700 businesses trade on UPCoM
09/01 VN shares up on good financial results
08/01 Stock market expected to keep rising this year
Older News
06/12 Shares mixed on two exchanges
06/12 Profit-taking ends three-week share rally
05/12 HNX raises over $400m from G-bonds in November
05/12 VN-Index inches up on capital inflow
01/12 HNX hosts auctions worth 418 billion VND in November
01/12 VN Index bounces back, lifted by large-caps
01/12 VN Index falls after eight-day rally
01/12 Vietnam’s stock market sees positive development: Bloomberg
30/11 Financial stocks lift market further
30/11 VN-Index up for 8th day in a row
 
Newsletter Signup
Top Stories
VN manufacturing PMI hits 22-month high in March
CPI goes up 4.96 percent year-on-year in first quarter
Slight rise in February CPI
Draft decree on State monopoly in trade submitted to Government
CPI ups 0.46% in January
Market Update
Last updated at 2:32:09 PM
VN-INDEX 1,041.82 +7.13/+0.69%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.