Tuesday, November 20, 2018 11:13:15 PM - Markets open
VN-INDEX 919.02 +2.96/+0.32%
HNX-INDEX 103.91 -0.04/-0.04%
UPCOM-INDEX 52.06 -0.34/-0.65%
Stocks dip on profit-taking and oil
Source: VNS - 3/23/2017 9:30:22 AM
 (0 ratings. You must sign in to rate.)
 Shares fell on the two local exchanges on Wednesday as investors increased sales to earn profits from the stock market’s recently growth.

The benchmark VN Index on the HCM Stock Exchange was down 0.5 per cent to close at 712.94 points. The southern market index had gained 0.8 per cent in the previous two sessions.

The HNX Index on the Hà Nội Stock Exchange put a dent to its six-day rally of 3.6 per cent, ending 0.4 per cent lower at 89.77 points.

Strong investor sales boosted market liquidity compared to Tuesday with more than 334.3 million shares being traded, worth VNĐ5.74 trillion (US$255.4 million).

Those figures increased by 8 per cent in trading volume and 16.4 per cent in trading value from Tuesday’s levels.

The stock market was pulled down by disappointing performances among 18 of the 20 sectors in the market.

The banking sector index fell 0.3 per cent. Vietinbank (CTG) and Vietcombank (VCB) dropped 0.8 per cent each following a four-day gain of 3.9 per cent and a two-day increase of 2.7 per cent. Others such as Asia Commercial Bank (ACB) and Bank for Investment and Development of Việt Nam (BID) ended flat.

The brokerage sector also ended on the decline. HCM City Securities Corp (HCM) dropped 2.3 per cent after rising 1.4 per cent in the previous two sessions; Sài Gòn Securities Inc (SSI) declined 2 per cent from a four-day rise of 8 per cent; and VNDirect Securities Corp (VND) slashed 2.1 per cent following its four-day rally of 8.4 per cent.

The energy sector was pulled down by a two-day loss of global crude prices. Brent crude fell 1.4 per cent to trade at $50.23 a barrel, down total 2.7 per cent in the last two days.

In the local market, PetroVietnam Gas Corp (GAS) lost 2.6 per cent, and other energy shares were down between 0.9 per cent and 1.7 per cent.

The stock market performed positively in the morning and the first half of the afternoon, when investment flew in local shares and pulled the market up strongly, Sài Gòn-Hà Nội Securities Corp (SHS) wrote in its daily report.

During Wednesday’s session, there was time when the VN Index surpassed 720 points, however, that landmark triggered profit-taking among investors and pushed the index below Tuesday’s closing score, SHS said.

“The 720-point level appears to be a challenging resistance level for the VN Index,” SHS said, adding that the benchmark index will be quite volatile on Thursday, moving in a narrow range of 710 and 714 points.

Newer News
19/11 Market short-term outlook remains negative
15/11 New securities law sparks concerns from expert
08/11 New securities law is a better fit
23/10 Technology continues to attract investment
22/10 Corporate earnings could boost market morale
18/10 Real estate stocks might peak in first half of 2019
15/10 Bull trap doesn’t mean stable rally: analysts
13/10 Viet Nam shares recover after sharp global falls
09/10 VN-Index breaks 1,000 point level again
04/10 Reference exchange rate continues to rise
Older News
22/03 Banks and food drive VN stocks
20/03 Market rebound likely as shareholders meet
17/03 VN shares buoyed by Fed hike
14/03 Shares sink on portfolio reviews
10/03 Derivatives market coming in May or June
09/03 VN Index finishes almost unchanged
08/03 VN Index struggles to maintain growth
07/03 ROS drives VN Index for 2nd day
03/03 Shares edge down on rising prudence
02/03 VN shares sag on renewed correction fears
Newsletter Signup
Top Stories
VN Index to rise amid volatility, weak liquidity
VN stocks continue rallying
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
Market Update
Last updated at 3:10:47 PM
VN-INDEX 919.02 +2.96/+0.32%
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...
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.