Tuesday, December 12, 2017 8:49:44 PM - Markets closed
VN-INDEX 927.25 +9.80/+1.07%
HNX-INDEX 110.91 -0.87/-0.78%
UPCOM-INDEX 54.06 -0.21/-0.39%
Shares down as holiday approaches
Source: VNS - 4/26/2017 11:24:54 AM
 (0 ratings. You must sign in to rate.)
Shares fell further on the two local markets on Tuesday as investor confidence remained low on potential global risks, a coming holiday and a six-day decline of oil prices.

The benchmark VN Index on the HCM Stock Exchange closed down 0.26 per cent at 707.58 points. Việt Nam’s key index has lost total 1.3 per cent after four consecutive sessions.

The smaller HNX Index on the Hà Nội Stock Exchange dropped 0.63 per cent to finish at 87.86 points, extending its downward trend for a second day with a total loss of 1.1 per cent.

More than 194.2 million shares were traded on the two local bourses, worth VNĐ3.82 trillion (nearly US$169.8 million).

Except for insurance, property and construction sectors, companies in the remaining 17 industries of the stock market saw their share prices decrease.

The energy sector performed the worst, followed by banks, agriculture firms and food producers with their sector indices dropping 0.8 per cent, 0.4 per cent and 0.2 per cent, respectively.

The energy sector was pulled down by PetroVietnam Gas (GAS), PetroVietnam Drilling and Well Services (PVD) and PetroVietnam Technical Services (PVS) after oil prices fell for a sixth straight session on Monday.

Brent crude finished Monday trading at $51.6 a barrel, down 0.7 per cent from Friday, and had declined by total 7.7 per cent since April 13.

The banking and agriculture groups were driven down by sharp falls of Asia Commercial Bank (ACB), Eximbank (EIB), Hoàng Anh Gia Lai Group (HAG) and its sub-unit Hoàng Anh Gia Lai Agriculture International (HNG).

Among those four stocks, EIB, HAG and HNG reversed from Monday’s strong gains on profit taking, dropping 1.7 per cent each.

The stock market remained trending downwards as earnings reported by listed companies failed to lift investor confidence, BIDV Securities (BSC) said in its daily report.

In addition, investors seemed unwilling to take part in trading activities and offload parts of their portfolios before the coming national holiday and international tensions, the Hà Nội-based brokerage firm said.

In the next sessions, the benchmark VN Index could drop further and the nearest level for the key index is 705 points, BSC said, adding that the current trend was needed as the stock market had risen strongly for a long period of time.

Newer News
13:38 VN stocks extend losses, Sabeco advances
09:51 Stocks plummet on investor caution
09:44 Experts: Selling pressure seen easing
11/12 Investor caution set to slow stock movements
11/12 Investor caution set to slow stock movements
11/12 VN-Index up as divestment disappoints
08/12 Vinamilk, PV Gas lift VN-Index
08/12 Shares mixed on changing money inflow
07/12 VN-Index extends loss on large caps
07/12 VN-Index declines for a second day
Older News
25/04 Caution pulls down blue chips
21/04 Stocks down on global risks
20/04 Shares up on confidence
19/04 Sabeco reports gains, urges additional divestment
19/04 Bargain hunting boosts local stocks
18/04 Stocks fall on investor worries
14/04 VN-Index steps back on correction fear
13/04 Market corrects on profit-taking
11/04 Shares slow on investor caution
07/04 Stocks skid, safe-haven assets jump as U.S. strikes Syria
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 3:01:37 PM
VN-INDEX 927.25 +9.80/+1.07%
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.