Tuesday, November 20, 2018 10:32:15 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%
Shares remain close to 10-year high
Source: VNS - 4/4/2017 10:40:27 AM
 (0 ratings. You must sign in to rate.)
Shares closed almost flat on the two local exchanges yesterday as strong investor selling hit large-cap stocks after the market reached a 10-year high last week.

The benchmark VN Index on the HCM Stock Exchange closed at 722.38 points, nearly unchanged from a closing level of 722.31 points on Friday.

The HNX Index on the Ha Noi Stock Exchange inched up 0.1 per cent to end at 92.92 points. The northern market index fell 0.3 per cent on Friday.

Market trading liquidity remained positive compared to Friday, with more than 226 million shares traded, worth VNĐ4.43 trillion (US$197.2 million).

Stocks that had pushed the market up in the previous weeks ended in negative territory, such as Vietcombank (VCB), Bank for Investment and Development of Việt Nam (BID), Vietinbank (CTG), Bảo Việt Holdings (BVH) and Bảo Minh Insurance Corp (BMI).

VCB fell 1.4 per cent, BID lost 2.3 per cent, CTG edged down 0.6 per cent, BVH dropped 0.8 per cent and BMI was down 0.4 per cent.

Energy companies saw their share values decrease on pressure from profit-taking and volatile crude prices.

PetroVietnam Gas (GAS), PetroVietnam Drilling and Well Services (PVD) and PetroVietnam Technical Services (PVS) declined by between 0.5 per cent and 1.7 per cent to drive the energy sector down.

Meanwhile, foreign investors recorded a net buy value of VNĐ86.7 billion, a nearly 40 per cent decrease from Friday’s figure of VNĐ143.85 billion.

On the positive side, there were good performances by some stocks that supported the market such as Sacombank (STB), brewer Sabeco (SAB), Asia Commercial Bank (ACB), Sai Gon Securities Inc (SSI) and HCM City Securities Corp (HCM).

STB surged 7 per cent, hitting its daily trading limit, on speculations that property developer Nova Group has proposed the central bank to buy a 20 per cent stake of Sacombank in an attempt to take part in the bank’s restructuring process.

SAB inched up 0.2 per cent. Bloomberg on Friday reported the Philippines’ largest brewer San Miguel may bid for ownership in Sabeco.

“The first trading session of April has extended the market’s downward trend from last week after the VN Index failed to achieve the level of 725 points,” BIDV Securities Corp (BSC) said in its report.

The market would move sideways in the next sessions with support from food and beverage firms, steel makers and construction companies, BSC said.

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
03/04 VN apparel firms avoid stock market for now
30/03 Emerging market status key to netting foreign investment
28/03 Shares narrow gains on short-term risk
24/03 Blue chips drive VN stocks back up
23/03 Stocks dip on profit-taking and oil
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
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.