Monday, December 17, 2018 3:08:47 AM - Markets open
VN-INDEX 952.04 -8.21/-0.85%
HNX-INDEX 106.65 -0.65/-0.61%
UPCOM-INDEX 53.47 -0.40/-0.75%
VN-Index breaks 1,000 point level again
Vietnam News - 10/9/2018 10:22:13 AM
 (0 ratings. You must sign in to rate.)
HÀ NỘI — Shares decreased significantly on Monday as selling pressure hit petroleum and real estate stocks.
The benchmark VN-Index on the HCM Stock Exchange fell below the 1,000-point threshold, dropping 1.22 per cent to close Monday at 996.12 points.
The benchmark index dropped 1.49 per cent to close Friday at 1,008.39 points. The southern market index had gained a total of 1 per cent in the previous three straight sessions, but Friday’s decline erased its entire growth last week.
The VN-Index ended last week 0.86 per cent lower than the previous one.
The HNX Index on the Hà Nội Stock Exchange lost 0.25 per cent to end at 114.38 points. The northern market index dropped a total of 1.38 per cent last week.
More than 259.2 million shares were traded on the two local exchanges, worth VNĐ5.83 trillion (US$249 million).
Tracking the southern bourse’s largest stocks by capitalisation and liquidity, the VN30-Index lost nearly 1.07 per cent to finish at 970.28 points.
On a sector basis, 17 of the 20 sectors saw share prices drop, including real estate, securities, technology, banking, petroleum, food and beverages and seafood processing.
The 17 industry indices were down between 0.11 and 2.29 per cent, data on showed.
Oil-gas stocks slumped by 3.01 per cent after a streak of gains, dragged down by PetroVietnam Drilling & Well Services Corporation (PVD) (down 4.4 per cent), PetroVietnam Power Corporation (POW) (falling 4.3 per cent), Việt Nam National Petroleum Group (PLX) (slipping 3.2 per cent) and PetroVietnam Gas JSC (GAS) (declining 2.9 per cent).
Oil dropped for a third day in a row on information about Iranian crude. Brent and WTI crude prices respectively fell by 3.36 per cent and 3.5 per cent to $83.11 per barrel and $73.52 per barrel. Oil prices fell last weekend after the US said the Trump administration is considering waivers for sanctions against Iran’s oil exports next month.
According to Bảo Việt Securities Company (BVSC), with this steady drop of oil prices, domestic oil-gas stocks were heavily sold and sank today after a long rally.
Real estate stocks slid 1.57 per cent as Vincom Retail (VRE), Vinhomes (VHM) and Vingroup (VIC) respectively dropped by 4.1 per cent, 2.1 per cent, and 1.9 per cent. Securities stocks and bank stocks subsequently fell 1.01 per cent and 0.53 per cent.
BVSC said the VN-Index dropped to the 996-1,003 support zone. The index is likely to rebound in the next session.
“However, this is only a technical recovery and the market may continue to drop to a strong resistance zone at 980 before reverting to gains,” the company said in its daily report.
The UPCOM Index (UPCoM) declined 0.67 per cent to finish at 53.67 points. It decreased 0.94 per cent to finish at 54.04 points in the previous session. — VNS
Read original article here
Newer News
04/12 HNX collects $415m from share auctions in November
03/12 HNX-30 Index continues to underperform
26/11 Markets drop after recovery
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
Older News
04/10 Reference exchange rate continues to rise
04/10 Hanoi Stock Exchange hosts 27 auctions in nine months
03/10 VN Index rebounds with high liquidity
01/10 Shares likely maintain uptrend
28/09 FTSE Russell adds VN to reclassification watchlist
27/09 VN-Index sink for a second day
25/09 VN-Index continues upward trend
24/09 Market outlook positive for last week of September
20/09 Stocks up slightly on profit-taking
20/09 Stocks up slightly on profit-taking
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 3:10:39 PM
VN-INDEX 952.04 -8.21/-0.85%
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.