Friday, October 19, 2018 12:34:18 PM - Markets open
VN-INDEX 954.25 -9.22/-0.96%
HNX-INDEX 107.17 -0.74/-0.69%
UPCOM-INDEX 52.43 -0.27/-0.52%
Stocks endure another strong selloff - 4/12/2018 3:42:51 PM
 (0 ratings. You must sign in to rate.)
Vietnamese shares yesterday extended losses for a second day on the two national stock exchanges as many large-caps in banking and securities suffered strong selling pressure.
The benchmark VN-Index on the HCM Stock Exchange (HOSE) plunged 2.59 per cent to close at 1,167 points, totaling a two-day fall of 3.1 per cent.
The HNX Index on Hà Nội Stock Exchange fell 2.15 per cent to end at 133.74 points, extending its downtrend from the previous 0.8 per cent decline.
More than 360.3 million shares worth VNĐ10.7 trillion (US$470 million) were traded on the two local exchanges.
Declining stocks dominated the bourses, outnumbering gainers by 330 to 141, showing low investor confidence.
Stocks in the VN30 group faced a strong imbalance in the market with the number of losers three times the number of gainers. The VN30 Index lost 2.64 per cent to reach 1,137 points, with 24 declining stocks against two gainers among the 30 largest stocks by market capitalisation.
Large-cap stocks fell across the board, including dairy firm Vinamilk (VNM), property developer Vingroup (VIC), PetroVietnam Gas Joint Stock Corporation (GAS) and Masan Group Corporation (MSN).
The UPCOM Index on the Unlisted Public Company Market fell 0.93 per cent to stay at 59.86 points, totaling a three-day decline of 1.3 per cent .
Foreign Investors were net sellers of VNĐ282.8 billion on HOSE, focusing on Hồ Chí Minh Development Joint Stock Commercial Bank (VNĐ190.4 billion), dairy firm Vinamilk (VNĐ59.9 billion) amd Sài Gòn Securities Incorporation (VNĐ55 billion). In addition, they bought a net VNĐ111.33 billion on the HNX.
Securities, real estate, agriculture, finance-banking, insurance and retail sectors were the worst-performing industries.
Their indices declined between 1.05 per cent and 3.58 per cent, according to
The worst securities performers included Sài Gòn Securities Incorporation (SSI), down 3.9 per cent, Việt Capital Securities Joint Stock Company (VCI), losing 2.6 per cent, Hồ Chí Minh City Securities Corporation (HCM), declining 5.9 per cent, VNDirect Securities Corporation (VND), decreasing 2.53 per cent and Bank for Invesment & Development of Vietnam Securities Company (BSI), down 2.55 per cent.
Large-caps in banking also suffered, with JSC Bank For Investment And Development Of Vietnam, Vietcombank, Vietinbank, Military Bank and VP Bank, losing from 2.2 to 4.4 per cent.
According to BIDV Securities JSC (BSC), investors should be cautious in the next trading session as the shakeout will be larger than today and there will be a clearer cash flow division.
Meanwhile, Bảo Việt Securities Company (BVSC) said in its daily report that selling pressure increased after an overheating uptrend, bad news for the overall market. However, amid the peak season for AGMs, the market will shift upon each company’s results. — VNS
Read original article here
Newer News
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
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
Older News
11/04 VN-Index slightly down on southern bourse
10/04 VN-Index hits 1,200 points on cash flow
07/04 VN-Index keeps upward trend, approaching 1,200 points
06/04 VN Index struggles to stay positive
05/04 VN-Index returns to 1,190 benchmark after stocks recover
04/04 VN Index down from record high
04/04 HNX to host six share auctions in April
03/04 Green colour dominates stock market as April starts
31/03 Shares move up in the week’s last session
30/03 Shares end three-day rally on fears of volatility
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 11:31:05 AM
VN-INDEX 954.25 -9.22/-0.96%
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.