Thursday, September 20, 2018 3:40:08 PM - Markets open
VN-INDEX 1,004.74 +9.20/+0.92%
HNX-INDEX 115.06 +0.86/+0.75%
UPCOM-INDEX 52.99 +0.53/+1.01%
VN Index down from record high
http://vietnamnews.vn/ - 4/4/2018 9:53:45 AM
 (0 ratings. You must sign in to rate.)
Việt Nam’s benchmark VN Index edged down 0.70 per cent to close at 1,188.29 points on Tuesday as investor confidence was dampened by major declines in US stocks.
 
The VN Index on the HCM Stock Exchange had gained a total of 2.5 per cent in the previous two sessions to set its new record high of 1,196.61 points on Monday.
 
More than 255 million shares were traded on the southern bourse, worth nearly VNĐ8 trillion (US$354.6 million).
 
Declining stocks outnumbered gainers by 171 to 121, proving the market trading condition was quite negative. Meanwhile, 48 other stocks ended flat.
 
Large-cap stocks stunned the market as the VN30 Index, which tracks the performance of the 30 largest stocks by market capitalisation, dropped 0.87 per cent to the day-close level of 1,160.97 points.
 
Seventeen of the 30 largest stocks in the basket saw their values decline while 12 others made gains.
 
The worst decliners among those stocks included FLC Faros Construction (ROS), digital retailer Mobile World (MWG), brewer Sabeco (SAB) and dairy producer Vinamilk (VNM). They each lost at least 3 per cent.
 
The steep decline of the Vietnamese benchmark index on Tuesday was attributed to poor investor sentiment following the extended losses in the US stocks market.
 
The US stocks continued to fall on April 2 on rising fears for a potential trade war between China and the US and on a selloff of technology shares.
 
According to Bảo Việt Securities Company (BVSC), the US stock market faces further volatility amid the post-growth period.
 
“Therefore, this can still be considered an objective risk to Việt Nam’s stock market,” BVSC said in its daily report.
 
Such risks forced foreign investors to turn into net sellers, posting a total net sell value of VNĐ339.5 billion against their net buy value of VNĐ61.2 billion recorded on Monday.
 
Regarding the potential trade war between the two biggest economies, BVSC was optimistic, claiming that “the possibility of the US-China trade war on a large scale is negligible.”
 
Though the VN Index suffered on Tuesday, there were signs that the domestic market was in good sentiments relative to the world as a whole, illustrated by the high trading liquidity of the last two sessions, Sài Gòn-Hà Nội Securities Company (SHS) said.
 
Investors demonstrated strong confidence in the shares of securities firms, which are believed to benefit from the rise of the market’s total trading liquidity.
 
The average trading volume and value of each session in the first three months of 2018 has reached 356.5 million shares and VNĐ9.32 trillion, raising investors’ hopes for prosperous first quarter earnings for securities firms.
 
Securities firms that gained on Tuesday included VNDirect Securities (VND), Vietinbank Securities (CTS), HCM City Securities (HCM) and Saigon Securities Inc (SSI).
 
On the Hà Nội Stock Exchange, the HNX Index recovered in the last minutes to close at 135.62 points, up 0.17 per cent from Monday and up a total of 2.8 per cent after the last three sessions.
 
The UPCOM Index on the Unlisted Public Company Market (UPCoM) fell 0.76 per cent to end at 60.45 points, retreating from its previous three-day growth of a total of 2 per cent. — VNS
 
Read original article here
Newer News
12:57 Stocks up slightly on profit-taking
12:57 Stocks up slightly on profit-taking
18/09 VN-Index down 3.73 points on September 17
12/09 Vietnam’s stock market capitalisation reaches 79.2 percent of GDP
10/09 Stock market pins hopes on foreign investors in September
30/08 VN Index rally ends on selling pressure
29/08 Large-cap stocks lift market
28/08 VN-Index struggles to maintain rally
27/08 VN Index to rise amid volatility, weak liquidity
25/08 Negative sentiment ends VN-Index rally
Older News
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
29/03 VN-Index rises slightly on March 28
27/03 VN-Index rises further, not affected by global market
24/03 Large amount of shares traded, pulling down indexes
23/03 VN Index hits new record high
22/03 VN-Index rises for three consecutive days
21/03 VN-Index firm amid 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 3:11:00 PM
VN-INDEX 1,004.74 +9.20/+0.92%
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...
Portfolio
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.