Tuesday, October 23, 2018 1:32:14 AM - Markets open
VN-INDEX 953.51 -4.85/-0.51%
HNX-INDEX 107.55 -0.55/-0.51%
UPCOM-INDEX 52.42 -0.05/-0.09%
VN shares slump on domestic fund restructure
thanhnienviet.vn - 7/21/2018 10:46:33 AM
 (0 ratings. You must sign in to rate.)
Shares nosedived on the HCM City Stock Exchange on Friday, dragged down by trading for portfolio-restructuring of domestic exchange-traded fund (ETF) E1VFVN30.
Active trading by the ETF, particularly offloading a wide range of blue-chips, had a negative impact on investor psychology and weighed on the market.
The benchmark VN Index on the HCM Stock Exchange plunged 1.12 per cent to close at 933.39 points, reversing from its increase of 5.7 per cent during the last six sessions.
The HNX Index on the Hà Nội Stock Exchange gained 1.93 per cent to end at 107.62 points. The northern market index inched down 1.26 per cent on Thursday.
More than 249 million shares were traded on both local bourses, worth VNĐ5.5 trillion (US$238 million).
Overall market condition was negative with 210 gainers and 223 losers, while 308 closed unchanged.
Tracking the southern bourse’s largest stocks by capitalisation and liquidity, the VN30-Index dropped 1.55 per cent to end at 926.50 points.
Among all 20 industries, the worst declining stocks were found in insurance, real estate and retail.
The ETF VFMVN30’s review on Friday had a negative impact on the market.
Some of the stocks up for sale were real estate developer Vingroup (VIC), FLC Faros Construction Joint Stock Company (ROS), brewery Sabeco (SAB), budget carrier Vietjet (VJC), steel maker Hòa Phát Group (HPG) and retailers Mobile World Group (MWG) and FPT Corporation (FPT).
Notably, SAB hit the daily limit decline of 7 per cent while ROS fell sharply by 6.6 per cent.
The three stocks that were excluded from the ETF E1VFVN30 report were insurer Bảo Việt Holdings (BVH), JSC Bank for Investment and Development of Việt Nam (BID) and PetroVietnam Power Nhơn Trạch 2 JSC (NT2). BVH dropped by 6 per cent to trade at VNĐ71,000 per share. NT2 decreased by 2.4 per cent to VNĐ26,000 per share, and BID went down 1.6 per cent to VNĐ25,400 per share.
On the other side, some large-cap stocks traded on the HNX like Asia Commercial Bank (ACB) and PetroVietnam Technical Services Corporation (PVS) unexpectedly surged by 4 per cent and 1.8 per cent, respectively, contributing to HNX-Index’s rally on Friday.
The UPCOM Index dropped 0.07 per cent to finish at 50.55 points. It gained 0.85 per cent to finish at 50.59 points in the previous session.
According to BIDV Securities Company (BSC), the market experienced a correction mode on Friday, so investors should stay calm and wait for supporting information from Q2 business results. — VNS
Read original article here
Newer News
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
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
Older News
20/07 Shares volatile on large-cap stocks
19/07 VN-Index rises over 21 points
18/07 Initial margin ratio raised to reduce derivatives risks
17/07 Banking stocks push shares up
16/07 Hopes dim for VN shares short-term prospects
13/07 VN stocks recover as tensions ease
12/07 Stocks dive on latest trade news
11/07 VN stocks fall on late selling again
10/07 Covered warrants: the answer to investors prayers?
10/07 Weak cash flow drives market down
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 3:09:23 PM
VN-INDEX 953.51 -4.85/-0.51%
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.