Monday, November 18, 2019 12:32:21 AM - Markets open
VN-INDEX 1,010.03 -2.27/-0.22%
HNX-INDEX 106.03 -0.21/-0.20%
UPCOM-INDEX 57.00 +0.29/+0.52%
VN-Index fails to hit 1,000 points as selling increases
Vnexpress - 10/29/2019 12:57:38 PM
 (0 ratings. You must sign in to rate.)
The VN-Index failed to hit 1,000 points on Monday as selling increased in the afternoon, causing the index to fall slightly.
 
The benchmark VN-Index on the Hồ Chí Minh Stock Exchange inched down 0.01 per cent to end at  996.48 points.
 
Nearly 184 million shares were traded on the southern bourse, worth VNĐ3.75 trillion (US$160 million).
 
The index made a weekly gain of 0.74 per cent last week.
 
Trading was positive in the morning thanks to blue-chips such as brewery Sabeco (SAB), Bank for Investment and Development (BID), PetroVietnam Gas JSC (GAS), dairy firm Vinamilk (VNM) and Vietinbank (CTG). The rally pushed the index to 999 points.
 
However, in the afternoon, selling pressure on Vietcombank (VCB), Vinamilk (VNM), Novaland (NVL) and Military Bank (MBB) pushed the index down.
 
According to BIDV Securities Co (BSC), the index had experienced a correction while most major stock markets in the region posted gains.
 
The Asia stock market has gained substantially recently with positive progress made in US-China trade negotiations. At market close on Monday, MSCI Asia Pacific ex Japan had increased 0.085 per cent to 517.712 points – the highest closing point since early August.
 
The Shanghai Composite also gained 0.85 per cent to 2980.05 points.
 
Hong Kong’s Hang Seng witnessed an increase of 0.84 per cent to 26,891.26 points.
 
Meanwhile, Japan’s Nikkei 225 was up 0.30 per cent to settle at 22,867.27 points – the highest closing point so far this year.
 
US-China trade have been making progress. During a high-level teleconference that took place last Friday, both the Office of the US Trade Representative and the Ministry of Commerce of the People’s Republic of China said the US and China were very close to finalising a trade deal.
 
US President Donald Trump also claimed that he expected to sign a trade deal with Chinese President Xi Jinping at a summit in Chile next month.
 
According to Bảo Việt Securities Co (BVSC), the long-lasting trade war between the US and China had negatively influenced global economic growth and especially the world’s two largest economies. From a business perspective, the trade war had caused anxiety and uncertainty.
 
Businesses had been cautious about production planning, so if the deal was signed, they were expected to gain more confidence in production and business activities, BVSC said.
 
Foreign investors bought a net value of VNĐ15.16 billion on the HOSE, including FLC Faros Construction Joint Stock Company (ROS) (VNĐ23.87 billion), Phú Tài Joint Stock Company (PTB) (VNĐ23.06 billion) and Hòa Phát Group (HPG) (VNĐ18.98 billion). Foreigners were net buyers on the HNX with a value of VNĐ11.12 billion.
 
On the Hà Nội Stock Exchange, the HNX-Index rose 0.31 per cent to close at 105.04 points.
 
The northern index dropped 0.73 per cent last week.
 
BSC said in its report that the VN-Index would be struggling around the 985-1,000 point range for the next few sessions, especially with the Q3 business report season coming to an end and the market searching for a new driving force. — VNS
 
 
Read original article here
 
Newer News
14/11 Blue-chips dip as supply soars
13/11 Markets climb with divergence among large-caps
12/11 Profit-taking sends stocks down
11/11 VN-Index to move flat, large-cap stocks to weaken
10/11 85% of businesses listed on stock market report profit growth in Q3
09/11 VN-Index slides for second day
09/11 85% of businesses listed on stock market report profit growth in Q3
08/11 VN-Index steps down from 4-day rally
07/11 Stock market inches up, investors begin earning profits
02/11 Shares surge, VN-index hits one-year peak
Older News
28/10 Large-cap firms to drive market up, but performance would be narrow
27/10 VN stocks up, Vietcombank shares hit new high
23/10 Shares slide on selling pressure
22/10 VN stocks slip on disappointing earnings, global news
20/10 Banks report higher profit
18/10 VN-index ends up lower as correcting pressure rises
17/10 Large-caps correct, halting VN-Index gains
16/10 Shares subdued as market shakes
14/10 Trade war worries lifted, but market growth flat: analysts
12/10 Shares edge up but foreign traders prolong net selling
 
Newsletter Signup
Top Stories
Reference exchange rate unchanged on November 13
VN-Index slides for second day
Reference exchange rate reverses downward trend on October 23
Prices of Grade A office space rise due to low supply
VN stocks to beat 1,000 points in Q4
Market Update
Last updated at 3:10:01 PM
VN-INDEX 1,010.03 -2.27/-0.22%
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.