Thursday, July 16, 2020 11:50:05 AM - Markets open
VN-INDEX 869.55 -0.36/-0.04%
HNX-INDEX 115.46 -0.45/-0.39%
UPCOM-INDEX 57.10 +0.12/+0.22%
Shares lose steam as selling pressure increases
Vietnam News - 10/3/2019 2:02:35 PM
 (0 ratings. You must sign in to rate.)
The VN-Index failed to stay at the 1,000 point mark again as selling pressure increased sharply as the benchmark approaching the landmark.
 
The benchmark VN-Index on the Hồ Chí Minh Stock Exchange lost 0.84 per cent to close Wednesday at 991.19 points.
 
Nearly 179 million shares were traded on the southern bourse, worth VNĐ4.24 trillion (US$183.2 million).
 
The VN-Index rose 0.3 per cent to close at 999.59 points on Tuesday.
 
This is the second time in the last three sessions the VN-Index has surpassed 1,000 points but failed to maintain the momentum till the end of trading.
 
According to Sài Gòn-Hà Nội Securities Co (SHS), this movement may affect investors' expectations.
 
Strong fluctuations on Wednesday were attributed to negative movements of global stocks.
 
The S&P 500 and Dow suffered the worst crises in more than a month on Tuesday after data showed factory activity in the US dropped to its weakest level in more than a decade, raising concerns that a trade war between the US and China is hampering the world's largest economy.
 
The Dow Jones decreased by 343.79 points, equivalent to 1.28 per cent, to 26,573.04 points. The S&P 500 lost 36.49 points, equivalent to 1.23 per cent, to 2,940.25 points. This is the sharpest decline for the two indices since August 23, when President Donald Trump asked US companies to find alternatives to doing business with China. Nasdaq fell 90.65 points, or 1.13 per cent, to 7,908.69 points.
 
Large-caps were strongly hit, including  Vingroup (VIC) (-1.6 per cent), Vietcombank (VCB) (-1.7 per cent), PetroVietnam Gas JSC (GAS) (-2.5 per cent), Masan Group (MSN) (- 2.3 per cent), Vinamilk (VNM) (-0.8 per cent), Vincom Retail (VRE) (-2.1 per cent), Vietinbank (CTG) (-1.4 per cent) and Vinhomes (VHM) (-0.2 per cent).
 
On a sector basis, wholesale, retail, insurance, real estate, energy, banking, information and technology, agriculture, food and beverage, seafood processing, construction materials and logistics were among the losers on Wednesday.
 
On the Hà Nội Stock Exchange, the HNX-Index was down 0.55 per cent to end at 105.27 points.
 
More than 22.3 million shares were traded on the northern market, worth VNĐ312 billion.
 
The northern market index was up 0.76 per cent to end at 105.85 points on Tuesday.
 
Foreign investors offloaded VNĐ345.74 billion on the HOSE, including Phát Đạt Real Estate Development JSC (PDR) (VNĐ89.04 billion), Vinamilk (VNM) (VNĐ61.50 billion) and Vingroup (VIC) (VNĐ41.99 billion). They were also net sellers on the HNX with a value of VNĐ5.5 billion. — VNS
 
 
Read original article here
 
Newer News
15/07 Shares drop further on low liquidity
15/07 New regulations about corporate bond issuance
13/07 Stocks to struggle on mixed Q2 earnings report releases
12/07 Rallies end as profit-taking weighs on large-caps
07/07 VN stocks advance as securities, banking and aviation industries rise
07/07 Corporate bond market to boom in second half
02/07 VN-Index rebounds, propped up by PMI data and interest cuts
01/07 VN stocks fall for sixth straight day
30/06 Shares plummet on GDP growth record low and surges in COVID-19 fatalities
29/06 July to be a hard month for Vietnamese shares
Older News
01/10 Vn-Index fail to conquer 1,000 points in afternoon trading
01/10 Vietnam remains frontier market: FTSE Russell
30/09 VN stocks to beat 1,000 points in Q4
30/09 Việt Nam remains frontier market: FTSE Russell
27/09 Securities shares boost VN-Index
26/09 VN stocks step down on lack of support
24/09 VN-Index declines as corporates short of good news
23/09 Shares to move marginally as investors wait for FTSE's review results
21/09 VN stocks change little with increased selling
20/09 VN stocks driven up by large-cap sector
 
Newsletter Signup
Top Stories
New regulations about corporate bond issuance
Reference exchange rate remains unchanged
New traders flock to market
Reforms needed to attract foreign portfolio investment: fund manager
Reference exchange rate down 2 VND on June 4
Market Update
Last updated at 11:45:00 AM
VN-INDEX 869.55 -0.36/-0.04%
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.