Monday, November 18, 2019 12:13:43 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 slides for second day
Vietnam News - 11/9/2019 10:59:08 AM
 (0 ratings. You must sign in to rate.)
Việt Nam’s benchmark VN-Index fell for a second day as investors continued to take profits from the market’s recent rally, sending large-caps lower.
The VN-Index on the Hồ Chí Minh Stock Exchange inched down 0.15 per cent to close Friday at 1,022.49 points.
The benchmark index also fell 0.09 per cent on Thursday.
The VN-Index gained 0.68 per cent during the week.
More than 181.3 million shares were traded on the southern bourse, worth VNĐ4.15 trillion (US$178.4 million).
The trading figures were slightly down from Thursday.
The benchmark continued struggling on Friday as large-cap stocks posted further losses under strong selling pressure, Thành Công Securities Co (TCSC) said in its daily report.
The large-cap VN30-Index moved up 0.05 per cent to 944.70 points but declining stocks in the basket outnumbered gainers by 13 to 11, while six stocks ended flat.
Among the worst performers were property firms Vincom Retail (VRE) and Vinhomes (VHM), Bank for Investment and Development of Vietnam (BID), insurer Bao Viet (BVH) and port operator Gemadept (GMD).
Investors ran away from large-cap stocks but seemed hesitant to turn to mid-cap and small-caps.
On the Hồ Chí Minh Stock Exchange, the mid-cap index slid 0.08 per cent while the small-cap market was up 0.05 per cent.
In terms of sectors, insurance, real estate, retail, mining and petroleum, and logistics and transportation were the key stocks to fall.
According to TCSC, the struggle and slightly-decreased liquidity was necessary after the VN-Index had made several strong gains.
The VN-Index needed to find its balance point and consolidate before making further gains towards new highs.
Large-cap stocks, especially banks, would remain worth watching and may be the driving factor for the market as investors focused on this group for positive full-year earnings reports, TCSC said.
The VN-Index may continue to hover around the 1,025 point mark, TCSC forecast, adding the benchmark would head up to 1,045 points.
On the Hà Nội Stock Exchange, the HNX-Index rose 0.37 per cent to end at 107.27 points.
Since last Friday, the HNX-Index has rallied nearly 2 per cent.
More than 33.4 million shares were traded on the northern bourse, worth VNĐ350 billion. – 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
Older News
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
01/11 Profit-taking send stocks down
30/10 VN-Index recovers as large-caps gain ground
29/10 VN-Index fails to hit 1,000 points as selling increases
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
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...
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.