Friday, September 18, 2020 7:54:02 PM - Markets open
VN-INDEX 900.95 +6.91/+0.77%
HNX-INDEX 129.20 +0.73/+0.57%
UPCOM-INDEX 60.59 +0.72/+1.20%
VN stocks decline for a second day
Vietnam News - 12/4/2019 1:14:48 PM
 (0 ratings. You must sign in to rate.)
Vietnamese shares fell for a second day as investors remained concerned about the frailty of the market following Monday's collapse.
The benchmark VN-Index on the Hồ Chí Minh Stock Exchange dropped 0.61 per cent to close Tuesday at 953.43 points.
It shed 1.18 per cent on Monday.
The VN-Index showed signs of recovery during the day but stronger selling in the afternoon session took its toll.
The intense sell-off lifted trading liquidity from the previous day.
Nearly 265 million shares were traded on the southern market, worth VNĐ7.86 trillion (US$341.2 million).
The figures were up a quarter in volume and 75 per cent in value from Monday’s totals.
The market sentiment was quite weak at the moment, Sài Gòn-Hà Nội Securities Co (SHS) said in its daily report.
Investors also seemed cautious after Asia-Pacific stock markets declined on worries about rising trade tensions, it said.
Shares in banks, securities firms, insurers and food and beverage firms continued to weigh on the market.
The indices dropped between 0.7 per cent and 2.7 per cent.
Large-cap stocks ended in negative territory with the VN30-Index losing 0.73 per cent to stand at 868.68 points.
But there was a positive sign because increased trading liquidity proved buyers were ready to buy back shares that were dumped during the day, SHS said.
The support level of 950 points motivated investors to start hunting stocks that were sold off and cushioned the market, SHS added.
On the derivatives market, the VN30F1912, which will mature later in December, was down 0.33 per cent to close at 785.10 points.
The slight fall of the VN30 futures proved investors were expecting the market to see a technical recovery soon, SHS said.
But a negative market outlook remained and the VN-Index was forecast to fall further to test the support level of 950 points, the company said.
On the Hà Nội Stock Exchange, the HNX-Index inched up 0.17 per cent to end at 101.07 points.
The northern market index lost 1.56 per cent on Monday.
More than 26 million shares were traded on the northern market, worth VNĐ364.6 billion.-VNS
Read original article here
Newer News
15/09 Realty, materials boost VN market
14/09 Varying forecasts for stock market, plenty of opportunities for investors
11/09 Shares struggle as large caps vary
09/09 Local ETFs draw foreign attention
07/09 Profit taking to weigh on local market, but September may be bright
07/09 Stock market makes smart recovery in August [Sửa | Xóa]
03/09 New circular helps perfect financial products and stock market: expert
31/08 Beer industry: market slowly recovers
27/08 Selling pressure weighs down market
27/08 Intraday trading, short selling soon available: draft circular
Older News
03/12 VN stocks suffer a sudden drop in the afternoon
02/12 Bottom fishing may push shares up slightly
29/11 Shares drop after two-day rise
28/11 Shares gain but selling pressure still high
27/11 Billions of shares pending for HoSE listing
22/11 VN-Index tumbles in late sell-offs
22/11 UPCoM offers opportunities for market players
18/11 VN30 firms take 92% of all top listed firms’ total Q3 profits
14/11 Blue-chips dip as supply soars
13/11 Markets climb with divergence among large-caps
Newsletter Signup
Top Stories
Reference exchange rate down 5 VND on September 15
Construction steel sales projected to recover in year-end months
HVN: Vietnam Airlines increases flights from/to Da Nang
Local ETFs draw foreign attention
Plastics industry shrugs off pandemic, interests stock investors
Market Update
Last updated at 3:10:06 PM
VN-INDEX 900.95 +6.91/+0.77%
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.