Saturday, August 17, 2019 7:58:45 PM - Markets open
VN-INDEX 980.00 +0.62/+0.06%
HNX-INDEX 102.35 +0.68/+0.67%
UPCOM-INDEX 57.55 +0.20/+0.34%
VN stocks decline from a two-day rally
Vietnam News - 4/26/2019 1:23:04 PM
 (0 ratings. You must sign in to rate.)
Vietnamese shares returned to negative territory after a two-day increase as investors looked for profits ahead of the national holidays.
 
The benchmark VN-Index on the Hồ Chí Minh Stock Exchange dropped 0.29 per cent to close at 974.13 points.
 
The VN-Index had gained total 1.14 per cent in the previous two trading days.
 
More than 149 million shares were traded on the southern bourse, worth nearly VNĐ3 trillion (US$127.6 million).
 
Trading liquidity improved slightly compared to Wednesday but remained below the average level of the last 20 trading days as investors chose to earn profits before the five-day national holidays, according to Sài Gòn-Hà Nội Securities (SHS).
 
The market breadth was negative with 166 declining stocks and 108 gainers while 71 stocks remained unchanged.
 
“The stock market traded very quietly today with both marginally-moving indices and low liquidity,” SHS said in its daily report.
 
“Investors seemed bored with the recent market conditions. In addition, as the market is about to close in the first three trading days of next week for the national holidays, investors would rather stay out of the market trading at the moment,” SHS said.
 
Poor market sentiment pulled 15 of the 20 sector indices down on Thursday, including those that had helped boost the stock market in the previous two days such as banking and financials, petroleum, consumer staple, and real estate.
 
The large-cap VN30-Index, which tracks the performance of the 30 largest stocks by market capitalisation, fell 0.34 per cent to end at 885.65 points.
 
Seventeen of the total 30 stocks in the VN30 basket finished in the negative territory and the seven worst decliners were financial and banking firms such as Vietcombank (VCB), VPBank (VPB), Techcombank (TCB) and Saigon Securities Inc (SSI).
 
Investors still expected the stock market would continue declining in the short term and any rebounds at the moment would mean technical recovery only, SHS said.
 
All those technical recovery days, or pullbacks, would be opportunities for investors to sell rather than buy in, SHS added.
 
On Friday, the VN-Index was forecast to bounce and test the resistant 980-985 point range, SHS said.
 
On the Hà Nội Stock Exchange, the HNX-Index inched down 0.19 per cent to end at 106.93 points.
 
The northern market index had risen a total 1.42 per cent in the previous two trading days.
 
More than 35 million shares were traded on the northern market, worth VNĐ246 billion. – VNS
 
 
Read original article here
 
Newer News
15/08 Securities regulator unveils corporate governance code
14/08 Investors cheer US tariff delay
14/08 Post-merger stock exchange headquarters in Hanoi
11/08 Listed companies honoured for best investor relations
09/08 VN-Index makes progress on purchase power
08/08 VN shares move up but liquidity modest
07/08 Shares slide, money flows into industrial sector
06/08 Shares tumble on massive selling
02/08 VN stocks fall on US-China trade news
01/08 Shares recover on strong first-half earnings
Older News
24/04 VN stocks up on weak bottom-fishing purchases
23/04 VN stocks fall on disappointing Q1 earnings
17/04 "Vin" stocks drag on markets
16/04 Pessimism may drag VN stocks further this week
09/04 VN stocks progress ahead of reports
09/04 VN-Index nears 1,000-point mark on April 8
08/04 Few stock-focused funds beat VN-Index in Q1
08/04 HoSE to help foreign investors
05/04 VN stocks change little on lack of purchasing power
04/04 Vietnam remains in FTSE Russel’s watchlist for reclassification
 
Newsletter Signup
Top Stories
Post-merger stock exchange headquarters in Hanoi
Listed companies honoured for best investor relations
Reference exchange rate up 2 VND on August 7
VN has trade surplus of about $1.6 billion in H1
Trade pacts bring opportunities for seafood industry's sustainable growth
Market Update
Last updated at 3:09:59 PM
VN-INDEX 980.00 +0.62/+0.06%
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.