Tuesday, February 25, 2020 1:06:56 PM - Markets open
VN-INDEX 901.37 -1.97/-0.22%
HNX-INDEX 104.99 +0.81/+0.78%
UPCOM-INDEX 55.16 -0.07/-0.12%
Markets fall after ETF reviews portfolio
Vietnam News - 5/29/2019 10:59:54 AM
 (0 ratings. You must sign in to rate.)
The benchmark VN-Index on the Ho Chi Minh Stock Exchange decreased by 0.32 per cent to close at 972.00 points.
 
Nearly 149 million shares were traded on the southern exchange, worth VNĐ3.5 trillion (US$150 million).
 
The index increased by 0.53 per cent to close Monday at 975.14 points.
 
The HNX-Index on the Ha Noi Stock Exchange inched down 0.01 per cent to end at 105.03 points.
 
The index dropped 0.33 per cent to end Monday at 105.04 points.
 
More than 29.2 million shares were traded on the two exchanges, worth VNĐ371 million.
 
Many large-cap stocks in the basket of iShare MSCI Frontier 100 ETF such as Hoà Phát Group (HPG), Việt Nam Construction And Import-Export Joint Stock Corporation (VCG), Vingroup (VIC), Bảo Việt Holdings  (BVH), Bank for Investment and Development (BID) and Sabeco (SAB) all slumped today as the fund lowered the proportion of the stocks in its portfolio.
 
Sectors that increased included oil and gas, information and technology and seafood processing.
 
On the negative side, banking, real estate, insurance, food and beverages, securities, agriculture, logistics and construction were among the sectors that reported losses.
 
According to Bảo Việt Securities Company (BVSC), the VN-Index was forecast to rally in upcoming sessions.
 
“After last week’s decline, the VN-Index might accumulate between 960-993 points in the short run, before sending signals of its next movements,” the company said.
 
The market could diverge wildly among stock groups, while cash flow was expected to rotate among textiles, real estate, industrial parks, rubber, information technology and electricity, it added.
 
The market was expected to run flat in the short run, with stock exposure limited at most to 50 per cent of portfolios. Investors with large amounts of cash available should look at stocks in their support zones, it said.
 
Foreign investors yesterday bought a net value of VNĐ27 billion on HOSE, focusing on Vietjet Air (VJC) (VNĐ100.3 billion), PetroVietnam Power Corporation (POW) (VNĐ28.6 billion) and Viet Nam National Petroleum Group (PLX) (VNĐ23.4 billion). They sold a net value of VNĐ10.01 billion on the HNX.
 
BIDV Securities Company (BSC) said in its daily report that investors should continue to monitor global economic developments, especially Brexit and the G20 summit which is expected to take place at the end of June. — VNS
 
 
Read original article here
 
Newer News
20/02 Investment funds make more stock purchase despite decling prices
20/02 VN-Index steadies amid scepticism
18/02 VN stocks slide on market caution, gloomy forecasts
17/02 Trading remains quiet amid risk concerns
13/02 Shares move up but growth narrowed at the end of trading
11/02 Rising virus death toll weighs on market
10/02 VN stocks struggle to find growth momentum amid disease, expected lower earnings
06/02 VN shares mixed, but growth expected to return
05/02 VN stocks bounce but risks still exist
03/02 VN stocks to keep falling on disease fears
Older News
28/05 VN markets mixed on continued trade worries
27/05 More purchases of small stocks this week: analysts
25/05 VN stocks tumble on international pressure
24/05 VN stocks largely spared from trade war worries
23/05 VN stocks fall for a second day
21/05 Oil uptrend lifts VN stocks for seventh day
20/05 Market to face difficulties while VN-Index approaching 980 points
17/05 VN-Index rises despite selling pressure
16/05 VN-Index rises for third straight day
14/05 VN-Index ends in green on week’s first trading day
 
Newsletter Signup
Top Stories
VN shares mixed, but growth expected to return
VN stocks to keep falling on disease fears
Industry 4.0 brings big changes for stock market
Reference exchange rate up 1 VND on January 17
Reference exchange rate up 1 VND on January 15
Market Update
Last updated at 1:10:01 PM
VN-INDEX 901.37 -1.97/-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.