Monday, November 18, 2019 2:46:38 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 shares mixed as world markets remain volatile
Vietnam News - 5/30/2019 12:55:51 PM
 (0 ratings. You must sign in to rate.)
Shares were mixed on Wednesday on the two national stock exchanges due to a lack of supportive information and the risk of volatility on world markets.
 
On the Hồ Chí Minh Stock Exchange, the VN-Index inched down 0.05 per cent to close the day at 971.54 points. Meanwhile, the HNX-Index on the Hà Nội Stock Exchange edged up 0.28 per cent to end at 105.32 points.
 
Both stock indices declined on Tuesday.
 
The market witnessed strong declines among leading stocks in the oil and gas, banking, rubber and seafood groups towards the end of the session.
 
Except for PV Gas (GAS), which maintained a modest increase of 0.7 per cent, oil and gas companies including PetroVietnam Drilling and Wells Service (PVD), PetroVietnam Technical Service (PVS) and PetroVietnam Coating (PVB) lost 1-3 per cent each.
 
Among banks, seven of 13 listed lenders declined, including the biggest ones such as Techcombank (TCB), Vietinbank (CTG), Bank for Investment and Development of Việt Nam (BID) and VPBank (VPB).
 
Only five banks gained. Vietcombank (VCB) inched up 0.2 per cent, while Asia Commercial Bank (ACB), Hồ Chí Minh Development Bank (HDB), Tiên Phong Bank (TPB) and Nam Việt Bank (NVB) gained between 0.2 per cent and 1.3 per cent each.
 
For rubber and seafood shares, the biggest losers included Seafood JSC No 4 (TS4), down 7 per cent, and Phước Hòa Rubber (PHR) and Sao Vàng Rubber (SRC), both down more than 6 per cent.
 
On the other side, some heavyweight stocks increased and cushioned the market such as Vingroup (VIC), PetroVietnam Fertiliser & Chemicals (DPM), steelmaker Hòa Phát Group (HPG) and property developer Novaland Investment (NVL), each rising by more than 1 per cent.
 
“The market strongly diverged," said Trần Xuân Bách, a stock analyst at Bảo Việt Securities Co, in the company's daily report. "The cashflow is expected to rotate among textiles, real estate, industrial parks, information technology and electricity."
 
Despite fluctuations, he said he expected the VN-Index to rally and accumulate between 960-965 points and 988-993 points in the short run.
 
According to BIDV Securities Co, low liquidity indicated that market sentiment remained weak due to the lack of supportive information and risks of fluctuations in world markets.  
 
A total of 172 million shares worth more than VNĐ3.74 trillion (US$160.4 million) were traded on the two markets, slightly lower than on Tuesday.
 
Foreign investors ended Wednesday as net buyers, picking up shares worth a net value of VNĐ140 billion on the two exchanges. — 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
09/11 VN-Index slides for second day
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
Older News
29/05 Markets fall after ETF reviews portfolio
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
 
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...
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.