Friday, December 13, 2019 4:53:52 AM - Markets open
VN-INDEX 968.17 +6.39/+0.66%
HNX-INDEX 102.71 +0.33/+0.32%
UPCOM-INDEX 55.52 +0.11/+0.21%
Shares ease on low demand
Vietnam News - 6/13/2019 1:50:59 PM
 (0 ratings. You must sign in to rate.)
Shares tumbled on Wednesday on low liquidity due to weak market sentiment as investors adopted a wait-and-watch approach with little capital injection.
 
The benchmark VN-Index on the Hồ Chí Minh Stock Exchange lost 0.82 per cent to close at 954.17 points.
 
On the southern exchange, 107 stocks advanced while 183 declined.
 
More than 138 million shares were traded on the bourse, worth VNĐ3.9 trillion (US$167 million).
 
The benchmark index dropped 0.09 per cent to close Tuesday at 962.07 points.
 
On the Hà Nội Stock Exchange, the HNX-Index decreased by 0.38 per cent to end at 103.56 points.
 
More than 27.3 million shares were traded on the northern market, worth VNĐ295 billion.
 
The northern market index decreased by 0.04 per cent to end Tuesday at 103.95 points.
 
The market at the end of the session continued to worsen with selling pressure rising while demand was still weak, which resulted in decreases for a series of large-cap stocks.
 
Decliners included Bank for Investment and Development (BID), Vietinbank (CTG), PetroVietnam Gas JSC (GAS), Việt Nam National Petroleum Group (PLX), Phú Nhuận Jewellery (PNJ), Vinhomes (VHM). VHM decreased by 2.3 per cent to VNĐ80,000 per share. GAS dropped 2.4 per cent to VNĐ101,500 per share. PNJ lost by 2.8 per cent to VNĐ76,700 per share.
 
Global oil prices dropped, with Brent crude futures falling 98 cents to $61.31, while US crude lost 92 cents to $52.35 a barrel.
 
On the local market, oil and gas stocks like PetroVietnam Drilling and Well Services Corporation (PVD), PetroVietnam Technical Services Corporation (PVS) and PetroVietnam Construction Corporation (PVC) also fell.
 
On the positive side, the market received support from some individual gainers such as Mobile World Group (MWG), Kido Group (KDC) and HDBank (HDB). However, the rise of these stocks was not strong enough to help the market overall.
 
The large-cap VN30-Index was down 0.63 per cent to end at 865.42 points with only four of the 30 largest stocks by market value and trading liquidity progressing and 25 stocks declining.
 
Insurance, banking, construction, stock brokerages, real estate, petroleum and mining, retail and technology were among the worst-performing sectors in the morning session.
 
Those sector indices declined between 0.34 per cent and 2.17 per cent, data on vietstock.vn showed.
 
The UPCOM Index on the Unlisted Public Company Market (UPCoM) edged down 0.03 per cent to finish at 55.12 points. The unlisted market index gained 0.55 per cent to finish at 55.13 points in the previous session. — VNS
 
 
Read original article here
 
Newer News
12/12 Bank stocks push market up
11/12 Shares slide as selling force rises
09/12 VN stocks to head up in December, trade war concerns expected
06/12 VN stocks step down as confidence fades on lack of news
04/12 VN stocks decline for a second day
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
Older News
11/06 Share rally narrows in afternoon trade
10/06 VN stocks forecast to move forward
07/06 VN stocks move higher following global good mood
06/06 VN stocks slow gains down on economic worries
05/06 Shares recover on bottom fishing
04/06 Trade war fears darken VN stocks
01/06 Shares fall for four consecutive sessions
30/05 VN shares mixed as world markets remain volatile
29/05 Markets fall after ETF reviews portfolio
28/05 VN markets mixed on continued trade worries
 
Newsletter Signup
Top Stories
Vietnam facilitates trade with Russian firms: Deputy PM
Reference exchange rate down 4 VND on December 10
Reference exchange rate down 3 VND on December 6
Vietnam’s economy stays positive amid global growth slowdown: PM
Vietnam attracts 31.8 billion USD in FDI in 11 months
Market Update
Last updated at 3:10:00 PM
VN-INDEX 968.17 +6.39/+0.66%
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.