Sunday, February 23, 2020 12:53:43 PM - Markets open
VN-INDEX 933.09 -5.04/-0.54%
HNX-INDEX 108.09 -1.49/-1.36%
UPCOM-INDEX 56.30 -0.05/-0.09%
Shares fall for third day of trading
Vietnam News - 6/14/2019 2:57:08 PM
 (0 ratings. You must sign in to rate.)
Vietnamese shares dropped for the third straight session on Thursday but the recovery of large-caps at the end of trading session helped narrow the market’s decline.
The benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HOSE) fell 0.43 per cent to close at 950.08 points.
The southern market index lost 0.82 per cent on Wednesday.
More than 142.8 million shares were traded on the southern bourse, worth VNĐ3.3 trillion (US$141 million).
Declining stocks outnumbered gainers by 163 to 113 on the southern market while 66 others were unchanged.
On the Hà Nội Stock Exchange, the HNX-Index edged down 0.06 per cent to end at 103.50 points.
The HNX-Index shed 0.38 per cent in the previous day.
More than 22.2 million shares were traded on the northern market, worth VNĐ269 billion.
“Market liquidity remains low, indicating that cash flow still stands outside the market, showing low internal strength of the market,” Bảo Việt Securities Company (BVSC) said in its daily report.
Shares plunged in the morning due to weak demand but in the afternoon, many large-cap stocks recovered and prevented the market from falling further. Gainers included Vietcombank (VCB), PetroVietnam Gas JSC (GAS), Vinhomes (VHM), Tiền Phong Bank (TPB).
VCB rebounded 0.4 per cent to VNĐ67,300 per share. TPB increased 0.8 per cent to VNĐ25,400 per share with three million shares matched, of which 1.8 million shares were traded during at-the-closing (ATC) session.
Oil and gas stocks also rose, such as PetroVietnam Technical Services Corporation (PVS), PetroVietnam Drilling and Well Services Corporation (PVD) and PetroViet Nam Coating JSC (PVB). They all climbed by 0.5 per cent.
However, market indices still could not rebound as the pressure from losing stocks such as Vinamilk (VNM), Vietjet Air (VJC), Phú Nhuận Jewellery (PNJ), PetroVietnam Power Corporation (POW) and Novaland (NVL) was still significant.
Insurance, information and technology, securities, agriculture, construction, construction materials, stock brokerages, real estate, logistics, food and beverage, and retail were among the worst-performing sectors in the trading session.
Those sector indices declined between 0.15 per cent and 3.62 per cent, data on showed.
The UPCOM Index on the Unlisted Public Company Market (UPCoM) lost 0.27 per cent to finish at 54.97 points. The unlisted market index slipped 0.03 per cent to finish at 55.12 points in the previous session.
According to Bảo Việt Securities Company (BVSC), the market is expected to rebound over several sessions. However, the VN-Index’s recovery effort will be challenged by the resistance zone at 960-965 points.
Bank stocks, despite correction pressure, are expected to recover over several sessions. Oil and gas stocks are forecast to incur a technical recovery soon, BVSC said.
BIDV Securities Company (BSC) said in its report that domestic and regional markets were under profit-taking pressure and waited for new supportive information, especially investors' expectation that the US Federal Reserves will announce the possibility of lowering interest rates after a meeting in next week.
Foreign investors on Thursday sold a net VNĐ79.04 billion on HOSE, focusing on Vinhomes (VHM) (VNĐ93.46 billion), Vinamilk (VNM) (VNĐ28.43 billion) and Hòa Phát Group (HPG) (VNĐ24.16 billion). However, they bought a net VNĐ6.66 billion on the HNX. — 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
13/06 Shares ease on low demand
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
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 3:10:02 PM
VN-INDEX 933.09 -5.04/-0.54%
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.