Monday, November 18, 2019 2:34:22 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%
Shares move little on low liquidity
Vietnam News - 6/25/2019 1:14:34 PM
 (0 ratings. You must sign in to rate.)
Vietnamese stock markets were quiet on Monday with low liquidity and only modest movement.
 
 
 
The benchmark VN-Index on the Hồ Chí Minh Stock Exchange inched up 0.38 per cent to close at 962.85 points.
 
The VN-Index increased by a total of 0.58 per cent last week.
 
Liquidity remained low with about 150.2 million shares traded on the southern bourse, worth VNĐ3.4 trillion (US$145 million).
 
At the end of the afternoon session on Monday, many large-caps were hit strongly, including budget carrier Vietjet Air (VJC), Vincom Retail (VRE), brewery Sabeco (SAB), PetroVietnam Gas JSC (GAS), Vinamilk (VNM), FPT Corporation (FPT), Hòa Phát Group (HPG), Việt Nam National Petroleum Group (PLX), Phú Nhuận Jewelry (PNJ) and PetroVietnam Power Corporation (POW).
 
On the positive side, some blue-chips maintained their upward trend such as Vietcombank (VCB) (up 2.8 per cent), Bank for Investment and Development (BID) (0.3 per cent) and Techcombank (TCB) (0.5 per cent).
 
The large-cap VN30-Index rose 0.28 per cent to end at 868.94 points. The large-cap basket had 17 gainers and 8 decliners, while five stocks ended flat.
 
On the Hà Nội Stock Exchange, the HNX-Index lost 0.07 per cent to end at 104.78 points.
 
Nearly 25 million shares were exchanged on the northern market, worth VNĐ317 billion. 
 
The best-performing sectors included insurance, real estate, mining, agriculture and banking, data on vietstock.vn showed.
 
Foreign investors Monday net sold a total of VNĐ92.95 billion on HOSE, focusing on Thành Thành Công - Biên Hòa Joint Stock Company (SBT) (VNĐ111.12 billion), Vinamilk (VNM) (VNĐ23.8 billion) and Vinhomes (VHM) (VNĐ23.5 billion). They bought a net total of VNĐ1.4 billion on the HNX.
 
According to BIDV Securities Company (BSC), the domestic markets will continue to witness low liquidity as investors wait for new developments in the US-China trade war, the G20 summit and the US-Iran conflict.
 
Bảo Việt Securities Company (BVSC) said in its report that VN-Index was expected to adjust to the support zone of 950-955 points before recovering to the resistance zone of 965-966 once more.
 
“Passing this resistance zone, the market can head towards 977-983 points in the short term,” BVSC said.
 
Bank and oil and gas stocks are entering short recoveries as expected. However, these two groups’ stocks are forecast to experience correction before continuing to recover.
 
Stock exposure should be maintained around 35-40 per cent of the portfolio. Banking, oil and gas, industrial zone, information technology and real estate stocks are anticipated to attract interest in the next week.
 
The UPCoM Index on the Unlisted Public Company Market (UPCoM) gained 0.06 per cent to close Monday at 55.15 points. — 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
24/06 VN stocks predicted to progress slowly ahead of China-US talks at G20 summit
21/06 Japanese helps VN to improve equity market transparency
21/06 Fed future plan on rate cuts lift VN stocks
20/06 VN stocks saved by hopes for trade war truce
19/06 Local stocks quiet ahead of key events
18/06 Funds lose against VN-Index as trade war escalates
17/06 Vietnamese securities catch the eye of South Korean investors R
15/06 VN-Index recovers after three-day decline
14/06 Shares fall for third day of trading
13/06 Shares ease on low demand
 
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.