Thursday, April 09, 2020 9:37:21 PM - Markets open
VN-INDEX 760.33 +12.31/+1.65%
HNX-INDEX 105.08 +1.15/+1.10%
UPCOM-INDEX 50.74 +0.43/+0.86%
VN stocks fall amid lack of support
Vietnam News - 9/11/2019 1:42:02 PM
 (0 ratings. You must sign in to rate.)
Vietnamese shares fell along with global stocks worried about the world economic recession amid a lack of supporting information among local firms.
The benchmark VN-Index on the Hồ Chí Minh Stock Exchange dropped 0.40 per cent to close at 970.26 points.
The VN-Index has lost total 1.40 per cent since the beginning of September.
More than 161.4 million shares were traded on the southern market, worth VNĐ3.9 trillion (US$168.4 million).
Not only large-cap stocks, even mid-cap and small-cap stocks also lost ground on Tuesday.
The VN30-Index, the VNMID-Index and the VNSML-Index were down between 0.29 per cent and 0.98 per cent.
It indicated the market sentiment was quite bearish right now, according to securities companies.
The Vietnamese stock market continued struggling with its short-term decline path, forcing investors to seek stronger stop-loss actions, MB Securities Co (MBS) said in its daily report.
Investors took a cautious stance as production reports from China gave worse signals about a global economic slowdown despite efforts of central banks to boost the world’s economy.
Petroleum and energy and insurance-finance stocks were the two groups that hit Vietnamese market hard on Tuesday.
The two sector indices plunged 3.2 per cent and 2.8 per cent, respectively.
Petroleum stocks declined sharply despite the rallies of global crude, led by PetroVietnam Drilling and Well Services (PVD) losing 3.9 per cent.
Brent crude on Tuesday gained 0.43 per cent to trade at $62.86 a barrel. It has surged nearly 8 per cent in September.
Other industries that also performed poorly included retail, real estate, healthcare and pharmaceuticals, rubber and plastics, and construction.
Meanwhile, banking, food and beverage, and agriculture were among few sectors that advanced to cushion the market.
According to BIDV Securities Corp (BSC), consumer staple stocks are highly defensive and likely to make good earnings in the future.
Companies boosting this sector were Pan Group JSC (PAN), Masan (MSN), Long An Food Processing Export JSC (LAF), and Nafoods Group JSC (NAF).
The stock market still lacks supporting information so it will likely struggle and flatter in the next trading days, Sài Gòn-Hà Nội Securities (SHS) said in a note.
As the VN-Index was kept above the 970 point level, it was expected to bounce back technically on Wednesday thanks to strong purchases for stocks that had been hit hard since the beginning of the month, SHS added.
On the Hà Nội Stock Exchange, the HNX-Index was down 0.87 per cent to end at 99.97 points.
The northern market index has lost nearly 2.3 per cent in September.
Nearly 37.8 million shares were traded on the Hà Nội market, worth VNĐ559 billion. – VNS
Read original article here
Newer News
13:25 Shares rebound on increasing demand but worries remain
13:16 Market capitalisation of listed shares on HOSE drops in March
08/04 Shares recede on worries of foreign selloffs
07/04 VN-Index witnesses largest one-day gain in 19 years
04/04 Local shares end positively on oil price hikes, better market sentiment
01/04 VN stocks pick up after officials' reassurances
30/03 VN stocks nosedive following higher infection reports
27/03 Shares struggle as investors still cautious after hefty gains
26/03 Securities service fees cut does help, but more drastic measures in need: experts
26/03 VN-Index witnesses largest one-day gain since 2012
Older News
09/09 Market trend hard to predict after difficult week
06/09 VN-Index drops for three straight days
06/09 Total UPCoM firms reach 850 in August
04/09 Shares decline after holiday due to investors' vigilance
03/09 Trade wars, speculation to hurt stocks
30/08 VN stocks up slightly as CPI moves forward
29/08 VN stocks down, worries remain over the market uptrend
28/08 VN stocks fall as investors face uncertainties
27/08 VN stocks drop on global pressures
26/08 VN-Index may face correction pressure when nearing 1000 points
Newsletter Signup
Top Stories
Reference exchange rate down 5 VND on March 26
Reference exchange rate up 5 VND on March 18
Shares tumble over WHO declaration of COVID-19 pandemic
Tight co-ordination needed to ensure EVFTA benefits
VN shares mixed, but growth expected to return
Market Update
Last updated at 3:10:04 PM
VN-INDEX 760.33 +12.31/+1.65%
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.