Monday, September 16, 2019 1:04:03 PM - Markets open
VN-INDEX 991.29 +4.07/+0.41%
HNX-INDEX 102.04 -0.16/-0.15%
UPCOM-INDEX 56.33 -0.40/-0.70%
VN-Index drops for three straight days
Vietnam News - 9/6/2019 10:57:59 AM
 (0 ratings. You must sign in to rate.)
The VN-Index declined for three straight days on Thursday as many large caps unexpectedly lost value by the end of the session.
 
The VN-Index on the Hồ Chí Minh Stock Exchange lost 0.09 per cent to close Thursday at 976.79 points, totalling a three-day fall of 0.8 per cent.
 
Nearly 160 million shares were traded on the southern bourse, worth more than VNĐ4 trillion (US$173 million).
 
The large-cap VN30-Index dropped 0.11 per cent to end at 886.10 points with 15 of the 30 largest stocks by market capitalisation declining.
 
According to Sài Gòn-Hà Nội Securities JSC (SHS), the market traded in a state of low liquidity with the main indices moving marginally. The selling force increased during the last minutes of trading session, sending the VN-Index down slightly for the third day in a row.
 
“The market may keep struggling and moving sideways in the next sessions,” SHS said.
 
According to BIDV Securities Company (BSC), there have been optimistic signals about global politics and economic developments as the Sino-US negotiations will restart in October and geopolitical tensions in Hong Kong somewhat cooled down.
 
However, the strong drop in liquidity showed that investors still maintained their cautious sentiment and cash flow is still outside the market, BSC said.
 
Real estate, securities, information and technology, retail, banking, food and beverage, seafood processing, and construction were the sectors that weighed down the stock market.
 
Pillar stocks were strongly hit, including Vinamilk (VNM) (-1,5 per cent), Vingroup (VIC) (-0,3 per cent), Military Bank (MBB) (-1,7 per cent), Mobile World Group (MWG) (-1,4 per cent), Masan Group (MSN) (-0,7 per cent), FPT Corporation (FPT) (-1,1 per cent), Bank for Investment and Development (BID) (-0,3 per cent) and Novaland (NVL) (-0,7 per cent).
 
In the opposite direction, some pillars supported the market, such as Sabeco (SAB) (+1,5 per cent), Techcombank (TCB) (+2,3 per cent), Vietcombank (VCB) (+0,4 per cent), VPBank (VPB) (+2,3 per cent), Hòa Phát Group (HPG) (+0,5 per cent), PetroVietnam Gas JSC (GAS) (+0,1 per cent) and Vincom Retail (VRE) (+0,3 per cent).
 
The HN-Index on the Hà Nội Stock Exchange climbed 0.02 per cent to 100.96 points on Thursday.
 
Nearly 17 million shares were traded on the northern bourse, worth VNĐ250 billion.
 
Foreign investors net sold VNĐ116.19 billion on HOSE, including Vinamlik (VNM) (VNĐ34 billion), HDBank (HDB) (VNĐ12.7 billion) and Vietcombank (VCB) (VNĐ10.2 billion). Foreigners were net sellers on the HNX with a value of VNĐ7.25 billion.
 
According to Bảo Việt Securities Company (BVSC), the VN-Index is forecast to adjust around the support zone 970-975 points next session. The market would possibly recover in this support zone.
 
“However, foreign investors still continued the net selling trend today. The market is expected to move sideways with alternate ups and downs together with a wide divergence among stock groups,” BVSC said. — VNS
 
 
Read original article here
 
Newer News
13/09 VN-Index stops declining, tech shares jump on earnings report
12/09 VN stocks make modest gains on mid-cap and small-cap firms
11/09 VN stocks fall amid lack of support
09/09 Market trend hard to predict after difficult week
Older News
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
21/08 Shares advance as blue-chips gain ground
20/08 Shares move up with strong divergence among large-caps
 
Newsletter Signup
Top Stories
VN central bank makes first key rate cut since 2017
Total UPCoM firms reach 850 in August
ACV: Gov't should buy back shares from ACV's foreign shareholders: MoT
EU enhances inspections on Vietnam’s agricultural products from Sept 1
Asanzo cleared of origin fraud: VCCI
Market Update
Last updated at 1:25:01 PM
VN-INDEX 991.29 +4.07/+0.41%
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.