Tuesday, June 02, 2020 3:35:04 PM - Markets open
VN-INDEX 874.80 -3.87/-0.44%
HNX-INDEX 113.64 -0.49/-0.43%
UPCOM-INDEX 55.98 +0.39/+0.71%
VN shares mixed, but growth expected to return
Vietnam News - 2/6/2020 1:51:16 PM
 (0 ratings. You must sign in to rate.)
Vietnamese shares finished Wednesday largely unchanged as investors braced for further news about the development of the coronavirus.
 
The benchmark VN-Index on the Hồ Chí Minh Stock Exchange edged down 0.34 per cent to close at 925.91 points, while the minor HNX-Index on the Hà Nội Stock Exchange gained 0.60 per cent to end at 103.19 points.
 
The VN-Index inched up 0.10 per cent on Tuesday while the HNX-Index made a two-day increase of 1.85 per cent.
 
More than 234 million shares were traded on both local bourses, worth VNĐ4.72 trillion (US$202.4 million).
 
Market trading on the two exchanges ended slightly positive.
 
Eleven of the 25 sector indices ended in negative territory, including agriculture, rubber, healthcare and pharmaceuticals.
 
Among those sectors, the agriculture index slumped 4.4 per cent. The sector is expected to be hard hit by the coronavirus as the epidemic has had a negative impact on agricultural products shipped to China.
 
Pharmaceutical stocks were down after being boosted by fears of the virus.
 
Leading pharmaceutical stocks such as DHG Pharmaceutical JSC (DHG), Hà Tây Pharmaceutical JSC (DHT) and medical import-export firm Domesco (DMC) plunged between 4.5 per cent and nearly 7.0 per cent.
 
On the other side, insurance, mining and energy, food and beverage, seafood processing, and the power industries lifted the market.
 
Among gainers were insurance-finance group Bảo Việt Holdings (BVH), dairy producer Vinamilk (VNM) and technology group FPT (FPT).
 
The mixed performance of the Vietnamese market could be a result of different movements in global stocks from Asia to Europe and the US, according to VNDirect Securities Corp (VNDS).
 
The virus had little impact on market sentiment on a global scale, and precious metals such as gold had not seen dramatic growth in recent days, the company said in its daily report.
 
Meanwhile, market sentiment remained low in Việt Nam as worries about the coronavirus persisted, VNDS said.
 
Government bonds were the main attraction on expectations the central bank would release a stimulus to support the economy, the company said.
 
The market was now on a short-term bottom line, but would likely rebound in the coming days, the company forecast. — VNS
 
Read original article here
 
Newer News
13:48 Stock market may not enjoy lower lending rate impact: analysts
29/05 Local stocks gain slower, as banks and petrochemical firms keep increasing
14/05 VN stocks slide, but market prospects remain positive
07/05 Large-caps maintain uptrend, markets extend gains in the afternoon
05/05 Markets tumble as global sentiment worsens
29/04 Plummeting stock prices raise fears of businesses being acquired
28/04 VN stocks pulled down by profit-taking
21/04 VN-Index gains for sixth straight session
17/04 VN shares struggle to stay positive
16/04 Vietnamese stocks rise for third day
Older News
05/02 VN stocks bounce but risks still exist
03/02 VN stocks to keep falling on disease fears
31/01 Derivatives market hopes to start well in the year of the rat
30/01 Market to maintain uptrend in post Tết period
27/01 Share prices of dairy industry see slight increase in 2019
26/01 Reforms to be growth driver in 2020
26/01 Industry 4.0 brings big changes for stock market
25/01 VN stocks advance for third day
18/01 Firms ask for delay financial statements release
17/01 VN stocks advance for third day
 
Newsletter Signup
Top Stories
Foreign Ministry: Vietnam recovers economy during, after COVID-19
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
Market Update
Last updated at 3:10:03 PM
VN-INDEX 874.80 -3.87/-0.44%
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.