Monday, August 10, 2020 6:28:32 AM - Markets open
VN-INDEX 841.46 +1.42/+0.17%
HNX-INDEX 112.78 -0.57/-0.51%
UPCOM-INDEX 56.22 +0.10/+0.18%
VN-Index rebounds after Monday’s crash
Vietnam News - 3/11/2020 1:16:56 PM
 (0 ratings. You must sign in to rate.)

Investors settled on Tuesday after a tumultuous start to the week, led by the recovery of major large-cap stocks.

On the Hồ Chí Minh Stock Exchange, the VN-Index edged up 0.24 per cent, rebounding from a 6.3 per-cent plunge on Monday, to close Tuesday at 837.50 points.
Major blue chips bounced back to help ease investor fears of a long-term downturn due to COVID-19 and a global oil price war.
Of the 12 gainers in the VN30, tracking the top 30 largest shares by market value and liquidity, nine increased by more than 1 per cent, of which Vinamilk (VNM) was the biggest gainer with growth of 4.9 per cent. Other big supporters included steelmaker Hòa Phát Group (HPG), Vietinbank (CTG) and FPT Corp (FPT), which rose from 2-3.8 per cent.
On the other end of the spectrum, seven shares fell by more than 1 per cent, of which the biggest losers were PV Gas (GAS), insurer Bảo Việt Holdings (BVH), Petrolimex (PLX) and FLC Faros Construction (ROS), each down by more than 5 per cent.
Oil made a rebound on Tuesday after a 20 per cent dip on Monday, but complicated developments still weighed on energy shares. PetroVietnam Drilling and Wells Service (DVD), PetroVietnam Coating (PVB) and PetroVietnam Technical Services (PVS) slumped by around 5 per cent.
On the Hà Nội Stock Exchange, the HNX-Index narrowed its loss from 6.4 per cent on Monday to just 0.14 per cent on Tuesday, ending at 106.20 points.
Liquidity decreased slightly compared to the previous session, with 362.5 million shares worth VNĐ7.4 trillion (US$318.6 million) traded, down 4 per cent in volume and 5 per cent in value.
According to BIDV Securities Co, the drawback during Tuesday’s session was strong net selling by foreign investors.
Foreign sectors continued to offload shares worth a combined VNĐ418 billion on the two exchanges on Tuesday, up 81 per cent over Monday. This sector extended their net selling streak to 21 consecutive sessions with total value of nearly VNĐ4 trillion.
According to Phan Dũng Khánh, head of investment consultancy at Maybank Kim Eng Securities Co, the market would remain on a downtrend but opportunities remained in penny stocks and the derivatives market.
“The market has been on a downtrend since 2018, so it is hard to predict the bottom. The following sessions will be a good opportunity for investors to restructure their portfolios,” Khánh said. — VNS
Read original article here
Newer News
07/08 Derivatives market sees liquidity rise in July
04/08 VN shares advance on hopes for virus block
04/08 Maximum 130,700 USD fine for listing violations: Draft decree
21/07 Stock market celebrates 20th birthday
18/07 Shares drop further on low liquidity
15/07 New regulations about corporate bond issuance
13/07 Stocks to struggle on mixed Q2 earnings report releases
12/07 Rallies end as profit-taking weighs on large-caps
07/07 VN stocks advance as securities, banking and aviation industries rise
07/07 Corporate bond market to boom in second half
Older News
10/03 Foreign investors withdraw $147.7m in 20 days
10/03 VN-Index hits rock bottom in past 18 years
08/03 Shareholders’ meetings to proceed as usual, say firms
02/03 VASB proposes tax cut to increase trading liquidity
02/03 Shares may continue falling as no signs of disease control
25/02 Widespread disease slams the stock market
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
Newsletter Signup
Top Stories
GDP forecast to grow 3.8 percent this year
New regulations about corporate bond issuance
Reference exchange rate remains unchanged
New traders flock to market
Reforms needed to attract foreign portfolio investment: fund manager
Market Update
Last updated at 3:09:56 PM
VN-INDEX 841.46 +1.42/+0.17%
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.