Tuesday, January 26, 2021 7:40:48 PM - Markets closed
VN-INDEX 1,136.12 -29.93/-2.57%
HNX-INDEX 227.82 -4.03/-1.74%
UPCOM-INDEX 76.42 -0.99/-1.28%
VN stocks head up amid strong foreign selling
Vietnam News - 3/19/2020 1:05:18 PM
 (0 ratings. You must sign in to rate.)
 Vietnamese shares struggled to stay positive on Wednesday despite the prolonged foreign capital outflow amid worries about the coronavirus pandemic.
The benchmark VN-Index on the Hồ Chí Minh Stock Exchange rose 0.25 per cent to end at 747.66 points.
The VN-Index had lost a total of nearly 11 per cent in the previous five trading days.
The HNX-Index on the Hà Nội Stock Exchange was up 1.11 per cent to close at 101.84 points, totalling a two-day increase of 2.23 per cent.
More than 331 million shares were traded on the two exchanges, worth VNĐ4.86 trillion (US$208.4 million).
Of the total, more than 271.4 million shares were traded via the order-matching system, worth nearly VNĐ3.4 trillion.
According to securities firms, the market benefited from a strong gain of US stocks after US authorities announced measures to support citizens and businesses.
Banks, retailers, healthcare and pharmaceutical firms, and seafood companies helped lift the market.
The four sectors’ indices rose between 1 per cent and 2.5 per cent, data on vietstock.vn showed.
On the negative side, securities firms, mining and energy companies, food and beverage businesses, and rubber producers weighed on the market.
The local market had a slight recovery with trading liquidity equal to the 20-day average but investors were still hesitant to buy local assets, Sài Gòn-Hà Nội Securities (SHS) said in its daily report.
The VN-Index and the HNX-Index picked up in the morning session then countered strong selling in the early stages of the afternoon.
The VN-Index was down as much as 0.5 per cent during the day while the HNX-Index gained slower before the two indices headed up in the last minutes.
Positive market sentiment kept the two indices in positive territory as capital flew into different groups of stocks.
But foreign capital outflow remained a challenge for the local market, SHS said. Foreign investors net-sold a total of VNĐ662.4 billion worth of shares on the two exchanges on Wednesday.
The Vietnamese market may have entered a consolidation stage and different groups of stocks will take turns to drive the market up, MB Securities Co (MBS) said in a note.
But growth would not be massive and the market may go sideways, MBS said. – VNS
Read original article here
Newer News
20/01 VN-Index suffers big loss, liquidity exceeds 1 bln USD
06/01 Number of new securities trading accounts reaches record high
30/12 Shares advance on high demand, VN-Index nearing 1,100 points
28/12 Vietnam’s GDP growth estimated at 2.91 pct this year
25/12 Stocks collapse on worries about system failure
17/12 Shares reach one-year peak on banking stocks
15/12 Financial stocks boost markets
10/12 VN stocks rebound, focus switches to banking, securities firms
07/12 Market’s uptrend may weaken after five consecutive gaining weeks
01/12 VAFI says no to increase the minimum trading lot to 100 shares.
Older News
18/03 VN-Index slides as foreign selling outclasses cheap purchases
18/03 Prices of some securities services to be cut to support market
17/03 VN stocks lose ground on recession worries
16/03 Market analysts expect unstable trade this week
13/03 Shares tumble over WHO declaration of COVID-19 pandemic
12/03 Shares nosedive, VN-Index worstperforms in Asia
11/03 VN-Index rebounds after Monday’s crash
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
Newsletter Signup
Top Stories
Number of new securities trading accounts reaches record high
Trade surplus posts record high since 2016
Reference exchange rate up 1 VND on June 5
Reference exchange rate up 6 VND on December 10
Reference exchange rate continue going down
Market Update
Last updated at 3:20:00 PM
VN-INDEX 1,136.12 -29.93/-2.57%
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.