Saturday, August 8, 2020 2:01:06 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%
Shares suffer virus second-wave fears
Người đồng hành - 6/16/2020 1:42:04 PM
 (0 ratings. You must sign in to rate.)
 Shares suffered a steep fall on Monday as fears mounted that the global coronavirus pandemic could return in a second wave of infections.
 
The benchmark VN-Index on the Hồ Chí Minh Stock Exchange plunged 3.6 per cent to end at 832.47 points.
 
The VN-Index lost a total of 25.6 per cent last week.
 
More than 708.2 million shares were traded on the southern bourse, worth nearly VNĐ22.7 trillion (US$974 million).
 
Việt Nam’s stock market was slammed by the decline in global market as worries about a second wave of disease darkened the outlook for world growth.
 
The pan-European STOXX 600 fell 2.5 per cent with all sectors and regional markets trading deep in the red after losses accelerated in the final hours of trading in Asia.
 
Earlier, Japan’s Nikkei fell 3.5 per cent and South Korean shares tumbled 4.8 per cent.
 
Futures for the S&P 500 also extended losses, falling 2.9 per cent.
 
The blue-chip share tracker VN30-Index dropped 3.6 per cent to 778.71 points.
 
Twenty-five of the 30 largest stocks by market valuation and trading liquidity declined while five increased.
 
Among decliners were Việt Nam National Petroleum Group (PLX), falling 2.7 per cent; dairy firm Vinamilk (VNM), losing 5.1 per cent; Bank for Investment and Development of Việt Nam (BID), falling 6.1 per cent; PetroVietnam Gas JSC (GAS), declining 3.4 per cent; Techcombank (TCB), falling 5 per cent; Vingroup (VIC), losing 3.1 per cent; Hòa Phát Group (HPG), down 4.2 per cent; Vietinbank (CTG), falling 4.3 per cent and Sabeco (SAB), dropping 3.5 per cent.
 
On a sector basis, 24 out of 25 sectors on the market lost ground, including banking, insurance, securities, real estate, energy, retail, wholesale, information and technology, agriculture, healthcare, rubber production, food and beverage, seafood processing, logistics and construction.
 
On the Hà Nội Stock Exchange, the HNX-Index was down 2.64 per cent to close Monday at 113.82 points.
 
The northern market index scaled back nearly 1 per cent in total last week.
 
More than 88.7 million shares were traded on the northern bourse, worth nearly VNĐ527.5 billion.
 
According to Bảo Việt Securities Co, VN-Index may experience a bull trap toward 840-845 points on Tuesday.
 
“However, as mentioned previously, if breaking down the support of 840 points, the index will enter a downtrend and head toward strong support 780-810 points in the short term. Besides, the market will possibly see a considerable fluctuation at the end of the week amidst ETFs’ review session and the maturity of June futures contracts,” the company 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
15/06 Local stocks to struggle with increased caution
12/06 VN shares post biggest loss in two months
10/06 VN stocks off from 3-month high, dragged by banks and retailers
10/06 New traders flock to market
08/06 Opportunities still exist but market will struggle to make big advance
08/06 Reforms needed to attract foreign portfolio investment: fund manager
05/06 Securities fuel shares, investors seek profits in large-caps
04/06 Markets rise on the back of large caps, banks
02/06 Stock market may not enjoy lower lending rate impact: analysts
29/05 Local stocks gain slower, as banks and petrochemical firms keep increasing
 
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...
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.