Friday, March 29, 2024 1:18:43 PM - Markets open
VN-INDEX 1,283.46 -6.72/-0.52%
HNX-INDEX 242.95 -0.97/-0.40%
UPCOM-INDEX 91.44 -0.04/-0.04%
Shares struggle on low liquidity
Vietnam News - 8/18/2020 1:22:38 PM
 (0 ratings. You must sign in to rate.)
Vietnamese shares struggled on Monday due to low liquidity and a lack of market support.
 
The VN-Index on the Hồ Chí Minh Stock (HoSE) exchange lost 0.07 per cent to end trading at 850.15 points.
 
The index had gained 1.1 per cent last week.
 
Market liquidity declined compared to the previous trading session and stayed below the 20-session average with more than 237.5 million shares traded on the southern exchange, worth VNĐ3.9 trillion (US$169 million).
 
According to Sài Gòn-Hà Nội Securities Co (SHS), low liquidity showed demand has been weakened in the current price range.
 
“VN-Index may continue to decline with the nearest support zone around 850 points,” SHS said.
 
Market breadth was negative with 153 gainers and 233 decliners.
 
The blue-chip index VN30, which tracks the performance of the 30 largest stocks by market capitalisation and liquidity on HoSE, declined 0.06 per cent to end Monday at 791.54 points.
 
Twelve of the 25 sector indices on the stock market declined while the other 13 increased.
 
Declining indices included wholesale, insurance, information and technology, securities, retail, agriculture and seafood production, which all fell by between 0.3 and 1.4 per cent, data on vietstock.vn showed.
 
Large-cap stocks such as Masan Group (MSN), Petro Vietnam Gas JSC (GAS), Mobile World Group (MWG), Việt Nam National Petroleum Group (PLX), Phú Nhuận Jewelry (PNJ), PV Power (POW), Sabeco (SAB), SSI Securities Incorporation (SSI), Vietjet (VJC) and Vincom Retail (VRE) all dropped, putting pressure on the market.
 
Some blue-chips managed to move up, supporting indices, such as Vinamilk (VNM), Vingroup (VIC), Vietcombank (VCB), Techcombank (TCB), FPT Corporation (FPT), Novaland (NVL), Hòa Phát Group (HPG) and HDBank (HDB).
 
Foreign investors were net sellers but with less value, to the tune of VNĐ83.51 billion on the HoSE and VNĐ29.93 billion on the Hà Nội Stock Exchange.
 
According to BIDV Securities Company, foreign investors decreasing net selling value was a positive sign for the market.
 
“The VN-Index is more likely to recover in the next few sessions and possibly approach 860 points,” the company said.
 
On the Hà Nội Stock Exchange, the HNX-Index gained 0.84 per cent to end Monday's session at 117.21 points.
 
The northern market index had gained 3.06 per cent last week.
 
More than 52.1 million shares were traded on the northern exchange, worth VNĐ620 billion. — VNS
 
Read original article here
 
 
Newer News
23/03 Shares sustain gains on strong investor confidence
20/03 Vietnamese securities companies race to boost capital amid high market demand
19/03 Large-caps pressured as increased profit-taking drives share decline
18/03 Market likely to be affected by Fed's meeting this week
18/03 Investors show strong interest in dividends at annual shareholders' meetings
15/03 VN-Index corrects, liquidity stays high
14/03 Stock Market Upgrade Journey: overcoming hurdles and reaching new heights
13/03 Market rebounds from cautious sentiment
12/03 Losses in bank stocks weigh on market sentiment
12/03 ETFs continue to see strong outflows of foreign capital
Older News
14/08 Shares move higher amid vaccine hopes
14/08 Lower interest rates not a good thing for equity market
13/08 New rule, portal developed for corporate bond market
13/08 Shares advance on the rise of oil stocks
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
 
Newsletter Signup
Top Stories
Shares sustain gains on strong investor confidence
Banks given advantages to CASA ratio
Man owes bank nearly VNĐ9 billion in credit card's interest after 11 years
VN-Index corrects, liquidity stays high
Stock Market Upgrade Journey: overcoming hurdles and reaching new heights
Market Update
Last updated at 1:14:59 PM
VN-INDEX 1,283.46 -6.72/-0.52%
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.