Tuesday, November 5, 2024 11:21:12 PM - Markets closed
VN-INDEX 1,245.76 +1.05/+0.08%
HNX-INDEX 224.86 +0.41/+0.18%
UPCOM-INDEX 91.90 +0.29/+0.32%
Stocks end lower on selling pressure
Vietnam News - 9/25/2021 12:36:27 PM
 (0 ratings. You must sign in to rate.)
Vietnamese shares struggled on Friday on low liquidity and falling large-caps stocks as selling pressure persisted.
 
The VN-Index on the Hồ Chí Minh Stock Exchange inched down 0.12 per cent to end the session at 1,351.17 points.
 
The index had gone up 0.15 per cent to end Thursday at 1,352.76 points.
 
Liquidity dropped sharply compared to the previous session with some 673 million shares worth nearly VNĐ18.3 trillion (US$805.3 million) traded on the southern exchange.
 
The blue-chip share tracker VN30-Index climbed 0.12 per cent to 1,459.94 points.
 
Nineteen of the 30 largest stocks by market valuation and trading liquidity decreased while seven increased. Four stayed unchanged.
 
The banking group outperformed in the afternoon trading session and strongly supported the market, with gainers including Sài Gòn-Hà Nội Bank (SHB), Asia Commercial Bank (ACB), Military Bank (MBB) and Vietinbank (CTG).
 
However, many blue-chips lost ground and put great pressure on the overall market such as Masan Group (MSN), Vincom Retail (VRE), PVPower (POW) and Mobile World Group (MWG), all falling more than 1 per cent.
 
On a sector basis, the Vietnamese stock market was supported by the banking and insurance sectors.
 
Their sector indices rose 0.6 per cent and 0.5 per cent, respectively, data on vietstock.vn showed.
 
On the other side, losers included insurance, technology, logistics, rubber production, food and beverage, wholesale, food and beverage, construction materials and real estate sectors.
 
Investor sentiment was weak, proven by the trading liquidity that remained lower than the average of the previous 21 sessions while losing stocks continued to outnumber gaining ones, financial news site vietstock.vn said, adding that investors were clearly cautious and were running out of patience with the market’s prospects. 
 
The HNX-Index on the Hà Nội Stock Exchange (HNX) lost 0.39 per cent, to end at 359.63 points.
 
It had lost 0.66 per cent, to close Thursday at 361.02 points.
 
During the session, some 135 million shares were traded on the northern market, worth nearly VNĐ2.5 trillion. VNS
 
Read original article here
 
Newer News
16:13 Vietnam's stock market moves closer to emerging market status amid key policy changes
04/11 Vietnam stock market opens the week with a downturn as foreign investors continue net selling
04/11 Opportunities and challenges in a transitional phase
01/11 Eyeing the stock market post the US presidential election
30/10 Market continues moving upward as foreign investors record strong net sales
29/10 HOSE delists Sao Thai Dương (SJF) shares from 1 November
29/10 Market begins the week on a positive note
28/10 Caution prevails in market amid rising selling pressure
28/10 Securities clearing regulation amendment proposed
25/10 Market in sharp decline as investors resume strong net selling
Older News
25/09 More room for insurance stocks to grow post pandemic
22/09 Banks continue bond issuance to meet capital adequacy ratio
17/09 Stock market a favoured investment channel for local investors
15/09 Aviation stocks see gains on ease of restriction measures
13/09 Shares to accumulate before new earning results season
06/09 Foreign investors withdraw cash, but will return soon: experts
30/08 Shares forecast to face correction pressure but opportunities still exist
25/08 Shares decline on securities and real estate stocks
25/08 Two foreign ETFs likely to add three more stocks in Q3 restructuring
12/08 SSC considers raising fluctuation limit if needed: MoF
 
Newsletter Signup
Top Stories
VCCI recommends mineral mining rights be granted through auction and bidding
Central bank works to raise interbank rates and ease forex market
Inflation a concern following salary increases
National Council for Sustainable Development established
Việt Nam, Cambodia look forward to $20 billion trade
Market Update
Last updated at 3:05:01 PM
VN-INDEX 1,245.76 +1.05/+0.08%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
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.