A BIDV employee helping a customer to fill in paperwork. The bank shares plunged 3.33 per cent yesterday, leading the bearish trend. — Photo vietnamplus.vn The market ended lower on Monday, as strong selling force weighed on pillar stocks across all sectors, with VN-Index falling closer to the 1,200-point level. The VN-Index on the Ho Chi Minh Stock Exchange (HoSE) plunged by 21.9 points, or 1.77 per cent, to 1,218.18 points. The benchmark index grew nearly 5 per cent last week as risk appetite improved, its first weekly gain in seven weeks. The market's breadth was in the negative zone with 358 stocks out of more than 500 stocks declining, of which seven stocks hit floor prices, while 91 stocks picked up. Liquidity increased over the last trading session, but remained at a low level. Accordingly, 557.1 million shares were traded on HoSE, worth over VND13.32 trillion (US$575.1 million). The index continued its last trend due to rising selling pressure in the afternoon trade, … [Read more...] about Market slides on losses of large-cap stocks
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VN-Index slumps as large-cap stocks face selloffs
Benchmark indices opened the week on a negative note, as many large-cap stocks were weighed on by selling force. On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index fell 10.82 points, or 0.87 per cent, to 1,229.89 points. The market's breadth was negative as nearly 260 stocks declined, while 153 stocks increased. Liquidity was also lower than the previous session, of which over VND6.24 trillion (US$269.4 million) worth of shares, equal to more than 259.8 million shares, was traded on the southern bourse. Meanwhile, foreign investors net sold a value of more than VND100 billion on HoSE. The market benchmark extended the last session's losses on a strong profit-taking force, which caused many stocks in the VN30 basket to face a sell-off, of which 24 stocks slid, while only six increased. The VN30-Index, tracking the 30 biggest stocks on HoSE, dropped 15.22 points, or 1.19 per cent, to 1,267.29 points. Real estate and banking sectors continued to lead the trend, with … [Read more...] about VN-Index slumps as large-cap stocks face selloffs
VN-Index pares gains on stronger selling force
Workers loading Hoa Phat's steel products on a truck. The company shares surged 1.6 per cent on Thursday after a long losing streak. — Photo hoaphat.com.vn Indices were little changed on Thursday as rising selling pressure in the afternoon trade weighed on many large-cap stocks. The market benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) ended the day at 1,268.57 points, up 0.14 points, or 0.01 per cent. It rose 0.22 per cent in the morning trade. The market's breadth remained positive as more stocks gained points, of which 252 stocks climbed, while 191 stocks declined. However, liquidity decreased over the last session. Accordingly, the matching value on the southern bourse fell by 18 per cent to nearly VND13 trillion (US$559.8 million). The index edged higher for the third consecutive session, but gains were pared by stronger selling pressure. The 30 biggest stocks tracker VN30-Index dropped 1.2 points, or 0.09 per cent, to 1,309.5 points. Of the VN30 basket, … [Read more...] about VN-Index pares gains on stronger selling force
VN-Index pares gains on stronger selling force
Workers loading Hoa Phat's steel products on a truck. The company shares surged 1.6 per cent on Thursday after a long losing streak. - Photo hoaphat.com.vn The market benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) ended the day at 1,268.57 points, up 0.14 points, or 0.01 per cent. It rose 0.22 per cent in the morning trade. The market's breadth remained positive as more stocks gained points, of which 252 stocks climbed, while 191 stocks declined. However, liquidity decreased over the last session. Accordingly, the matching value on the southern bourse fell by 18 per cent to nearly VND13 trillion (US$559.8 million). The index edged higher for the third consecutive session, but gains were pared by stronger selling pressure. The 30 biggest stocks tracker VN30-Index dropped 1.2 points, or 0.09 per cent, to 1,309.5 points. Of the VN30 basket, 12 stocks advanced, while 15 plunged and three stayed flat. Supporting the bullish trend, Vinhomes (VHM) was up nearly 1.2 … [Read more...] about VN-Index pares gains on stronger selling force
VN-Index continues to rebound on improved sentiment
LNG storage project at the PV Gas Vung Tau terminal. The company's shares surged more than 4 per cent on Wednesday, supporting the rally trend. — Photo pvgas.com.vn The market was mixed on Wednesday, with the VN-Index extending gains as investors' sentiment continued to improve. On the Ho Chi Minh Stock Exchange (HoSE), the benchmark VN-Index rose 12.39 points, or 1.01 per cent, to 1,240.76 points. It recouped more than 4.8 per cent in the previous session after recent strong sell-offs. The market's breadth was positive with 271 stocks climbing, of which 17 stocks hit ceiling prices, while 178 stocks declined. Liquidity did not fluctuate much over on Wednesday, as 566.3 million shares were traded on the southern bourse, worth over VND13.84 trillion (US$598.1 million). The index's rallies were driven by sharp gains in some large-cap stocks, especially in manufacturing, realty and banking sectors. The VN30-Index, which tracks the 30 biggest stocks on HoSE, jumped by 6.86 … [Read more...] about VN-Index continues to rebound on improved sentiment
VN-Index revives 15 points
Unlike previous trading sessions, the demand for pillar stocks remained until the end of the trading session, instead of being sold off at G hour. The VN-Index rallied robustly by 14.57 points, or 1.2 percent, to close at 1,223.38 points. Although the VN-Index regained strongly, the number of winners and losers was quite balanced, with 224 advancers compared to 210 decliners. However, the number of gainers completely dominated the VN30 basket, with 26 gainers compared to four losers, namely HPG, KDH, PLX, and SAB. The driving force for the VN-Index continued to come from MSN, with an increase of 4.3 percent. The steadiness of MSN was the motivation for the rest of the stocks in the VN30 basket, such as GAS, VNM, FPT, VRE, VCB, TPB, STB, SSI, PNJ, and CTG. The bright spot in the trading session also included banking and securities stocks. After the previous series of corrections, this stock group simultaneously recovered thanks to the appearance of the bottom-fishing cash flow. … [Read more...] about VN-Index revives 15 points