Bourse

The index stayed in the red for the first trading hour but started climbing to close 56.42 points higher. But it has fallen by 9 percent compared to the beginning of May after closing in the red for six out of ten sessions since. Trading value on the Ho Chi Minh Stock Exchange, on which the index is based, fell marginally to VND14.3 trillion ($618.6 million). The VN-30 basket, comprising the 30 largest capped stocks, saw all tickers gaining with 13 of them closing at ceiling price. BID of state-owned lender BIDV, FPT of IT giant FPT group, MSN of conglomerate Masan Group and MWG of electronics retailer Mobile World all rose by 7 percent. BVH of insurance company Bao Viet Holdings, CTG of VietinBank, and GVR of Vietnam Rubber Group gained 6.9 percent. Foreign investors turned net sellers after two straight buying sessions, to the tune of VND27.76 billion. They mainly sold HPG of steelmaker Hoa Phat, SSI of leading brokerage SSI Securities and STB of HCMC-based lender … [Read more...] about One-third main bourse stocks hit ceiling price

Investors watch stocks' movements in front of a big screen. — Photo tinnhanhchungkhoan.vn Markets experienced the worst performance since March 2020 last week due to strong selling pressure. Experts said that with the current conditions, downside risk is still dominating the market. Last week, the VN-Index on the Ho Chi Minh Stock Exchange (HoSE) breached the 1,200-point level after ending the last trade at 1,182.77 points. It lost nearly 120 points just in the last two sessions. The HNX-Index on the Ha Noi Stock Exchange (HNX) also finished the week at a lower level of 302.39 points. The market dipped for three out of five sessions. For the week, the VN-Index dropped by more than 11 per cent, while the northern benchmark HNX-Index declined 12 per cent. On the southern bourse, trading value increased by 79.9 per cent compared to the previous week to VND84.2 trillion (US$3.6 billion), equivalent to a rise of 92.9 per cent in trading volume to 3.1 billion shares. The … [Read more...] about Market likely to expand bearish trend: analysts

Investors watch stocks' movements in front of a big screen. Last week, the VN-Index on the Ho Chi Minh Stock Exchange (HoSE) breached the 1,200-point level after ending the last trade at 1,182.77 points. It lost nearly 120 points just in the last two sessions. The HNX-Index on the Ha Noi Stock Exchange (HNX) also finished the week at a lower level of 302.39 points. The market dipped for three out of five sessions. For the week, the VN-Index dropped by more than 11 per cent, while the northern benchmark HNX-Index declined 12 per cent. On the southern bourse, trading value increased by 79.9 per cent compared to the previous week to VND84.2 trillion (US$3.6 billion), equivalent to a rise of 92.9 per cent in trading volume to 3.1 billion shares. The trading value on the HNX also climbed by 70.7 per cent to nearly VND8.3 trillion, with the trading volume up 93 per cent to 406 million shares. The strong gains were mostly due to the number of trading days as the market was … [Read more...] about Market likely to expand bearish trend: analysts

A bank employee counting a pile of Vietnamese banknotes at Vietcombank’s branch. The bank’s shares rebounded strongly on Monday, cushioning the market’s losses. — Photo kinhtedothi.vn Benchmark indices were mixed on Monday as rising selling pressure in the afternoon session weighed on the market’s sentiment. The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) reversed the morning course to fall further on Monday. It dropped 10.82 points, or 0.91 per cent, to 1,171.95 points. It recovered some losses in the morning trade on bottom-fishing demand. Last week, the index had lost more than 11 per cent due to strong sell-off activities. The market’s breadth was still positive as 232 stocks climbed, while 224 stocks declined. Liquidity decreased sharply over the last trading day, with nearly 584.4 million shares traded on the southern bourse, worth VND14.6 trillion (US$631.3 million). The index extended the downtrend as the rising selling force outweighed the … [Read more...] about Market mixed on persistent strong selling force

A bank employee counting a pile of Vietnamese banknotes at Vietcombank’s branch. The bank’s shares rebounded strongly on Monday, cushioning the market’s losses. Photo kinhtedothi.vn The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) reversed the morning course to fall further on Monday. It dropped 10.82 points, or 0.91 per cent, to 1,171.95 points. It recovered some losses in the morning trade on bottom-fishing demand. Last week, the index had lost more than 11 per cent due to strong sell-off activities. The market’s breadth was still positive as 232 stocks climbed, while 224 stocks declined. Liquidity decreased sharply over the last trading day, with nearly 584.4 million shares traded on the southern bourse, worth VND14.6 trillion (US$631.3 million). The index extended the downtrend as the rising selling force outweighed the bargain-hunting demand. The 30 biggest stocks tracker VN30-Index plunged by 8.68 points, or 0.71 per cent, to 1,215.08 points. In the … [Read more...] about Market mixed on persistent strong selling force