The number of declining stocks almost tripled that of gainers by 267 to 86, indicating a temporary negativity of the market condition. — Photo money.cnn.com Vietnamese shares fell further on Thursday morning as investors remained quiet amidst an unpredictable market condition with little supportive information. The benchmark VN Index on HCM Stock Exchange fell by 0.85 per cent to close at 960.55 points, extending its decline from the previous two-day fall of 2.2 per cent. The HNX Index on Ha Noi Stock Exchange lost 1.54 per cent to end at 107.98 points. It had decreased by 2.1 per cent in the previous two days. Some 107.3 million shares, worth VND2.3 trillion (US$103.5 million), were traded on the two local exchanges. The number of declining stocks almost tripled that of gainers by 267 to 86, indicating a temporary negativity of the market condition. Bank stocks continued to weigh on market trading as large-cap stocks, such as Techcombank, Vietcombank, Vietinbank and VPBank, saw … [Read more...] about Poor investor sentiment drags down stocks
Investor sentiment
VN stocks drop amid weak investor sentiment
Viet Nam News HÀ NỘI — Following the bullish session on Monday, local markets were fragile on Tuesday with both indices falling on weakening investor sentiment, as external factors increase volatility in the market. The benchmark VN-Index on the HCM Stock Exchange fell 2.55 per cent to close the session at 962.16 points, still under the 1000-point threshold. The southern market index had dropped 2.87 per cent in the previous session. On the Hà Nội Stock Exchange, the HNX-Index also edged down 2.18 per cent to end at 110.58 points. The northern market index had decreased by 2.46 per cent the previous day. More than 312.6 million shares were traded on the two local exchanges, worth VNĐ7.8 trillion (US$342 million). The market breadth was negative as declining stocks outnumbered gaining ones by 393 to 132 while 263 other stocks remained unchanged. Massive sell-offs drowned 18 of the 20 sectors on the stock market. Key industries that saw share prices … [Read more...] about VN stocks drop amid weak investor sentiment
Vietnamese stocks trade with uncertainty amidst investor pessimism
Vietnamese shares were volatile on Tuesday morning as investors remained doubtful of the market’s short-term prospects. Vietnamese shares were mixed on Tuesday morning as low investor confidence continued to hit large-cap stocks. The benchmark VN Index on HCM Stock Exchange was up by 0.30 per cent to close at 1,065.45 points. It had jumped by 3.4 per cent on Monday. The HNX Index on Ha Noi Stock Exchange fell by 0.52 per cent to end at 125.89 points, retreating from a three-day increase of 4.6 per cent. More than 109 million shares, worth VND2.84 trillion (US$126 million), were traded on the two local exchanges. Large-cap stocks were mixed with 15 of the 30 largest shares by market capitalisation in the VN30 basket advancing against 13 decliners. The VN30 Index, which tracks the performance of the 30 largest stocks, gained 0.44 per cent to reach 1,052.52 points. According to BIDV Securities Co, low trading liquidity in recent weeks has proved that investor sentiment is … [Read more...] about Vietnamese stocks trade with uncertainty amidst investor pessimism
VN Index tumbles on poor investor sentiment
Viet Nam’s benchmark VN Index tumbled on Thursday morning, driven by poor investor confidence in the real estate, banking, securities and rubber sectors. Dampened investor confidence sent stocks down in 17 of the 20 sectors, of which banks, real estate firms and securities companies were among the worst-declining. The VN Index on HCM Stock Exchange plunged 2.05 per cent, or 23.34 points, to close at 1,115.19 points. It had fallen 1.3 per cent on Wednesday. More than 97.6 million shares, worth VND3.3 trillion (US$146.8 million), were traded on Thursday morning The number of declining stocks tripled that of gaining stocks by 204 to 71 while 30 other stocks ended flat. Modest trading liquidity and negative market breadth proved that the market sentiment among all investors reached the bottom on Thursday morning. Dampened investor confidence sent stocks down in 17 of the 20 sectors, of which banks, real estate firms and securities companies were among the worst-declining. … [Read more...] about VN Index tumbles on poor investor sentiment
VN stocks fall on low market sentiment
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Vietnamese shares ended Monday on a negative note as investor confidence remained weak on global geo-political risks and incoming new regulations on margin lending rate. Investors on the HCM Stock Exchange (HOSE) in HCM City. - VNA/VNS Photo Hoang Hai The benchmark VN Index on the HCM Stock Exchange dropped 0.75 per cent to close at 1,148.49 points. It lost total 3.5 per cent last week. The HNX Index on the Ha Noi Stock Exchange finished at 133.31 points, nearly unchanged from last week’s end of 133.34 points. It fell total 3.4 per cent last week. More than 246.3 million shares were traded on the two local exchanges, worth VND8.8 trillion (US$390.4 million). The market trading condition was negative with 196 gaining stocks against 241 decliners while 124 other stocks were flat. Banks, insurance-finance companies, rubber producers, food and beverage firms, and building material providers were among the worst-performing sectors on the stock market. According to securities … [Read more...] about VN stocks fall on low market sentiment