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
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
Bản in : Low liquidity worries investors
Markets extended rallies on February 5 on the Hochiminh Stock Exchange but liquidity continued to drain, fueling concerns that investments flowing into the securities market were reduced after Circular 36 took effect early this month. The new law set limits on loans for stock investments and conditions under which banks can give loans. The benchmark VN-Index added 1.02 percent to close the February 5 session at 567.17 points. Bank stocks returned to being the market's main source of momentum, as most of this share group gained value, including Vietcombank (VCB), up 5.44 percent; Vietinbank (CTG), up 5.56 percent; Bank for Investment and Development of Vietnam (BID), up 4.46 percent; and Eximbank (EIB), up 2.34 percent. Blue chips were mixed and the VN30, which tracks the 30 shares with the highest market value and liquidity, increased just 0.42 percent to end at 591.28 points. Liquidity declined, however, with the market volume dropping 20 percent from the previous session, totaling … [Read more...] about Bản in : Low liquidity worries investors
Bản in : Shares up despite investor caution
Overall, shares rose last week, though investor sentiment remained cautious. On the Hochiminh Stock Exchange, the VN-Index finished at 578.76 points, up 2.16 percent over the previous week. The HNX-Index on the Hanoi Stock Exchange also improved by 1.37 percent to reach 88.63 points. Meanwhile, the average market value on both exchanges declined to 1.96 trillion VND (92 million USD) in Ho Chi Minh City and 829.3 billion VND (38.9 million USD) in Hanoi. The declines in the preceding week lured investors back to help indexes gain value. However, the caution prevailed, hampering the rising momentum of the two bourses and causing liquidity to decrease throughout the sessions. Further, blue chips continued to lead the market rally, though transactions were erratic. Cash flow shifted quickly between sectors, as it focused on logistics shares during the first two days of the week, then concentrated on purchasing securities stocks on December 3. Meanwhile, in the final three sessions, banking … [Read more...] about Bản in : Shares up despite investor caution