Friday, March 29, 2024 12:03:57 PM - Markets open
VN-INDEX 1,284.02 -6.16/-0.48%
HNX-INDEX 243.11 -0.80/-0.33%
UPCOM-INDEX 91.55 +0.07/+0.08%
VN stocks decline as holidays approach
Vietnam News - 1/14/2020 11:38:33 AM
 (0 ratings. You must sign in to rate.)
Vietnamese shares ended on Monday on a negative note as investors sought ways to exit the market ahead of the Tết (Lunar New Year) holiday.
 
The benchmark VN-Index on the Ho Chi Minh Stock Exchange dropped 0.28 per cent to close at 965.84 points.
 
The VN-Index gained a total of 0.35 per cent last week.
 
More than 147 million shares were traded on the southern bourse, worth VNĐ2.76 trillion (US$119.3 million).
 
Market trading conditions were negative as declining stocks outnumbered gainers by 205 to 123, while 57 stocks ended flat.
 
All three sub-indices that monitor stocks by market capitalisation and trading liquidity on the HoSE declined between 0.25 per cent and 0.66 per cent.
 
The large-cap VN30-Index, which tracks the performance of the 30 largest stocks by market value and trading liquidity, lost 0.42 per cent to close at 881.79 points.
 
Among the decliners in the VN30 basket were lenders BIDV (BID), VPBank (VPB) and Vietinbank (CTG), logistics firm Gemadept (GMD), property developer Novaland (NVL) and dairy producer Vinamilk (VNM).
 
Among those stocks, BIDV shares lost 2.3 per cent after it had soared 12 per cent last week.
 
Vietinbank shares fell 1.5 per cent after having gained 10.5 per cent last week.
 
VPBank shares was down 2.1 per cent following weekly growth of 5.5 per cent.
 
The banking sector also had the most negative impact on the stock market as it dropped 0.84 per cent, data on vietstock.vn showed.
 
“It seems investors wanted take a break as Tết is coming,” Sài Gòn-Hà Nội Securities Co (SHS) said in its daily report.
 
“That’s why they tried to take profits in stocks that had made gains before, making the market underperform,” SHS said.
 
Low market trading liquidity indicated investors were still pessimistic about the market’s short-term outlook, the company added.
 
The VN-Index may continue swinging between 950 points and 970 points in the next few days as it did in the past six weeks, SHS forecast.
 
On the Hà Nội Stock Exchange, the HNX-Index was up only 0.08 per cent to end at 102.30 points on Monday.
 
The northern market index inched down 0.17 per cent last week.
 
Nearly 26.7 million shares were traded on the northern market, worth VNĐ277.4 billion. – VNS
 
Read original article here
 
Newer News
23/03 Shares sustain gains on strong investor confidence
20/03 Vietnamese securities companies race to boost capital amid high market demand
19/03 Large-caps pressured as increased profit-taking drives share decline
18/03 Market likely to be affected by Fed's meeting this week
18/03 Investors show strong interest in dividends at annual shareholders' meetings
15/03 VN-Index corrects, liquidity stays high
14/03 Stock Market Upgrade Journey: overcoming hurdles and reaching new heights
13/03 Market rebounds from cautious sentiment
12/03 Losses in bank stocks weigh on market sentiment
12/03 ETFs continue to see strong outflows of foreign capital
Older News
10/01 Fewer investors open new trading accounts in 2019
09/01 Shares retreat as US-Iran conflict hits sentiment
08/01 Foreign investors interested in Vietnamese stock market
06/01 Global news, pre-Tết sentiment key to VN stocks
03/01 Stock market a pillar of economic growth
02/01 Brighter outlook for VN stock market but risks abound
31/12 Shares mixed on investor caution ahead of New Year holiday
30/12 Markets forecast to get boost from supportive information
27/12 Shares retreat as large-caps vary
26/12 Shares recover on large-cap stocks
 
Newsletter Signup
Top Stories
Shares sustain gains on strong investor confidence
Banks given advantages to CASA ratio
Man owes bank nearly VNĐ9 billion in credit card's interest after 11 years
VN-Index corrects, liquidity stays high
Stock Market Upgrade Journey: overcoming hurdles and reaching new heights
Market Update
Last updated at 11:55:25 AM
VN-INDEX 1,284.02 -6.16/-0.48%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
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.