Tuesday, June 25, 2024 10:01:16 AM - Markets open
VN-INDEX 1,258.50 +4.38/+0.35%
HNX-INDEX 240.15 +0.41/+0.17%
UPCOM-INDEX 98.94 -0.11/-0.11%
Shares open new week low with dry liquidity
Vietnamnews - 12/27/2022 4:54:59 PM
 (0 ratings. You must sign in to rate.)
Shares opened the new trading week on a negative note as blue chips plummeted across the two national stock exchanges.
On the Hồ Chí Minh Stock Exchange, the VN-Index gave up more than 35 points, or 3.44 per cent, to close Monday at 985.21 points.
The southern bourse’s index lost more than 3 per cent last week.
The market was in favour of the sellers with 400 stocks declining, only 65 rising and 130 closing flat.
Only one out of 25 sectors tracked by vietstock.vn performed well while 24 slumped, of which 18 recorded an average loss of more than 2 per cent. Financials led the losers with an average decrease of 8 per cent while securities, retail, agricultural processing, and construction materials decreased by more than 6 per cent on average each.
Large caps were behind the market slump as 29 of the top 30 shares by market value and liquidity lost value and only one gained. Only PV Gas (GAS) increased by 1 per cent and failed to rescue the market.
Vinhomes (VHM), Vingroup (VIC) and Vietinbank (CTG) topped the list of shares dragging the VN-Index most. CTG dropped 5.8 per cent, VHM decreased 5.6 per cent and VIC fell 4 per cent.
Others in the top 10 worst performers also included VPBank (VPB), Hòa Phát Group (HPG), Techcombank (TCB), Masan Group (MSN), Mobile World Investment (MWG), Military Bank (MBB) and Vietnam Rubber Group (GVR) with losses of between 3 per cent and 7 per cent each.
Liquidity remained modest with more than 623 million shares worth nearly VNĐ10 trillion (US$403.2 million) being traded, the second session which saw the trading value below VNĐ10 trillion since November 28.
On the Hà Nội Stock Exchange, the HNX-Index also dropped 3.31 per cent to end the day at 198.50 points.
Liquidity increased sharply, however. The trading value more than doubled Friday’s value, reaching VNĐ1.3 trillion while volume rose 96.2 per cent to more than 98 million.
Foreign traders were net buyers on both exchanges, being responsible for total net buy value of VNĐ467 billion.
According to Nguyễn Anh Khoa, head of the analysis department at Agribank Securities Corporation, in the last week of the year, although the trend of net withdrawal before the holiday is likely to continue, there will be an opportunity for investors to accumulate stocks at low prices, especially in the VN30 group to take advantage of the net buying effect of foreign investors in the coming sessions. — VNS
Read original article here
Newer News
08:47 Market plunges as liquidity reaches a four-week high
24/06 Stock market awaits support factors for breakthrough
15/06 Market experiences sharp decline while liquidity hits three-week high
10/06 Uptrend likely to continue this week: experts
10/06 Surge in newly opened securities accounts recorded in May
27/05 Market likely to continue volatility this week
25/05 Market plummets as liquidity surges to eight-week high
08/05 Positive investment opportunities in Vietnamese stocks with potential Fed rate reduction
08/05 VN adds over 110,000 new securities accounts in April, bringing total to 7.7 million
06/05 Cautious rise amid low supply and cash flow, investors advised to monitor resistance area
Older News
21/12 PM asks financial sector to perfect legal framework, supervise bond market
21/12 Shares drop for second day despite strong foreign buys
12/12 Shares to move higher this week but cautious sentiment remains
12/12 Retail shares see great growth potential
03/12 How to regain investors' confidence in corporate bond market: experts
29/11 Credit concerns affecting Vietnamese stocks should ease soon: VinaCapital
23/11 VN-Index struggles on persistent selling force
23/11 Securities companies adjust business results amid market downturn
15/11 Market declines but bright prospect on horizon
14/11 Lo ngại về tính thanh khoản thấp trên thị trường chứng khoán
Newsletter Signup
Top Stories
Surge in newly opened securities accounts recorded in May
VN adds over 110,000 new securities accounts in April, bringing total to 7.7 million
Cautious rise amid low supply and cash flow, investors advised to monitor resistance area
Interest rates to rise but not have major impact on stock market: economist
Businesses concerned about rising exchange rate pressure
Market Update
Last updated at 9:54:56 AM
VN-INDEX 1,258.50 +4.38/+0.35%
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...
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.