Thursday, August 11, 2022 6:02:38 PM - Markets open
VN-INDEX 1,252.07 -4.43/-0.35%
HNX-INDEX 300.18 -3.36/-1.11%
UPCOM-INDEX 92.72 -0.39/-0.42%
Market extends losses on bank stocks, VN-Index loses nearly 30 points
Vietnam News - 2/15/2022 4:41:37 PM
 (0 ratings. You must sign in to rate.)
Indices finished lower on Monday, extending last week’s losses as profit-taking pressure weighed on bank stocks. 
 
The benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) lost 29.75 points, or 1.98 per cent, to 1,471.96 points. Last Friday, the index dropped 5.08 points after gaining for four straight sessions. 
 
The market’s breadth was negative as 132 stocks increased, while 322 stocks declined. And liquidity rose sharply compared to the last session, with more than 810.7 million shares traded on HoSE, worth VNĐ25.92 trillion (US$1.4 billion).
 
The index’s downtrend was due to losses in large-cap stocks, especially bank stocks. The 30 biggest stocks tracker VN30-Index plunged by 40.85 points, or 2.64 per cent, to 1,505.07 points. Of which, six stocks of the VN30 basket climbed, while 24 stocks slid with one stock hitting the floor price.
 
Data compiled by vietstock.vn showed that Vietcombank (VCB) led the losing group, down 4.44 per cent. Other bank stocks posting big losses were BIDV (BID), Vietinbank (CTG), Techcombank (TCB), MBBank (MBB) and Sacombank (STB). These stocks decreased at least 4.1 per cent, while STB even hit the biggest daily loss of 7 per cent. 
 
The benchmark was also weighed by losses of other pillar stocks like Vinhomes (VHM), down 2.01 per cent, Vincom Retail (VRE), down 4.62 per cent, Hoà Phát Group (HPG), down 2.01 per cent, Vinamilk (VNM), down 1.1 per cent, and Việt Nam Rubber Group (GVR), down 1.91 per cent. 
 
On the other hand, some stocks still attracted capital flows, cushioning the index’s pull back. Accordingly, PV Gas (GAS) was the biggest gainer in the market, up 4.5 per cent, mostly thanks to the strong rally in the international market of oil prices. 
 
Oil prices hit a seven-year high at the end of last week as escalating tensions between Russia-Ukraine sparked worries on tightening global oil supplies. 
 
Petrolimex (PLX) also saw a gain of 1.35 per cent yesterday. 
 
News in Việt Nam to welcome all international flights also supported airline stocks. Of which, Vietjet Aviation JSC (VJC) was up 5.42 per cent, while Vietnam Airlines JSC (HVN) rose 0.76 per cent. 
 
On the Hà Nội Stock Exchange (HNX), the HNX-Index plummeted 5.88 points, or 1.38 per cent, to 421.01 points. 
 
During the session, investors poured nearly VNĐ2.3 trillion into the northern market, equivalent to a trading volume of 78.6 million shares. 
 
Meanwhile, foreign investors were net sellers on two main exchanges, with a total value of VNĐ287.5 billion. Of which, they net sold a value of VNĐ293.15 billion on HoSE, while net bought a value of VNĐ5.65 billion on HNX. VNS
 
Read original article here
 
Newer News
09/08 Investors' risk appetite continues to improve this week
09/08 Shares open the week higher on banking sector
09/08 New securities accounts hit near two-year low in July
01/08 Shares to move up after testing supply and demand
27/07 Vietnamese shares fall as large-caps drag
25/07 Investors to find opportunities in individual stocks: experts
19/07 VN-Index falls for second day in a row
15/07 Shares post gains on the back of securities stocks
09/07 SSC eyes prompt detection of suspicious transactions
07/07 Shares pierce May-bottom on weak investor sentiment
Older News
15/02 No more easy money flow and wild expectations in 2022: SGI Capital
10/02 HOSE to put KRX trading system into operation this year
08/02 VN-Index inches closer to 1,500 points after Tết holidays
07/02 Bank stocks expect a promising year in 2022: experts
04/02 Stock market expected to grow strongly after Tết: experts
24/01 Individual investors dominate stock market in 2022
18/01 The stock market on track to become one of 'Asia tigers': BSC
14/01 The stock market sets new record on billion dollars of capital inflow
11/01 Shares nosedive on late massive selling
07/01 Enterprises rush to list on stock exchanges in early 2022
 
Newsletter Signup
Top Stories
REE: HSBC arranges VND900 billion bilateral green loan to REE Corporation
Việt Nam's economic growth forecast at 7.5 per cent in 2022: World Bank
Shares to move up after testing supply and demand
Việt Nam in the headwinds of global rate hikes and inflation
Shares pierce May-bottom on weak investor sentiment
Market Update
Last updated at 3:05:02 PM
VN-INDEX 1,252.07 -4.43/-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...
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.