Monday, February 26, 2024 12:42:16 AM - Markets open
VN-INDEX 1,212.00 -15.31/-1.25%
HNX-INDEX 231.08 -2.93/-1.25%
UPCOM-INDEX 90.16 -0.41/-0.45%
Market snaps three-day winning streak on unexpected selling pressure
Vietnam News - 11/25/2023 4:54:34 PM
 (0 ratings. You must sign in to rate.)
The stock market finished lower on Thursday, ending the three-day winning streak, with nearly 50 ticker symbols on all three exchanges hitting the floor prices.
 
The VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) declined 25.33 points, or 2.27 per cent, to 1,088.49 points. The index fell below the threshold of 1,100 points and this was the lowest close since November 7.
 
On the southern bourse, more than 240 stocks ended lower with 30 logging the maximum daily loss, while 75 stocks increased. 
 
Liquidity was almost unchanged from the previous session. In particular, more than VNĐ20.6 trillion worth of shares was traded on HoSE, equal to a trading volume of over 1 billion shares. 
 
The VN30-Index, tracking the 30 biggest stocks on the main exchange, also dipped 27.12 points, or 2.44 per cent, to 1,082.68 points. In the VN30 basket, up to 29 stock codes dropped and one finished unchanged. 
 
On the Hà Nội Stock Exchange (HNX), the HNX-Index dropped nearly 6 points, or 2.58 per cent, to 224.54 points. 107 stocks on the northern bourse inched lower, of which, six hit the floor prices. 
 
Taking into account of stock movements on the UPCoM, nearly 50 stocks registered the biggest intraday losses on all three stock exchanges. 
 
Unexpected strong selling pressure weighed on stocks across all sectors. 
 
In the top five stocks dominating the downtrend, Hòa Phát Group (HPG) was the biggest loser, as shares of the leading steel producer fell nearly 5 per cent. 
 
It was followed by Vietcombank (VCB), PV Gas (GAS), VPBank (VPB) and Sabeco (SAB). All the stocks lost in a range of 1.38-5 per cent.
 
Securities stocks also witnessed steep falls, such as VNDirect Securities Corporation (VND) dipped 5.94 per cent, SSI Securities Corporation (SSI) was down nearly 6.1 per cent, Saigon - Hanoi Securities JSC (SHS) decreased 7.61 per cent, VIX Securities JSC (VIX) plunged 7 per cent and Hồ Chí Minh Securities Corporation (HCM) tumbled 5.61 per cent. 
 
Also weighing on the market, foreign investors withdrew from the market as they net sold more than VNĐ445.8 billion on the southern bourse. However, they still net bought a small amount of VNĐ7.1 billion on HNX. — VNS
 

Read original article here

Newer News
23/02 VN-Index fails to sustain upward momentum despite multiple attempts
21/02 Market remains upbeat on large-cap stocks
19/02 Bullish sentiment drives market's upward trend
19/02 PM Chính instructs action for stock market upgrade
16/02 Government requires securities investor data cleansing by March
16/02 VN-Index breaks over 1,200 points for the 1st time in 5 months
16/02 Multiple Vietnamese companies declare cash dividends post Lunar New Year, boosting investors confidence
16/02 Morgan Stanley Capital International (MSCI) includes three Vietnamese stocks in MSCI Frontier Markets Index
27/12 Shares post further gains, boosted by large-caps
27/12 Enterprises in race to raise funds through share issuances
Older News
25/11 Market ends week on a positive note
25/11 Ministry of Finance issues Circular 69 for reorganisation of securities market
22/11 Shares extend gains but liquidity stays low
14/11 Policy changes required to provide a boost to property sector
14/11 VN stock market ready for rebound as negative factors abate: VinaCapital
09/11 VN-Index hits three-week high, breaking 1,100 points
08/11 Shares reverse to fall on selling pressure
01/11 VN-Index loses nearly 11 per cent in October
31/10 Amid margin boom, securities companies report impressive Q3 profits
30/10 VN-Index to trade in range of 1,200-1,250 points at year end
 
Newsletter Signup
Top Stories
VN-Index fails to sustain upward momentum despite multiple attempts
Market remains upbeat on large-cap stocks
Central bank pushes others to boost lending from start of New Year
Domestic gold prices hit record-breaking VNĐ80 million per tael
Market steady due to low risk appetite
Market Update
Last updated at 3:05:01 PM
VN-INDEX 1,212.00 -15.31/-1.25%
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.