Wednesday, July 23, 2025 8:43:45 PM - Markets open
VN-INDEX 1,512.31 +2.77/+0.18%
HNX-INDEX 249.33 +1.48/+0.60%
UPCOM-INDEX 104.80 +0.78/+0.75%
Market opens second week of September with decline
vietnamnews - 9/10/2024 10:04:43 AM
 (0 ratings. You must sign in to rate.)
Shares fell on Monday, pressured by heavy selling in "Vin" group stocks, with liquidity reaching its lowest level in three weeks.
 
 
Vinhomes Ocean Park 3 in Hung Yen Province. Stocks from Vingroup led the market's downward trend on Monday. — VNA/VNS Photo
 
Shares declined on Monday, weighed down by strong selling pressure on Vingroup stocks, while liquidity dropped to a three-week low.
 
On the Ho Chí Minh Stock Exchange (HoSE), the VN-Index fell by 6.23 points, or 0.49 per cent, to close at 1,267.73 points. Market breadth was negative, with 213 losers outnumbering 85 gainers.
 
Liquidity weakened, down 24.5 per cent from the previous session, as the trading value dropped to VNĐ11.7 trillion (US$474.4 million), the lowest in three weeks.
 
The VN30-Index, which tracks the 30 largest stocks by market capitalisation on the southern exchange, also lost 8.24 points, or 0.63 per cent, to 1,307.15 points. Among the VN30 stocks, 23 declined, three advanced and four remained unchanged.
 
Leading the downturn were the "Vin" group stocks, with Vinhomes JSC (VHM) being the biggest loser, falling by 2.05 per cent and dragging the VN-Index down by over 0.9 points. Vingroup JSC (VIC) dropped 2.13 per cent, while other major stocks like BIDV (BID) and Vietnam Dairy Products JSC (VNM) fell by 0.51 per cent and 0.8 per cent, respectively.
 
The index's losses were offset by gains in several blue-chip stocks. PetroVietnam Gas JSC (GAS) led the gains, rising 0.71 per cent, followed by Hoa Phat Group JSC (HPG), Nam Á Bank (NAB), and Hoa Sen Group (HSG), which increased between 0.54 per cent and 1.2 per cent.
 
According to analysts at Viet Dragon Securities, liquidity has decreased compared to the previous session, indicating that the supply cooled as the market approached the support zone of 1,255 – 1,260 points. A recovery signal above 1,270 points could lead to a rebound in the near term.
 
The market is expected to retest the supply in the 1,280 – 1,290 point resistance zone. Investors can anticipate a short-term recovery, focusing on stocks that have shown stability and attracted cash flow recently. However, caution is advised to take advantage of rebounds for short-term profits or to adjust portfolios to minimise risks.
 
On the Hanoi Stock Exchange (HNX), the HNX-Index also dipped by 0.51 per cent to 233.46 points. Trading on the northern bourse saw more than 59.3 million shares traded, worth over VNĐ1.1 trillion.
 
Foreign investors returned to net selling, offloading over VNĐ484.25 billion on the HoSE. — VNS
 
 
Read original article here
 
Newer News
15:30 MoF proposes 20% tax on capital gains from securities and equity transfers
17/07 Market rebounds on positive sentiment
09/07 HOSE announces Q2 brokerage rankings: SSI narrows gap with VPS
09/07 HNX halts new stock listings in exchange restructuring
07/07 Market begins July with optimism, strong foreign investment
04/07 Việt Nam's stock market may be upgraded in September: deputy minister
04/07 Ministry wants personal income tax withheld at source on share‑based dividends
04/07 Share auctions in Vietnamese stock market hit record low
26/06 New policy on dividend payment of State-owned credit institutions issued
24/06 Market extends rally as VN-Index surpasses 1,365 points
Older News
09/09 Government bonds auctions raise nearly $1.8 billion in August
09/09 Investors await more positive stock market: experts
05/09 Market kicks off September on a negative note
05/09 Listed firms suffer huge currency losses in H1
04/09 Experts predict fluctuations in VN-Index
31/08 Market ends August with slight gains
30/08 Stay aware against online securities investment scams: SSC
29/08 Market inches up slightly as foreign investors continue net selling
29/08 Electricity stocks struggle on rising material costs
27/08 Proposal to enhance regulation of market manipulation in stocks
 
Newsletter Signup
Top Stories
MoF proposes 20% tax on capital gains from securities and equity transfers
HNX halts new stock listings in exchange restructuring
Market begins July with optimism, strong foreign investment
Việt Nam's GDP growth poised to beat forecast by 0.3%: official
Market extends rally as VN-Index surpasses 1,365 points
Market Update
Last updated at 3:10:02 PM
VN-INDEX 1,512.31 +2.77/+0.18%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
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.