Investors watch stock movements online. — VNS Photo Đoàn Tùng Vietnamese shares ended down on Thursday morning on profit-taking. The benchmark VN-Index on the HCM Stock Exchange retreated 0.87 per cent to close at 944.51 points. It also dropped 0.38 per cent on Wednesday. The HNX-Index on the Hà Nội Stock Exchange ended down 0.81 per cent at 104.70 points after losing 0.56 per cent yesterday. A total of 145 million shares were traded on Thursday morning, worth VND2.5 trillion (US$112 million). The overall market breadth was negative with 114 stocks on the two exchanges advancing, 253 declining and 375 remaining unchanged. Banking stocks lost ground, dragging the market down with them, including Bank for Investment and Development of Viet Nam (BID), Vietcombank (VCB), Vietinbank (CTG), VPBank (VPB) and Military Bank (MBB). In addition, blue chips including insurer Bao Viet Holding (BVH), steel makers Hoa Sen Group (HSG) and Hoa Phat Group (HPG), and … [Read more...] about Blue chip sell-offs drag markets down
Blue chips
Markets fall on blue chip sales
Viet Nam News HÀ NỘI — Vietnamese shares extended their losses on Wednesday as large-cap stocks lost momentum on the withdrawal of capital as foreign investors continued to offload assets. The benchmark VN Index on the HCM Stock Exchange fell 0.70 per cent to close at 927.58 points, totaling a two-day decline of nearly 1 per cent. The HNX Index on the Hà Nội Stock Exchange dropped 1.86 per cent to end at 103.58 points. The northern market has declined by a total of 3.75 per cent this week. Nearly 280 million shares were traded on the two exchanges worth VNĐ5 trillion (US$225.5 million), up 6.2 per cent in volume and down 3 per cent in value compared to Tuesday. Large-cap stocks were the major factor that dragged the stock market down as the VN30 Index tracking the performance of the 30 largest stocks by market capitalisation finished down 0.85 per cent at 915.68 points. Nineteen of the 30 largest stocks in the VN30 basket traded in negative … [Read more...] about Markets fall on blue chip sales
Blue chip stocks lift up VN-Index
Viet Nam News HÀ NỘI — The benchmark VN-Index on Monday bounced back from a fall on Friday thanks to the increases of individual large-cap stocks. The benchmark VN Index on the HCM Stock Exchange rebounded 0.36 per cent to finish at 936.74 points. The index plunged 1.12 per cent on Friday. The HNX Index on the Hà Nội Stock Exchange inched down 1.22 per cent to end at 106.30 points, having gained 1.93 per cent on Friday. More than 253 million shares were traded on both local bourses, worth VNĐ5.3 trillion (US$230 million). Overall market conditions were balanced with 224 gainers and 223 losers, while 294 stocks closed unchanged. Large-cap stocks performed well as the VN30 Index that tracks the performance of the 30 largest shares by market capitalisation added 0.52 per cent to 931.31 points. Eighteen of the 30 largest stocks in the VN30 basket made gains, including brewery Sabeco (SAB), budget carrier Vietjet (VJC), FLC Faros Construction Joint … [Read more...] about Blue chip stocks lift up VN-Index
Mixed blue chips see low Viet Nam shares
An investor watches stocks move at Saigon Securities Inc’s branch office in Ha Noi. — VNS Photo Doan Tung Vietnamese shares traded lower on Wednesday as blue chips were mixed and a sharp fall of trading liquidity showed investors’ caution with market conditions. The benchmark VN Index on the HCM Stock Exchange fell 0.39 per cent to close at 948.50 points. It stepped back from Tuesday’s 2.19 per cent increase. The HNX Index on the Ha Noi Stock Exchange was unable to stay positive, losing 1.05 per cent to end at 111.70 points. It gained as much as 0.48 per cent during the day. The northern market index soared 5.13 per cent in the previous session, marking the strongest daily growth since its establishment in 2005. More than 185.7 million shares were traded on the two local exchanges, worth VND5.1 trillion (US$227 million). Trading figures on Wednesday were down 20.6 per cent in volume and 15 per cent in value from Tuesday’s numbers. Trading conditions were … [Read more...] about Mixed blue chips see low Viet Nam shares
Shares dragged down by blue chips
Vietnamese shares declined on Friday as the market reversed quickly at the end of the trading session, dragged down by blue chips in banking and energy. Investors follow stock movements at the MB Securities Company (MBS) in Ha Noi. — VNS Photo Truong Vi The benchmark VN Index on HCM Stock Exchange dropped 1.35 per cent to close at 1,157.14 points. It had risen 0.51 per cent on Thursday. The HNX Index on Ha Noi Stock Exchange fell 1.69 per cent to end at 133.34 points, extending its downtrend from the previous 1.13 per cent decline. More than 246 million shares, worth VND8.1 trillion (US$359 million), were traded on the two local exchanges. Declining stocks dominated the two bourses, outnumbering gainers by 286 to 192, showing investor confidence was quite low. Large-cap stocks underperformed as the VN30 Index lost 0.81 per cent to reach 1.134,21 points, with 21 declining stocks against nine gainers among the 30 largest stocks by market capitalisation. Across the stock … [Read more...] about Shares dragged down by blue chips