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An investor observes the market's movement at a securities company. — VNA/VNS Photo The Vietnamese stock market continued to undergo a bearish week as many realty stocks faced selling force with large volumes. The only positive point was the strong return of foreign investors with five consecutive sessions of net buying. Analysts warned that the biggest risk now is the forced liquidation of some stocks of the VN30 basket. On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index ended last week at 954.53 points, while the HNX-Index on the Ha Noi Stock Exchange (HNX) traded at 189.81 points. For the week, both benchmark indices lost 4.27 per cent and 7.2 per cent, respectively. Of which, the VN-Index fell for the second week in a row. The VN-Index breached below the bottom of 958 points and hit the lowest level since the beginning of the year at 947.2 points last Thursday. The market only recovered slightly in the last trading session of the week thanks to the strong purchasing … [Read more...] about Market likely to continue under selling pressure

Novaland's office in An Phu Ward, District 2, HCM City. Shares of Novaland (NVL) lost 7 per cent on Monday. — Photo Novaland The stock market declined on Monday as stocks across all sectors faced strong a sell-off from early in the session. The VN-Index on the Ho Chi Minh Stock Exchange (HoSE) fell sharply by 1.41 per cent, to close at 941.04 points. More stocks moved to the downside on the southern bourse, of which only 86 ticker symbols inched higher, while 371 stocks finished lower. More than 666 million shares were traded on HoSE, worth nearly VND9.5 trillion (US$384 million). The benchmark index was pressured by losses in large-cap stocks, with the 30 biggest stocks tracker VN30-Index posting a decrease of 1.32 per cent, to 936.31 points. Ten stocks in the VN30 basket jumped, while 20 stocks slid and none ended flat. The worst performers in the VN-30 basket were pillar stocks in the banking, retail and real estate industries. The biggest losers included Asia … [Read more...] about Shares decline in first session of the week

Customers at a branch of Asia Commercial Bank (ACB). ACB lost 5.9 per cent on Tuesday. — Photo courtesy of ACB The stock market plunged on Tuesday to hit a new bottom this year as investors fled risk and sought safe havens due to worries about current market volatility. The VN-Index on the Ho Chi Minh Stock Exchange (HoSE) fell sharply by 3.1 per cent, to close at 911.90 points. It also fell on Monday by 1.41 per cent, to close at 941.04 points. More stocks moved to the downside on the southern bourse, of which only 43 ticker symbols inched higher, while 429 stocks finished lower. More than 692.3 million shares were traded on HoSE, worth nearly VND10 trillion (US$403.6 million). The benchmark index was pressured by losses in large-cap stocks, with the 30 biggest stocks tracker VN30-Index posting a decrease of 3.37 per cent, to 904.77 points. Four stocks in the VN30 basket jumped, while 26 stocks slid and four ended flat. The worst performers in the VN-30 basket were … [Read more...] about Shares sink on weakened sentiment

An investor at a Sacombank office in HCM City. Sacombank shares (STB) rose 7 per cent on Wednesday. — Photo courtesy of the bank Shares recouped their losses on Wednesday as bargain hunters combed large-cap stocks, lifting the overall market. On the Ho Chi Minh Stock Exchange, the VN-Index regained 3.4 per cent, to close at 942.90 points. The southern market’s index lost 3.1 per cent on Tuesday. The market's sentiment was more bullish with more stocks increasing, of which 415 stocks inched higher and 63 reduced. Liquidity hit a peak in the last eight months with matching value reaching VND14.4 trillion (US$581 million), equal to a matching volume of 1 billion shares. The index's reversal was boosted by some pillar stocks as the 30 biggest stocks tracker VN30-Index posted a gain of 3.93 points, or 3.93 per cent, to finish Wednesday at 940.29 points. Of the VN30 basket, 26 stocks climbed, while four declined. Gainers contributing to the VN-Index most included banking stocks, … [Read more...] about Shares claim losses on bargain hunting

Shares extended gains on Thursday, propped up by the strong recovery of banking stocks. On the HCMC Stock Exchange, the VN-Index gained 2.8 percent, to close at 969.26 points. The index had risen 3.4 percent, to close Wednesday at 942.90 points. The market's sentiment was positive with more stocks increasing, of which 397 stocks inched higher and 73 reduced. Liquidity declined compared to the previous session with matching value reaching VND11.4 trillion (US$459.4 million), equal to a matching volume of 724.5 billion shares. The index's uptrend was strongly supported by heavy-weight stocks as the 30 biggest stocks tracker VN30-Index posted a gain of 3.27 percent to finish Thursday at 971.04 points. Of the VN30 basket, 23 stocks climbed, while four declined. Banking stocks performed positively and bolstered the increase of the market with gainers including Military Bank (MBB), Techcombank (TCB), VietinBank (CTG), Vietnam International Commercial JS Bank (VIB), Saigon-Hanoi … [Read more...] about Shares extend gains on bank stocks

Inside a warehouse of Hoa Phat Group. The steel producer's shares surged nearly 6 per cent on Friday, leading the market's rally. — Photo hoaphat.com.vn Shares finished higher on Friday and marked a weekly gain, thanks to bargain-hunting demand from investors after recent losses to nearly 900 points. On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index steadied in the last trading session of the week after losing 24.7 points, or 2.55 per cent, in the morning trade due to strong selling pressure. It finished the day at 969.33 points, an increase of 0.07 points, or 0.01 per cent. The market's breadth was positive with 233 stocks adding points on the southern bourse, while 104 stocks inched lower. Liquidity also slightly improved, of which matching value on HoSE rose more than 1 per cent to nearly VND11.52 trillion (US$464.3 million), equal to a matching volume of 834 million shares. The big correction in the morning session triggered bottom-fishing demand, helping the … [Read more...] about Market closes the week on a positive note

BIDV's employees talk to clients at a transaction office. The bank shares surged 2.68 per cent yesterday, cushioning the market's bearish sentiment. — Photo vietnamplus.vn Benchmark indices traded in opposite directions on Tuesday, as selling force continued to weigh on pillar stocks. The VN-Index on the Ho Chi Minh Stock Exchange (HoSE) extended the downtrend, falling for the second day in a row. It declined by 8.53 points, or 0.89 per cent, to 952.12 points. The index pared some losses from the previous session in the morning trade, with a slight increase of 1.25 points to 961.9 points, but rising selling pressure dragged the index back to the bearish trend. On the southern bourse, however, the breadth was still positive as 200 stocks added points, while 129 stocks inched lower. Liquidity improved over the previous session, of which matching value on HoSE reached nearly VND15.3 trillion (US$615.5 million), equal to a matching volume of 979 million shares. The benchmark's … [Read more...] about VN-Index struggles on persistent selling force

Masan's products on a supermarket's shelf in Ha Noi. The company's shares jumped 1.2 per cent yesterday, capping the market's losses. — VNS Photo Mai Huong The market finished lower on Wednesday, dragged by lingering selling force and lower liquidity. On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index extended the downtrend for the third day in a row. It closed Wednesday at 946 points, down 6.12 points, or 0.64 per cent. The index recouped some of the losses in the morning trade, but persistent selling pressure weighed on sentiment. The market's breadth was negative as more stocks clinged to the bearish trend. Liquidity also decreased over the previous session, of which matching value on the southern bourse dipped nearly 55 per cent to more than VND6.9 trillion (US$279.2 million), equal to a matching volume of 489 million shares. The VN30-Index, which tracks the 30 biggest stocks on HoSE, also lost 6.81 points, or 0.72 per cent, to 938.73 points. In the VN30 basket, 12 … [Read more...] about Market ends lower on lingering selling pressure

Customers choosing Vinamilk products at a supermarket in Ha Noi. The dairy producer's shares jumped nearly 2.3 per cent on Thursday, supporting the market's recovery. — VNS Photo Ly Ly Cao The market ended higher on Thursday, as recent losses triggered bottom-fishing demand, lifting the general sentiment. On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index rose 1.71 points, or 0.18 per cent, to close Thursday's trade at 947.71 points. The recovery ended the losing streak in three days due to persistent selling pressure. The market's breadth was neutral as 167 stocks inched higher, while 166 stocks declined. Liquidity also remained low, of which matching value on HoSE reached nearly VND7 trillion (US$280.3 million), equivalent to a matching volume of 482 million shares. The index's reversal was boosted by gains in large-cap stocks, with the VN30-Index reporting an increase of 2.03 points, or 0.22 per cent, to 940.76 points. Eighteen of the 30 biggest stocks in the VN30 … [Read more...] about Market recovers on pillar stocks

Logo of Vincom shopping mall in Tran Duy Hung Street, Ha Noi. Vingroup's shares surged nearly 6.6 per cent yesterday, leading the market's rally. — VNS Photo Ly Ly Cao The market finished the week higher on the strong recovery of blue-chip stocks, with the VN-Index adding nearly 24 per cent to break the psychological level of 970 points. On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index rose 23.75 points to 971.46 points, or 2.51 per cent. More stocks added points, helping lift investors' sentiment. On the southern bourse, 298 stocks advanced, while only 58 inched lower. Liquidity also improved, with matching value on HoSE reaching more than VND8.4 trillion (US$340 million), an increase of 22 per cent over the previous session. The index extended rallies on the back of large-cap stocks. Accordingly, the VN30-Index, tracking the 30 biggest stocks on HoSE, jumped 26.73 points, or 2.84 per cent, to 967.49 points. In the VN30 basket, 26 stocks edged higher with two stocks … [Read more...] about Market continues to rebound strongly