VN Index down on the back of blue chips

Viet Nam’s benchmark VN Index remained fragile on Monday, losing its positive momentum as investors remained cautious over the current market downtrend. Investors observe stocks move at MayBank Kim Eng Securities Company in HCM City. - VNA/VNS Photo Hoang Hai The benchmark index on the HCM Stock Exchange closed almost flat at 768.79 points. It finished last trading week at 768.97 points. Nearly 169.7 million shares were traded on the southern bourse, worth VND3.34 trillion (US$148.7 million). Monday’s trading volume was 13.5 per cent lower than that of Friday while trading value increased slightly. Large-cap stocks were to blame for pulling the main exchange down on Monday as half of the 30 largest companies by market capitalisation declined, causing the VN30 Index to fall nearly 0.1 per cent. Decliners included freshly-listing VPBank (VPB), steel producer Hoa Phat Group (HPG), insurance-finance group Bao Viet Holdings (BVH) and property developer Novaland (NVL). Shares of brokerage firms were also negative. An Phat Securities Co (APG) was the only rising securities stock, which gained 0.3 per cent while others saw their values decrease, including BIDV Securities (BSI), HCM City Securities (HCM) and Vietinbank Securities (CTS). Foreign investors remaining net sellers also worsened market sentiment, posting a net sell value of VND58.6 billion, an increase of nearly 300 per cent from Friday. According to securities firms, investor confidence has remained low over recent weeks as…... [read more]

Viet Nam’s benchmark VN Index inched up 0.07 per cent to close Monday morning at 769.48 points. — Photo tinnhanhchungkhoan.vn Viet Nam’s benchmark VN Index advanced on Monday morning as strong purchases helped scoop up stocks from the index’ intraday low. The index on the HCM Stock Exchange inched up 0.07 per cent to close at 769.48 points. It gained 0.2 per cent on Friday. Market trading liquidity was low with more than 86.7 million shares being traded, worth VND1.63 trillion (US$72.7 million). Large-cap stocks performed well on investors’ bottom-picking when the VN Index declined to near its lowest intraday level of 765.95 points. Gas station operator Petrolimex (PLX) was the main factor to lift the southern market, rising 2.6 per cent to contribute 0.72 points to the index growth. Among other increasing large-cap stocks were PetroVietnam Gas (GAS), consumer goods producer Masan Group (MSN) and agriculture group Hoang Anh Gia Lai (HAG). On the opposite side, freshly-listed VPBank (VPB), steelmaker Hoa Phat Group (HPG) and property developer Novaland (NVL) weighed down the southern market by losing between one per cent and 3.2 per cent each. The HNX Index on the Ha Noi Stock Exchange rose 0.83 per cent to end at 101.66 points. The northern market index was up 0.3 per cent on Friday. Nearly 27.3 million shares were exchanged on the northern market, worth VND337.4 billion. The afternoon trading session starts at 1pm. — VNS ... [read more]

Viet Nam’s benchmark VN Index advanced on Monday morning as strong purchases helped scoop up stocks from the index’ intraday low. Viet Nam’s benchmark VN Index inched up 0.07 per cent to close Monday morning at 769.48 points. The index on the HCM Stock Exchange inched up 0.07 per cent to close at 769.48 points. It gained 0.2 per cent on Friday. Market trading liquidity was low with more than 86.7 million shares being traded, worth VND1.63 trillion (US$72.7 million). Large-cap stocks performed well on investors’ bottom-picking when the VN Index declined to near its lowest intraday level of 765.95 points. Gas station operator Petrolimex (PLX) was the main factor to lift the southern market, rising 2.6 per cent to contribute 0.72 points to the index growth. Among other increasing large-cap stocks were PetroVietnam Gas (GAS), consumer goods producer Masan Group (MSN) and agriculture group Hoang Anh Gia Lai (HAG). On the opposite side, freshly-listed VPBank (VPB), steelmaker Hoa Phat Group (HPG) and property developer Novaland (NVL) weighed down the southern market by losing between one per cent and 3.2 per cent each. The HNX Index on the Ha Noi Stock Exchange rose 0.83 per cent to end at 101.66 points. The northern market index was up 0.3 per cent on Friday. Nearly 27.3 million shares were exchanged on the northern market, worth VND337.4 billion. The afternoon trading session…... [read more]

The local stock market fluctuated last week on rising investor prudence and it was only cushioned by the growth of several heavyweight shares. — VNS Photo Truong Vi Stock analysts remain cautious on the market outlook this week in the context of a deficiency in supporting information as well as the weakening participation of foreign traders. “I still foresee a negative outlook for the market this week. There were signs of a technical recovery in the weekend session but they were wobbly in the context of a hunger for support information while global markets were fragile due to geopolitical factors,” said Nguyen Ngoc Lan, head of brokerage services at Agribank Securities Co. The local stock market fluctuated last week on rising investor prudence and it was only cushioned by the growth of several heavyweight shares. The benchmark VN-Index edged down 0.4 per cent for the week with three rising trades and two falling sessions on the HCM Stock Exchange. The index dropped below the support threshold of 770 points, settling Friday at 768.97 points. On the Ha Noi Stock Exchange, the HNX-Index closed almost unchanged compared with the previous week, ending at 100.83 points on Friday. Bank shares, which provided momentum for the past rallies, slumped. Two of the three biggest lenders by market value – Vietinbank (CTG) and BIDV (BID) – decreased by 2.1 per cent and 2.7 per cent for the week. Other smaller banks like Eximbank (EIB),…... [read more]

Stock analysts remain cautious on the market outlook this week in the context of a deficiency in supporting information as well as the weakening participation of foreign traders. The local stock market fluctuated last week on rising investor prudence and it was only cushioned by the growth of several heavyweight shares. - VNS Photo Truong Vi “I still foresee a negative outlook for the market this week. There were signs of a technical recovery in the weekend session but they were wobbly in the context of a hunger for support information while global markets were fragile due to geopolitical factors,” said Nguyễn Ngọc Lan, head of brokerage services at Agribank Securities Co. The local stock market fluctuated last week on rising investor prudence and it was only cushioned by the growth of several heavyweight shares. The benchmark VN-Index edged down 0.4 per cent for the week with three rising trades and two falling sessions on the HCM Stock Exchange. The index dropped below the support threshold of 770 points, settling Friday at 768.97 points. On the Hà Nội Stock Exchange, the HNX-Index closed almost unchanged compared with the previous week, ending at 100.83 points on Friday. Bank shares, which provided momentum for the past rallies, slumped. Two of the three biggest lenders by market value – Vietinbank (CTG) and BIDV (BID) – decreased by 2.1 per cent and 2.7 per cent for…... [read more]

Investors at the Vietcombank Securities Ltd. office in Ha Noi. — VNA/VNS Tuan Anh Bank stocks strengthened during Friday’s afternoon trade which rescued the VN-Index from another fall as investor sentiment remained fragile. The benchmark VN-Index on the HCM Stock Exchange edged up 0.18 per cent to close Friday’s session at 768.97 points. It decreased 0.8 per cent on Thursday. Banks led the market rebound with five of seven listed lenders on the southern market advancing. Eximbank (EIB) rose by the daily maximum rate of 7 per cent, settling at 6.6 per cent to VND12,050 a share. BIDV (BID), the third largest listed bank by market value, increased 2.9 per cent, while the two biggest lenders – Vietcombank (VCB) and Vietinbank (CTG) – picked up by less than 1 per cent each. VPBank (VPB) which debuted on Thursday with 1.33 million shares dropped 4.6 per cent at VND37,200 a share and was no longer the most expensive bank share. Meanwhile, Sacombank (STB) edged down 0.8 per cent. Many heavyweight shares in the VN30 basket (which tracks the top 30 shares by market value and liquidity on the HCM City’s exchange) also advanced and supported the market, including steelmakers Hoa Phat Group (HPG), Hoa Sen Group (HSG), food-beverage firms like Vinamilk (VNM) and Kido Group (KDC), and real estate developers like FLC Faros Construction (ROS), Novaland Investment Group (NVL) and Kinh Bac City Development (KBC). On the defensive side, energy and…... [read more]

Bank stocks strengthened during Friday’s afternoon trade which rescued the VN-Index from another fall as investor sentiment remained fragile. Investors at the Vietcombank Securities Ltd. office in Ha Noi. - VNA/VNS Tuan Anh The benchmark VN-Index on the HCM Stock Exchange edged up 0.18 per cent to close Friday’s session at 768.97 points. It decreased 0.8 per cent on Thursday. Banks led the market rebound with five of seven listed lenders on the southern market advancing. Eximbank (EIB) rose by the daily maximum rate of 7 per cent, settling at 6.6 per cent to VND12,050 a share. BIDV (BID), the third largest listed bank by market value, increased 2.9 per cent, while the two biggest lenders – Vietcombank (VCB) and Vietinbank (CTG) – picked up by less than 1 per cent each. VPBank (VPB) which debuted on Thursday with 1.33 million shares dropped 4.6 per cent at VND37,200 a share and was no longer the most expensive bank share. Meanwhile, Sacombank (STB) edged down 0.8 per cent. Many heavyweight shares in the VN30 basket (which tracks the top 30 shares by market value and liquidity on the HCM City’s exchange) also advanced and supported the market, including steelmakers Hoa Phat Group (HPG), Hoa Sen Group (HSG), food-beverage firms like Vinamilk (VNM) and Kido Group (KDC), and real estate developers like FLC Faros Construction (ROS), Novaland Investment Group (NVL) and Kinh Bac City Development…... [read more]

While banks recovered, many other large-cap stocks remained in the red. — Photo money.usnews.com The benchmark VN Index on the HCM Stock Exchange extended losses on Friday morning, sliding down 0.2 per cent to 766.1 points. While banks recovered, many other large-cap stocks remained in the red. Five of the seven listed lenders in the southern market advanced, but their growth was negligible at less than 1 per cent, except Eximbank (EIB), which climbed 6.6 per cent to VND11,950 a share. Around 20 million shares of Eximbank changed hands on Friday morning through the negotiation method for VND210 billion (US$9.3 million). VPBank (VPB), which made its debut on Thursday with 1.33 million shares, dropped 2.3 per cent, while Sacombank (STB) slipped 0.4 per cent. Many of the heavyweights in the VN30 basket (which tracks the top 30 shares by market value and liquidity on the HCM City exchange) slumped, including PV Gas (GAS), VinGroup (VCI), Sabeco (SAB), Bao Viet Holdings (BVH), FPT Corp (FPT) and PetroVietnam Drilling and Wells Service (PVD). On the positive side, Vinamilk (VNM), FLC Faros Construction (ROS), Hoa Phat Group and Saigon Securities Inc (SSI) gained. On the Ha Noi Stock Exchange, the HNX Index also inched down 0.1 per cent to 100.38 points. A total of 160.3 million shares worth a combined VND2.4 trillion ($105.3 million) were traded in the two markets. The afternoon session starts at 1pm. – VNS ... [read more]

Saigon Securities Inc (SSI) exchange in Hanoi (Photo: VNA) Hanoi (VNS/VNA) - Local markets were fragile on August 17 after gains in a day earlier, with both indices falling on weakening investor sentiment. The benchmark VN-Index on the HCM Stock Exchange fell 0.77 percent to close August 17's session at 767.59 points. The southern market index increased 0.33 percent in the previous session. On the Hanoi Stock Exchange, the HNX-Index also edged down 1.23 percent to end at 100.49 points. The northern market index rose 0.44 percent on August 16.   Large-cap stocks continued to impact the market heavily as 24 of the 30 largest shares by market value and liquidity on the HCM Stock Exchange declined and only six advanced. Shares of most sectors were under high selling pressure, including banks, steelmakers, energy, construction and real estate companies. Except the Vietnam Prosperity Commercial Joint Stock Bank (VPB) which closed flat on its first trading session on August 17, all other six listed lenders on HCM City’s exchange dropped between 0.5 percent and 6.6 percent. VPBank on August 17 began to trade its entire 1.33 billion shares on the HCM Stock Exchange at a reference price of 39,000 VND (1.72 USD) a share. VPB dropped to 33,000 in the morning session but recovered and settled at 39,000 VND by the end of its first trading day, the most expensive bank share on the market. More than 58 million VPB shares…... [read more]

Saigon Securities Inc (SSI) exchange in Ha Noi. — VNA/VNS Photo Doan Tung Local markets were fragile on Thursday after gains in a day earlier, with both indices falling on weakening investor sentiment. The benchmark VN-Index on the HCM Stock Exchange fell 0.77 per cent to close Thursday’s session at 767.59 points. The southern market index increased 0.33 per cent in the previous session. On the Ha Noi Stock Exchange, the HNX-Index also edged down 1.23 per cent to end at 100.49 points. The northern market index rose 0.44 per cent on Wednesday. Large-cap stocks continued to impact the market heavily as 24 of the 30 largest shares by market value and liquidity on the HCM Stock Exchange declined and only six advanced. Shares of most sectors were under high selling pressure, including banks, steelmakers, energy, construction and real estate companies. Except Viet Nam Prosperity Commercial Joint Stock Bank (VPB) which closed flat on its first trading session on Thursday, all other six listed lenders on HCM City’s exchange dropped between 0.5 per cent and 6.6 per cent. VPBank on Thursday began to trade its entire 1.33 billion shares on the HCM Stock Exchange at a reference price of VND39,000 (US$1.72) a share. VPB dropped to VND33,000 in the morning session but recovered and settled at VND39,000 by the end of its first trading day, the most expensive bank share on the market. More than 58 million VPB shares…... [read more]




Links Topics : http://news.c10mt.com/2017/08/vn-index-down-on-back-of-blue-chips_22.html