Tuesday, November 21 2017

VietNamNews

Shares risk return to downtrend

Update: July, 01/2014 - 09:38
Blue chips were the main drag with 15 of the top 30 shares by market value and liquidity losing value, pushing the VN30 down 0.29 per cent to 615.06 points. — File Photo

HA NOI — Stocks failed to sustain rises on the HCM City Stock Exchange, although it surpassed 582 points in the morning. The VN-Index yesterday closed off 0.12 points at 57813 points, ending the five-day rising streak recorded last week.

Blue chips were the main drag with 15 of the top 30 shares by market value and liquidity losing value, pushing the VN30 down 0.29 per cent to 615.06 points.

The main losers were Masan Group (MSN), down 1 per cent, Bao Viet Holdings (BVH), down 0.72 per cent, and Vietcombank (VCB), down 0.38 per cent.

Market volume dropped slightly from Friday, totaling 76.5 million shares worth nearly VND1.32 trillion (US$62.6 million), a little higher than Friday's level.

Money flow focused on real estate shares, which represented two of the most active stocks.

FLC Group (FLC) saw the most trades with 6.4 million shares exchanged, rising 1.8 per cent to close at VND11,300 a share. Hoang Quan Consulting Trading Service Real Estate Corp (HQC) came second on trades of 5.4 million shares at VND8,100 a share, up 3.85 per cent over the previous session.

On the Ha Noi Stock Exchange, the HNX-Index climbed 0.45 per cent to end the session at 77.93 points, with gainers outnumbering losers 103-72. Large-cap shares here also gained as the HNX30 went up 0.8 per cent to 157.49 points.

Both trading volume and value improved 25 per cent over Friday, totaling 44.7 million shares worth over VND524.4 ($24.9 million).

Sai Gon-Ha Noi Bank (SHB) was the most active share with nearly 6 million shares traded, jumping 4.3 per cent to end at VND9,700 a share.

According to analysts of FPT Securities Co, second-quarter business results had a positive impact on the market, while the long rally last week put some stocks on the brink of being over-bought – a situation that may lead to high selling pressure this week and even a reversion to the downtrend.

Foreign investors were still net buyers on both stock exchanges, picking shares worth a combined VND77 billion ($3.6 million). — VNS

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