Shares lose ground due to large-caps and mid-caps

November 23, 2021 - 06:56

Shares ended lower on Monday due to the sharp fall of large-caps and mid-caps in some major sectors, pressuring the overall market.


Welcome gate of Khang Điền House (KDH)'s Melosa Garden project in District 9, HCM City. KDH lost 6.3 per cent Monday. — Photo courtesy of Khang Điền House

HÀ NỘI - Shares ended lower on Monday due to the sharp fall of large-caps and mid-caps in some major sectors, pressuring the overall market.

The market benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) lost 0.35 per cent to end at 1,447.25 points.

The market's liquidity was negative with 127 stocks rising, while 350 slid.

Investors poured over VNĐ36.6 trillion (US$1.6 billion) into the southern exchange, equivalent to a trading volume of VNĐ1.3 billion shares.

The 30 biggest stocks tracker VN30-Index gained 1.13 per cent, to end at 1,517.04 points. Nineteen in the VN30 basket climbed, while 10 decreased.

In the VN-30 basket, the worst performers were PV Power (POW), falling 6.5 per cent, Khang Điền House (KDH) dropping over 6 per cent, Vietnam National Petroleum Group (PLX) and The Việt Nam Rubber Group (GVR) both falling more than 5 per cent.

In the mining industry, oil and gas stocks dropped sharply, of which PetroVietnam Drilling and Well Services Corporation (PVD) plunged 7 per cent.

Other oil and gas stocks also fell sharply, such as Bình Dương Mineral and Construction JSC (KSB), Bình Định Minerals Joint Stock Company (BMC), CIC39 Corporation (C32), Lào Cai Mineral Exploitation & Processing JSC (LCM) and Thu Duc Housing Development Corporation (TDH).

Small and medium-cap stocks in the real estate industry continued correcting, including Danh Khôi Group JSC (L14), Sông Đà Urban Investment Construction & Development JSC (SDU), Đất Xanh Group (DXG), Quốc Cường Gia Lai Joint Stock Company (QCG), Licogi 16 Joint Stock Company (LCG), Hoang Quan Consulting-Trading-Service Real Estate Corporation (HQC) and Kien Giang Construction Investment Consultancy Group (CKG).  

“The market today experienced a struggling session in the 1,443-1,467 area. At the end of the session, VN-Index dropped more than 5 points compared to the previous session with relatively large liquidity,” said BIDV Securities Co.

“Market breadth tilted to the negative side with losers outnumbering advancers. VN-Index is testing the support area of 1,440-1,450 points. Regarding the transactions of foreign investors, today they were net buyers on both HSX and HNX,” it said.

Foreign investors' net bought VNĐ504.26 billion on HOSE. They were net buyers on HNX with a value of VNĐ934.21 billion.

On the Hà Nội Stock Exchange (HNX), the HNX-Index lost 2.06 per cent to end Monday at 444.62 points.

During the trading session, nearly 181 million shares were traded on HNX, worth nearly VNĐ4.8 trillion. — VNS