Shares end week on negative note

February 10, 2023 - 17:40
The market extended losses on Friday, with many stocks suffering from profit-taking pressure.
A Novaland (NVL) project in HCM City. NVL lost 2.8 per cent on Friday. — Photo

HÀ NỘI — The market extended losses on Friday, with many stocks suffering profit-taking pressure.

On the Hồ Chí Minh Stock Exchange (HoSE), the market benchmark VN-Index lost 0.82 per cent, to 1,055.30 points.

The market's breadth inclined to a negative zone with 306 stocks on the southern market going down while 79 stocks advanced.

The trading value on HoSE reached nearly VNĐ8.2 trillion (US$347.9 million), equivalent to a trading volume of over 464 million shares.

The index was weighed by rising profit-taking, with many large-cap stocks suffering the downward trend. The 30 biggest stocks tracker VN30-Index plunged 1.05 per cent, to finish Friday at 1,048.74 points.

In the VN30 basket, 20 stocks declined while six stocks inched higher. Most notable losers were Masan Group (MSN), Mobile World Investment (MWG), Vinhomes (VHM), Vincom Retail (VRE) and Hòa Phát Group (HPG).

Decliners affecting the VN-Index most included banking stocks, with losers including Military Bank (MBB), Techcombank (TCB), Bank for Investment and Development of Việt Nam (BID), VietinBank (CTG), Việt Nam International Commercial JS Bank (VIB), Saigon-Hanoi Commercial JS Bank (SHB), Tiên Phong Bank (TPB) and Vietcombank (VCB).

Securities stocks decreased towards the end of the session. VN-Index's loss was significantly broadened as securities stocks declined strongly, such as VNDirect Securities Corporation (VND), Saigon-Hanoi Securities JSC (SHS), Việt Capital Incorporation (VCI), Agribank Securities Corporation (AGR) and APG Securities Joint Stock Company (APG).

Data compiled by a finance website showed that 22 out of 25 sector indices on the stock market lost ground, including construction, logistics, agriculture, real estate, retail, seafood production, construction materials, securities, rubber production, plastic and chemical production, banking, oil and gas, IT, food and beverage.

Insurance, wholesale, and healthcare were the sectors that posted gains.

The HNX-Index on the Hà Nội Stock Exchange (HNX) also settled lower. The northern market's benchmark closed the day at 208.50 points, a reduction of 1.14 per cent.

During the session, more than 48.7 million shares were traded on HNX, worth nearly VN692 billion. — VNS