VN stocks skid down as market stalls for ETFs' trading

Novaland's River Gate project. The company shares declined by 1.4 per cent on Friday morning. — Photo pandaland.com.vn

Vietnamese shares were down slightly Friday morning with moderate trading liquidity as investors waited for the finalised review of exchange-traded funds’ portfolios.

The benchmark VN-Index on the Ho Chi Minh Stock Exchange slid 0.24 per cent to close at 994.75 points.

The VN-Index gained 0.20 per cent on Thursday.

More than 91.3 million shares were traded in the morning session, worth nearly VND2 trillion (US$86 million).

The market sentiment was quiet as exchange-traded funds (ETFs) were shaking up their portfolios in the quarterly review.

Caution pulled insurance, securities and agriculture stocks down while retail, healthcare and pharmaceuticals, and oil and gas companies advanced.

On the southern bourse, all three indices that classify stocks by market capitalisation and trading liquidity declined between 0.09 per cent and 0.29 per cent.

Large-cap VN30-Index dropped 0.23 per cent to 916.81 points in the morning, dragged by Novaland (NVL), Bao Viet Holdings (BVH), SSI Securities (SSI) and FLC Faros Construction (ROS).

On the Ha Noi Stock Exchange, the HNX-Index inched down 0.07 per cent to end at 103.97 points.

The northern market index had gained total 4.07 per cent in the previous seven trading days.

Nearly 19 million shares were traded on the northern market, worth VND242.3 billion.

The afternoon trading session starts at 1pm. — VNS

Tags real estate Vn-Index ; stock market ; VFMVN30 ETF

VN's food processing industry struggles to improve quality and value chain integration

Economy

Aviation stocks waiting for takeoff as businesses soar

Economy

Monetary policy forecast unlikely to loosen further

Economy

PM attends Dominican Republic-Việt Nam business dialogue in Santo Domingo

Economy

New decree on using telecommunications accounts for payment proposed

Economy

Việt Nam resolved to boost digital economy with national action plan

More on this story

Economy

Vietjet’s ancillary revenue ranks among the world' top 12

During the period, its ancillary revenue of passenger transport topped VNĐ5.43 trillion, up 43 per cent year-on-year mainly thanks to the growth of international passenger transportation. The proportion of ancillary revenue in total air transport revenue was 27 per cent.

Economy

Local firm exports four tonnes of sheep wool yarn to Japan

With an annual designed capacity of about 4,000 tonnes of yarn, the mill aims to create revenue from $100-120 million each year, contributing to the job generation for locals as it recruits up to 400 labourers.

Economy

VN stocks change little with increased selling

The benchmark VN-Index on the Ho Chi Minh Stock Exchange inched down 0.10 per cent to end at 995.74 points

Economy

Việt Nam urged to meet EU’s standards on agricultural products

Việt Nam will have to address some challenges in order to fully grasp the benefits of the EU – Vietnam Free Trade Agreement (EVFTA) and its opportunities for the export of agricultural products.

Economy

BSR earnings get boost as crude import tax turns zero

The zero crude import tax will help BSR reduce its dependence on US, Southeast Asia and West Africa imports

Economy

Quảng Ninh approves $36m hi-tech farming zone

Covering nearly 170ha, the zone will be used for researching and fostering the application of technology in the seafood industry with a focus on shrimp development in the province and others in the north, baodautu.vn reports.

Economy

HCM City seeks to become logistics hub

HCM City is working on a logistics development strategy that would make the city a major logistics hub and reduce logistic costs to 16 per cent of Việt Nam's GDP in 2025.

Economy

Interest rates to be stable till year end

Interest rates in the domestic market are expected to remain stable until the end of the year, buoyed by good liquidity and proper credit growth, said Phạm Thanh Hà, director of the State Bank of Việt Nam (SBV)’s Monetary Policy Department.

Economy

Vietnam Opportunity Fund completely exits Vietjet

After three years, VOF earned $80 million in proceeds from dividend and sales proceeds with internal rate of return (IRR) of the investment being 86 per cent.