Blue chips drag VN-Index down
Stocks quickly lost value in the last minutes of the October 30
afternoon. Blue chips' morning momentum turned heads to close at a loss.
Stocks quickly lost value in the last minutes of the October 30
afternoon. Blue chips' morning momentum turned heads to close at a loss.
On the HCM Stock Exchange, the benchmark VN-Index closed down 0.35 percent at 589.14 points while the VN30, which tracks the top 30 shares by market value and liquidity, tumbled by 0.14 percent to end at 627.21 points.
The biggest stock in terms of market value was PV Gas (GAS), which slid 1.89 percent amongst other losers like VinGroup (VIC), Saigon Securities Inc (SSI), Ocean Group (OGC), Military Bank (MBB) and Hoang Anh Gia Lai Co (HAG).
Nearly half the codes sank in red across the board.
Liquidity also declined with a market value drop of 10 percent since October 29, reaching nearly 1.6 trillion VND (75.8 million USD).
Property developer An Duong Thao Dien Co (HAR) surprised the market by closing out as the most active code of the day with 8.1 million shares. Its prices climbed 6.54 percent to finish at 11,400 VND a share.
On the Hanoi Stock Exchange, the HNX-Index maintained a modest rise of 0.23 percent to close the session at 86.79 points.
Liquidity remained a major concern for investors who marked its low levels in recent days – only 50 million shares worth 705 billion VND (33.4 million USD) traded.-VNA
On the HCM Stock Exchange, the benchmark VN-Index closed down 0.35 percent at 589.14 points while the VN30, which tracks the top 30 shares by market value and liquidity, tumbled by 0.14 percent to end at 627.21 points.
The biggest stock in terms of market value was PV Gas (GAS), which slid 1.89 percent amongst other losers like VinGroup (VIC), Saigon Securities Inc (SSI), Ocean Group (OGC), Military Bank (MBB) and Hoang Anh Gia Lai Co (HAG).
Nearly half the codes sank in red across the board.
Liquidity also declined with a market value drop of 10 percent since October 29, reaching nearly 1.6 trillion VND (75.8 million USD).
Property developer An Duong Thao Dien Co (HAR) surprised the market by closing out as the most active code of the day with 8.1 million shares. Its prices climbed 6.54 percent to finish at 11,400 VND a share.
On the Hanoi Stock Exchange, the HNX-Index maintained a modest rise of 0.23 percent to close the session at 86.79 points.
Liquidity remained a major concern for investors who marked its low levels in recent days – only 50 million shares worth 705 billion VND (33.4 million USD) traded.-VNA
You should also see
Vietnam eyes strengthening multifaceted cooperation with Hungary: NA Chairman
National Assembly (NA) Chairman Vuong Dinh Hue on April 16 said that Vietnam always values and wishes to strengthen multifaceted cooperation with Hungary, a traditional partner and the only comprehensive partner of Vietnam in the Central Eastern European region when receiving First Officer of the Hungarian National Assembly Márta Mátrai in Hanoi.
See more
Society
Int’l media highlights Tim Cook’s visit to Vietnam
CEO of US-based tech giant Apple, Tim Cook, is paying a two-day visit to Vietnam, starting on April 15. The event has become a highlight of the international media.
Business
US dollar continues gaining against Vietnamese dong, hitting exchange ceiling
The US dollar has continued to strengthen against the Vietnamese dong (VND) as the exchange rate hit the ceiling limit across commercial banks on April 16 morning.
Business
Vietnam National Brand Week 2024 opens
The Trade Promotion Agency under the Ministry of Industry and Trade (MoIT) opened the Vietnam National Brand Week 2024 in Hanoi on April 16.
Business
Government urged to probe gold traders to prevent possible market manipulation
The National Assembly (NA) Standing Committee has asked the Government and the Prime Minister to investigate gold trading firms to promptly address any violations in business activities and possible market manipulation, amid soaring domestic prices.
Business
Tra Vinh exports organic coconut flower nectar to Australia
The Tra Vinh Farm Co., Ltd (Sokfarm) in the Mekong Delta province of Tra Vinh has successfully exported its first shipment of organic coconut flower nectar products to Australia - the fifth main importer of the locality’s product.
