Vietnamese shares experience mixed results
The VN-Index on the Ho Chi Minh City Exchange shrank slightly on
December 4, after successfully entering the resistance band of 510-513
points on December 3.
The VN-Index on the Ho Chi Minh City Exchange shrank slightly on
December 4, after successfully entering the resistance band of 510-513
points on December 3.
The benchmark index lost 0.14 per cent to 510.88 points on the exchange of 111.829 million shares and total trading volume touched 1.489 trillion VND (70.9 million USD).
Also, liquidity eased on December 4, in comparison with the December 3 trading session, as investors grew cautious about buying decisions.
Although blue chips gained from Hoa Sen Group (HSG), logistics company Gemadept (GMD) and Ocean Group (OGC) were 4.8 percent, 3.8 percent and 4.3 percent higher, respectively, while the VN30-Index, tracking the southern city's top shares by capitalisation and liquidity, decreased 0.14 per cent to 570.91 points.
Nine other gainers in the blue chip group, including names such as Vietinbank (CTG), Infrastructure Development Corporation (IJC), Kinh Do (KDC), PetroVietnam Transportation Corporation (PVT) and REE Corporation (REE), each earned 100 VND (0.0049 USD) to 200 VND (0.0095 USD) per share.
The drop of insurance Bao Viet Group (BVH), Masan Group (MSN), PetroVietnam Low Pressure Gas Distribution (PGD), Sacombank (STB), Vietcombank (VCB) and Vinamilk (VNM), along with six other blue chips, helped drag down the benchmark index on December 4.
Profit-taking occurred on speculative stocks which witnessed rapid increases recently, such as Mirae JSC (KMR) and Viet – Han Corporation (VHG).
Many stocks of securities gained on December 4, including Ho Chi Minh Securities (HCM), Beta Securities (BSI), Agribank Securities (ARG) and Sai Gon Securities (SSI).
However, shares advanced on the Hanoi Stock Exchange on December 4.
The HNX-Index closed 0.74 percent higher at 66.12 points and the newly-launched HNXFF-Index, which included stocks with minimum free-float rate of 5 percent, closed at 66.19 points, 0.76 percent higher.
The total trading volume hit 471.638 billion VND (22.45 million USD) on the exchange of 60.7 million shares.
The HNX30-Index, composed of the 30 largest shares of the northern bourse, jumped 1.19 percent to 125.71 points.
According to FPT Securities, investors should put into consideration stocks that would benefit from the proposed increase in foreign rooms.
Vietnam Investment Securities said that it became more difficult for investors to earn large profits, as expected at the moment, because price fluctuation amplitudes were narrowing.
The cash flow, however, could target mid-caps as the most profitable stocks, the company said.-VNA
The benchmark index lost 0.14 per cent to 510.88 points on the exchange of 111.829 million shares and total trading volume touched 1.489 trillion VND (70.9 million USD).
Also, liquidity eased on December 4, in comparison with the December 3 trading session, as investors grew cautious about buying decisions.
Although blue chips gained from Hoa Sen Group (HSG), logistics company Gemadept (GMD) and Ocean Group (OGC) were 4.8 percent, 3.8 percent and 4.3 percent higher, respectively, while the VN30-Index, tracking the southern city's top shares by capitalisation and liquidity, decreased 0.14 per cent to 570.91 points.
Nine other gainers in the blue chip group, including names such as Vietinbank (CTG), Infrastructure Development Corporation (IJC), Kinh Do (KDC), PetroVietnam Transportation Corporation (PVT) and REE Corporation (REE), each earned 100 VND (0.0049 USD) to 200 VND (0.0095 USD) per share.
The drop of insurance Bao Viet Group (BVH), Masan Group (MSN), PetroVietnam Low Pressure Gas Distribution (PGD), Sacombank (STB), Vietcombank (VCB) and Vinamilk (VNM), along with six other blue chips, helped drag down the benchmark index on December 4.
Profit-taking occurred on speculative stocks which witnessed rapid increases recently, such as Mirae JSC (KMR) and Viet – Han Corporation (VHG).
Many stocks of securities gained on December 4, including Ho Chi Minh Securities (HCM), Beta Securities (BSI), Agribank Securities (ARG) and Sai Gon Securities (SSI).
However, shares advanced on the Hanoi Stock Exchange on December 4.
The HNX-Index closed 0.74 percent higher at 66.12 points and the newly-launched HNXFF-Index, which included stocks with minimum free-float rate of 5 percent, closed at 66.19 points, 0.76 percent higher.
The total trading volume hit 471.638 billion VND (22.45 million USD) on the exchange of 60.7 million shares.
The HNX30-Index, composed of the 30 largest shares of the northern bourse, jumped 1.19 percent to 125.71 points.
According to FPT Securities, investors should put into consideration stocks that would benefit from the proposed increase in foreign rooms.
Vietnam Investment Securities said that it became more difficult for investors to earn large profits, as expected at the moment, because price fluctuation amplitudes were narrowing.
The cash flow, however, could target mid-caps as the most profitable stocks, the company said.-VNA
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