VN-Index slumps as blue chips tumble
The VN-Index could not sustain its rise on September 17 afternoon as blue chips continued to slide.
The VN-Index could not sustain its rise on September 17 afternoon as blue chips continued to slide.
Major large-cap stocks like PV Gas (GAS), Vinamilk (VNM), Masan Group (MSN), Hoang Anh Gia Lai Co (HAG) and Vietcombank (VCB) that rose in the morning turned towards the end of the session.
On the Hochiminh Stock Exchange, the VN-Index lost 2 points, or 0.32 percent to close at 625.66 points while the VN30, which tracks the top 30 shares by market value and liquidity, decreased 0.15 percent to end at 665.66 points.
Securities shares replaced oil and gas-related stocks as the biggest gainers on September 17 with Saigon Securities Inc (SSI), HCM Securities Co (HCM), BIDV Securities Co (BSI) and Agribank Securities Corp (AGR) all closing at the ceiling prices.
Liquidity remained high as market volume reached nearly 190 million shares worth 3.612 trillion VND (171.2 million USD).
FLC Group (FLC) once again was the most heavily-traded stock with 21.8 million shares, edging up 0.84 percent to close at 12,000 VND.
On the Hanoi Stock Exchange, the HNX-Index closed nearly unchanged at 90.16 points.
Market volume climbed 60 percent over the previous session, totaling 145 million shares while value of trades increased 55 percent to more than 2 trillion VND (94.8 million USD).
Kim Long Securities Co (KLS) on September 17 claimed the position of the most active stock from PetroVietnam Construction Corp (PVX) with 19 million shares traded. KLS price soared up to 9.6 percent to finish at 13,700 VND per share.
PVX came second on trades of 15.3 million shares, slipping 1.56 percent to end at 6,300 VND a share.
According to analysts at SHB Securities Co, the market outlook in the medium term was still positive. However, the market is likely to become more fragile as money inflows focus on hot stocks like oil and gas companies, securities and penny stocks.
Analysts encouraged investors to take advantage of the rising session to restructure their portfolios to reduce risk.
Foreign investors increased selling on September 17 as their net sell value nearly doubled the level on September 16, reaching 382.2 billion VND (18.1 million USD) worth of shares on the two exchanges.-VNA
Major large-cap stocks like PV Gas (GAS), Vinamilk (VNM), Masan Group (MSN), Hoang Anh Gia Lai Co (HAG) and Vietcombank (VCB) that rose in the morning turned towards the end of the session.
On the Hochiminh Stock Exchange, the VN-Index lost 2 points, or 0.32 percent to close at 625.66 points while the VN30, which tracks the top 30 shares by market value and liquidity, decreased 0.15 percent to end at 665.66 points.
Securities shares replaced oil and gas-related stocks as the biggest gainers on September 17 with Saigon Securities Inc (SSI), HCM Securities Co (HCM), BIDV Securities Co (BSI) and Agribank Securities Corp (AGR) all closing at the ceiling prices.
Liquidity remained high as market volume reached nearly 190 million shares worth 3.612 trillion VND (171.2 million USD).
FLC Group (FLC) once again was the most heavily-traded stock with 21.8 million shares, edging up 0.84 percent to close at 12,000 VND.
On the Hanoi Stock Exchange, the HNX-Index closed nearly unchanged at 90.16 points.
Market volume climbed 60 percent over the previous session, totaling 145 million shares while value of trades increased 55 percent to more than 2 trillion VND (94.8 million USD).
Kim Long Securities Co (KLS) on September 17 claimed the position of the most active stock from PetroVietnam Construction Corp (PVX) with 19 million shares traded. KLS price soared up to 9.6 percent to finish at 13,700 VND per share.
PVX came second on trades of 15.3 million shares, slipping 1.56 percent to end at 6,300 VND a share.
According to analysts at SHB Securities Co, the market outlook in the medium term was still positive. However, the market is likely to become more fragile as money inflows focus on hot stocks like oil and gas companies, securities and penny stocks.
Analysts encouraged investors to take advantage of the rising session to restructure their portfolios to reduce risk.
Foreign investors increased selling on September 17 as their net sell value nearly doubled the level on September 16, reaching 382.2 billion VND (18.1 million USD) worth of shares on the two exchanges.-VNA
You should also see
Prime Minister pays tribute to legendary founders of Vietnam
Prime Minister Pham Minh Chinh and other officials offered incense in commemoration of the Hung Kings, the legendary founders of Vietnam, at Kinh Thien Palace on Nghia Linh Mountain in Viet Tri city, the northern province of Phu Tho, on April 18 (the 10th day of the third lunar month).
See more
Business
Standard Chartered, US promote clean energy investments in Vietnam
Standard Chartered and the US Agency for International Development (USAID) have signed a Memorandum of Understanding (MoU) on green financing in Vietnam and to promote the deployment of advanced clean energy in Vietnam.
Business
Vietnam Airlines, Sun Group promote Vietnam’s tourism in RoK
National flag carrier Vietnam Airlines and Sun Group on April 17 held a tourism promotion event themed “The Magnificent Vietnam” in Seoul, aiming to promote Vietnam’s tourism potential, flights, and trade opportunities for Vietnam and the Republic of Korea (RoK).
Business
Overseas remittances to HCM City record highest increase in three years
Overseas remittances to Ho Chi Minh City exceeded 2.86 billion USD in the first quarter of 2024, an annual increase of 35.4% and the highest recorded in three consecutive years.
Business
Thu Duc city seeks investment in 11 PPP projects
Authorities of Thu Duc city, Ho Chi Minh City, held a conference on April 17 to draw investment in 11 public-private partnership (PPP) projects in the fields of education, culture and sports, with a total capital of over 2 trillion VND (83.3 million USD).
Videos
Real estate market thrives, entities ready to re-enter market
The real estate market has witnessed positive developments, with a slew of projects, including billion-dollar projects, being announced and called for investment in the first quarter of 2024.
