Bank shares drive markets backwards
Both bourses on June 24 fell from their previous values on the day
before as foreign investors remained as net sellers and all bank shares
declined.
Both bourses on June 24 fell from their previous values on the day
before as foreign investors remained as net sellers and all bank shares
declined.
However, foreign investors reduced the total net sell value by 77 percent to 69 billion VND (3.2 million USD).
On the Ho Chi Minh Stock Exchange, the VN-Index was down 0.51 percent to 590.02 points.
Shares were very active with 75 flat stocks, 100 gainers and 111 decliners.
Market liquidity was slightly down compared with the previous day, with 129 million shares worth 2.1 trillion VND (97 million USD) traded.
Shares with large capitalisations and low market values remained the most active on the market. FLC Group (FLC) topped market trading with 18.7 million shares and gained 1.36 percent to 8,900 VND per share.
Among the 10 blue chips on the market, only Vingroup Corporation (VIC) made gains and Petro Vietnam Gas Corporation (GAS) remained flat, while the others fell.
VN30 basket conditions were bad, with 18 decliners including Vietcombank (VCB), Vietnam Dairy Products Joint Stock Company (VNM) and Ma San Group (MSN). The VN30 Index lost 0.6 percent to close at 610.73 points.
All bank shares fell from their previous values, while among gas shares only PetroVietnam Drilling & Well Service Corporation (PVD) declined. Securities shares showed some positivity with HCM City Securities Corporation (HCM) and Sai Gon Securities Incorporation (SSI) making gains.
Mid-cap shares and small-cap shares also struggled during June 24's session. The VNMID Index fell by 0.19 percent to 656.14 points while the VNSML Index ended almost flat at 668.41 points. Both baskets ended with a balanced performance between decliners and gainers.
On the Hanoi Stock Exchange, the HNX Index dropped 0.34 percent to end at 86.46 points with decliners outnumbering gainers by 115 to 83 and 161 flat codes. Overall, northern market liquidity ended slightly higher than the previous day with more than 51 million shares worth 650 billion VND (30 million USD) traded.
Both Sai Gon-Hanoi Bank (SHB) and Asia Commercial Bank (ACB) declined from their previous values by 1.2 and 1.83 percent.
Gas shares improved but were unable to help the northern market avoid its fall.-VNA
However, foreign investors reduced the total net sell value by 77 percent to 69 billion VND (3.2 million USD).
On the Ho Chi Minh Stock Exchange, the VN-Index was down 0.51 percent to 590.02 points.
Shares were very active with 75 flat stocks, 100 gainers and 111 decliners.
Market liquidity was slightly down compared with the previous day, with 129 million shares worth 2.1 trillion VND (97 million USD) traded.
Shares with large capitalisations and low market values remained the most active on the market. FLC Group (FLC) topped market trading with 18.7 million shares and gained 1.36 percent to 8,900 VND per share.
Among the 10 blue chips on the market, only Vingroup Corporation (VIC) made gains and Petro Vietnam Gas Corporation (GAS) remained flat, while the others fell.
VN30 basket conditions were bad, with 18 decliners including Vietcombank (VCB), Vietnam Dairy Products Joint Stock Company (VNM) and Ma San Group (MSN). The VN30 Index lost 0.6 percent to close at 610.73 points.
All bank shares fell from their previous values, while among gas shares only PetroVietnam Drilling & Well Service Corporation (PVD) declined. Securities shares showed some positivity with HCM City Securities Corporation (HCM) and Sai Gon Securities Incorporation (SSI) making gains.
Mid-cap shares and small-cap shares also struggled during June 24's session. The VNMID Index fell by 0.19 percent to 656.14 points while the VNSML Index ended almost flat at 668.41 points. Both baskets ended with a balanced performance between decliners and gainers.
On the Hanoi Stock Exchange, the HNX Index dropped 0.34 percent to end at 86.46 points with decliners outnumbering gainers by 115 to 83 and 161 flat codes. Overall, northern market liquidity ended slightly higher than the previous day with more than 51 million shares worth 650 billion VND (30 million USD) traded.
Both Sai Gon-Hanoi Bank (SHB) and Asia Commercial Bank (ACB) declined from their previous values by 1.2 and 1.83 percent.
Gas shares improved but were unable to help the northern market avoid its fall.-VNA
You should also see
InfographicADB maintains 2024 economic growth forecast for Vietnam
In its April 2024 Asian Development Outlook (ADO) report, the Asian Development Bank (ADB) has maintained its earlier forecast for Vietnam’s economic growth this year, despite ongoing uncertainties from the external environment. Vietnam’s economy is expected to achieve a growth rate of 6.0% in 2024 and 6.2% in 2025.
See more
Business
Vietnam treasures multifaceted cooperation with Côte d'Ivoire: Deputy FM
Vietnam always attaches importance to and wishes to bolster multifaceted cooperation with Côte d'Ivoire – its traditional friendship partner in Africa, Deputy Minister of Foreign Affairs Nguyen Minh Hang has said.
Videos
Foreign investment driven towards new breakthrough phase
Vietnam has so far drawn nearly 500 billion USD in registered FDI capital after nearly four decades of opening up its economy, with investment quality improvement considered a key task for a new breakthrough phase ahead.
Business
Quang Ninh attracts additional 115 million USD from Japan investors
The Quang Ninh Economic Zone Authority (QEZA) presented investment certificates to two Japanese projects worth 115 million USD in total at a conference held at Song Khoai Industrial Park (IP) on April 19.
Business
Central bank plans to auction gold bars on April 22
The State Bank of Vietnam (SBV) will auction SJC-branded gold bars on April 22, a representative of the central bank said on April 19.
Business
Hanoi to host Vietnam Medipharm Expo 2024
The 31st Vietnam International Medical and Pharmaceutical Exhibition (Vietnam Medipharm Expo 2024) is scheduled to take place in Hanoi from May 9 to 12, an official of the Ministry of Health (MoH) told a press conference on April 19.
