Blue chips weigh on VN-Index
Pulled down by blue chips, the market lost momentum during its last
minutes on the week’s last trading day on October 3, despite strong buys
from domestic investors.
Pulled down by blue chips, the market lost momentum during its last
minutes on the week’s last trading day on October 3, despite strong buys
from domestic investors.
On the Ho Chi Minh Stock Exchange, the VN-Index inched 0.18 percent down to close the session at 611.55 points, while the VN30 tracking performance of the top 30 shares by market value and liquidity dipped 0.06 percent to end at 659.25 points.
Slumps by major stocks such as PV Gas (GAS), Vinamilk (VNM), Bao Viet Holdings (BVH), FPT Corp (FPT) and Hoang Anh Gia Lai Co (HAG) weighed down the market.
However, investors remained confident, as shown by high liquidity. More than 190 million shares worth nearly 3.554 trillion VND (168.4 million USD) were traded by the end of the session.
Several blue chips attracted investors' attention, such as Vietcombank (VCB), VinGroup (VIC), Kinh Do Corp (KBC), Saigon Securities Inc (SSI), Hoa Sen Group (HSG) and Tan Tao Investment Industry Corp (ITA), which all climbed in the afternoon.
ITA was also the most active code with more than 15.4 million shares, rising 2.22 percent to finish at 9,200 VND per share.
On the Hanoi Stock Exchange, the HNX-Index managed to close higher at 90.32 points, just 0.07 percent up on the previous day.
Liquidity remained positive, with 84.5 million shares worth 1.159 trillion VND (55 million USD) being exchanged.
Speculative stocks, such as PetroVietnam Construction Corp (PVX) and KLF Joint Venture Global Investment Co (KLF), were the most active, with more than 12 million shares traded on each code. But prices of both shares slid 3-4 percent.
Foreign investors unexpectedly concluded as net sellers on the HCM City 's market after a positive net buying session on October 2. They unloaded shares worth 307.3 billion VND (14.6 million USD). However, the sector remained the net buyers on the Hanoi bourse, picking-up shares worth 8.41 billion VND (400,000 USD).
Despite negative trading on October 3, many analysts believe the market will improve in the near future, thanks to high liquidity on both markets. But they warn of the possibility of a modest correction as investors continue to sell shares to make cash profits.-VNA
On the Ho Chi Minh Stock Exchange, the VN-Index inched 0.18 percent down to close the session at 611.55 points, while the VN30 tracking performance of the top 30 shares by market value and liquidity dipped 0.06 percent to end at 659.25 points.
Slumps by major stocks such as PV Gas (GAS), Vinamilk (VNM), Bao Viet Holdings (BVH), FPT Corp (FPT) and Hoang Anh Gia Lai Co (HAG) weighed down the market.
However, investors remained confident, as shown by high liquidity. More than 190 million shares worth nearly 3.554 trillion VND (168.4 million USD) were traded by the end of the session.
Several blue chips attracted investors' attention, such as Vietcombank (VCB), VinGroup (VIC), Kinh Do Corp (KBC), Saigon Securities Inc (SSI), Hoa Sen Group (HSG) and Tan Tao Investment Industry Corp (ITA), which all climbed in the afternoon.
ITA was also the most active code with more than 15.4 million shares, rising 2.22 percent to finish at 9,200 VND per share.
On the Hanoi Stock Exchange, the HNX-Index managed to close higher at 90.32 points, just 0.07 percent up on the previous day.
Liquidity remained positive, with 84.5 million shares worth 1.159 trillion VND (55 million USD) being exchanged.
Speculative stocks, such as PetroVietnam Construction Corp (PVX) and KLF Joint Venture Global Investment Co (KLF), were the most active, with more than 12 million shares traded on each code. But prices of both shares slid 3-4 percent.
Foreign investors unexpectedly concluded as net sellers on the HCM City 's market after a positive net buying session on October 2. They unloaded shares worth 307.3 billion VND (14.6 million USD). However, the sector remained the net buyers on the Hanoi bourse, picking-up shares worth 8.41 billion VND (400,000 USD).
Despite negative trading on October 3, many analysts believe the market will improve in the near future, thanks to high liquidity on both markets. But they warn of the possibility of a modest correction as investors continue to sell shares to make cash profits.-VNA
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