Profit-taking pulls down shares
Profit-taking intensified during afternoon trading on February 11,
dragging shares down on both national stock exchanges, but liquidity
improved greatly.
Profit-taking intensified during afternoon trading on February 11,
dragging shares down on both national stock exchanges, but liquidity
improved greatly.
On the Ho Chi Minh City Stock Exchange, the VN-Index dropped 0.36 percent to 553.9 points. The benchmark index's upward trend was reserved during the last 20 minutes of trading as investors boosted selling for profit-taking.
However, the cash flow into the market was strong on February 11, with the total trading value reaching 2.85 trillion VND (135.7 million USD) on the exchange of 175 million shares.
Although most of the blue chips gained during the morning trading session, two-thirds of the southern city's 30 largest stocks by capitalisation and liquidity ended in the red after afternoon trading.
The VN30-Index lost 0.64 percent to end at 627.4 points.
PetroVietnam Low-Pressure Gas Distribution (PGD) lost 1,200 VND (0.057 USD) per share, sinking to 45,800 VND (2.2 USD). Vinamilk (VNM) and Kinh Do (KDC) each fell by 1,000 VND (0.048 USD) per share.
Only four blue chips managed to increase on February 11, including real estate giant (VIC), PetroVietnam General Services Corporation (PET), Masan Group (MSN) and Da Nang Rubber Corporation (DRC).
With surprising trading volume of 15.4 million shares, Tan Tao Group (ITA) led the southern bourse by liquidity.
Shares also failed to maintain gains in the morning trading session, with the benchmark index closing the day lower on the northern bourse.
The HNX-Index slightly declined by 0.01 percent to 75.55 points, while the HNXFF-Index slid 0.2 percent to 75 points.
However, liquidity reached a record high, with more than 90 million shares changing hands for a total value of 838.5 billion VND (39.9 million USD).
Comprising the capital city's top shares, the HNX30-Index ended 0.63 percent lower at 148.39 points.
According to Vietnam Investment Securities, the strong cash flow into the market on February 11 might be the capital outflow before the Tet (Lunar New Year) holiday.
However, the sudden losses in the benchmark indices in the afternoon will have an impact on investor confidence.
Vietnam Investment Securities has said that the market will regain its balance as a result of buying from foreign investors.
FPT Securities said investors should be cautious while watching market fluctuations in coming trading sessions, especially for foreign investors' capital.-VNA
On the Ho Chi Minh City Stock Exchange, the VN-Index dropped 0.36 percent to 553.9 points. The benchmark index's upward trend was reserved during the last 20 minutes of trading as investors boosted selling for profit-taking.
However, the cash flow into the market was strong on February 11, with the total trading value reaching 2.85 trillion VND (135.7 million USD) on the exchange of 175 million shares.
Although most of the blue chips gained during the morning trading session, two-thirds of the southern city's 30 largest stocks by capitalisation and liquidity ended in the red after afternoon trading.
The VN30-Index lost 0.64 percent to end at 627.4 points.
PetroVietnam Low-Pressure Gas Distribution (PGD) lost 1,200 VND (0.057 USD) per share, sinking to 45,800 VND (2.2 USD). Vinamilk (VNM) and Kinh Do (KDC) each fell by 1,000 VND (0.048 USD) per share.
Only four blue chips managed to increase on February 11, including real estate giant (VIC), PetroVietnam General Services Corporation (PET), Masan Group (MSN) and Da Nang Rubber Corporation (DRC).
With surprising trading volume of 15.4 million shares, Tan Tao Group (ITA) led the southern bourse by liquidity.
Shares also failed to maintain gains in the morning trading session, with the benchmark index closing the day lower on the northern bourse.
The HNX-Index slightly declined by 0.01 percent to 75.55 points, while the HNXFF-Index slid 0.2 percent to 75 points.
However, liquidity reached a record high, with more than 90 million shares changing hands for a total value of 838.5 billion VND (39.9 million USD).
Comprising the capital city's top shares, the HNX30-Index ended 0.63 percent lower at 148.39 points.
According to Vietnam Investment Securities, the strong cash flow into the market on February 11 might be the capital outflow before the Tet (Lunar New Year) holiday.
However, the sudden losses in the benchmark indices in the afternoon will have an impact on investor confidence.
Vietnam Investment Securities has said that the market will regain its balance as a result of buying from foreign investors.
FPT Securities said investors should be cautious while watching market fluctuations in coming trading sessions, especially for foreign investors' capital.-VNA