Shares tumble on both national bourses
The VN-Index declined on June 19 for four consecutive days, falling 2.68 points or as much as 0.47 percent to 567.35 points.
The VN-Index declined on June 19 for four consecutive days, falling 2.68 points or as much as 0.47 percent to 567.35 points.
In the morning trading session, selling pressure intensified as investors feared further declines, causing the VN-Index to drop almost 12 points at a point in time.
However, the panic did not last long as value hunters rose to buy cheap stock, with investors becoming more calm and boosting liquidity in the market.
The trading volume and value increased by respectively 20 percent and 30 percent from the previous trading session to rise to 124.3 million shares and 1.76 trillion VND (83.8 million USD).
Most large-cap stocks plunged as sell-offs occurred in the VN30-Index, tracking the performance of the southern bourse's 30 largest stocks by capitalisation and liquidity, which declined 0.77 percent to 613.82 points.
Only four companies managed to advance on June 19, Da Nang Rubber Corporation (DRC), Kinh Do Corporation (KDC), Hoa Sen Group (HSG) and PetroVietnam Low Pressure Gas Distribution (PGD).
A gain of 0.95 percent to 105,000 VND (5 USD) a share of PetroVietnam Gas Corporation (GAS) helped narrow the benchmark index's loss on June 19.
Property stocks continued to attract significant capital inflows on June 19. FLC Group (FLC) led in the trading volume, with 3 million shares changing hands, followed by Hoang Quan Corporation (HQC) and Tan Tao Group (ITA).
In total, there were 156 decliners on the southern bourse but only 61 advancers. The northern bourse also experienced a similar trading session with the HNX-Index declining 0.54 percent to 76.44 points and the HNXFF-Index, composed of stocks with a minimum free float rate of 5 percent, edging down 0.56 percent to 76.99 points.
As shares tumbled, investors increased buying activities, with 68.6 million shares worth 690.5 billion VND (32.8 million USD) changing hands. The HNX30-Index, which tracks top stocks, fell by 0.73 percent to 152.98 points.
Foreign investors continued to be net buyers of 168 billion VND (8 million USD) shares, nearly 80 percent of which was on the southern bourse, as they bought cheap stocks in a trading session, which was on a declining trend.-VNA
In the morning trading session, selling pressure intensified as investors feared further declines, causing the VN-Index to drop almost 12 points at a point in time.
However, the panic did not last long as value hunters rose to buy cheap stock, with investors becoming more calm and boosting liquidity in the market.
The trading volume and value increased by respectively 20 percent and 30 percent from the previous trading session to rise to 124.3 million shares and 1.76 trillion VND (83.8 million USD).
Most large-cap stocks plunged as sell-offs occurred in the VN30-Index, tracking the performance of the southern bourse's 30 largest stocks by capitalisation and liquidity, which declined 0.77 percent to 613.82 points.
Only four companies managed to advance on June 19, Da Nang Rubber Corporation (DRC), Kinh Do Corporation (KDC), Hoa Sen Group (HSG) and PetroVietnam Low Pressure Gas Distribution (PGD).
A gain of 0.95 percent to 105,000 VND (5 USD) a share of PetroVietnam Gas Corporation (GAS) helped narrow the benchmark index's loss on June 19.
Property stocks continued to attract significant capital inflows on June 19. FLC Group (FLC) led in the trading volume, with 3 million shares changing hands, followed by Hoang Quan Corporation (HQC) and Tan Tao Group (ITA).
In total, there were 156 decliners on the southern bourse but only 61 advancers. The northern bourse also experienced a similar trading session with the HNX-Index declining 0.54 percent to 76.44 points and the HNXFF-Index, composed of stocks with a minimum free float rate of 5 percent, edging down 0.56 percent to 76.99 points.
As shares tumbled, investors increased buying activities, with 68.6 million shares worth 690.5 billion VND (32.8 million USD) changing hands. The HNX30-Index, which tracks top stocks, fell by 0.73 percent to 152.98 points.
Foreign investors continued to be net buyers of 168 billion VND (8 million USD) shares, nearly 80 percent of which was on the southern bourse, as they bought cheap stocks in a trading session, which was on a declining trend.-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.
