Vietnamplus

A series of best-performing stocks on the Vietnamese stock market are losing their steam due to poor business performances.

Vietnamese shares have been in the red as most large-cap stocks lost steam, caused by the sell-off on the world’s stock market.

Shares cooled down a little on January 26 on the HCM Stock Exchange after a “crazy” session on January 25, backed by strong growth of finance stocks.

Large-cap companies continued to drive shares on the HCM Stock Exchange up on November 3, but analysts warned of market volatility over investor worries about the market’s dependence on blue chips.

Shares edged down on the two national stock exchanges on October 23, led by large caps which declined steeply under strong profit-taking selling pressure.

Mixed share performance is expected this week and market sentiment is forecast to remain weak before companies release their second-quarter earnings reports.

Shares rebounded on both local markets on July 11, driven by investors picking up stocks that had fallen to attractive price levels.

Vietnamese shares were almost flat in both local markets on June 15 as energy firms, banks and other leading companies suffered from investor profit-hunting.

Shares rose on both local markets on May 29 but market growth slowed down during the day as banks and brokerages failed to extend gains.

Shares advanced in both local markets on May 12, driven by property developers and energy companies.

Shares rose higher on November 22, driven by oil and gas producers and banking-financial companies, while listed firms with positive 10-month earnings also bolstered investor confidence.

Shares were volatile on the two local exchanges on November 11 with lower trading liquidity as investors worried over the potential economic policies from US president-elect Donald Trump.

Shares slightly increased on November 8 on the two local exchanges with modest trading liquidity as investors were waiting for the result of the US Presidential election.

Shares dropped for a fifth day on the two local exchanges on October 26 , driven by energy stocks following another drop in oil prices while investors remained cautious after a four-day losing streak.

Vietnamese shares fell again on July 21, led by Vinamilk – the largest milk producer, brokerage firms and insurance companies.

Vietnamese shares on July 15 fell for a second day as energy firms suffered from lower oil prices and investors continued to seek profits in large-cap stocks.

Vietnamese shares ended mixed on June 15 as investors remained cautious ahead of the decision to be made by the US central bank on this year's interest rate.

Two bourses posted mixed results on June 10 while foreign investors enhanced their buying in the local market.

Vietnamese shares bounced back on the week’s last transaction day from the previous day’s declines on both local exchanges as banks and property developers recovered from their recent falls.

Vietnamese shares were mixed for a third day on the two local exchanges on May 6, while blue chips continued to attract foreign investors with positive quarterly performances.