VN-Index down on profit-taking
Shares declined on the HCM Stock Exchange on October 16 after rallying for six consecutive sessions as large-cap stocks lost steam on late profit-taking.
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Shares declined on the HCM Stock Exchange on October 16 after rallying for six consecutive sessions as large-cap stocks lost steam on late profit-taking.
Stock analysts have predicted the market will likely extend gains this week but divergence will continue in the context of third-quarter earning reports.
Shares extended gains on the HCM Stock Exchange on October 13, concluding the week with positive results for all five sessions.
Shares continued to rise on the Ho Chi Minh Stock Exchange on October 12, fueled by the growth of several major large caps, while the Hanoi Stock Exchange closed in the negative zone under high selling pressure.
Shares extended gains on October 11 on the HCM Stock Exchange with the benchmark VN-Index rising 0.41 percent to close at 813.95 points, expanding its three-day rally to 0.76 percent.
Shares rose slightly for a second day on the HCM Stock Exchange this week but the rally was recorded in the last trading minutes thanks to recovery of some large-cap stocks.
Shares closed on October 10 on a positive note on the two national stock exchanges as the banking, securities and steel sectors continued to support the market.
Vietnamese shares went through a rough trading week with rising investor caution. However, the market is expected to move up this week when listed companies announce third-quarter earnings.
Shares rose on the Ho Chi Minh Stock Exchange on October 5, led by banks but liquidity remained low on weak market sentiment.
Shares retreated on the Ho Chi Minh Stock Exchange on October 5 as large-cap stocks were brought down by late profit taking, signaling poor investor sentiment.
Shares sank again on the HCM Stock Exchange on October 3 as large-cap stocks were hit by low investor optimism.
Shares on October 2 fell further on the HCM Stock Exchange as large-cap stocks continued performing negatively on poor market sentiment.
Vietnamese shares were sluggish in the past week with the benchmark VN-Index suffering the first loss after four gaining weeks.
Shares fell slightly on the Ho Chi Minh Stock Exchange on September 29 as large-cap stocks lost steam and declined on investors’ late selling.
Vietnam’s benchmark VN-Index on the HCM Stock Exchange recovered on September 28, but slowed at the end of the session as investors increased selling to make profits.
Vietnamese shares fell on both local exchanges on September 27 as energy, brokerage and bank industries dropped on profit-taking.
Vietnam’s benchmark VN-Index fell slightly on September 26, covering part of losses made in intraday trading as investors hunted for low-priced stocks.
Vietnamese shares were mixed on September 25 with low trading liquidity as investors remained unsure of the stock market’s prospects.
