VN-Index declines for a second day, penny stocks in the spotlight

VN-Index, Ha Noi Stock Exchange, the HNX-Index, Ho Chi Minh Stock Exchange, VN-Index, Ha Noi Stock Exchange, the HNX-Index, Ho Chi Minh Stock Exchange, Markets,
Transactions at Bank of Investment and Development of Vietnam (BID). BID lost 1.1 per cent Friday. — VNA/VNS Photo

The VN-Index declined for a second day on Friday, concluding the week at 1,231.66 points, down 0.26 per cent from Thursday.

The market on Friday focused on mid-cap and penny stocks with many in these groups hitting the intra-day limit growth of 7 per cent on the Ho Chi Minh Stock Exchange.

Biggest gainers included real estate firm COMA 18 (CIG), Duc Quan Investment and Development JSC (FTM), FLC Faros Construction (ROS), Thai Duong Petrol (TDG), HDC Investment Producing and Trading (HCD), Lao Cai Minerals Exploitation and Processing (LCM) and Duc Long Gia Lai Group (DLG).

The blue chips were mixed with 12 out the top 30 shares by market value and liquidity on HCM City’s exchange (VN30) declining while 15 increased. Another three were flat.

The financial sector remained the market driver with big gainers being banks or financial firms, such as Vietnam Prosperity Bank (VPB), Hoang Huy Financial Investment Services (TCH), Sacombank (STB) and Military Bank (MBB), which increased by between 0.5 per cent and 2.3 per cent.

According to analysts, the VN-Index is likely to continue struggling in the sessions next week after a long rally. Before Thursday, Viet Nam’s benchmark index had climbed nearly 7 per cent since late March.

Liquidity remained good with nearly 733 million shares traded worth VND18.2 trillion (US$784.5 million shares), up 10.3 per cent in volume and 25.5 per cent in value compared to Thursday.

“The market continues to encounter fluctuations with a sharp divergence following the business results of each company. Overall, the index sustains its short-lived uptrend with the near price target zone at 1,250-1,265 points,” said Tran Xuan Bach, a stock analyst at Bao Viet Securities Co, in Friday’s market report.

However, he said large-cap stocks, especially the leading ones, will increase to support the current movement of the market.

On the Ha Noi Stock Exchange, the HNX-Index maintained its uptrend with a fourth consecutive rising session this week.

The HNX-Index inched up 0.01 per cent to close the trade at 293.79 points. Nearly 1364.5 million shares worth VND2.8 trillion were exchanged on the northern bourse.

Foreign investors were net buyers on the two exchanges, responsible for a combined value of VND2.34 trillion. — VNS

 

News Related

OTHER NEWS

Bull market might continue this week: experts

A Vietcombank employee talks to a customer. The bank shares rose 3.1 per cent last week. — Photo portal.vietcombank.com.vn Viet Nam’s stock market recorded a week-long rally with the benchmark breaking through 1,200… Read more »

Stocks rise for fifth session, VN-Index heads to new highs

A worker on a production line at Vinamilk’s plant. Vinamilk was one of the leading shares yesterday, up 1.68 per cent. — Photo www.vinamilk.com.vn The market closed higher on Friday as many large-cap… Read more »

VN-Index gains nearly 8 points on bank and real estate stocks

The market continued its rally on Friday morning, and was on course for a fifth consecutive gaining session. On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index increased 0.65 per cent, equivalent to 7.94… Read more »

VN-Index surges to above 1,210 points, foreign cash flows reverse

Workers at a Hoa Phat Group factory. The company shares were in the top three stocks influencing the market’s gain yesterday, up 2.63 per cent. — Photo hoaphat.com.vn Viet Nam’s stock market rose… Read more »

Shares edge up, VN-Index back to test 1,200 point-level

The market continued its rally on Thursday morning, helped by gains in large-cap stocks. On the Ho Chi Minh Stock Exchange (HoSE), the benchmark VN-Index rose 19.5 points, equivalent to 1.64 per cent, to 1,120.94… Read more »

Market remains bullish as pillar stocks attract local investors

One of Masan Group’s stalls in a supermarket. The company shares posted the biggest gain in market capitalisation yesterday, up 4.52 per cent. — Photo masangroup.com Stocks extended their rally on Wednesday as… Read more »

Shares rise on large-cap stocks

The market rose on Wednesday morning on blue-chip stocks with the real estate sector continuing to lead the market’s trend. On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index climbed 0.31 per cent to… Read more »

FLC targets over US$47.71 million in pre-tax profit in 2021

FLC Halong Bay Golf Club and Luxury Resort. — Photo flc.vn FLC Group Joint Stock Company expects to achieve more than VND1.1 trillion (US$47.71 million) in pre-tax profit, and over VND15 trillion in… Read more »

VN-Index continues rally but selling pressure persists

The market benchmark VN-Index increased at the beginning of the morning session on the gains of pillar stocks, but the market’s rally was limited by selling pressure. On the Ho Chi Minh Stock Exchange (HoSE),… Read more »

Stocks finish higher while foreign investors continue to flee market

A Vietinbank office during transaction hours. Vietinbank shares rose 2.43 per cent on Monday, contributing the most to the market’s rally. — Photo vietinbank.vn Markets edged higher on Monday as many big stocks… Read more »

Market opens new week on positive note as large-cap stocks rise

Vietnam’s stock market rose on Monday morning, reversing last week’s downward trend on gains in blue-chip stocks. On the Ho Chi Minh Stock Exchange (HoSE), the market benchmark VN-Index climbed 0.43 per cent to 1,167.19… Read more »

Shares forecast to face sharp volatility this week

CMC Corporation workers at its data centre in Ha Noi. Information technology stocks fell the most last week with losers including CMC Corporation (CMG), losing 7.2 per cent. — Photo CMC Vietnamese shares… Read more »

MWG's profit up 18 per cent

A MWG’s store in Thuong Tin District, Ha Noi. — Photo www.thegioididong.com As of February, Mobile World Investment Corporation (MWG)’s net revenue increased 6 per cent year-on-year to more than VND21.7 trillion, with… Read more »

Shares end morning trade on negative note

Shares retreated on Friday morning due to strong selling pressure worrying traders. cafef.vn Shares retreated on Friday morning due to strong selling pressure worrying traders. On the Ho Chi Minh Stock Exchange (HoSE),… Read more »

Shares rebound on bottom purchases

On the Ho Chi Minh Stock Exchange (HoSE), the benchmark VN-Index rose 0.47 per cent to 1,167.32 points. Photo cafef.vn Shares rebounded on Thursday morning as investors sought out stocks that had been… Read more »

Over 1.2 billion SeABank shares listed on HoSE

Nguyen Thi Nga, Vice Chairwoman of the Board of Directors of SeABank, attended the listing ceremony on Wednesday morning. — Photo courtesy of SeABank On Wednesday morning, Southeast Asia Commercial Joint Stock Bank… Read more »

PNJ's profit increases over 11% in the first two months on God of Wealth day

PNJ’s buildings in Center Point Tower, Cau Giay, Ha Noi. — Photo courtesy of PNJ Sales of jewellery at Phu Nhuan Jewelry JSC (PNJ) grew over 39 per cent on the God of… Read more »

Shares fall on poor sentiment

On the Ho Chi Minh Stock Exchange (HoSE), the benchmark VN-Index dropped 2.38 per cent, to 1,155.23 points. Photo cafef.vn Shares extended losses on Wednesday morning due to poor investor sentiment. On the… Read more »

HoSE listed stocks start trading on HNX from March 29

A trader watching stocks on a screen. — Photo doanhnghiepvadautu.net.vn The Ha Noi Stock Exchange (HNX) just announced a trading schedule of four companies transferring from the Ho Chi Minh Stock Exchange (HoSE).… Read more »

Shares correct as large-caps falter

A Vincom Centre developed by Vincom Retail. Shares of Vincom Retail (VRE) lost 1.3 per cent on Tuesday. — Photo courtesy of VRE Viet Nam’s stock market ended on a negative note on… Read more »

Shares lose ground on strong selling force

On the Ho Chi Minh Stock Exchange (HoSE), the benchmark VN-Index dropped 1.03 per cent, to 1,182.08 points. Photo cafef.vn Shares lost ground on Tuesday morning with the VN-Index withdrawing to near 1,180 points.… Read more »

Shares close higher but VN-Index fails to hit 1,200

A factory run by sugar firm Thanh Thanh Cong-Bien Hoa JSC (HoSE: SBT). The company shares soared 2.2 per cent on Monday. — Photo ttcsugar.com.vn Viet Nam’s stock market managed to close higher… Read more »

Companies with exceptional business make good earnings

Workers of Yen Bai Joint Stock Forest Agricultural Products And Foodstuff Company (CAP) make votive paper. Votive paper segment accounts for 50 per cent of CAP’s total revenue. — Photo courtesy of the… Read more »

Analysts see profit-taking as VN-Index hovers around 1,200 points

FPT’s campus in Ha Noi. — Photo fpt-software.com The market experienced a thrilling week as the VN-Index successfully peaked the historic high of 1,200 points after volatile sessions. However, the index fell under… Read more »

Market ends mixed, VN-Index loses points on large-cap stocks

Hoa Phat Group’s warehouse. The gain of 1.18 per cent of the company shares on Friday helped limit the loss of the VN-Index. — Photo hoaphat.com.vn The market benchmark VN-Index finished lower on… Read more »

Huge volume of shares flock to HoSE despite current overload

HoSE’s trading system, which has remained mostly unchanged for the last 20 years, has been overwhelmed after a huge number of new investors began trading in recent months. — Photo tinnhanhchungkhoan.vn Despite chronic… Read more »

VN-Index falls under 1,200 point-level as selling pressure returns

Shares ended their rally on Friday morning with the VN-Index dropping below the historic high of 1,200 points. On the Ho Chi Minh Stock Exchange (HoSE), the benchmark VN-Index shed 0.55 per cent, equivalent to… Read more »

VN-Index inches closer to 1,200-point level

The market was mixed on Thursday morning as the VN-Index continued to rise on bank stocks while the HNX-Index dropped. The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) climbed 9.41 points, equivalent… Read more »

Brokers seek way to borrow from investors with high interest rates

Employees at VNDirect Securities Corporation. By borrowing from investors while they do not use capital to conduct transactions, securities company can quickly ultilise idle money of investors to significantly improve profit margins. —… Read more »

Market reverses course, VN-Index rebounds

Customers at a Vietinbank transaction office. — Photo baochinhphu.vn Viet Nam’s stock market finished higher on Wednesday as a recovery of bank stocks supported the market. On the Ho Chi Minh Stock Exchange… Read more »

VN-Index drops despite bank stocks surging

The market fell on Wednesday morning as the rebound of many big bank stocks could only pare some losses. The VN-Index on the Ho Chi Minh Stock Exchange (HoSE) declined 0.05 per cent to 1,179.26… Read more »

VN-Index down on continued congestion, HNX-Index extends gains

The VN-Index edged down 0.39 per cent to end Tuesday at 1,179.90 points. — Photo vietnamfinance.vn Shares advanced on the Ha Noi Stock Exchange but slipped on HCM City’s bourse on Tuesday, partly… Read more »

Market falls as many large-cap stocks face sell-off

The market was pressured on Tuesday morning as selling pressure persisted on blue-chip stocks. The market benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) fell 0.55 per cent, equivalent to 6.48 points, to… Read more »

Listed banks to pay high dividends

Shareholders of Saigon Hanoi Commercial Joint Stock Bank (SHB) can receive dividend at a rate of up to 20.5 per cent this year. — Photo courtesy of SHB Some listed banks plan to… Read more »

Market continues last week's rally on banking sector

An MBBank employee talks to a customer at its branch. The bank shares climbed 2.3 per cent in Monday’s trade. — Photo mbbank.com.vn Viet Nam’s stock market finished higher on Monday, but foreign… Read more »

VN-Index edges higher in morning session

The market rose slightly on Monday morning as many big stocks faced selling pressure. On the Ho Chi Minh Stock Exchange (HoSE), the market benchmark VN-Index climbed 0.1 per cent to 1,182.73 points. In the… Read more »

VN-Index dips in bumpy trade with divergence among stocks

PetroVietnam Gas (GAS) engineers at a facility. The company shares lost 1.7 per cent on Friday. — VNA/VNS Photo Vietnamese stock markets experienced a choppy trading session on Friday as shares encountered correcting… Read more »

Securities, banking stocks drive market up

On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index rose 0.55 per cent, to 1,176.53 points. — Photo tinnhanhchungkhoan.vn Shares extended gains on Thursday morning thanks to the growth of banking and… Read more »

Foreign investors net buy stocks on HNX in February

Traders watch stock prices in front of trading boards. — VNS/VNA Photo The Ha Noi Stock Exchange (HNX) witnessed a dynamic month in February as foreign investors net bought a value of VND40… Read more »

Shares gain on the back of banking stocks

A customer at a branch of Military Bank (MBB). Shares of MBB rose 2.2 per cent on Wednesday. — Photo courtesy of MBB Vietnamese stock markets ended Wednesday on a positive note, largely… Read more »

Hoa Sen Group sets new steel export record in February

Hoa Sen’s products are loaded for shipping. — Photo hoasengroup.vn Hoa Sen Group (HSG)’s galvanized steel exports set a new record in February despite the Tet holiday. According to a statement on its… Read more »

Shares bounce back on the growth of blue-chips

On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index rose 0.38 per cent, to 1,166,36 points. Photo tinnhanhchungkhoan.vn Shares rebounded on Wednesday morning thanks to the growth of large-cap stocks. On the… Read more »

HNX tests new board for HoSE's stocks

Two traders looks at stock prices in front of a big screen. HNX carried out measures to solve congestion on HoSE. — VNA Photo The Ha Noi Stock Exchange (HNX) is testing a… Read more »

Shares fall on large-cap stocks

On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index lost 0.47 per cent, to 1,162.78 points. Photo tinnhanhchungkhoan.vn Shares retreated on Tuesday morning due to the declines of large-cap stocks. On the… Read more »

Shares cut early gains to end lower as bank stocks decline

A customer carries out a transaction at a branch of Asia Commercial Bank (ACB) in Ha Noi. ACB lost 2 per cent on Monday. — Photo courtesy of ACB Vietnamese shares trimmed early… Read more »

XTB among biggest global brokers

XTB is among the top five biggest brokers in the world, according to Finance Magnates. — Photo Courtesy XTB XTB Group is ranked fifth on the list of largest global brokers in terms… Read more »

Shares gain on the rise of energy stocks

On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index posted a gain of 0.31 per cent, to 1,172.37 points. Photo tinnhanhchungkhoan.vn Shares rose on Monday morning thanks to the gains of stocks… Read more »

Analysts send mixed notes on market trend this week

Analysts from securities firms struggled to figure out the market’s trend this week after last week’s turbulent sessions. — Illustrative Photo With the market experiencing strong volatility last week, analysts from securities firms… Read more »

HCM City Tet consumption slumps

Customers at a super market in HCM City.— VNA/VNS Photo Manh Linh The resurgence of COVID-19 has hit demand for consumer goods and services in HCM City, with revenues in February falling by… Read more »

HoSE considers suspending amendment and cancellation orders while trading

Investors at the Ho Chi Minh Stock Exchange. HoSE said it would listen to all feedback from investors regarding new solutions. — VNA/VNS Photo Hua Chung The Ho Chi Minh Stock Exchange (HoSE)… Read more »