VN-Index extends losses as selling force persists

Tuesday, Mar 15, 2022 12:22

The market was mixed on Tuesday morning, with the VN-Index continuing its downtrend due to persistent selling pressure.

On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index lost 4.7 points, or 0.32 per cent, to 1,441.55 points.

The market breadth was still negative with more stocks declining, while liquidity on the bourse decreased by over 17 per cent compared to the previous session. Of which over 386.1 million shares were traded in the morning trade, worth nearly VND12.3 trillion (US$535.2 million).

Foreign investors continued to be net sellers after selling a net value of around VND150 billion on HoSE this morning.

The market benchmark extended losses as selling force still weighed on many large-cap stocks. The VN30-Index, which tracks the 30 biggest stocks on HoSE, slid by 2.51 points, or 0.17 per cent, to 1,458.59 points.

Of the VN30 basket, 15 stocks increased, while 14 decreased and one stayed unchanged.

In the top five stocks influencing the downtrend, Vietcombank (VCB) posted the biggest loss this morning, down nearly 2 per cent. It was followed by Vinhomes (VHM), PV Gas (GAS), Novaland (NVL) and Sabeco (SAB), all with a fall of at least 1.07 per cent.

The index pared some losses thanked gains in some pillar stocks, including Vietinbank (CTG), Development Investment Construction JSC (DIG), and VPBank (VPB).

Meanwhile, the HNX-Index on the Ha Noi Stock Exchange (HNX) edged higher this morning, claiming back some of yesterday's losses.

Accordingly, the index was up 0.66 points, or 0.15 per cent, to 437.23 points.

It fell by 5.63 points yesterday. VNS

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