VN-Index opens new week on a negative note

Monday, Apr 10, 2023 21:04

BIDV's transaction office during working hours. The bank's shares plunged more than 2 per cent on Monday, leading the market's downtrend. — Photo

The stock market was mixed yesterday, with the VN-Index extending its bearish trend due to persistent selling pressure.

On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index closed the trading day at 1,065.35 points, a decline of 4.36 points, or 0.41 per cent. It fell for three consecutive sessions.

The market's breadth was negative as 142 stocks increased while 188 stocks slid.

However, liquidity rose sharply over the previous session. The trading value on the southern bourse climbed nearly 40 per cent to VND 15.1 trillion (US$642.2 million), equivalent to a trading volume of nearly 857.5 million shares.

The VN30-Index, tracking the 30 biggest stocks on HoSE, also finished lower at 1,077.41 points, down 1.47 points or 0.14 per cent. Twenty stocks of the VN30 basket decreased, while five stocks advanced and five stayed flat.

Data compiled by a finance website showed that banking and real estate industries continued to dominate the market's general trend. Specifically, BIDV (BID) was the biggest loser, leading the downtrend. BID shares dipped nearly 2.1 per cent yesterday.

It was followed by Vietcombank (VCB) and Vingroup (VIC), with both down 1.1 per cent in market capitalisation.

Also weighing investors' mood, Hoa Phat Group (HPG), PV Gas (GAS), and Vinhomes (VHM) posted great losses, down in a range of 1.68-2.36 per cent.

Losses were capped by gains in some large-cap stocks, with Mobile World Investment Corporation (MWG) being the biggest gainer, up 5.13 per cent. Techcombank (TCB) and Kinh Bac City Development Holding Corporation (KBC) also helped cushion the downtrend as two ticker symbols were up 2.2 per cent and 5.39 per cent, respectively.

Meanwhile, on the Ha Noi Stock Exchange (HNX), the HNX-Index rose 0.4 points, or 0.19 per cent, to end yesterday at 212 points.

Over 161.6 million shares were traded on the northern bourse during the session, worth VND2.2 trillion.

Foreign investors were net sellers on the market after net sold nearly VND290 billion on two main exchanges. Of which, they net sold VND305.22 billion on HoSE, while net buying VND15.29 billion on HNX. — VNS

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