?May 2: Selling pressure soared to the red covering the whole market

04-May-2018 Intellasia | VN Economic Times | 6:00 AM Print This Post

The trading value of the whole market was quite low today.

The first trading session after the holidays weren’t very positive as the selling pressure soared to the red covering the whole market.

The VN Index fell by 21.18 points (2.02 per cent) to 1,029.08 points, the HNX-Index decreased by 1.67 points (1.36 per cent) to 120.97 points and the UPCoM-Index decreased by 0.71 points (1.25 per cent) to 55.86 points.

The trading value of the whole market was low at VND6.2 trillion ($272.36 million), indicating that investors are very cautious given the current trends.

GAS, PVD, and HSG along with PVS, HVG, HAG, NKG, ASM, CEO, DXG and especially BID, BID, and CTG hit the floor.

VIC had a drop of VND6,000 ($0.26) due to strong selling pressure from foreign investors but at the end of the trading day, this stock recovered quite well and only decreased by VND1,000 ($0.04) in the end.

In addition, a series of large cap stocks such as BVH, DHG, STB, VCB, VJC, VPB, NVL, ROS, as well as the securities stocks of HCM, SSI, and VND decreased sharply.

Notable highlights in today’s session were when TCH and PLX hit the ceiling while others were decreasing. The retail group PNJ, MWG, and FRT also traded well and were not affected too much by the market. Even FRT closed with the highest price of VND168,000 ($7.38).

On the HSX, foreign investors continued to net sell strongly with 4.63 million shares worth VND359.16 billion ($15.77 million).

On the HNX, foreigners were net buyers with slight net buying worth VND6.06 billion ($266,209).

On UPCoM, foreigners were net sellers of 1.7mn shares worth VND27.64 billion ($1.2 million).

http://vneconomictimes.com/article/banking-finance/may-2-selling-pressure-soared-to-the-red-covering-the-whole-market

 


Category: Stocks, Vietnam

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