Main index extends losing streak

27-Nov-2019 Intellasia | The Saigon Times | 6:02 AM Print This Post

The southern bourse continued its gloomy trade today, November 25 as the benchmark index ended down 0.15 percent due to strong selling pressure, making it the fourth straight losing session.

With 131 winners and 177 losers, the VN Index of the southern exchange fell 1.43 points to close at 976.35. Trade volume totalled 189.32 million shares worth of VND4.09 trillion, tumbling 17.8 percent in volume and 27 percent in value against the session earlier. Block deals amounted to 41 million shares valued at more than VND1.01 trillion.

The performance of the VN30 basket was quite positive, with 14 stocks advancing and nine others declining.

Consumer goods firm MSN, fuel distributor PLX, insurer BVH and tech firm FPT made gains.

In addition, many bank stocks closed with a slight rise or stood at the reference prices at the end, including lenders TCB and EIB adding 1.08 percent and 2.06%, respectively, thanks to the strong demand at the end of the session.

However, these gains were not strong enough to drive up the market as some pillar stocks and large caps ended the day down. Lenders VCB and BID lost 1.2 percent and 1.24%, respectively.

Property firm VHM, retailer VRE and brewery firm SAB also closed deep in the red on November 25.

Construction firm ROS still led the southern market by liquidity with some 33.2 million shares traded although its price inched down 0.2 percent to VND24.900 per share.

Property developer FLC was hit by strong selloff, closing at an intraday low of VND4,450 per share, down 3.1%. The stock came second for liquidity with over eight million shares changing hands.

On the northern bourse, the HNX-Index bounced back, adding 0.38 point at 103.46 at the close. There were 20.55 million shares worth of VND241.4 billion transacted on November 25.

The gains of some stocks, including lender ACB, insurer PVI and lender MBS, sent the northern index up.

Lender NVB was the most actively traded stock on the northern market, with over three million shares changing hands.

Foreign investors net bought over VND63 billion of shares on the southern market and over VND1 billion of shares on the northern bourse today, November 25.


Category: Stocks, Vietnam

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