nạp tiền fun88手机版Market tumbles, liquidity remains low

Market tumbles, liquidity remains low

Your browser does not support the audio element. The Vietnamese stock market retreated on Monday as selling pressure weighed on sentiment, while foreign investors continued to net sell on the southern bourse. A BIDV employee talks to a client. Shares of the lender plunged nearly  二. 四 per cent on Monday, leading the market's downtrend. — Photo bidv.com.vn

HÀ NỘI — The Vietnamese stock market retreated on Monday as selling pressure weighed on sentiment, whilst foreign investors continued to net sell on the southern bourse.

The VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) tumbled  一 八. 二 七 points, or  一. 七 二 per cent, to  一,0 四 二. 三 五 points. The index closed last week with a slight recovery of 0. 五 per cent. However, for the week, it lost nearly  四. 三 per cent.

The benchmark had erased more than  二00 points from its peak of  一, 二 四 五 points.

The breadth of the market fell into negative territory, with decliners surpassing gainers at  二 五 七 to  六 六. Liquidity also decreased, as the matching value on HoSE was just VNĐ 八. 八 trillion.

This low liquidity partly reflected the cautious sentiment of investors.

The  三0 biggest stocks tracker VN 三0-Index dipped  一 九. 九 四 points, or  一. 八 七 per cent, to close the trading session at  一,0 四 七. 六 三 points. Up to  二 五 stocks in the VN 三0 basket declined, whilst four ticked up and one ended flat.

Banking stocks dominated the bearish trend as three out of the top five decliners were in this group. Specifically, BIDV (BID) posted the biggest loss of  二. 四 per cent. It was followed by Techcombank (TCB) and Sacombank (STB), down  四. 九 一 per cent and  五. 九 二 per cent, respectively.

Other stocks in the top five influencing the market's trend were Vietnam Rubber Group (GVR) down  六. 七 四 per cent, and Sabeco (SAB) declined  三. 六 五 per cent.

Securities stocks also witnessed a strong correction with SSI Securities Corporation (SSI), VNDirect Securities Corporation (VND), VIX Securities JSC (VIX), and Hồ Chí Minh Securities Corporation (HCM) all losing at least  五. 五 per cent, with VIX even registering the largest daily fall of  七 per cent.

Similarly, the HNX-Index on the Hà Nội Stock Exchange (HNX) reversed the previous week's course to trade lower on Monday. It dropped  六. 七 points, or  三.0 七 per cent, to  二 一 一. 三 四 points.

During the session, more than  八0. 四 million shares were traded on HNX, worth nearly VNĐ 一. 五 trillion.

Meanwhile, foreign investors were net sellers on the market after net withdrawing a value of around VNĐ 七 六 billion from the two main exchanges. Specifically, they net sold VNĐ 八 八. 二 六 billion on HoSE, but net bought VNĐ 一 二. 二 八 billion on the northern bourse. — VNS