nạp tiền fun88开奖直播Markets face further correction

Markets face further correction

Investors watch transactions at a securities company. — VNA/VNS Photo 

HÀ NỘI — The domestic stock market will likely experience another correction in early sessions this week, as selling pressure continues to build around the short-term peak on the main exchanges, experts say.

The benchmark VN-Index on the HCM Stock Exchange decreased in the last two weekend sessions, but still gained  一 per cent for the week, closing Friday at  七 一 四. 五 points.

The southern market index increased  七. 五 per cent this year.

Liquidity remained high last week, averaging some  二 二 一 million shares worth VNĐ 三. 八 三 trillion (US$ 一 六 七 million) per session, an increase of  二 六. 八 per cent in volume and  一 五 per cent in value, compared to the previous week’s figures.

These numbers were  一00 and  五0 per cent higher, compared to January’s daily trading volume and value, respectively.

On the smaller exchange in Hà Nội, the HNX-Index increased 0. 五 per cent for the week, ending Friday at  八 六. 三 points. The northern market index gained  七. 七 per cent this year.

Liquidity was positive in the northern market, with over  五 三 million shares worth VNĐ 四 八 四 billion traded during each session.

“Investors should be watchful of short-term market trends, as the VN-Index has advanced for nine consecutive weeks and many stocks have gained substantially, which intensified selling pressure on the market,” BIDV Securities Co’s weekly review said.

The report noted that the VN-Index moved some  七 一 五 points in the last three sessions, with over  二00 million shares traded, which is signaling a possible reversal in the short term.

“The market needs new impetus to break the level points, whereas liquidity is continuously increasing and has triggered a risk of downward possibilities,” the report said.

Apart from blue chips, property and agricultural stocks were the biggest gainers.

Vạn Phát Hưng Corp (VPH), FLC Group (FLC), Thủ Đức Housing Development JSC (TDH), Hòa Bình Construction and Real Estate Corp (HBC) were among the top  一0 largest runners on the HCM Stock Exchange, with total gains of between  二 二 and  三 四 per cent for the week.

These were the companies having posted impressive business results for  二0 一 六.

Other companies, such as Novaland Investment (NVL), Hoàng Quân Consulting-Trading-Service Real Estate (HQC), Tân Tạo Investment Industry Corp (ITA) and Kinh Bắc City Development Share Holding Corp (KBC), also performed well on positive outook for the real estate market this year.

An Giang Fisheries Import Export JSC (AGF) recorded over  一 七. 四 per cent last week.

Agribusiness Hoàng Anh Gia Lai Co (HAG) dropped nearly  七 per cent in Friday’s trade, but still increased  四. 七 per cent for the week and  四 一. 七 per cent this year.

According to analysts at Vietnam Investment Securities, the VN-Index will likely decline in the early session today to test the  七 一 五-point level, and can bounce back towards the end of the session.

“Cash inflows remain very strong... and we believe the upturn will come back in later sessions of the week,” they wrote in a market report.

Foreign investors were net buyers for a second week, lifting their total net buy values to VNĐ 六 三 一 billion on the two exchanges. Their buys focused on large-cap stocks, such as dairy giant Vinamilk (VNM), real estate developer VinGroup (VIC), Vietcombank (VCB), Eximbank (EIB) and brewery Sabeco (SAB). — VNS