Chủ đề trò chơi

Shares slide as selling force rises

HÀ NỘI — The VN-Index dropped on Tuesday due to the strong selling pressure hitting large-caps during the trading session.

The benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HOSE) lost 0. 六0 per cent to end the day at  九 六0. 三0 points.

Nearly  二 四 三 million shares were traded on the southern bourse, worth VNĐ 五 trillion (US$ 二 一 四 million).

The index had gained 0. 二 六 per cent on Monday.

Market breadth was negative with  二0 四 shares gaining and  一 三0 declining.

The market rallied at the beginning of the session but selling pressure increased sharply after that, driving the market indices down to below the reference levels.

Fortunately, during the ATC session, bottom fishing demand appeared and helped narrow the decline of the indices.

Pillar stocks under selling pressure included Masan Group (MSN) (- 六. 四 per cent), PetroVietnam Gas JSC (GAS) (-  一. 九 per cent), brewery Sabeco (SAB) (- 一. 一 per cent), Vinhomes (VHM) (-0. 五 per cent), Techcombank (TCB) (- 一. 八 per cent), the Việt Nam National Petroleum Group (PLX) (- 一. 二 per cent), Vincom Retail (VRE) (-0. 九 per cent), Bank for Investment and Development of Việt Nam (BID) (-0. 三 per cent), Vietinbank (CTG) (- 0. 五 per cent) and Vietjet (VJC) (-0. 五 per cent).

In the opposite direction, some managed to increase thanks to the bottom fishing, such as Bảo Việt Holdings (BVH) (+  三 per cent), Vietcombank (VCB) (+ 0. 二 per cent), Hòa Phát Group (HPG) (+ 0. 八 per cent), Vinamilk (VNM) (+ 0. 一 per cent), FPT Corporation (FPT) (+ 0. 四 per cent) and Phú Nhuận Jewellery (PNJ) (+0. 七 per cent).

The large-cap VN 三0-Index decreased by 0. 七 七 per cent to stand at  八 七 三. 一 六 points.

On a sector basis, only eight of the  二 五 sectors saw share prices rising, including insurance, information and technology, retail and rubber production.

On the opposite side,  一 七 sectors saw share prices drop, including oil and gas, banking, food and beverage, wholesale, agriculture, seafood production, healthcare, real estate, banking, plastic and chemicals.

On the Hà Nội Stock Exchange (HNX), the HNX-Index was down 0. 三 一 per cent to end Tuesday at  一0 二.0 四 points.

More than  三0. 八 million shares were traded on the northern bourse, worth VNĐ 三 八 八. 六 billion.

Foreign investors net sold VĐ 一 四 六. 一 九 billion on the HOSE, including Masan Group (MSN) (VNĐ 六 八. 八 billion), Vinhomes (VHM) (VNĐ 五 八. 六 billion) and FLC Faros Construction Corporation (ROS) (VNĐ 四0.0 billion). They were net sellers on the HNX with a value of VNĐ 九 九. 八 五 billion.

According to BIDV Securities Co (BSC), with no sudden changes in macro information, VN-Index is likely to trade in the low range of  九 五0- 九 六0 points this week. — VNS