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link vào fun88开户Shares slow on investor caution


Shares slow on investor caution

An investor checks share prices on MB Securities Co’s trading floor. — VNS Photo Truong Vị

HÀ NỘI — Shares grew at a slower pace yesterday on the two stock exchanges as investors displayed caution ahead of the annual shareholder meetings of big companies this month.

The benchmark VN-Index on the HCM Stock Exchange edged up 0. 三 per cent to close at  七 二 九. 九 points. The southern market index increased 0. 七 last Friday and has expanded  九. 七 per cent this year.

On the Hà Nội Stock Exchange, the HNX-Index also inched up 0. 三 per cent to end at  九0. 四 points. The northern market index has expanded nearly  一 三 per cent this year.

Liquidity decreased with a total of  二 二0. 七 million shares worth a combined VNĐ 四. 四 trillion (US$ 一 九 二 million) traded in the two markets, down  一 四. 八 per cent in volume and  一0. 二 per cent in valued compared to the daily average volume and value recorded last week.

According to analysts at Bảo Việt Securities Co, the rally of indices was still supported by some large-cap stocks, while cash flows have yet to reach a necessary level, which could make the market volatile.

Banks and other financial firms such as Vietcombank (VCB), BIDV (BID), Vietinbank (CTG), Military Bank (MBB), Asia Co妹妹ercial Bank (ACB) and private equity firm Masan Group (MSN) all declined.

On the other side of the fence, securities companies rose strongly, including Saigon Securities Inc (SSI), VNDirect Securities Co (VND), Sài Gòn-Hà Nội Securities Co (SHS) and BIDV Securities Inc (BSI) with gains of between  三 and  九 per cent each.

Some major shares, such as insurer Bảo Việt Holdings (BVH), real estate giant VinGroup (VIC), Vietjet Air (VJC), steelmaker Hòa Phát Group (HPG) and brewery Habeco (BHN) also climbed and supported the market.

“Investors should avoid aggressive buying when the index has surpassed peaks and wait for clearer signals,” Trần Hải Yến, an analyst at Bảo Việt Securities Co, wrote in a note.

Major companies -  Vinamilk, Vietcombank, BIDV, Saigon Securities Inc, VinGroup (VIC) and Vietjet (VJC) - will hold their annual meetings this month and information surrounding these meetings is likely to have an impact on investor psychology.

BIDV Securities Co’s analysts have warned the market could see a correction if the released earnings reports at these meetings fail to meet investor expectations. — VNS

Shares slow on investor caution

Shares slow on investor caution


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