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Banking & Finance

July 11: VN-Index loses ground

Released at: 19:24, 11/07/2018 Stock Market Watch

July 11: VN-Index loses ground

Source: TVSI

Losses all round as VN-Index closes down 1.97%.

by My Van

Sales pressure continued to increase towards the end of trade on Vietnam’s stock market on July 11, especially in banking and securities, with many stocks hitting their floor, such as TCB, VPB, and HCM. Likewise with real estate and construction, as HBC hit its floor.

The VN-Index fell 18 points (1.97 per cent) to close at 893.16 points, with VIC reversing a decline and curbing losses. The HNX-Index and the UPCoM-Index shed 3.29 per cent and 1.39 per cent, respectively.

Market liquidity improved, with matched value at VND3.7 trillion ($160.5 million). Foreign investors bought more than VND100 billion ($4.3 million).

Reversing the trend and closing higher were VHC, HNG, FRT, PVT and VGC.

After six consecutive net-selling sessions on HSX, foreigners were net buyers by 3.29 million shares worth VND69.21 billion ($3 million). DXG was the most active, with net buying of VND37 billion ($1.6 million), followed by E1VFVN30, GAS, DHG and VRE.

SSI headed the net-sold list, with VND24.9 billion ($1.08 million), followed by MSN (VND21.44 billion ($930,420)) and BID (VND19.14 billion ($843,635)).

Foreign investors were net buyers on HNX for the third day in a row, with 2.09 million shares worth VND24.83 billion ($1.07 million).

VGC was net bought by VND12.12 billion ($525,965) and closed higher after many days of declines.

PVI topped the net-sold list with VND7.83 billion ($339,800).

On UPCoM, foreigners also returned to net buying, by 412,000 shares worth VND13.06 billion ($566,640).

HVN was net bought by VND6.4 billion ($262,060), followed by LTG (VND3.9 billion ($169,210)), POW, and QNS.

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