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Banking & Finance

November 23: VN-Index loses ground

Released at: 18:10, 23/11/2018 Stock Market Watch

November 23: VN-Index loses ground

Source: TVSI

Index closes down 0.7% amid sales pressure.

by My Van

After successfully reaching the 925-point mark, sales pressure then began to take hold among bluechips and the VN-Index slipped below 920 points on November 23.

Within a 90-minute period, only three codes increased in the VN30-Index - NVL, PNJ and SBT - while 22 fell.

The HNX-Index fluctuated at different times. VCG was the focus of attention this morning after two more auctions and supported the Index.

The VN-Index finished the day down 6.45 points (0.7 per cent) to 917.97 points, with BVH and VIC stemming the tide towards the end of trade.

The HNX-Index lost 0.28 per cent to 104.27 points and the UPCoM-Index 0.3 points (0.57 per cent) to 51.86 points.

Market liquidity was low, with a matching order value of just VND3.5 trillion ($149.2 million). Foreigners, though, were net buyers after nine consecutive sessions of net selling, by VND120 billion ($5.1 million).

Leading sectors such as securities, banking, real estate, oil and gas, and steel all fell, with HSG losing VND6,950 ($0.29).

VHC, CMX, ACL and ABT maintained their upward momentum.

On HSX, foreigners were net buyers of 3.19 million shares worth VND114.5 billion ($4.8 million) and net sellers for the fifth consecutive day on HNX, by VND504 million ($24,490).

The net-bought 330,000 shares on UPCoM worth VND10.6 billion ($452,000).

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