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Banking & Finance

November 26: VN-Index loses ground

Released at: 14:01, 26/11/2018 Stock Market Watch

November 26: VN-Index loses ground

Source: TVSI

Investors cautious amid unpredictable movements.

by My Van

The stock market opened the new week with slow movements on November 26. The lack of support information and unpredictable developments are making investors become more cautious.

At 10am, the VN-Index had fallen 2.22 points (0.24 per cent) to 915.75 points, the HNX-Index 0.25 per cent to 104.01 points, and the UPCoM-Index 0.01 per cent to 51.86 points.

Market liquidity was low, with a total matching value of just VND550 billion ($23.5 million). Foreigners were net buyers, but only slightly.

Except for garments (TCM, TNG, and GIL), there were positive movements in most sectors, such as securities, banking, real estate, and oil and gas.

Among bluechips, VHM, MWG, HPG and MSN rose, but gains were weak.

At the close of the morning session, the VN-Index was down 0.64 points (0.07 per cent) to 917.33 points and the HNX-Index 0.43 points (0.41 per cent) to 103.84 points, while the UPCoM-Index increased 0.11 points (0.21 per cent) to 51.98 points.

Total order matching value was only VND1.4 trillion ($60.01 million), of which VND1.03 trillion ($44.15 million) came from HSX.

VNM was the most active stock, rising VND3,000 ($0.12) to VND120,900 ($5.18).

Sectors such as securities, real estate, banking, and oil and gas saw slow trade.

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