23:31 (GMT +7) - Friday 16/11/2018

Banking & Finance

November 9: All indexes take hit

Released at: 16:51, 09/11/2018 Stock Market Watch

November 9: All indexes take hit

Source: TVSI

VN-Index down 1.29% as regional markets stumble.

by Hai My

Late morning and afternoon trade were quite negative on November 9, with continued declines in regional markets significantly affecting investor sentiment and resulting in strong selling pressure.

At the close of trade, the VN-Index had lost 11.99 points (1.29 per cent) to 914.29 points, the HNX-Index 1.53 points (1.46 per cent) to 103.01 points, and the UPCoM-Index 0.46 points (0.89 per cent) to 51.55 points. 

Liquidity was still low, however, with a total matching value of over VND3.3 trillion ($141.6 million), with investors unwilling to buy and raise prices.

The number of losers across the market totaled 322 stocks, against 179 that increased.

Foreign investors were net buyers by VND150 billion ($6.4 million) overall; their fifth day of net buying in a row.

GAS, PVS, PVD and PVB as well as banking stocks ACB, BID, CTG, MBB, HCM, VCB and VCI were under selling pressure. Conversely, VHM and BVH did quite well and stemmed the tide.

Negativity appeared at the end of the morning session. Asian stock markets such as Japan, China, Hong Kong and South Korea all fell sharply, with local investors taking note.

The VN-Index lost 6.91 points (0.75 per cent) to 919.37 points in the morning session, the HNX-Index 0.85 points (0.81 per cent) to 103.69 points, and the UPCoM-Index 0.21 points (0.41 per cent) to 51.79 points. Market liquidity was low, with a matching order value of VND1.6 trillion ($68.6 million).

User comment (0)

Send comment