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Shares continue losses on selling forces
Shares extended losses on Wednesday as the state of profit-taking from the previous session still asserted and restrained indices’ development.
A driver in Ha Noi fills up a motorbike at a petrol station of Viet Nam National Petroleum Group (PLX). PLX lost 1.4 per cent on Wednesday. — VNA/VNS Photo
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On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index lost by 0.51 per cent, to close at 1,060.44 points.
“After struggling around 1,065 points, VN-Index dropped at the end of the session and closed at 1,060.44 points, a fall of 5.47 points compared to yesterday,” said BIDV Securities Co.
“Market breadth skewed to the negative side. Regarding the transactions of foreign investors, today they were net buyers on both HoSe and HNX. In the coming sessions, VN-Index is likely to continue to experience struggling sessions in the range of 1,055-1,065 points,” it said.
The breadth of the market was negative with 141 gainers and 246 losers. The matching value on the southern bourse reached VND13.3 trillion (US$567.1 million), equal to a trading volume of more than 836.8 million shares.
The VN30-Index posted a fall of 0.7 per cent, to 1,062.10 points. Of the VN30 basket, 23 out of the 30 biggest stocks in market capitalisation on HoSE inched down, while 6 ticker symbols gained and one was flat.
The VN-Index's upward trend was restrained by the profit-taking activities of investors.
The stock groups putting the worst impact on VN-Index were banking and securities, including Techcombank (TCB), Tien Phong Bank (TPB), Sacombank (STB), VPBank (VPB), Military Bank (MBB), VNDirect Securities Corporation (VND), Saigon-Hanoi Securities JSC (SHS), Viet Capital Incorporation (VCI), Agribank Securities Corporation (AGR), APG Securities Joint Stock Company (APG).
Oil and gas stocks also performed poorly such as Viet Nam National Petroleum Group (PLX), PetroVietnam Technical Services Corporation (PVS), PetroVietnam Drilling and Well Services Corporation (PVD) and Drilling Mud Joint Stock Corporation (PVC).
The HNX-Index on the Ha Noi Stock Exchange (HNX) ended the trading day at 212.86 points, a drop of 0.82 per cent.
Foreign investors net bought VND102.76 billion on HOSE, including Hoa Phat Group (HPG) with VND215.43 billion, Vinhomes (VHM) with VND74.53 billion, PVPower (POW) with VND34.29 billion. They were net buyers on HNX with the value of VND13.6 billion.
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