An investor watches trading at the Tan Viet Securities Co.’s trading floor. (Photo: VNA)The benchmark VN Index lost 10 points in earlymorning trading following reports that the US had dropped a massive non-nuclearbomb on ISIS targets in Afghanistan.
The southern market recovered in the afternoon,though it closed 0.81 percent down at 718.45 points.
The southern index has lost 1.8 percent in thelast three sessions.
On the Hanoi Stock Exchange, the HNX-Index wasdown 0.43 percent to close at 89.64 points. It was up 0.13 percent on April 13.
Tensions between the United States and Russiaover Syria and between the US and the Democratic People’s Republic of Koreahave fueled investors’ fears of negative impacts on local stock markets.
Roughly 60 percent of the shares on the HCM Stock Exchange slumped, with onlyfive of the top 30 companies by market value and liquidity advancing.
April 14’s slump “was mainly driven byinvestors’ anxiety over the global instability as well as military risks,”analysts at BIDV Securities Co (BSC) wrote in a note.
Major shares like Vinamilk (VNM), Vietcombank(VCB), Vietinbank (CTG), Bao Viet Holdings (BVH), Vietjet Air (VJC), MasanGroup (MSN) and PV Gas (GAS) all declined.
Growth of bargain buying in the afternoon tradecushioned the market, with the recovery of speculative stocks like real estateand construction.
Gainers included FLC Group (FLC), Tan TaoInvestment Industry (ITA), Hoang Quan Consulting Trading Service Real Estate(HQC), Dream House Investment (DHR), Cuu Long Petro Urban Development &Investment (CCL), Khang An Investment Real Estate (KAC) and Long GiangInvestment & Urban Development (LGL).
BSC’s analysts predicted the market was likelyto rebound early next week and trade around 720 points when investors becomemore positive.
Trading volume increased slightly to 255.3million shares on the two exchanges, the value of trades decreased 8.5 percent,totaling 4.3 trillion VND (188.6 million USD).
Foreign investors went against local investors’movements in picking up shares worth 53 billion VND in the two markets,extending their buying streak to five consecutive sessions. -VNA
