Investors at ACB Securities Company (Photo: VNA)Hanoi (VNA) - Vietnam’s benchmark VN Index retreatedfrom a two-day increase as large-cap stocks were brought down by profit-takingpressure.
The VN Index on the HCM Stock Exchange fell 0.31 percent toclose at 771.50 points. It gained 1.8 percent total over the previous twosessions.
More than 202.3 million shares worth a total of 3.58 trillionVND (159 million USD) were traded on the southern bourse.
The southern exchange was pulled down by profit-taking pressurein large-cap stocks, which saw their prices advance in the previous sessions.
In the VN30 Index, which tracks the performance of 30 largestcompanies by market capitalisation, decliners outnumbered gainers by 22 toseven. Declining stocks fell down between 0.1 percent and 2.8 percent.
The stock market on July 27 had a correction after it hadgained for two consecutive sessions, BIDV Securities (BSC) wrote in its dailyreport.
The market saw its trading liquidity slightly decrease from July26, and the correction made most large-cap stocks in the steel, energy andbanking industries fall, as investors withdrew their money from those sectors,BSC said.
The stock market in the next session will move within anarrow margin, the brokerage said, adding that money will flow in and outlarge-cap stocks on their high liquidity and security, as investors will becautious with their investments until the market trend becomes clearer.
“The VN Index will test the level of 780 points in comingsessions.”
The worst decliners on July 27 included PetroVietnam Gas(GAS), Sacombank (STB), steel producer Hoa Phat Group (HPG) and DHGPharmaceutical Co (DHG).
GAS and HPG dropped 1.1 percent each. GAS had increased bytotal 2.9 percent in the previous two days while HPG had jumped 4.4 percent inthe previous three days.
The two other stocks - STB and DHG - lost 1.2 percent and 1.5percent, respectively, after they had rallied 9.4 percent and 3.3 percent inthe previous three sessions.
Among other declining stocks were Sai Gon Securities Inc(SSI), property developer Vingroup (VIC), Vietinbank (CTG) andinsurance-finance group Boo Viet Holdings (BVH).
On the positive side, the HNX Index on the Hanoi StockExchange extended its gain for a third day, rising 0.20 percent to end at 99.63points. It has totaled a three-day rally of 2.8 percent.
Market trading liquidity on the northern bourse also declinedfrom Wednesday. More than 67.9 million shares were traded on the Hanoi market,worth 568.5 billion VND.-VNA
The VN Index on the HCM Stock Exchange fell 0.31 percent toclose at 771.50 points. It gained 1.8 percent total over the previous twosessions.
More than 202.3 million shares worth a total of 3.58 trillionVND (159 million USD) were traded on the southern bourse.
The southern exchange was pulled down by profit-taking pressurein large-cap stocks, which saw their prices advance in the previous sessions.
In the VN30 Index, which tracks the performance of 30 largestcompanies by market capitalisation, decliners outnumbered gainers by 22 toseven. Declining stocks fell down between 0.1 percent and 2.8 percent.
The stock market on July 27 had a correction after it hadgained for two consecutive sessions, BIDV Securities (BSC) wrote in its dailyreport.
The market saw its trading liquidity slightly decrease from July26, and the correction made most large-cap stocks in the steel, energy andbanking industries fall, as investors withdrew their money from those sectors,BSC said.
The stock market in the next session will move within anarrow margin, the brokerage said, adding that money will flow in and outlarge-cap stocks on their high liquidity and security, as investors will becautious with their investments until the market trend becomes clearer.
“The VN Index will test the level of 780 points in comingsessions.”
The worst decliners on July 27 included PetroVietnam Gas(GAS), Sacombank (STB), steel producer Hoa Phat Group (HPG) and DHGPharmaceutical Co (DHG).
GAS and HPG dropped 1.1 percent each. GAS had increased bytotal 2.9 percent in the previous two days while HPG had jumped 4.4 percent inthe previous three days.
The two other stocks - STB and DHG - lost 1.2 percent and 1.5percent, respectively, after they had rallied 9.4 percent and 3.3 percent inthe previous three sessions.
Among other declining stocks were Sai Gon Securities Inc(SSI), property developer Vingroup (VIC), Vietinbank (CTG) andinsurance-finance group Boo Viet Holdings (BVH).
On the positive side, the HNX Index on the Hanoi StockExchange extended its gain for a third day, rising 0.20 percent to end at 99.63points. It has totaled a three-day rally of 2.8 percent.
Market trading liquidity on the northern bourse also declinedfrom Wednesday. More than 67.9 million shares were traded on the Hanoi market,worth 568.5 billion VND.-VNA
VNA
