Tiếng Việt
普通话
This week, VN Index slid 2.7%. The gauge declined 26.5% in the year to date as the central bank tightened credit policy to fight against escalating inflation 18.13% this year.
VN Index opened in the red with 1 million shares traded, caution prevailed. Selling pressure was high from the open, but eased somewhat during the trading time as bottom fishers appeared. Sellers seemed to calm, leading to lower trading volume. VN Index closed off the low but also off the high.
Market breadth was broadly negative. Among 307 listed firms on HOSE, losers outweighed gainers by 133-87 and 68 stocks unchanged and the rest untraded. As many as 22 stocks hit ceiling while 66 issues fell to the floor, 5% each side.
Among top 10 market caps, 3 rose (VPL, CTG, EIB), 6 fell (VIC, HAG, VCB, BVH, VNM, and MSN) and 1 unchanged (STB).
Fourth largest listed lender Sacombank (STB), the most active stock with 2.23 million shares changed hands, closed flat at VND15,200.
Tan Tao Investment – Industry Corporation (ITA) shed 4.23% to settle at VND6,800 on a trade of 1.3 million shares, becoming the second largest most active issue.
Ocean Group (OGC) dipped 1.23% to settle at VND8,000 with a trade of 1.1 million shares – the third most active.
VES was the biggest normal loser, giving up 5.88% to end at VND1,600 in excess of the daily limit because of tick-size price ruling). BAS led the upswing with a 8.33% rally, closing at VND1,300.
On the HNX, the benchmark HNX-Index hit its low of all times, as investors continued selling off shares to avert risks amid growing uncertainty and mounting pessimism.
The HNX-Index lost 0.42 points, or 0.72%, to end at 58, the lowest close since it was created in 2005. The market volume was down 30% from a day earlier to 26 million shares valued at VND200 billion, down 38%.
The benchmark slumped nearly 50% in the year to date following a 32% decline last year as the central bank tightened credit policy to fight against inflation. The gauge is heading for a second worst performance in history. In 2008, it sank 68%.
The market breadth was negative on the northern exchange. Among index members, 68 rallied, 167 tumbled, 45 closed unmoved, and 113 were untraded.
Kim Long Securities (KLS), the most active on the measure with 2.65 million shares changed hands, dipped 4.6% to settle at VND8,300.
VNDirect Securities (VND), coming second in liquidity on a trade of 2.2 million units, sank 3.7% to settle at VND7,800 per share.
PetroVietnam Construction (PVX) slipped 1.35% to finish at VND7,300 on a trade of 1.8 million shares – the third most active.