Tiếng Việt
普通话
Saigon Hanoi Securities JSC (SHS) predicted that the VN-Index may seesaw between 980 and 985 points. However, investors should keep observing changes and be in no rush to disburse funds.
Baoviet Securities JSC (BVS), meanwhile, said the main index on the southern bourse may fluctuate between 965 and 980 during early sessions of the week, but stocks are expected to gain further recovery at weekend to reach stronger resistance levels at 986-992 points.
After the restructuring of investment portfolios in the VN30 basket reaches completion, stocks in this basket may gain more stable growth. Some stocks such as steelmaker HPG, animal feed firm MSN, technology firm FPT, and dairy giant VNM are to maintain positive growth and may become top contributors for growth on the market.
Last week, investors’ sentiment seemed weary after the holiday since the VN-Index and HNX-Index on the Hanoi Stock Exchange both ended in the red.
Also, strong selling pressure on fuel stocks and three stocks of VinGroup, along with poor performance of insurer BVH, sent the VN-Index on May 3 down to 974 at the close, losing 4.36 points, or 0.45%. The HCMC market saw 112 gainers and 170 losers.
There were over 148 million shares changing hands, worth VND3.3 trillion, both down some 2% against the previous session, with more than 20 million shares traded in block deals.
The insurer BVH was the biggest drag on the maret for the second straight day after hitting its trading floor on the previous session, down 6.9% at VND76,700.
Property firm VIC dropped by 1% at VND112,500 while its affiliate VHM fell by 1.1% at the intraday low of VND90,400. Retailer VRE inched down by 1% at VND36,100.
As for fuel and gas stocks, gas firm GAS, oil drilling company PVD, and fuel distributor PLX all lost over 1%, while petroleum firm PXS dropped by nearly 3%.
Meanwhile, the HNX-Index dipped 0.13 point, or 0.12%, to 106.87, with 26 million shares exchanged, worth over VND250 billion. More than two million shares were traded in block deals on the northern bourse, making up VND45 billion of the total value.
Similar to the HCMC market, the group of fuel and gas stocks partially sent the HNX-Index down as well, including PVS, PVI, PVB.
Other bluechips contributed to the loss when many stocks, which are among the ten biggest caps on the Hanoi market, ended losing, such as lender SHB, construction firm VCG, and industrial firm VCS.
One on the upside was the lender ACB that closed the session up 1% at VND30,000, with over 1.1 million shares changing hands.
Besides, petroleum technical service firm PVS led the northern market by liquidity with 2.52 million shares transacted, following by the lender SHB, construction firm MST.