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Tuesday,  Apr 24,2018,00:21 (GMT+7)

VN-Index sheds over 31 points

Phuong Thao
Thursday,  Apr 12,2018,22:57 (GMT+7)
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VN-Index sheds over 31 points

Phuong Thao

HCMC – Stocks took a nosedive on April 12 as investors flocked to take profit, with selling pressure especially high at banking and real estate stocks. The VN-Index marked the biggest single-day point drop in two months, slashing a massive 31.01 points, or 2.59%, from the session earlier at 1,167.11.

Market breadth turned negative as there were 219 falling stocks versus 77 others advancing. Turnover on the HCMC market was equivalent to the previous day with 286 million shares worth VND9.3 trillion traded.

All eight listed banks closed with losses, with VCB making the worst performance for tumbling 4.4% at VND71,200 a share. BID fell 2.2% at VND44,500 per share while STB dropped 3.4% at VND15,650 a share on volume of nearly 16.6 million shares.

For the property sector, leading firm VIC slid 3.8% at VND126,000 per share with 3.2 million shares exchanged. ROS slumped 6.9% at VND107,200 per share on volume of two million shares and DXG declined 5.7% at VND23,100 a share.

Some realty firms went against the flow, with KDH, NVT and HU1 rising from 2.1% to 4.6% each. NVL made some rises before closing the day at the reference level of VND72,500 per share.

Among 10 leading stocks for market capitalization, brewery firm SAB was the only stock moving sideways. Dairy firm VNM fell a slight 0.5% while the remaining firms lost between 2% and 6% each.

Given 64 gainers and 111 losers, the HNX-Index closed at the intraday low, losing 2.94 points, or 2.15%, at 133.74. There were 74.2 million shares worth VND1.3 trillion exchanged, up 11.4% and 20.8% respectively.

For the top 10 heavyweights, only petroleum stock PVS gained 1.4% at VND20,900 a share. Meanwhile, industrial firm VCS and construction firm DL1 closed at the reference prices.

The remaining stocks in this group dropped strongly. ACB lost nearly 3.4% at VND48,800 per share on matching volume of 6.4 million shares while insurance company PVI dipped 1.2% at VND38,500 per share.

Among securities firm, MBS plunged to the floor price of VND19,800 a share. SHS slumped 5.2% at VND21,800 per share and VIX tumbled 2.4% at VND8,000 a share.

Foreigners turned active net sellers, net offloading 4.3 million shares worth VND290 billion on the southern bourse. Notably, they net sold VND235 billion worth of VIC shares and VND76.9 billion worth of shares of low-cost carrier VJC.

The investors net bought 4.9 million shares worth VND111.3 billion on the northern exchange, focusing on shares of lender SHB.

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