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Stock markets end winning streak

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HCMC – Under selloff pressure, the VN-Index of the Hochiminh Stock Exchange lost ground and closed down 2.01 points at 937.75 today, November 5, ending its four-day winning streak.

At the close, market breadth turned negative as losing stocks outnumbered advancing ones by 276 to 148. The main index fell 0.21% against the session earlier.

There were over 304 million shares worth VND6.4 trillion changing hands, down over 13% in volume and 9% in value from the previous session. Block deals contributed VND926 billion to the total value.

In the VN30 basket, 17 stocks underperformed while seven others gained steam. Consumer goods company MSN was among the key advancers on the southern bourse, closing the day up 4.4%.

Many bank stocks, including VPB, BID, MBB, CTG, TCB and STB, ended the day in negative territory, but the bank group became the volume leader, with lender CTB seeing 19.7 million shares change hands. Some 8.3 million STB shares and 6.8 million MBB shares were exchanged at the close.

Most of the speculative stocks, including electrical equipment firm GEX, property group FLC, steel firm HSG and rubber group GVR, finished the day down.

On the northern bourse, the poor performance of many large-cap stocks sent the HNX-Index down 1.72 points, from the session earlier, at 138.3.

Lender ACB dipped by 2.4%, but led the northern market by liquidity with a matching volume of over 8.5 million shares, while bank stock SHB, securities company SHS and industrial firm VCS lost over 1%.

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