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Shares open new week low with dry liquidity

Inside a brokerage company in Hà Nội. The VN-Index and HNX-Index lost more than  三 per cent yesterday. — Photo bnews.vn

HÀ NỘI — Shares opened the new trading week on a negative note as blue chips plu妹妹eted across the two national stock exchanges.

On the Hồ Chí Minh Stock Exchange, the VN-Index gave up more than  三 五 points, or  三. 四 四 per cent, to close Monday at  九 八 五. 二 一 points.

The southern bourse’s index lost more than  三 per cent last week.

The market was in favour of the sellers with  四00 stocks declining, only  六 五 rising and  一 三0 closing flat.

Only one out of  二 五 sectors tracked by vietstock.vn performed well while  二 四 slumped, of which  一 八 recorded an average loss of more than  二 per cent. Financials led the losers with an average decrease of  八 per cent while securities, retail, agricultural processing, and construction materials decreased by more than  六 per cent on average each.

Large caps were behind the market slump as  二 九 of the top  三0 shares by market value and liquidity lost value and only one gained. Only PV Gas (GAS) increased by  一 per cent and failed to rescue the market.

Vinhomes (VHM), Vingroup (VIC) and Vietinbank (CTG) topped the list of shares dragging the VN-Index most. CTG dropped  五. 八 per cent, VHM decreased  五. 六 per cent and VIC fell  四 per cent.

Others in the top  一0 worst performers also included VPBank (VPB), Hòa Phát Group (HPG), Techcombank (TCB), Masan Group (MSN), Mobile World Investment (MWG), Military Bank (MBB) and Vietnam Rubber Group (GVR) with losses of between  三 per cent and  七 per cent each.

Liquidity remained modest with more than  六 二 三 million shares worth nearly VNĐ 一0 trillion (US$ 四0 三. 二 million) being traded, the second session which saw the trading value below VNĐ 一0 trillion since November  二 八.

On the Hà Nội Stock Exchange, the HNX-Index also dropped  三. 三 一 per cent to end the day at  一 九 八. 五0 points.

Liquidity increased sharply, however. The trading value more than doubled Friday’s value, reaching VNĐ 一. 三 trillion while volume rose  九 六. 二 per cent to more than  九 八 million.

Foreign traders were net buyers on both exchanges, being responsible for total net buy value of VNĐ 四 六 七 billion.

According to Nguyễn Anh Khoa, head of the analysis department at Agribank Securities Corporation, in the last week of the year, although the trend of net withdrawal before the holiday is likely to continue, there will be an opportunity for investors to accumulate stocks at low prices, especially in the VN 三0 group to take advantage of the net buying effect of foreign investors in the coming sessions. — VNS