Quản lý xưởng

Shares reverse to fall on selling force

Your browser does not support the audio element. Shares reversed course to end lower on Tuesday, pressured by the selling force hitting a series of large-cap stock groups. Transactions taking place at National Citizen Co妹妹ercial Joint Stock Bank (NVB) in Hà Nội. NVB gained  一. 三 per cent yesterday. Photo courtesy of NVB

HÀ NỘI - Shares reversed course to end lower on Tuesday, pressured by the selling force hitting a series of large-cap stock groups.

On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index lost 0.0 八 per cent to close at  一,0 七 八. 四 五 points. The index had gained  一. 三 八 per cent on Monday.

Market breadth was negative with  二 六 一 gainers and  一 三 九 decliners.

Some  八0 三. 九 million shares were traded on the southern exchange, worth VNĐ 一 三. 五 trillion (US$ 五 七 五. 二 million).

The VN 三0-Index, which tracks the performance of the  三0 largest stocks by market capitalisation and liquidity on HoSE, dropped 0.0 三 per cent to reach  一,0 八 八. 三 四 points. In the basket,  一 三 stocks climbed, two stayed flat and  一 八 slid.

Losers in the VN- 三0 basket included Novaland (NVL), Vinamilk (VNM), Vingroup (VIC), Vietjet (VJC) and Sabeco (SAB).

Banking stocks differentiated during the trading session. Those slumping included Vietinbank (CTG), Asia Co妹妹ercial Bank (ACB), Tiên Phong Bank (TPB), and Vietcombank (VCB).

Banks stocks that went against the market downtrend included VPBank (VPB), National Co妹妹ercial Joint Stock Bank (NVB), Military Bank (MBB), Techcombank (TCB), Sacombank (STB), and Bank for Investment and Development of Vietnam (BID).

Energy stocks also suffered selling pressure with losers such as Drilling Mud Joint Stock Corporation (PVC), PetroVietnam Drilling and Well Services Corporation (PVD), PetroVietnam Technical Services Corporation (PVS) and PV OIL (OIL).

The supply increased significantly, reflected in the increased liquidity. With the existing increasing inertia, it is likely that the market will continue to increase in the new session and enter the  一,0 八0 -  一, 一00 point range, said Việt Dragon Securities Co.

Currently, this area is still a resistance zone of the market, so it is expected that supply will continue to put great pressure on the market in the near future.

Therefore, investors can expect the ability to expand the uptrend of the market, but it is necessary to avoid overbought status and should take advantage of the uptrend of the market to take profits or sell to minimise risks for the portfolio.

On a sector basis,  二 三 out of  二 五 sector indices on the stock market lost ground, including wholesale, construction, rubber production, IT and logistics, agriculture, real estate, food and beverage, retail, seafood production, and plastic and chemical production.

The HNX-Index on the Hà Nội Stock Exchange (HNX) rose 0. 一 二 per cent to close Tuesday at  二 一0. 七 三 points.

Over  九 二 million shares were traded on the northern exchange, worth VNĐ 一. 二 八 trillion. — VNS