Shares extend losses despite foreign net buying
Friday, April 19,2019AsemconnectVietnam - Shares declined further on Thursday amid rising investor caution, but foreign investors took the chance to increase their holdings.
On the Ho Chi Minh Stock Exchange, the VN-Index decreased more than 1 per cent to close the session at 962.3 points. The southern market index lost 2.1 per cent in the last three sessions.
According to market insiders, selling pressure was increasing amid weak demand, which was reflected by low liquidity, showed rising investor caution.
Losers included big companies such as Saigon Securities Inc (SSI), PV Gas, PetroVietnam Drilling and Wells Service (PVD), PetroVietnam Technical Service (PVS),
Coteccons Construction (CTD), Vingroup (VIC) and Vinhomes (VHM).
“The market failed to recover due to strong selling pressure in midcap and penny. Short-term profit-seeking opportunities are shrinking very quickly,” said Khai Tran, a stock analyst at Viet Dragon Securities Co, in a daily report.
Their net buy value totalled about VND600 billion this week.
Fertilizer export markets in first 5 months of 2023
Exports of animal feed reached 426.3 million USD in first 5 months of 2023
Imports of animal feed reached over 1.93 billion USD in first 5 months of 2023
DAILY: Vietnamese pepper prices fell by 500 VND on June 23
DAILY: Vietnamese coffee prices rose by 200 VND on June 23
Exports to China reached 20.3 billion USD in first 5 months of 2023
Coffee exports surpassed 2 billion USD in first 5 months of 2023
Vietnam considered rising star to become emerging market
Vietnam logistics sector offers attractive investment opportunities
Hanoi’s economy sees effective recovery
Reference exchange rate on upward trend
Vietnam lychee market update: Harvest in Central Highlands a success
DAILY: Vietnamese pepper prices fell by 500 VND on June 22
DAILY: Vietnamese coffee prices fell by 500 VND on June 22
Plan on implementing national strategy on climate change ...
Actively and effectively adapting, reducing vulnerability, loss and damage due to climate change; reduce greenhouse gas emissions ...Scheme on attracting, restructuring and improving quality ...
Urban development plan of Binh Phuoc province in a period ...
Plan on implementing Decision No. 327/QD-TTG dated March ...
Hung Kings Temple Festival 2023 kicks off
The Hung Kings Temple Festival 2023 and the Culture and Tourism Week of Ancestral Land 2023 kicked off in the northern province of Phu Tho ...Vietnam trounce Palestine at AFC U-17 Women's Asian ...
Phu Tho: Festival honours UNESCO intangible cultural ...
Saigontourist Group Food and Culture Festival 2023 opens
Vietnam’s top swimmer Huy Hoang to hold Vietnamese flag at ...