Sunday , May 19 2024

Shares struggle as large-caps vary


Cà Mau Thermal Power Plant of PV Power in U Minh District, Cà Mau Province. POW gained 4.7 per cent on Friday. Photo

HÀ NỘI – Shares struggled on Friday with the market experiencing strong volatility with big variations in large-caps’ prices.

On the Hồ Chí Minh Stock Exchange (HoSE), the market benchmark VN-Index stayed flat to end at 1,496.02 points.

It had decreased 0.96 per cent to end Thursday at 1,496.05 points. 

The market’s breadth was negative with 174 gainers and 285 losers.

During the session, over 785.6 million shares were traded on the southern bourse, worth nearly VNĐ22.9 trillion (US$1 billion).

The VN30-Index, which tracks the 30 biggest stocks on HoSE, lost 0.19 per cent, to end at 1,523.57 points.

Of the VN30 basket, 14 stocks rose, while 12 inched lower and three ended flat.

According to financial news site, large-cap stocks in the VN-30 basket experienced big variations in prices. Of them PVPower (POW) was the biggest gainer with an increase of 4.73 per cent. It was followed by Sacombank (STB), up by 2 per cent. Phát Đạt Real Estate (PDR), Vinamilk (VNM), Vietcombank (VCB) and Vincom Retail (VRE) ended the session with an increase of 1.4-1.9 per cent.

The remaining stocks such as Sabeco (SAB), Bank for Investment and Development of Vietnam (BID), PetroVietnam Gas JSC (GAS) and Vingroup (VIC) increased by less than 1 per cent.

On the other side, Novaland (NVL) led the decline with a decrease of 1.8 per cent, Techcombank (TCB) was down 1.5 per cent, VPBank (VPB) and Mobile World Group (MWG) dropped 1.1 per cent, Hoà Phát Group (HPG) lost 1 per cent. The other stocks of FPT Corporation (FPT), Phú Nhuận Jewellery (PNJ), SSI Securities Inc (SSI) dropped slightly below 1 per cent.

Foreign investors were net buyers on both exchanges, the value of net buying on HOSE reached VNĐ770 billion and on HNX reached VNĐ11.2 billion.

Twelve out of 25 sector indices on the market recorded losses, including insurance, real estate, securities, information and technology, retail, rubber production, construction materials and logistics.

Gainers, meanwhile, included oil and gas, banking, wholesale, real estate, healthcare, agriculture, food and beverage, seafood production, and construction.

On the Hà Nội Stock Exchange (HNX), the HNX-Index increased 1.31 per cent to end Friday at 466.86 points.

On Thursday, the northern market index had fallen 2.71 per cent to end at 460.83 points.

During the trading session, investors poured nearly VNĐ2.7 trillion into the bourse, equivalent to a trading volume of more than 86 million shares. — VnExpress News



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