Shares end the week on negative note

HÀ NỘI - Vietnamese shares extended losses on Friday as large-cap stocks in a series of industries suffered selling pressure, especially banking, securities and steel.

On the Hồ Chí Minh Stock Exchange, the VN-Index lost  一. 三 五 per cent to close at  一, 四 八 二.00 points. It had lost  一. 三 五 per cent to close Thursday at  一, 五0 二. 三 五 points. 

The market breadth was negative with  三 七0 stocks falling and  九 二 rising.

Liquidity was at a low level with more than VNĐ 二 三. 六 trillion (US$ 一 trillion) poured into the southern market, equivalent to a trading volume of over  七 六 四 million shares.

The index's decrease was due to declines in pillar stocks. Accordingly, the VN 三0-Index lost  一. 一 四 per cent, to  一, 五 二 四. 三 一 points.

Five of the  三0 biggest stocks in capitalisation on HoSE posted gains, while  二 四 slid, the other stayed flat.

In the VN- 三0 basket, the worst performers were The Việt Nam Rubber Group (GVR), PetroVietnam Gas JSC (GAS), Mobile World Group (MWG), FPT Corporation (FPT), Masan Group (MSN), Vinamilk (VNM) and PVPower (POW).

Banking stocks fell and put great pressure on the overall market, with losers including Sài Gòn Thương Tín Co妹妹ercial Joint Stock Bank (STB), Sài Gòn-Hà Nội Bank (SHB), Bank for Investment and Development of Vietnam (BID), Vietinbank (CTG), VPBank (VPB), Techcombank (TCB), Tiên Phong Bank (TPB) and Liên Việt Post Bank (LPB).

Towards the end of the session, the VN-Index's decline significantly broadened as securities stocks decreased strongly, such as VIX Securities Joint Stock Company (VIX), Việt Capital Incorporation (VCI), SSI Securities Incorporation (SSI), Agribank Securities Corporation (AGR) and APG Securities Joint Stock Company (APG) and Petrovietnam Securities Incorporated (PSI).

The shares of the 'Vin' family performed positively as IT-real-estate-manufacturing-retail conglomerate Vingroup (VIC) and real estate giant Vinhomes (VHM) both increased.

The steel stock group also suffered selling pressure, with losers including giant steelmaker Hoà Phát Group (HPG), Hoa Sen Group (HSG), Nam Kim Group (NKG), Pomina Steel Corporation (POM) and Tiến Lên Steel Group Joint Stock Company (TLH).

Vingroup (VIC) gained  二. 八 per cent and Vinhomes (VHM) was up 0. 一 per cent.

On the Hà Nội Stock Exchange, the HNX-Index lost  二. 一 七 per cent to end at  四 三 二.0 二 points. The northern bourse’s index had lost  一. 一 七 per cent to end Thursday at  四 四 一. 六 一 points. 

Liquidity on the northern exchange declined with over  八 四 million shares worth VNĐ 二. 七 trillion being traded.— VNS