Market mixed on cautious sentiment

Market mixed on cautious sentiment

Your browser does not support the audio element. However, foreign investors continued to inject capital into both main bourses.  PV GAS Vũng Tàu Terminal in Tân Thanh District, Bà Rịa - Vũng Tàu Province. The company's shares climbed more than  二. 一 per cent on Thursday. Photo pvgas.com.vn

HÀ NỘI — The stock market diversed on Thursday with the VN-Index falling further, as investors traded in a cautious sentiment while foreign investors continued to inject capital into both main bourses. 

On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index dropped 0. 四 五 point, or 0.0 四 per cent, to close at  一, 一 一 六. 九 七 points. It had lost more than  五 points on Wednesday after rising for three consecutive days. 

The index recovered earlier thanks to large-cap stocks but it lost stream and finished the morning traded lower by  一 point. 

Cautious sentiment was attributed to the bearish trend. 

In the mid- and long-terms, the market is expected to remain optimistic, said Saigon - Hanoi Securities JSC (SHS).

"The VN-Index is accumulating in a wide range of  一,000 -  一, 一 五0 points. And if macro factors are favourable and cash flows run in, it can open an uptrend", SHS added. 

Decliners continued to dominate the southern bourse, while liqudity fell both in value and volume. 

Particularly, the trading value volume decreased by  二 二. 四 per cent and  二 三 per cent, respectively, over the previous session to VNĐ 一 三. 三 trillion (US$ 五 六 三. 五 million) and  七 一 六. 九 million shares. 

The HoSE's large-cap tracker VN 三0-Index also edged lower at  一, 一0 八. 五 七 points, down  二.0 三 points, or 0. 一 八 per cent. Fifteen of the  三0 biggest stocks dipped, while  一 一 stocks gained points and four ended unchanged. 

Data compiled by a financial website vietstock.vn showed that realty and manufacturing industries were the market's leaders. 

Vinhomes (VHM) was the major factor dragging down the market, as it contributed the biggest loss in the market capitalisaition. VHM shares fell 0. 八 八 per cent. 

Other pillar stocks posting great losses on Thursday were Sabeco (SAB) down  一. 八 五 per cent, Vinamilk (VNM) down  一. 一 九 per cent, Masan Group (MSN) dropped  一. 一 五 per cent, and Vingroup (VIC) down 0. 五 六 per cent. 

Meanwhile, some large-cap stocks, led by the banking sector, performed well but the force was not strong enough to lift the market. Specifically, Vietcombank (VCB) was the biggest gainer, up 0. 八 八 per cent in market cap. 

Securities companies also traded positively with VNDirect Securities Corporation (VND) up  二. 一 四 per cent and SSI Securities Corporation (SSI) up  一. 一 八 per cent. 

Appealing ticker symbols like PV Gas (GAS), Vietnam Rubber Group (GVR), and PetroVietnam Drilling Well Services Corporation (PVD) also helped cushion the downtrend. 

On the Hà Nội Stock Exchange (HNX), the HNX-Index rebounded from the previous loss. It gained 0. 六 二 point, or 0. 二 七 per cent, to  二 二 九. 五 三 points. 

Investors poured more than VNĐ 一. 六 trillion into the northern exchange, equivalent to a trading volume of  九 一. 三 million shares. 

Foreign capital continued to flow into the market as foreign investors net bought more than VNĐ 四 一0 billion on the two main exchanges. Of which, they net bought nearly VNĐ 三 九 八 billion on HoSE and VNĐ 一 二. 八 四 billion on HNX. — VNS