Main index falls at year-end session
Main index falls at year-end session
The HCMC bourse faced gloomy trade in the last session of 2019, witnessing the VN-Index fall 4.04 points to end the year at 960.99 on December 31 due to heavy sell-offs and cautious investor sentiment.
On the HCMC market, market breadth was negative as losers outnumbered gainers by 199 to 137. The main index lost 0.42% against the session earlier. There were 182.24 million shares worth VND3 trillion changing hands, up 4.2% in volume, but down 1.6% in value versus the day earlier. Block deals accounted for more than 40 million shares valued at VND859 billion.
Construction firm ROS continued its downward spiral, closing the session down 6.9%, piling pressure on the southern exchange.
Some bank stocks, such as VCB, STB, MBB and CTG, lost steam, while others picked up slightly and lender HDB soared by 2.4% to close at the intraday high.
Among blue-chip stocks, property firm NVL and carrier VJC added over 1%, while real estate firm VHM, brewer SAB, retailer VRE and consumer goods firm MSN ended the session down.
Gas firm GAS tumbled by 2.8%, while others, such as property developer VIC, dairy firm VNM and mobile phone retailer MWG, stood at their reference prices.
Most of the speculative stocks, including real estate firms DLG, DRH and HQC, and agricultural chemical firm HAI, closed deep in the red.
Meanwhile, property developer FLC bucked the trend, inching up 0.4% and seeing over six million shares traded.
On the Hanoi market, strong demand pushed up the HNX-Index in the last session of the year. The index improved 0.35 points, or 0.34%, against the session earlier, at 102.51. Trade volume totaled 25.8 million shares worth VND287.7 billion.
The rallies of many blue chips, such as lenders ACB and SHB, insurer PVI and property firm DTD, sent the HNX-Index up. SHB still led the northern market by liquidity, with 3.9 million shares changing hands.
Foreign investors shifted to the selling side in the last session of 2019 after three consecutive sessions of net buying, dragging down the VN-Index. They net sold VND135.5 billion worth of 3.06 million shares, mainly ROS and VIC.
On the northern market, foreigners’ net selling value amounted to VND 4.4 billion worth of over 357,690 shares, up 3.5-fold from the session earlier.
