32 C
Ho Chi Minh City
Thursday, December 3, 2020

Main index ends lower, weighed down by profit-taking

Must read

Nearly 100,000 students in HCMC to stay home due to coronavirus resurgence

HCMC – Nearly 100,000 students of universities across HCMC have been asked to stay home to ensure their safety after the city announced that...

Do not consider HCMC a Covid-19 outbreak: PM

HCMC – The new coronavirus cases in HCMC were infected by outside sources, Prime Minister Nguyen Xuan Phuc said at a Cabinet meeting on...

Nearly a third of local sugar plants shut down

HANOI – Only 29 of 40 local sugar plants remained operational in the 2019-2020 season due to a high volume of sugar imports and...

VND10-trillion anti-flooding project on verge of suspension

HCMC - An anti-flooding project worth nearly VND10 trillion in HCMC, planned to be put into operation this month, may be suspended despite being...
HCMC – Profit-taking pressure exerted on many big caps caused the benchmark VN-Index of the HCMC market to close in negative territory today, November 10.

After making headway in the morning thanks to the rise of two aviation stocks VJC and HVN, the local stock market entered the afternoon phase on increasingly cautious sentiment, still with the VN-Index moving upward steadily to stay above 960 points.

However, largecap stocks then underwent increased selling pressure and reversed course to end lower. Consequently, the main index lost 0.09 point, or 0.01% against the previous session to settle at 951.9, with 227 stocks rising and 203 declining.

Trading volume and value on the southern bourse expanded 16% and 21% respectively at over 456 million shares and VND9.5 trillion, including more than VND1.2 trillion worth of shares traded in put-through deals.

Of the top ten stocks by market capitalization, eight finished lower with slight falls between 0.7% and 1.3%. Other losers were lenders TCB, VPB, MBB, STB and tech firm FPT.

Meanwhile, low-cost airline VJC soared as much as 7% to hit its ceiling price of VND103,400 and national flag carrier HVN inched 5.8% higher to VND27,500. Both of them helped the main index avoid a steep fall.

Stocks bucking the market downward trend also included retailer VRE which gained 2.3%, gas firm GAS and securities firm SSI up 1.1% each. Besides, property developer NVL and lender BID made small gains.

The majority of speculative stocks closed in red, such as FLC, HSG, GEX, DXG. Notably, property developer FLC, which plunged a sharp 6%, led the southern bourse by liquidity with 42.8 million shares traded.

On the northern bourse, strong selling pressure dragged down the HNX-Index by 0.27% versus Monday to close at 141.37 points.

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest articles

Nearly 100,000 students in HCMC to stay home due to coronavirus resurgence

HCMC – Nearly 100,000 students of universities across HCMC have been asked to stay home to ensure their safety after the city announced that...

Do not consider HCMC a Covid-19 outbreak: PM

HCMC – The new coronavirus cases in HCMC were infected by outside sources, Prime Minister Nguyen Xuan Phuc said at a Cabinet meeting on...

Nearly a third of local sugar plants shut down

HANOI – Only 29 of 40 local sugar plants remained operational in the 2019-2020 season due to a high volume of sugar imports and...

VND10-trillion anti-flooding project on verge of suspension

HCMC - An anti-flooding project worth nearly VND10 trillion in HCMC, planned to be put into operation this month, may be suspended despite being...

Welcoming exciting, cozy Christmas, New Year in southwestern region

Christmas and New Year are no longer holidays of only Catholics and Protestants. They have become a cultural festival for all people. This year’s...