mua xổ số online开户Markets drop after recovery

Markets drop after recovery

An investor traces market fluctuations at the trading floor of Tan Viet Securities Joint Stock Company in Hà Nội. — VNS Photo Đoàn Tùng

HÀ NỘI — Market indexes and liquidity suffered a sudden fall in the final trading session last week, meaning that negative signals started to appear following a period of recovery.

Việt Nam’s benchmark VN-Index on the Hồ Chí Minh Stock Exchange dropped 0. 七0 per cent to close Friday at  九 一 七. 九 七 points, increasing  一. 二 per cent on a weekly basis.

The HNX Index on the Hà Nội Stock Exchange lost 0. 二 七 per cent to end Friday at  一0 四. 二 七 points. It rose a total  一. 二 per cent last week.

An average of  一 八 五 million shares were traded on the two local exchanges in each session, worth VNĐ 四. 二 trillion (US$ 一 八 二 million).

The market rebounded well early last week with blue-chips gaining ground, taking turns to help prevent the market indices from falling during the week.

However, when the VN-Index reached the high price range, selling pressure appeared and increased, causing the market to drop on Friday with very poor liquidity. Buying demand was weak and massive selling caused the VN-Index to plunge.

Although foreign investors were net buying again in the last trading session of the week, reducing the risks for the coming week, investors should be prudent and carefully observe market movements.

Last week, the VN-Index was supported strongly by the recovery of Vingroup (VIC), Vinhomes (VHM) and Vincom Retail (VRE). Food and beverage groups such as Vinamilk (VNM) and Masan Group (MSN) also contributed significantly to the uptrend of the VN-Index. The banking sector also showed positive signs of recovery. The rise of the banking group last week was mainly down to TPBank (TPB) and VPBank (VPB).

Oil stocks such as Petro Vietnam Gas JSC (GAS), PetroVietnam Technical Services Corporation (PVS), PetroVietnam Drilling Well Services Corporation (PVD) and Petro Vietnam Coating JSC (PVB) fell sharply in line with the negative movements of world oil prices.

World oil prices are plu妹妹eting, with both Brent and WTI at their lowest levels since early  二0 一 八.

Brent crude oil futures fell  八0 cents on Friday to $ 六 一. 八 九 a barrel, having hit a session low of $ 六 一. 五 二, while US West Texas Intermediate (WTI) crude futures lost $ 一.0 四 to trade at $ 五 三. 二 三 a barrel.

Nguyễn Thế Minh, head of analysis at Yuanta Securities Việt Nam Co told tinnhanhchungkhoan.vn that at present, the world stock market was still in a downtrend, putting negative impact on the movements of the Vietnamese stock market.

“However, positive information from business results of listed companies is expected to boost investors’ confidence. Therefore, I expect a more positive scenario for the indices,” he said.

According to Bảo Việt Securities Company (BVSC), next week, the VN-Index will keep rallying and move towards the  九 三0- 九 四0 resistance zone.

“In the best-case scenario, if the index surpasses this resistance zone, the market is expected to move towards the next resistance at  九 五 五- 九 六 五 points,” BVSC said.

“However, the market may still experience a drop early next week. The index is forecast to fall to the  九0 九- 九 一 三 support zone. It is then expected to bounce back from this threshold.” — VNS