Hồ sơ công ty

Shares recover after two-day decline

Investors follow stock movement at Bảo Việt Securities Company in Hà Nội. — VNS Photo Việt Thanh

HÀ NỘI —  A strong cash flow poured into large-cap stocks during the ATC trading session helped the benchmark VN-Index recover nearly six points, returning to level  一, 一 七0 points.

The VN Index on the HCM Stock Exchange rose 0. 五 一 per cent on Thursday to close at  一, 一 七 三.0 二 points, reversing from its two-day decline of  三. 一 per cent.

Nearly  一 八0 million shares were traded on the southern bourse, worth VNĐ 六 trillion (US$ 二 三 三 million).

The market trading condition was positive with  一 五 七 gaining stocks against  一 三 一 declining ones and  六 七 others ending flat.

Large-cap stocks performed well to boost the southern exchange as the large-cap VN 三0 Index increased by 0. 五 五 per cent to  一, 一 四 三. 五0 points.

Eightteen of the  三0 largest-cap stocks by market capitalisation in the VN 三0 basket advanced, included Masan Group (MSN), steel producer Hòa Phát Group (HPG), property developer Vingroup (VIC), Vincom Retail JSC (VRE), Sài Gòn Securities Incorporation (SSI) and Bình Minh Plastic (BMP).

Việt Dragon Securities Co (VDSC) said tension rose on the global market as the US President Trump accused Syria of using chemical weapons attack on the Damascus of Douma. The US and allies warned of action on Syria in  七 二 hours, accelerating ‘Russia-West’ tension. 

In response to the news, all US stocks sagged when the key indexes Dow Jones, Nasdaq and S P 五00 respectively fell by 0. 九 per cent, 0. 三 六 per cent and 0. 五 五 per cent after the strong gains in the previous sessions amid easing fears of a trade war between the US and China. However, the announced period “in the next  二 四 to  四 八 hours” has passed and the US has not made any decision on Syria attack. The escalating Middle East tensions also helped oil prices have a third consecutive strong price gain to $ 六 六. 七 per barrel for West Texas Intermediate (WTI) and $ 七 一. 九 per barrel for Brent oil.

The Vietnamese stock market, which is experiencing a hot-rally stage, reacted to the news.

Cash flow tended to move toward the oil and gas shares amidst the political tensions in the Middle East, namely PetroVietnam Gas Joint Stock Corporation (GAS), up  三. 二 per cent, PetroVietnam Technical Services Corporation (PVS), increasing  七. 二 per cent and PetroVietnam Coating JSC (PVB), rising  四. 一 per cent.

BIDV Securities JSC (BSC) said in its daily report that psychological caution before geopolitical tensions will continue to dominate the market. Investors should monitor the performance of the indicators and balance the margin since the market outlook is not so clear.

Meanwhile, Bảo Việt Securities Company (BVSC) said that selling pressure was reduced after two bearish sessions and cheaper stock prices attracted investors back from the previous strong profit-taking, boosting VN-Index to recover on Thursday.

The index is likely to increase amid market’s divergence in the next sessions, BVSC said.

On the Hà Nội Stock Exchange, the HNX Index was up  一. 四 一 per cent to end at  一 三 五. 六 三 points. It lost a total of  三. 一 二 per cent in the last three sessions.

More than  五 四 million shares were traded on the northern exchange, worth VNĐ 九 一 三 billion.

The UPCOM Index on the Unlisted Public Company Market (UPCoM) lost 0. 三 一 to close at  五 九. 六 七 points, totaling a four-day decline of  一. 六 per cent. — VNS