Tuesday, March 26, 2019 17:30 PM (GMT + 7)
The careful feeling involved investors, the market continued to fall since the previous week.
After a sharp fall yesterday, Vietnam's stock market recovered stability in today's trading day. The strong purchasing power of the index helped to rebound from the opening minute, then cool it and close it around the reference level.
At the end of 26 March session, the VN Index fell slightly by 0.28 points (0.03%) to 969.79 points. Liquidity on the HS3 VND3,730 billion, suddenly reached from previous sessions. This shows that investor sentiment is still very careful. On HNX, HNX-Index gained 0.44 points (0.41%) to 106.85 points.
The market grew strongly in today's session
Foreign investors were net sellers on the HSX, selling value reaches 125 billion VND. The enterprises with the best of this sector are VRE (Vincom Retail), HPG (Hoa Phat), HDB (HDBank), VJC (Vietjet Air).
Industry groups saw clear discrimination today: banking, real estate and fisheries were flat and declining. Meanwhile, stocks of securities, steel stocks and oil and gas showed positive signs.
HAG shares of Hoang Anh Gia Lai Group continue to impress when increasing VND 260 to VND 5,870 / share. The corresponding analogy in German stocks was 14.5 million units, the highest on the floor. HNG HAGL Agrico fell a little 100 after the ceiling gain yesterday.
In an oil and gas group, PVD from the PVDrill Corporation Drilling and Well Services Corporation also recorded a strong 3.8% increase to VND 17,550 / share. This positive situation occurred after PVD won the bid to supply 2 other drilling rigs in Malaysia. Meanwhile, the GAS giant ended in red when the PVGAS post-inspection profit fell sharply over 600 billion dong.
Billionaire Pham Nhat Vuong – Chair of Vingroup Group
Among the blue chips, VIC of Vingroup continued to reduce 1,500 dong to 113,700 dong / share. Including the strong market collapse yesterday, VIC has lost a 4,900 VND per share. So, the Pham Nhat Vuong billionaire securities asset block lost a 9,140 billion VND, currently reaching a 212,000 billion VND. According to Forbes update, Vingroup assets have also fallen slightly from 8.1 billion USD to 7.9 billion USD at the moment.
Some other major players such as VCB (Vietcombank), VNM (Vinamilk), VJC (Vietjet Air), TCB (Techcombank) also went to the side and deteriorated.
Binh Thuan Mineral Industry chairman was arrested on charges of warranty handling.