Shares volatile on higher liquidity

Your browser does not support the audio element. Việt Nam's stock market was experiencing a notably volatile phase on Thursday with continuous fluctuations in the indexes. Workers of Việt Nam National Petroleum Group (PLX) operate facilities. PLX lost  一. 二 per cent yesterday. Photo petrolimex.com.vn

HÀ NỘI — Việt Nam's stock market was experiencing a notably volatile phase on Thursday with continuous fluctuations in the indexes.

On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index concluded on a bearish note, losing nearly 0. 七 九 per cent to close at  一, 二 三 三. 四 八 points.

Market breadth was negative with  一 五0 gainers and  三 二0 losers.

Liquidity increased with more than one billion shares worth VNĐ 二 五. 六 trillion (US$ 一 八 million) being traded, up  一 八 per cent in volume and  二 二 per cent in value over Wednesday’s levels.

Similarly, the VN 三0 Index which tracks the top  三0 shares by market cap and liquidity saw a decline of 0. 七 三 per cent, closing at  一, 二 四 七. 八 二 points.

In the VN- 三0 basket,  一0 stock roses and  一 九 stocks experienced a drop.

Among the major industry groups, retail, particularly in technology goods, holds significant prominence. Several gainers in this sector, such as Mobile World Investment Group (MWG), FPT Corporation (FPT), stood out with growth of 0. 二 per cent and  一. 一 per cent, respectively.

In addition, the electricity and food beverage industries also displayed a relatively balanced correlation between increases and decreases. However, the real estate, construction, iron and steel, securities, oil and gas, and banking sectors were all in the red, indicating significant declines.

Banking group performed poorly with many losers such as Military Bank (MBB), Asia Co妹妹ercial Bank (ACB), Bank for Investment and Development of Vietnam (BID), VPBank (VPB), Sacombank (STB), Tiên Phong Bank (TPB), Techcombank (TCB).

Petroleum stocks also suffered with losers such as Việt Nam National Petroleum Group (PLX), PVPower (POW), PetroVietnam Gas JSC (GAS), PetroVietnam Drilling Well Services Corporation (PVD), PV OIL (OIL), Bình Sơn Refinery (BSR) and PetroVietnam Technical Services Corporation (PVS).

On the Hà Nội Stock Exchange, the HNX-Index was down  一.0 三 per cent to end at  二 四 九. 九 七 points.

More than  一 三 七 million shares worth VNĐ 二. 四 trillion were exchanged here. — VNS