Losses stemmed by regional recovery.
The market recovered quite well on the morning of October 24 on the back of recoveries in regional markets but the VN-Index closed down. Buying demand was quite cautious, however, with liquidity falling as a result.
The VN-Index lost 5.41 points (0.58 per cent) to 934.27 points in the morning session and the UPCoM-Index 0.23 per cent to 51.93 points, while the HNX-Index rose a mere 0.03 per cent to 105.1 points.
Total transaction volume on HSX was nearly 61 million units worth VND1.3 trillion ($55.7 million), down 28 per cent and 32 per cent compared to yesterday morning.
The biggest losers were GAS and MSN, which continued their downward turn. GAS lost 4.5 per cent to VND104,500 ($4.47) and MSN 2.1 per cent to VND75,900 ($3.25).
Among bluechips, BID lost 1.4 per cent to VND34,400 ($1.47), VPB 1.8 per cent to VND22,400 ($0.96), HDB 1.4 per cent to VND35,500 ($1.52), and ROS 2.5 per cent to VND37,000 ($1.58).
Most stocks in securities, banking, oil & gas, and real estate lost ground. Bluechips such as MWG, PNJ, VJC, HPG, BVH, CTG, and VCB did well but were not enough to stem the tide.
ACB rose 0.7 per cent, VCG 1.6 per cent, PVI 0.9 per cent, HUT 1.8 per cent, VC3 1.1 per cent, and DBC 2.6 per cent.
Conversely, PVS lost 2.5 per cent to VND29,800 ($1.27), PVB 2.1 per cent, VCS 1.4 per cent, CEO 0.8 per cent, and MBS 0.6 per cent, with reference stocks such as SHB, NVB, VCG, SHS, PGS, and NTP also losing ground.
HNX saw 43 gainers and 63 losers in the morning. Total trading volume was over 16.9 million shares worth VND221.67 billion ($9.5 million).
My Van report on Vneconomictimes
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