25.01.2021, 18:19

Sell-off sends main index down

Sell-off sends main index down

Hochiminh City Securities Corporation’s employees monitor stock prices. The VN-Index of the Hochiminh Stock Exchange inched down 0.73 points at 1,166.05 today, January 25 – PHOTO: THANH HOA

HCMC – Negative investor sentiment and selling pressure sent the VN-Index of the Hochiminh Stock Exchange down to close at 1,166.05 points today, January 25.

With 236 stocks rising and 219 others falling, the main index lost 0.73 points, or 0.06%, from the session earlier. Trade volume totaled 707.2 million shares worth VND15.8 trillion, down 6.8% and 1.5%, respectively, against the previous session. There were 41.5 million shares valued at over VND1.1 trillion transacted in block deals.

In the VN30 basket, many large-cap stocks lost ground or stood at the reference prices. The worst performers on the southern bourse were bank stocks, with lender CTG, EIB and STB dropping by 2%-3%, weighing on the market.

Despite the sell-off pressure, steelmaker HPG ended up and reported an impressive matching volume of some 33 million shares, while consumer goods producer MSN, jewelry firm PNJ and mobile phone retailer MWG made strong gains, saving the main index from a deep fall.

Many realty and construction stocks such as HBC, DXG, KBC, VGC, ASM, ROS and FLC shot up to the ceiling prices.

On the Hanoi Stock Exchange, the poor performance of many bluechips dragged the HNX-Index down 8.27 points, or 3.45%, from the session earlier, at 231.84. Some 151.5 million shares worth VND2.1 trillion were traded.

Lender SHB led the northern market by liquidity with over 24 million shares changing hands, but finished the day down 4%.

Other bluechips such as securities firms SHS and BVS and gas firm PVS were in negative territory.

Meanwhile, many textile stocks, including TNG, NPS, ADS and GIL, bucked the downward trend and hit their upper limits at the close.