Vietnamese shares ended in negative territory on October 1. (Photo: VNA)
Hanoi (VNA) – Vietnamese shares ended in negative territory aslarge-cap banking stocks lost steam in the beginning of the month.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HOSE) fell 4.25 points toclose at 1,012.88 points. A total 247.8 million shares were traded at a totalvalue of over 5.9 trillion VND (253.67 million USD) on the day.
There were 122 advancers and 178 decliners.
Meanwhile, the HNX Index on the Hanoi Stock Exchange (HNX) dropped 0.76 pointto end at 115.52 points. The market breadth was negative with 79 gaining codesand 71 declining ones.
Large-cap banking stocks were putting pressure on the markets, includingVietinbank (CTG) decreasing 1.8 percent, Vietcombank (VCB) down 0.8 percent,Techcombank (TCB) 1.7 percent, and BIDV (BID) 1.3 percent.
Dairy producer Vinamilk (VNM) and flyer Vietjet Aviation JSC (VJC) alsosuffered losses, with respective falls of 0.7 percent and 2 percent.
Although oil and gas stocks eked out a strong rise, they are unable to sustainthe market. PetroVietnam Gas (GAS) increased 3.4 percent to 119,600 VND pershare. PetroVietnam Coating Corp (PVB), PetroVietnam Drilling and Well Services(PVD), and PetroVietnam Technical Services Corporation (PVS) surged 3.9percent, 4.8 percent, and 0.4 percent, respectively.
Financialstocks declined to red margins, with Saigon Securities Incorporation (SSI),VNDirect Securities Co (VND), Sai Gon-Hanoi Securities (SHS), and Viet CapitalSecurities JSC (VCI) being the largest losers, falling down by 0.9 percent, 1.5percent, 1.8 percent, and 0.9 percent respectively.
Foreign investors continued to net buy this session. On the HoSE, foreignersnet bought nearly 7.3 million shares at 89.55 billion VND (3.85 million USD).
VJC, VCB, VNM, and VHM were on the foreign players’ top net-sold list.
On the HNX, they net sold 626,926 units with a value of 13.83 billion VND (594,000USD). –VNA
Vietnamese shares ended on August 10 on a positive note, driven by financial-banking and energy sectors as confidence was boosted by news on State capital divestment from State-owned businesses.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HOSE) dropped 16.9 points to settle at 961.37 points on August 15, with over 188.9 million shares changed hands at a value of over 4.45 trillion VND (191.3 million USD).
Vietnamese shares advanced on August 22 despite investors’ profit-taking as overall market sentiment remained positive about the possibility of resolving China-US trade tensions.
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Vietnamese shares ended in negative territory on October 1. (Photo: VNA) 
