Hose

Cows are fed at a Vinamilk (VNM) farm. VNM declined 1.6 per cent on Wednesday.— Photo vietnamplus.vn The VN-Index slumped on Wednesday as supply increased in the afternoon trading session, causing blue-chips to lose ground. The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HOSE) lost 0.55 per cent to close at 1,012.77 points. Nearly 287 million shares were traded on the southern bourse, worth VND6.75 trillion (US$288.5 million). On the southern stock market, declining stocks outnumbered gainers by 202 to 105, while 83 stocks ended flat. The index had risen 0.16 per cent to close Tuesday at 1,018.33 points. Many large-cap stocks suffered from the sell-offs, including Vietcombank (VCB) (-1.3 per cent), dairy firm Vinamilk (VNM) (-1.6 per cent), real estate developer Vinhomes (VHM) (-0.7 per cent), brewery Sabeco (SAB) (-1.2 per cent), Techcombank (TCB) (-1.6 per cent), Vingroup (VIC) (-0.3 per cent), steelmaker Hoa Phat Group (HPG) (-1.5 per cent), Masan Group (MSN) (-0.9 … [Read more...] about Blue-chips dip as supply soars

A chilled meat processing line at a Masan Group facility in the northern province of Ha Nam. Masan Group (MSN) shares rose 0.7 per cent on Tuesday. — Photo courtesy of Masan Group Markets fell back towards the end of trading on Tuesday, but still managed to post slight gains, witnessing a large divergence among large-caps. The benchmark VN-Index on the Ho Chi Minh Stock Exchange rose 0.16 per cent to close at 1,018.33 points. More than 223 million shares were traded on the southern bourse, worth VND4.6 trillion (US$19.5 million). The southern index declined 0.8 per cent in the last three sessions. After three consecutive correcting sessions, the VN-Index recovered as a series of pillar stocks increased, such as Bank for Investment and Development (BID) (+1.9 per cent), Vingroup (VIC) (+0.4 per cent), Vietcombank (VCB) (+0.4 per cent), PetroVietnam Gas JSC (GAS) (+0.7 per cent), Masan Group (MSN) (+0.7 per cent), Viet Nam National Petroleum Group (PLX) (+0.8 per cent), Hoa Phat … [Read more...] about Markets climb with divergence among large-caps