Vietnam stocks mixed again

Vietnamese shares were mixed again on July 29 as investors sought profits in large-cap stocks following their recent gains.

An official at the Hanoi Stock Exchange watches the market’s trading activity (Source: VNA)

The benchmark VN Index on the HCM Stock Exchange pulled back 0.8 percent to finish at 652.23 points from a two-day increase of 1.3 percent.

The southern market declined as blue chips suffered from strong selling, Maritime Securities Inc (MSI) wrote in its July 29 report.

Those large-cap stocks included Joint Stock Commercial Bank for Foreign Trade of Vietnam (VCB), property firm Vingroup JSC (VIC), Vietnam Dairy Products JSC (VNM) and Saigon Securities Inc (SSI).

VCB dropped 1.8 percent after rising 5.8 percent in the previous four trading days, and VIC fell 2.9 percent after gaining 5 percent during the same period.

VNM retreated 1.2 percent from a three-day increase of 3.9 percent and SSI was down 1.3 percent from a three-session rise of 4 percent.

Steel producers Hoa Phat Group (HPG) and Hoa Sen Group (HSG) also declined.

HPG edged down 0.2 percent from a four-day jump of 11 percent and HSG slipped 1.5 percent from a three-day rally of 7.8 percent.

The HNX Index on the Hanoi Stock Exchange rebounded 0.2 percent to close at 83.71 points from the fall the day earlier.

Stocks that kept the northern exchange index positive were stone maker Vicostone JSC (VCS), Tien Phong Plastic JSC (NTP), Asia Commercial Bank (ACB) and Vietnam Construction and Import-Export Corp (VCG).

VCS added 1.6 percent, NTP increased by 1.2 percent, ACB was up 1.1 percent and VCG advanced 2 percent.

The oil industry, one of the major sectors, continued to fall on lower oil prices, which hit a fresh three-month low during the day, MSI said.

PetroVietnam Drilling and Well Services Corp (PVD) slid 0.4 percent, PetroVietnam Mud Drilling Corp (PVC) decreased by 0.8 percent and PetroVietnam Technical Services Corp (PVS) slid 1.2 percent.

Investors traded more than 159 million shares worth 2.7 trillion VND (119.8 million USD), a decrease of 8.6 percent from the trading value of the previous day.

VNS

Other news

Most view

HCMC to suffer consequence from plastic waste

HCMC to suffer consequence from plastic waste

Reports from two waste treatment plants operated by Vietstar and Tam Sinh Nghia showed that of 60 tons of plastic garbage in Ho Chi Minh City everyday, a small quantity of plastic bags are recycled; subsequently, the city is highly likely to suffer a lot from plastic pollution.

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Economy

HCMC focuses on safe pig breeding chain

The HCM City department of agriculture & rural development has just held conference about the sustainable pig breeding and safe pork production market in HCMC.

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.