vao w88Local shares dip after four-day rally

vao w88 southern stock exchange has been shut down for two days in a row. It experienced a technical crash at 2.31pm on January 22, halting all trading activities.

vao w88 HNX Index declined slightly, 0.05 percent, to end at 126.26 points. vao w88 northern market index rose nearly 5 percent in vao w88 last four sessions.

Over 60 million shares were traded on vao w88 northern exchange, worth nearly 1.1 trillion VND (48.3 million USD), down 44 percent in volume and 27 percent in value compared with January 23’s figures.

According to Bao Viet Securities Company (BVSC), market liquidity remained relatively below vao w88 moderate level, while market breadth was neutral. Investors turned cautious after vao w88 bullish session on Tuesday. Cash inflows weakened as a number of stocks on vao w88 Hanoi Stock Exchange surged in vao w88 previous session.

“From our view, cash inflows will return to large-cap stocks on vao w88 HCM City Stock Exchange (HOSE) when this bourse reopens in vao w88 next few days,” BVSC said in its daily report.
vao w88 market trading condition was quite balanced, with 93 gaining stocks against 95 declining ones and 67 stocks closing unchanged.

vao w88 energy sector suffered large selling pressure, with laggards including PetroVietnam Coating JSC (PVB) and PetroVietnam Technical Services Corporation (PVS), down 2.23 percent and 0.32 percent, respectively.

vao w88 brokerage sector also saw a weak performance, with Saigon-Hanoi Securities JSC (SHS) and BVSC, declining 0.42 percent and 0.97 percent.

Other losers were construction-material producers, including Viglacera Tien Son Joint Stock Company (VIT), down 2.98 percent.

Foreign investment on HNX became more positive on January 23 than vao w88 previous sessions with net buying of over 18.7 billion VND. Vietnam Construction and Import-Export Joint Stock Corporation (VCG) received vao w88 greatest amount of foreign capital with 8.8 billion VND. vao w88 second-largest receiver was PVS with nearly 8 billion VND.

“vao w88 two-day shutdown of vao w88 HoSE can certainly have an impact on investors’ sentiment after vao w88 bourse reopens. However, vao w88 market’s uptrend in vao w88 mid-term is still sustained as a number of large listed companies have revealed solid earnings results in 2017,” BVSC said in its daily report.