Sabeco slump slows down dang nhap w88

dang nhap w88 benchmark VN-Index on dang nhap w88 HCM Stock Exchange edged down 0.69 percent to close at 951.42 points after rising 2.5 percent on December 18.

On dang nhap w88 Hanoi Stock Exchange, dang nhap w88 HNX-Index decreased 0.31 percent to end dang nhap w88 trade at 113.36 points. dang nhap w88 northern market index increased 1.9 percent on December 18.

dang nhap w88 collapse of Sabeco (SAB) and other major large caps pulled dang nhap w88 market down.

Contrary to Vinamilk (VNM) which rose after successful divestment of State Capital Investment Corporation, dang nhap w88 of Sabeco hit the floor price of a 7-percent drop on the HCM City bourse despite the Ministry of Industry and Trade selling the entire offering of 53.6 percent of Sabeco’s capital on December 18's afternoon.

Sabeco’s dang nhap w88 closed at 287,600 VND a share (12.61 USD) per share, a 10 percent discount of the 320,000 VND per share sold to investors in the auction. The third largest dang nhap w88 by market value, Sabeco’s slump harmed overall market conditions.

Also on dang nhap w88 defensive were many large-cap stocks such as Vinamilk (VNM), down 1 percent; PV Gas (GAS), down 2.3 per cent; Vietinbank (CTG), down 2 percent and lender BIDV (BID), down 1 percent.

Seventeen of the top 30 largest dang nhap w88 by market value and liquidity on the HCM Stock Exchange lost value and only 10 advanced. Gainers included FLC Faros Construction (FLC), Petrolimex (PLX), insurer Bao Viet Holdings (BVH), budget airline Vietjet (VJC) and steelmaker Hoa Phat Group (HPG).

According to BIDV Securities Co (BSC), stocks with good expected last-quarter business earnings such as VJC and HPG, increased positively and supported dang nhap w88 market.

“We believe dang nhap w88 market will quickly recover in dang nhap w88 upcoming sessions as liquidity is gradually recovering in dang nhap w88 Q4 business results reporting period,” BSC’s analysts wrote in a December 19 report.

A total of 283 million dang nhap w88 worth a combined 6.4 trillion VND (280.7 million USD) were traded on December 19 on the two exchanges, down 8.4 percent in trading volume but up 3.2 percent in value compared to the previous sessions.