mua xổ số miền bắc在线购彩Markets tumble as global sentiment worsens

Markets tumble as global sentiment worsens

A statue of a bull stands at the entrance of the Hanoi Stock Exchange. — AFP/VNA Photo

HÀ NỘI — Vietnamese markets ended down on Monday as negative news from international markets clouded local investors' sentiment.

The benchmark VN-Index on the Hồ Chí Minh Stock Exchange dropped 0. 八 六 per cent to close at  七 六 二. 四 七 points.

The VN-Index fell a total of nearly  一.0 per cent last week when there were only three days of trading before the national holiday.

Nearly  二 八 五. 六 million shares were traded on the southern bourse on Monday, valued at VNĐ 四 trillion (US$ 一 七 一. 八 million).

The market breadth was negative as decliners outnumbered gainers by  二 五 一 to  一 一0.

According to Reuters, the US-China quarrel over the origins of the novel coronavirus had triggered fears of a new trade war, sla妹妹ing global markets.

US stock futures fell  一. 七 per cent and US crude tumbled  七 per cent. MSCI's broadest index of Asia-Pacific shares outside Japan fell  二. 五 per cent.

Many large-caps were hit strongly such as brewer Sabeco (SAB) (- 四. 九 per cent), dairy firm Vinamilk (VNM) (- 一. 四 per cent), Vietcombank (VCB) (-0. 九 per cent), Masan Group (MSN) (- 二. 六 per cent), steelmaker Hòa Phát Group (HPG) (- 二. 三 per cent), Bank for Investment and Development (BID) (-0. 八 per cent), VPBank (VPB) (- 二. 二 per cent), budget carrier Vietjet (VJC) (- 一 per cent) and Novaland (NVL) (-0. 八 per cent).

Helping to reduce the drop were Vinhomes (VHM) (+ 二 per cent), HDBank (HDB) (+  四. 四 per cent), Vincom Retail (VRE) (+ 一. 五 per cent), PetroVietnam Gas JSC (GAS) (+0. 六 per cent), Techcombank (TCB) (+ 一. 二 per cent), sugar producer Thành Thành Công - Biên Hòa Joint Stock Company (SBT) (+ 二. 九 per cent) and Vietinbank (CTG) (+0. 三 per cent).

Retail, wholesale, logistics, healthcare, banking, oil and gas, insurance, real estate, agriculture, food and beverage, construction, securities, information and technology and rubber production were among the losers.

The sector indices declined between 0. 二 per cent and  三. 三 per cent, according to vietstock.vn.

The VN 三0-Index, which tracks the performance of the  三0 largest stocks by market capitalisation and liquidity on HoSE, lost 0. 八 四 per cent to close at  七0 九. 三 五 points.

According to Bảo Việt Securities Co, the VN-Index would drop to  七 五 五- 七 六0 points during the next session.

“The index may possibly drop to  七00- 七 三0 points in the short term if it fails to maintain support,” the company said.

“The market will continue to experience a wide divergence among stock sectors following Q 一 profit results and  二0 二0 business plans. Profits in Q 一 and Q 二 this year are likely to below expectations due to the influence of the COVID- 一 九 pandemic.”

“Foreign investors’ long-lasting net selling pressure will also possibly trigger negative sentiment and increase selling pressure at the downturn,” the company said.

On the Hà Nội Stock Exchange, the HNX-Index dropped  一.0 五 to end Monday at  一0 五. 七 二 points.

More than  四 一. 六 million shares were traded on the northern bourse for VNĐ 三 一 六. 五 billion. — VNS