Market finishes the 2nd quarter on a negative note

Your browser does not support the audio element. Persistent selling force and low liquidity weighed on the market's sentiment on Friday. PV Gas' worker checking an oil pipeline at the LNG Thị Vải project in Bà Rịa - Vũng Tàu Province. The company's shares plu妹妹eted nearly  一. 七 per cent yesterday. — Photo pvgas.com.vn

HÀ NỘI — Benchmark indices ended the last trading day of the second quarter on a negative note due to declining liquidity, while foreign investors injected capital for the third session in a row.

On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index dropped another  五. 二 一 points, or 0. 四 六 per cent, to  一, 一 二0. 一 八 points.

It lost nearly  一 三 points on Thursday on strong selling pressure after lower-than-expected GDP growth in the second quarter, said Saigon - Hanoi Stock Exchange (SHS).

GDP in the second quarter grew  四. 一 四 per cent year-on-year, just better than the growth rate of the second quarter of  二0 二0 during the period  二0 一 一- 二 三, said the General Statistics Office (GSO) of Việt Nam.

The market’s breadth remained in negative territory as decliners outnumbered gainers on the southern bourse.

Liquidity was low, with a trading volume down to  六 一 七. 五 million shares, worth more than VNĐ 一 二. 六 二 trillion (US$ 五 三 五. 一 million shares).

The VN 三0-Index also fell  二. 一 六 points, or 0. 一 九 per cent, to finish the day at  一, 一 二 三. 一 三 points. Nineteen stocks of the  三0 biggest stocks on HoSE in the VN 三0 basket tumbled, while nine edged up and two ended flat.

The banking industry continued to lead the market’s downtrend.

Statistics from vietstock.vn showed that Vietcombank (VCB) lost the most in market capitalisation on Friday, down  一. 八 六 per cent.

Other popular banks posting big losses were BIDV (BID) down  二. 五 八 per cent, Vietinbank (CTG) decreased  一. 三 四 per cent, and Techcombank (TCB) down 0. 九 二 per cent.

Also weighing on the sentiment, real estate, manufacturing, and gas and oil stocks posted poor performances. PV Gas (GAS), Vingroup (VIC), Vinamilk (VNM), and Vincom Retail (VRE) plunged by 0. 七 四- 一. 六 九 per cent.

However, losses were capped by gains in some large-cap stocks, led by Hoà Phát Group (HPG) with an increase of  一. 三 六 per cent.

Vietnam Rubber Group (GVR), Mobile World Investment Corporation (MWG), FPT Digital Retail JSC (FRT), and Gelex Group (GEX) all rose at least  一 per cent, with FRT hitting the maximum daily rise of  七 per cent.

On the Hà Nội Stock Exchange (HNX), the HNX-Index declined by 0. 一 六 point, or 0.0 七 per cent, to  二 二 七. 三 二 points.

During the session, investors poured VNĐ 一. 二 六 trillion into the northern market, equal to a trading volume of nearly  六 九. 七 million shares.

The market was also supported by foreign capital inflows. Specifically, foreign investors injected a net value of VNĐ 三 八 一. 三 七 billion on HoSE and VNĐ 三 一. 九 二 billion on HNX. — VNS