Vietnam stocks narrow losses in afternoon trading as turnover hits three-week low

On November 9, matched turnover on Vietnam’s two stock exchanges rose 31% in the afternoon from the morning session, including a 30% increase on the Ho Chi Minh Stock Exchange (HoSE). Afternoon matched turnover across the two exchanges was VND 10.728 trillion, excluding negotiated transactions, with HoSE accounting for nearly VND 10.153 trillion. Turnover was at its lowest level in nearly three weeks. The VN-Index closed at 1,714.32 points, down 11.04 points, or 0.64%, compared with a 1.23% decline at midday.

The VN-Index fluctuated around the 1,700-point mark.（VietVance）

The index’s recovery was concentrated mainly in the final 12 minutes or so of continuous trading and the closing auction. VIC closed down just 0.04%, having recovered 2.81% from its midday closing price. Among VN30 constituents, 18 stocks traded higher in the afternoon than at midday, while nine fell. VHM closed down 2.74%, GAS fell 1.48%, and BSR went from a 0.38% gain in the morning to a 1.14% loss at the close. The VN30 index was still down 0.88%.

At the close, 129 stocks on HoSE had risen and 187 had fallen, a slight improvement from 112 gainers and 193 decliners at midday. Of the gainers, 47 rose more than 1%; of the decliners, 120 fell more than 1%, up from 100 at midday. NVL and POW closed up 1.94% and 1.62%, respectively; both had already performed strongly in the morning.

Declining stocks still predominated among those with the highest turnover.（VietVance）

Afternoon matched turnover on HoSE increased by about VND 1.326 trillion from the morning session, with stocks outside the VN30 accounting for 49% of the increase. Some stocks attracted buying near their lows, but decliners still outnumbered gainers at the close. The VN-Index approached 1,700 points during the session before recovering to 1,714.32 points.

Source: VietVance