Wednesday, 30/01/2019 16:12 (GMT + 7)
After an announcement, the steel giants of Vietnam flew hundreds of billions of dong.
After five consecutive trading sessions, Vietnam's stock market registered a slight decline on today's trading day. Psychology of resting near the Lunar New Year of investors made the money to buy and sell stocks remain low.
In the end, the VN index fell slightly 0.09 points (0.01%) to 915.84 points. The corresponding volume and agreement on the HSX reached 3400 billion VND. On the contrary, in the HNX, the HNX Index registered a gain of 0.43 point (0.43%), to 102.81 points.
The market fell slightly in today's session
Stocks in banks and oil and gas stocks today traded positively and contributed well to the market. There are 10/17 bank codes increasing, mainly ACB, MBB, LPB, TPB. GAS, PVD, BSR also recorded green when closing the session.
The aviation actions also obtained quite good movements. VJC (Vietjet Air) increased VND 1,500 to VND 123,200 / share. HVN (Vietnam Airlines) increased VND 900 to VND 38,500. The Lunar New Year period is also the time when airlines should not eat and do when the demand for travel is too great.
Among the bluechips, VHM (Vinhomes), BVH (Bao Viet Group), FPT (FPT Group) continue to be stocks that have maintained their good performance recently. On the other hand, MSN (Masan), PLX (Petrolimex), NVL (Novaland), VNM (Vinamilk) all fell.
Notably, Hoa Phat's HPG stocks were sold hard today as the largest steel giant in Vietnam suddenly announced that profit results plummeted in the last quarter. Specifically, in the period, Hoa Phat reached about VND 14,500 billion in revenue and VND 1,760 billion in profit after tax. Compared to the fourth quarter of 2017, Hoa Phat's profit declined 27%. This is the first time Hoa Phat's quarterly profit has fallen below the 2000 billion threshold since the third quarter of 2017.
Mr. Tran Dinh Long – Chairman of the Hoa Phat Group
However, accumulated in 2018, Hoa Phat still achieved consolidated revenue of VND 56,500 billion, up 21% over the same period last year; The EAT is 8.6 billion dong, an increase of 7%.
However, the sharp decline in Hoa Phat's fourth-quarter profit led investors to worry about the situation of companies in 2019. As a result, HPG shares were sold hard and lost VND 700 to VND 29,000. / stock, the lowest since December 2017. Foreign investors also sold about 1.5 million shares of HPG today.
With 534.18 million shares of HPG, billionaire Tran Dinh Long – president of Hoa Phat lost about 373 billion dongs today. Mr. Long's current assets amounted to VN 15.491 billion.
Shady business sentiment continues to cover the Vietnamese stock market on the approach days of the Lunar New Year.