Wednesday, 30/01/2019 16:12 (GMT + 7)
After the Vietnamese steel giants announced, hundreds of billions of dongs immediately flew.
After 5 consecutive meetings, the Vietnamese stock market on this trading day saw a slight decline. The psychology of rest close to Lunar New Year's investors with money to buy and sell shares continue to remain low.
The HN Index eventually dropped by 0.09 point (0.01%) to 915.84 points. Corresponding volume and HSX agreement reached VND 3400 billion. By contrast, the HNX HNX Index gained 0.43 points (0.43%) to 102.81 points.
At today's session, the market declined slightly
Stocks in the field of banking and oil and gas stocks have traded positively today and contributed well to the market. There are 10/17 bank codes, especially ACB, MBB, LPB, TPB. GAS, PVD, BSR also have a green color when closing a session.
Air supplies also got quite good moves. VJC (Vietjet Air) has increased VND 1,500 to VND 123,200 / shares. HVN (Vietnam Airlines) increased VND 900 to VND 38,500. The Lunar New Year period is also a time when airlines should not eat and do when the demand for travel is very high.
Among bluechips, VHM (Vinhomes), BVH (the Bao Viet Group), and the FPT (FPT Group) are still stocks that have maintained their good performance recently. On the other hand, there were all MSN (Masan), PLX (Petrolimex), NVL (Novaland), VNM (Vinamilk).
It is noteworthy that Hoa Phat's HPH shares were sold heavily today after the largest steel giant in Vietnam suddenly announced that profits fell in the last quarter. In particular, during that period, Hoa Phat achieved a turnover of 14 500 billion GNI and a profit after tax of 1 760 billion GNI. Compared to the fourth quarter of 2017, Hoa Phat's profit fell by 27%. This is the first time that Hoa Phat's profits fell below 2000 billion in the fourth quarter since the third quarter of 2017.
Mr. Tran Dinh Long – Chairman of the Hoa Phat Group
However, accumulated in 2018, Hoa Phat achieved consolidated revenues of 56.5 billion GNL, an increase of 21% over the same period last year; EAT is 8 600 billion dong, an increase of 7%.
However, the sharp drop in Hoa Phat's profit in the fourth quarter caused investors to worry about the business situation in 2019. As a result, HPG shares were heavily sold and lost VND 700 to 29,000 VND. / stock, the lowest since December 2017. Foreign investors also sell about 1.5 million shares of HPG today.
With 534.18 million shares of the HPG holding, billionaire chairman Tran Dinh Long – Hoa Phat lost only 373 billion dong today. At present, debt securities of Mr. Long amount of 15 491 billion GNI.
The dizzying business sentiment covers the Vietnamese stock market in the time of the lunar new year.