Vietnamese shares had a good start on Monday morning, driven up by blue chip stocks. Large-cap stocks performed well to drive the positive market trend. - VNS Photo The benchmark VN-Index on the HCM Stock Exchange gained 0.41 per cent to close at 962.33 points. The southern market index was down 0.53 per cent on Friday to finish last week at 958.36 points, totalling a weekly loss of 1.2 per cent. The HNX Index on the Ha Noi Stock Exchange rose 0.38 per cent to end at 108.50 points. The northern market index rose 0.17 per cent on Friday to end last week at 108.10 points, marking a weekly decline of 1.51 per cent. More than 95.3 million shares were traded on the two local exchanges, worth a total of VND2 trillion (US$85 million). Large-cap stocks performed well to drive the positive market trend. The blue chip VN30 Index gained 0.32 per cent to end the morning session at 934.64. The gainers included Vincom Retail (VRE), up 3.4 per cent; Saigon Securities Inc (SSI), up 1.2 per … [Read more...] about Markets rise on blue chip gains
Blue chip stock market
Blue chips lift markets up
Local stocks advanced on Wednesday morning on the strength of large-cap companies. — Photo tinnhanhchungkhoan.vn Vietnamese shares rose on Wednesday morning, driven by blue chip stocks. The benchmark VN Index on the HCM Stock Exchange gained 0.75 per cent to close at 970.60 points. The southern market index was up 1.23 per cent on Tuesday. The HNX Index on the Ha Noi Stock Exchange rose 0.82 per cent to end at 109.49 points. The northern market index advanced 0.86 per cent in the previous session. More than 121 million shares were traded on the two local exchanges, worth a total of VND2.48 trillion (US $110.2 million). Large-cap stocks performed well to drive the positive market trend. The blue chip VN30 Index gained 0.58 per cent to end the morning session at 944.82. Twenty-five of the 30 largest stocks by market capitalisation in the VN30 basket advanced. The gainers included Binh Minh Plastic JSC (BMP), food and beverage firm Masan (MSN), steel producer Hoa Sen (HSG) and … [Read more...] about Blue chips lift markets up
Blue chips drive market up
Vietnamese shares advanced on Friday morning but liquidity remained low, indicating investors were cautious with the market conditions. - Photo vietnambiz.vn Vietnamese shares gained slightly on Friday morning, driven by large-cap stocks amid weak trading liquidity. The benchmark VN-Index on the HCM Stock Exchange inched up 0.08 per cent to close at 958.93 points. It had lost total 4 per cent in the previous four sessions. The HNX Index on the Ha Noi Stock Exchange was up 0.06 per cent to end at 110.54 points. It was flat on Thursday. More than 115.4 million shares were traded on the two local exchanges, worth VND1.9 trillion (US$85 million). The large-cap VN30 Index gained 0.18 per cent to stand at 933.81 points with half of the 30 largest stocks by market capitalisation advancing. Among gainers were dairy producer Vinamilk (VNM), Sacombank (STB), Vietcombank (VCB), Vincom Retail (VRE) and steel producer Hoa Phat (HPG). On a sector basis, banking and insurance companies were the main … [Read more...] about Blue chips drive market up
Blue chip stocks lift up VN-Index
Viet Nam News HÀ NỘI — The benchmark VN-Index on Monday bounced back from a fall on Friday thanks to the increases of individual large-cap stocks. The benchmark VN Index on the HCM Stock Exchange rebounded 0.36 per cent to finish at 936.74 points. The index plunged 1.12 per cent on Friday. The HNX Index on the Hà Nội Stock Exchange inched down 1.22 per cent to end at 106.30 points, having gained 1.93 per cent on Friday. More than 253 million shares were traded on both local bourses, worth VNĐ5.3 trillion (US$230 million). Overall market conditions were balanced with 224 gainers and 223 losers, while 294 stocks closed unchanged. Large-cap stocks performed well as the VN30 Index that tracks the performance of the 30 largest shares by market capitalisation added 0.52 per cent to 931.31 points. Eighteen of the 30 largest stocks in the VN30 basket made gains, including brewery Sabeco (SAB), budget carrier Vietjet (VJC), FLC Faros Construction Joint … [Read more...] about Blue chip stocks lift up VN-Index
Vietnamese stock market could miss year-end mark
The benchmark VN-Index stood at 913.98 points at the end of the Tuesday morning’s trading session, a drop of almost 300 points – 25 percent – off the peak it had set in April. Given the peaks it reached in the first quarter and the plunge from there in the second, experts are going back on gung-ho predictions they’d made earlier. Bloomberg said last week that the VN-Index has now erased all of its 2018 gains and seen volatility surge to levels not witnessed in more than eight years. Among the reasons being listed for investors withdrawing from the market are global economic fluctuations, trade wars, foreign investment outflows and profit-seeking selling of blue-chip stocks. The Bloomberg report said that investor sentiment had reversed with the U.S. Federal Reserve increasing its basic interest rate, sending the dollar up and the Vietnamese dong down. Foreigners began to leave the Vietnamese market soon after, and outflows only worsened with … [Read more...] about Vietnamese stock market could miss year-end mark
Big players hit hard by unstable stock market in Vietnam
In the first half of 2018, at least 13 major funds and investors on Vietnam’s stock market suffered negative growth rate in their net asset value (NAV), which is value per share of a fund on a specific date or time. Leading this was Hanoi-based Hestia Joint Stock Company registered on the Unlisted Public Company Market (UPCoM) on the Hanoi Stock Exchange (HNX), which saw its NAV falling by 19.4 percent. Thien Viet Securities Joint Stock Company came second with its Thien Viet Growth Fund 2 (TVAM TVGF2) on the Ho Chi Minh stock exchange (VN-Index) dropping 11.6 percent. Other funds and investors in the negative growth list include U.S.-based VanEck Vectors Vietnam ETF (VNM ETF), Passion Investment, Pyn Elite Fund, the TCEF fund of Techcom Capital Co. Ltd, SSI Sustainable Competitive Advantage Fund (SSI SCA), VCBF Leading Investment Fund (VCBF-BCF), Vietfund Management Company (VMFVF4) and Vietnam Enterprise Investment Limited (VEIL), managed by Dragon Capital Group. Why this … [Read more...] about Big players hit hard by unstable stock market in Vietnam
Vietnam stock market hits new low, could go lower
Vietnam’s stock market fell 4.11 percent on Tuesday afternoon, hitting its lowest point this year, following a dramatic plunge in the second quarter. The country’s benchmark stock index, VN-Index, fell 39 points to 908.26 by 2:25 p.m. Tuesday, while the VN30-Index, representing a group of 30 largest capitalization stocks in the country, also fell by 3.7 percent to 895.86. The smaller HNX-Index on the Hanoi Stock Exchange and the UPCoM-Index for unlisted companies also dipped 3.7 percent and more than two percent, respectively. Shares of banks, including Vietcombank and ACB, plunged 4-5 percent. Meanwhile, blue chip stocks like Vinhomes JSC (VHM), Vingroup JSC (VIC), and steelmaker Hoa Sen Group (HSG) were being sold en masse, driving down the entire market. This marks a further drop in Vietnam’s stock market after it plunged 18.19 percent in the second quarter this year, making it the worst-performing market in the world. Local stock companies have anticipated that … [Read more...] about Vietnam stock market hits new low, could go lower
2018 More of the same stock market boom
(VEN) - Nguyen Vu Quang Trung, board member and deputy CEO of the Ho Chi Minh City Stock Exchange (HoSE) Executive Committee, talked about the Vietnamese stock market in an interview with Vietnam Economic News’ Minh Long. Ho Chi Minh City Stock Exchange Executive Committee board member and deputy CEO Nguyen Vu Quang Trung What were the Vietnamese stock market’s outstanding achievements in 2017? Last year was a boom year for the Vietnamese stock market in both size and market liquidity. The benchmark VN-Index on the HoSE gained 0.77 percent to end 2017 at a 10-year high of 984.24 points. This key stock index increased by 48.03 percent since the beginning of 2017. As a result, the benchmark VN-Index was among the top three stock indices with the best growth rates worldwide, along with Argentina and Mongolia’s markets. In addition, liquidity was improved sharply with average trading value of nearly VND 4.981 trillion per session, an increase of 63 … [Read more...] about 2018 More of the same stock market boom
Blue-chips drag market down
Blue-chips drag market downBy Phuong Thao - The Saigon Times DailyHCMC – The local market tumbled after just one rising session on Thursday as almost all large caps sharply declined given strong selling pressure, dragging the VN-Index down 7.35 points, or 2%, against the previous session to close at 360.37. Liquidity on the southern bourse also declined with fewer put-through transactions seen. At the end of the day, there were 46 million shares worth VND787.6 billion traded, dropping 2% and 36% from the previous day respectively. The market opened in the red and after fluctuating in a narrow range for a while, it fell sharply in the middle of the second phase to hit a low of 359.12 points before closing just over a point above that level.The number of falling stocks was four times bigger than that of losers at 187 to 48, including 12 stocks hitting the ceiling prices and 112 stocks dropping to the floor prices. Blue-chips fell across the board with VIC being a rare … [Read more...] about Blue-chips drag market down
Clear skies for VN stock markets
After a busy 2017, foreign investors are gearing up for another eventful year on Vietnam’s fast-growing stock markets. Overseas investors can look forward to another record-breaking year Spotlight on consumer goods, retail, and bankingThe past twelve months have been a busy period for foreign investors in Vietnam. Major state divestments continued to take place, most notably the share sales of Sabeco last month and Vinamilk in November, both of which garnered significant attention from overseas investors. The two sales together earned $5.41 billion for the state budget, and introduced Thai Beverage and Jardine Cycle & Carriage as Sabeco and Vinamilk’s major shareholders, respectively.In the past year, foreign investors have also been active in share sales of leading private firms. One attractive sector is retail, which is poised for growth thanks to Vietnam’s expanding middle class and stronger consumption power. In October, Vincom Retail, … [Read more...] about Clear skies for VN stock markets