Vietnam’s benchmark VN-Index fell after a four-day rally, dragged down by financial-banking, retail and agricultural stocks. Two investors follow the stock index at the VNDirect Stock Exchange.-VNS Photo Truong Vi The VN-Index on the HCM Stock Exchange dropped 0.38 per cent to close at 952.77 points after gaining a total of 3.1 per cent in the previous four sessions. The HNX-Index on the Hanoi Stock Exchange lost another 0.56 per cent to end at 105.56 points. The northern market also lost 0.56 per cent on Tuesday. More than 249.3 million shares were traded on the two exchanges, worth VND5 trillion (US$225.5 million). The figures were down 11.7 per cent in volume and 1.1 per cent in value compared to Tuesday. Large-cap stocks finished the day in negative territory with the blue chip VN30 Index down 0.54 per cent at 939.31 points and 17 of the 30 largest stocks by market capitalisation declining. The retail sector index fell 2.1 per cent, and the agricultural sector index … [Read more...] about Ho Chi Minh City stocks end 4 day rally
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Vietnam stock market to touch 980 points in August
Vietnamese shares are expected to go up in August as investors look forward to listed companies’ earnings prospects in the remaining five months of the year, especially banks and financial firms. Investors follow transactions at VNDirect Securities JSC. - VNS Photo Truong Vi The benchmark VN-Index on the HCM Stock Exchange gained 0.58 per cent to close last week at 935.52 points, totalling a two-day increase of 0.85 per cent. The HNX Index on the Ha Noi Stock Exchange added 1.07 per cent to end Friday at 105.70 points. It has risen a total of 2.04 per cent in the last two sessions. The increases of the last two days helped the VN-Index finish last week 0.23 per cent higher than the previous one, but the HNX Index fell 1.78 per cent on a weekly basis. The VN-Index has fallen 2.63 per cent since the end of June, while the figure for the HNX Index is 0.44 per cent. An average of more than 252 million shares, worth VND4.82 trillion, was traded in each session of last week. … [Read more...] about Vietnam stock market to touch 980 points in August
Strong agriculture stocks lift Vietnam market
Vietnamese shares advanced for a second session on Friday as mid-cap and small-cap stocks traded in positive territory, especially those in the agriculture sector. Investors watch stocks move at FPT Securities Company. - VNA/VNS Photo The benchmark VN Index on the HCM Stock Exchange gained 0.58 per cent to close at 935.52 points, totalling a two-day increase of 0.85 per cent. The HNX Index on the Ha Noi Stock Exchange added 1.07 per cent to end at 105.70 points. It has risen a total of 2.04 per cent in the last two sessions. The increases of the last two days have helped the VN Index finish the week 0.23 per cent higher than last week, but the HNX Index fell 1.78 per cent on a weekly basis. More than 224.5 million shares were traded on the two local exchanges, worth VND4.27 trillion (US$189.9 million). Yesterday’s trading figures were down 6.3 per cent in volume and up 2.2 per cent in value compared to the previous session. Agriculture stocks lifted the market after the … [Read more...] about Strong agriculture stocks lift Vietnam market
Strong agriculture stocks lift VN market
Investors watch stocks move at FPT Securities Company. — VNA/VNS Photo Vietnamese shares advanced for a second session on Friday as mid-cap and small-cap stocks traded in positive territory, especially those in the agriculture sector. The benchmark VN Index on the HCM Stock Exchange gained 0.58 per cent to close at 935.52 points, totalling a two-day increase of 0.85 per cent. The HNX Index on the Ha Noi Stock Exchange added 1.07 per cent to end at 105.70 points. It has risen a total of 2.04 per cent in the last two sessions. The increases of the last two days have helped the VN Index finish the week 0.23 per cent higher than last week, but the HNX Index fell 1.78 per cent on a weekly basis. More than 224.5 million shares were traded on the two local exchanges, worth VND4.27 trillion (US$189.9 million). Yesterday’s trading figures were down 6.3 per cent in volume and up 2.2 per cent in value compared to the previous session. Agriculture stocks lifted the market after the … [Read more...] about Strong agriculture stocks lift VN market
Shares rise for four consecutive sessions
Shares rose for the fourth consecutive session on Tuesday with an improvement of liquidity, largely on the strength of a handful of banking and individual blue-chips.— VNA/VNS Photo Shares rose for the fourth consecutive session on Tuesday with an improvement of liquidity, largely on the strength of a handful of banking and individual blue-chips. The benchmark VN-Index on the HCM Stock Exchange was up 1.12 per cent to close at 921.27 points. It gained 3.1 per cent during the past four sessions. The HNX Index on the Ha Noi Stock Exchange added 1.65 per cent to end at 104.83 points. The index had increased a total of 6.4 per cent over the last four sessions. Market trading liquidity showed improvement with some 189.3 million shares being traded on the two local exchanges, worth VND4 trillion (US$176 million). Market trading conditions were quite positive on Tuesday, with 170 declining stocks against 266 gainers, while 304 other stocks remained unchanged. Cash flow drove up 18 of … [Read more...] about Shares rise for four consecutive sessions
Shares make gains at the end of session
Investors at FPT Securities Company. — VNS Photo Thai Ha Vietnamese share were mostly unchanged on Tuesday morning, with indices increasing towards the end of the session. The benchmark VN-Index on the HCM Stock Exchange was up 0.31 per cent to close at 913.96 points. It gained 0.22 per cent on Monday. The HNX Index on the Ha Noi Stock Exchange added 0.02 per cent to end at 103.14 points, extending its growth of 0.39 per cent on Monday. Market trading liquidity remained low with more than 93 million shares being traded on the two local exchanges, worth VND1.8 trillion (US$78 million). The banking, property and retail sectors were the two best-performing industries on Tuesday morning. Large-cap stocks underperformed as the blue-chip VN30 Index slipped 0.06 per cent to 903.62 points. Towards the end of the trading session, the blue-chips made a strong reversal with property developer Vingroup (VIC), Techcombank (TCB), JSC Bank for Investment and Development of Vietnam (BID) and … [Read more...] about Shares make gains at the end of session
HOSE releases updates for VN30 basket
The HCM Stock Exchange has announced the latest update to the blue-chip VN30 Index for the next six months from July 23 to January 1, 2019.— Photo tinnhanhchungkhoan.vn The HCM Stock Exchange has announced the latest update to the blue-chip VN30 Index for the next six months from July 23 to January 1, 2019. The VN30 Index tracks down the performance of the 30 largest stocks on the HCM Stock Exchange by market capitalisation and trading liquidity. The latest update of the large-cap stock basket includes three new stocks: Phu Nhuan Jewellery JSC (PNJ), Vietnam Prosperity Joint Stock Commercial Bank (VPB) and Vincom Retail (VRE). PNJ surged 6.2 per cent on Monday, while VPB edged up 0.7 per cent and VRE jumped 3.6 per cent. In return, Bank for Investment and Development of Viet Nam (BID), insurer Bao Viet Holdings (BVH) and PetroVietnam Power Nhon Trach 2 JSC (NT2) are the three stocks that have been axed. BID finished Monday up 2.8 per cent, BVH increased by 1.7 per cent and NT2 … [Read more...] about HOSE releases updates for VN30 basket
Shares rebound in morning session
Shares rebounded on Wednesday morning after two sharp bearish sessions as blue chips gained ground, but liquidity continued to remain low. — Photo tinnhanhchungkhoan.vn Shares rebounded on Wednesday morning after two sharp bearish sessions as blue chips gained ground, but liquidity continued to remain low. The benchmark VN Index on HCM Stock Exchange rose by 0.47 per cent to close the morning session at 966.69 points. It had fallenby 2.55 per cent on Tuesday. The HNX Index on Ha Noi Stock Exchange was up by 1.02 per cent at 111.70 points. The northern index had slipped by 2.18 per cent in the previous session. Nearly 101 million shares, worth VND2.3 trillion (US$103 million), were traded in the two markets during the morning trade session. The market breadth was positive as gaining stocks outnumbered declining ones by 243 to 142, while 372 other stocks remained unchanged. Eighteen of the 20 sectors on the stock market gained, with key industries seeing an increase in share … [Read more...] about Shares rebound in morning session
BUSINESS IN BRIEF 24/4
Leaders of Ho Chi Minh City recently held a meeting with foreign-invested (FDI) businesses, calling on them to work side by side with the southern metropolis of Vietnam toward the goal of fast and sustainable development. The event on April 21 drew representatives of foreign businesses’ associations and nearly 200 FDI companies in HCM City. Secretary of the municipal Party Committee Nguyen Thien Nhan said over the past years, HCM City has made efforts to improve investment climate, step up administrative reforms, streamline procedures, increase transparency and boost IT application in the settlement of administrative procedures to enhance the attractiveness to foreign investment. As a result, the city attracted 6.6 billion USD in FDI in 2017, surging over 90 percent from the previous year. In the first quarter of 2018 alone, the figure stood at 1.37 billion USD, compared to 5.8 billion USD of the entire country. However, he said, HCM City is also facing an array of challenges … [Read more...] about BUSINESS IN BRIEF 24/4
Large-caps strongly support VN-Index
Vietnamese shares rallied on Monday but the uptrend weakened towards the closing minutes due to selling pressure in a number of blue-chips, especially during the ATC session. The benchmark VN-Index on the HCM Stock Exchange (HOSE) gained 1.06 per cent to settle at 1114.53 points, falling from the intraday high of 1116.2 points. It had gained 2.49 per cent to close at 1,102.85 points last Friday. Meanwhile, the HNX Index on the Ha Noi Stock Exchange (HNX) dropped 0.06 points to end at 126.18 points. The index rose 1.24 per cent to end at 126.24 points on Friday. The UPCOM Index on the Unlisted Public Company Market (UPCoM) inched up 0.31 per cent to finish at 59.74 points. It inched 0.43 per cent to finish at 59.56 points on Friday. More than 336.03 million shares were traded on the three local exchanges, worth VND9.6 trillion (US$420.7 million). Market trading conditions turned negative on Monday, with 369 declining stocks against 291 gainers, while 781 other stocks remained unchanged. … [Read more...] about Large-caps strongly support VN-Index