Vietnamese shares fell deeper on Thursday morning as speculative stocks began to lose momentum on profit-taking while trading of large-cap stocks remained quiet. Projector screens show share prices at Saigon Securities Inc’s trading house in Hanoi. - VNS Photo Doan Tung The benchmark VN Index on the HCM Stock Exchange dropped 0.46 per cent to close at 923.29 points. It had lost total 1 per cent in the previous two days. The HNX Index on the Ha Noi Stock Exchange edged down 0.22 per cent to end at 103.36 points. The northern market index declined by total 3.75 per cent in the previous three sessions. More than 136.4 million shares were traded on the two local exchanges, worth VND2.25 trillion (US$100.3 million) Blue chips continued underperforming such as Vincom Retail (VRE), budget carrier Vietjet (VJC), FLC Faros Construction (ROS), VPBank (VPB) and brewer Sabeco (SAB). Those stocks were among 19 large-cap stocks that declined in the VN30 basket, pulling the large-cap … [Read more...] about Vietnam stocks fall on large scale selling
Vietnam stock photos
Vietnam stocks mixed, energy sector up
Vietnamese shares were mixed on Wednesday morning with strong growth in the energy sector, while capital continued to switch from large-cap stocks to mid-cap and small-cap groups. The VN Index on the HCM Stock Exchange inched up 0.16 per cent while the HNX Index on the Ha Noi Stock Exchange dropped 0.15 per cent. - Photo ndh.vn The benchmark VN Index on the HCM Stock Exchange inched up 0.16 per cent to close at 935.54 points. It fell 0.28 per cent on Monday. The HNX Index on the Ha Noi Stock Exchange dropped 0.15 per cent to end at 105.39 points. In the previous two sessions, the northern market index fell a total of 1.92 per cent. More than 150.8 million shares were traded on the two local exchanges, worth VND2.59 trillion (US$115 million). Energy stocks led the market, following recent gains of global oil prices. Brent crude rose 0.65 per cent to trade at $73.92 a barrel. Vietnamese energy stocks dragged the sector up 1.4 per cent, including PetroVietnam Drilling and Well … [Read more...] about Vietnam stocks mixed, energy sector up
Vietnam stocks back down
Vietnamese shares narrowed down a sharp decline on Tuesday as investment switched to mid-cap and small-cap stocks while large-cap firms were seen to move downward due to rising profit-taking pressure. Investors at a trading house of Tan Viet Securities Company.- VNS Photo Doan Tung The benchmark VN Index on the HCM Stock Exchange fell 0.28 per cent to close at 934.08 points after falling as much as 1.11 per cent during the day. The southern market index gained 0.36 per cent on Monday. A similar pattern could be seen on the Ha Noi Stock Exchange as the HNX Index ended Tuesday down 0.71 per cent at 105.55 points, narrowing its intraday declining band of 1.81 per cent recorded earlier in the session. The northern market index lost total 1.92 per cent in the last two sessions. More than 263.5 million shares were traded on the two local exchanges, worth VND5.23 trillion (US$232.5 million). Foreign investors finished Tuesday as net sellers, posting VND351.8 billion in net sell … [Read more...] about Vietnam stocks back down
Vietnam stocks lose steam on late sales
Vietnamese shares fell in the last minutes of trading on Monday as selling pressure weighed down large-cap companies after they grew strongly in the last two sessions. A cashier processes transactions at a Vietcombank office in Nam Dinh City, Nam Dinh Province. Vietcombank shares finished down 1.8 per cent on Monday. - VNA/VNS Photo Tran Viet The benchmark VN Index on the HCM Stock Exchange dropped 0.26 per cent to close at 915.12 points. It had gained as much as 3.3 per cent since Friday before losing momentum on Monday. The HNX Index on the Ha Noi Stock Exchange struggled to earn 0.06 per cent to end at 100.76 points. The northern market index had jumped 4.47 per cent on Friday. The two stock indices lost a total of 4.5 per cent and 5.1 per cent last week. More than 153 million shares were traded on the two local exchanges, worth VND3.26 trillion (US$144.8 million). The market fell on Monday because investors were unwilling to buy stocks given depleting liquidity that … [Read more...] about Vietnam stocks lose steam on late sales
Vietnam stock market falls from 1,000 points again
By Minh Son  June 19, 2018 | 08:48 am GMT+7 An investor looks at a stock market screen at a securities company in Hanoi, Vietnam. Photo by Reuters Latest drop is attributed to supply exceeding demand. Vietnam’s stock market dropped 2.87 percent to more than 987 points on Monday, the second time this year that it has dropped below the 1,000-point level. The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HOSE) fell from 1,000 points for the first time this year on May 23 and did not bounce back to that level until June 4. As supply surpassed demand, sellers were pushed to sell their stocks at all costs, leading to falling prices. The VN-Index hit 984.24 on the last trading day of 2017, the highest ever since 2007, before reaching 1,000 points early in January. Since then, it has stayed at more than 1,000 points until the drop on May 23. … [Read more...] about Vietnam stock market falls from 1,000 points again
Vietnam stocks rebound on bottom fishing
Vietnamese shares bounced back on Wednesday after two consecutive bearish sessions sending stocks down to attractive prices, thus triggering investors to bottom-fish. In front of the VNDIRECT Securities Corporation’s headquarters in Ha Noi, a woman parks her motorbike.-VNS Photo Viet Thanh The benchmark VN-Index on the HCM Stock Exchange inched up 0.31 per cent to close at 988.94 points, reversing from its loss of 5.3 per cent from the last two sessions. The minor HNX Index on the Ha Noi Stock Exchange rose 1.19 per cent to end at 118.11 points after having decreased by a total of 3.8 per cent in the previous two days. More than 230.3 million shares were traded on the two local exchanges, worth VND7.3 trillion (US$319 million). The market trading condition was positive with 249 gaining stocks against 202 declining, while 293 other stocks were unchanged. The VN30 Index, which tracks the southern city’s 30 largest shares by capitalisation and liquidity, rose 1 per … [Read more...] about Vietnam stocks rebound on bottom fishing
Vietnam stock scales new peak, Singapore extends gain
By Reuters  April 6, 2018 | 03:59 pm GMT+7 Traders gather for the IPO of Singapore-based Sea Limited on the floor of the New York Stock Exchange (NYSE) in New York, U.S., October 20, 2017. Photo by Reuters/Brendan McDermid Other Southeast Asian markets slipped as investors awaited China's response for Trump's $100 billion additional tariffs proposal. Singapore and Vietnam shares extended gains on Friday while other Southeast Asian markets slipped as investors awaited China's response after U.S. President Donald Trump proposed $100 billion in additional tariffs. "The silver lining is that Trump did open a path for de-escalation, stating that the U.S. is prepared to have discussions," Mizuho Bank said in a note. "The ball is now in China's court to either play hardball or change to a more conciliatory tone. Markets are thinking that much is posturing for negotiations, but the risk is that tit-for-tat can spiral beyond a point where it becomes … [Read more...] about Vietnam stock scales new peak, Singapore extends gain
Vietnam stocks hit hardest in SE Asia as rising US yields choke risk appetite
Southeast Asian stock markets plunged on Monday as rising U.S. bond yields on worries over the prospect of higher interest rates rattled equity investors, with Vietnam shedding five percent to record its steepest fall in nearly two and a half years. Asian shares fell their most in over a year after fears of resurgent inflation toppled Wall Street on Friday from all-time highs. Vietnamese shares plummeted 5 percent on Monday, one week before Tet, the biggest holiday of Vietnamese people when they celebrate a new lunar year, marking their worst day since August, 2015. Experts in the field say investors' strong tendency to sell shares to call it a year before Tet has affected the country's stock market. MSCI's broadest index of Asia-Pacific shares outside Japan dropped as much as 2 percent, extending losses into a third straight session. “There is a cautious mood currently because of the sudden surge in yields, so I think markets are trying to adapt to this changing environment … [Read more...] about Vietnam stocks hit hardest in SE Asia as rising US yields choke risk appetite
Vietnam stocks expected to correct this week
Investors monitor the market at the ACBS Securities office in Hanoi (Photo: VNA) Hanoi (VNS/VNA) - Vietnam’s benchmark VNIndex has extended its growth for a fourth straight week, though recent market trading conditions suggest the benchmark index could struggle with rising selling pressures this week. The benchmark VN Index on the Ho Chi Minh Stock Exchange ended last week at 1,050.11 points, posting a weekly gain of 3.7 percent. The minor HNX Index on the Hanoi Stock Exchange finished January 12 at 120.76 points and recorded a weekly growth of 1.5 percent. The benchmark index has increased by 6.7 percent since the beginning of the year, and 12.3 percent since mid-September, while the northern market index has risen 3.3 percent and 8.2 percent during the same period. An average of more than 405.6 million shares, valued at 9.27 trillion VND (412.2 million USD), were traded on the two local exchanges in each session last week. Also, market trading liquidity reached a … [Read more...] about Vietnam stocks expected to correct this week
Top 10 Vietnam stock market events of 2017
The Securities Journalists Club on Wednesday announced the top 10 biggest events on Viet Nam’s stock market in 2017. 1. Inauguration of the derivatives market A number of listed businesses have seen their market value swell by additional US$1 billion each in 2017. — Photo bizlive.vnOn August 10, Deputy Prime Minister Vuong Dinh Hue pressed the button to launch the derivatives market, marking a milestone in the development of Viet Nam’s securities market.The derivatives market, starting with the VN30-Index future contracts first, was hailed as an important component to completing the structural development of the financial market as well as key part of the development strategy for the securities market in the future.The market, managed by the Ha Noi Stock Exchange, saw over 946,300 contracts traded and 15,800 trading accounts set up over the past two months. 2. VN-Index hits decade-highAfter being hit hard by the global financial crisis in 2008 when foreign capital … [Read more...] about Top 10 Vietnam stock market events of 2017