Vn index

VN-Index edges up for second dayKim Ngan HCMC – Multiple stocks, including large caps VNM, SAB, VCB, made gains on the HCMC exchange on December 8, leading the VN-Index to add over five points (0.82%) at 658.89, the second winning session. Viet Capital Securities Company said in a report on December 8 that having taken its cues from a sharp rally in the U.S. market overnight, the VN-Index gained in tandem with regional markets. VNM rose 2% after Singapore’s F&NBEV Manufacturing Pte Ltd announced it would seek to increase its ownership in the dairy firm at a public auction next week, the brokerage said. SAB rocketed to the ceiling for a third day and has quickly taken the lead among advancers, compensating for a faltering ROS with a 4.9% drop, which has skidded 10% so far this week. For a second day, investors went bargain hunting in the financial sector, this time sending STB to the ceiling price after the bank’s plunge to a seven-year low on Wednesday. VCB, BID … [Read more...] about VN-Index edges up for second day

VN-Index approaches 580 pointsPhuong Thao By Phuong Thao - The Saigon Times Daily HCMC – The local stock market moved in a narrow range in much of Thursday’s trading session but managed to advance slightly at the close thanks to rising demand. The VN-Index again approached the resistance level of 580 points, adding 3.62 points, or 0.63%, from a day earlier to close at 578.56. Liquidity on the southern bourse improved strongly, with volume and value jumping 33% and 24.5% to 141 million shares worth over VND2.2 trillion. Viet Capital Securities Company said gainers spread across sectors as 15 of 18 sectors it observed gained on Thursday. “We noticed that full-foreign-room tickers led the market’s gains today despite the lack of news about the foreign ownership limit (FOL) proposal.” Outstanding put-through transactions included 1.9 million HAG shares and 5.8 million KBC shares. Foreigners remained net sellers for the fourth straight day at a net selling … [Read more...] about VN-Index approaches 580 points

VN-Index tumblesPhuong Thao By Phuong Thao - The Saigon Times Daily HCMC – The local market opened the week in a negative mood on Monday with the VN-Index tumbling to below 490 points and liquidity shedding by one-third to around VND1.1 trillion. According to Viet Capital Securities Company (VCSC), exchange traded funds (ETFs) might have mostly wrapped up their rebalancing last Friday but their impact on the stock market remained. Trading data showed significant foreign net outflows of VND190 billion on both bourses, with ETF redemptions the likely catalyst. According to Bloomberg data, the Van Eck ETF saw 300,000 shares redeemed last Friday. There was also market talk saying that the FTSE Vietnam ETF saw around 150,000 to 200,000 shares or up to be redeemed on the same day. “There is typically a two to three day lag on FTSE data so we have been unable to confirm these numbers as of this writing,” VCSC said. The VN-Index also suffered as Masan Group (MSN), the fourth … [Read more...] about VN-Index tumbles

VN-Index seen rising to 430 points this weekPhuong Thao By Phuong Thao - The Saigon Times Daily HCMC – Securities enterprises expect the VN-Index to beat the 430-point level some time this week after the stock market extended its winning streak for an eighth day in a row and a mild correction last Thursday showed signs of retreating. Although this is a strong resistance, most brokers are optimistic about developments of the stock indices in the coming time as many important macro economic policies are seen coming out early this year, fueling investor confidence in the stock market. Last Friday, stocks lost in early trade but strength soon returned, buoyed by the early run of GAS. Finally, the VN-Index reaped an impressive 6.79 points, or 1.62%, to close at 426.06 while the HNX-Index also added 1.12 points, or 1.93%, to close at 59.21. “With such advancements, both indices are just a tad below the resistance levels of 430 points for the VN-Index and 60 points for the … [Read more...] about VN-Index seen rising to 430 points this week

Petroleum stocks send VN-Index downKim Ngan By Kim Ngan - The Saigon Times Daily HCMC – Petroleum stocks GAS, PVD and PVT on October 13 shed around 2% each on news that the Organization of Petroleum Exporting Countries (OPEC) continued to boost crude production despite an oversupply, sending the VN-Index down after three consecutive winning sessions. Closing the trading day, the main index slid 1.26 points (0.21%) to 590.84 points with GAS alone taking away 0.98 point. Investors changed hands 115.3 million shares worth VND1.9 trillion on the Hochiminh Stock Exchange, falling 38% compared to the session earlier.  The put-through market remained active with 13.3 million shares worth VND239.7 billion changing hands. Notably, investors traded over nine million HAG shares in bloc deals.  According to vietstock.vn, finance and bank tickers like BVH, VCB and SSI ended in the red. Losses of the index drivers were attributed to a liquidity drop on the HCMC … [Read more...] about Petroleum stocks send VN-Index down

VN-Index advances to near 580 pointsPhuong Thao By Phuong Thao - The Saigon Times Daily HCMC – The local market increased to near 580 points in the second straight winning session on Wednesday as property, mineral and securities stocks strongly attracted capital flow. Viet Capital Securities Company (VCSC) said that real estate tickers continued to be the eye catcher not only in terms of price performance but also in liquidity. “We think the good sentiment was built on updates on the VND30-trillion credit package for social and affordable housing, showing that the disbursement rate is speeding up after a sluggish 2013 and plans released for infrastructure projects that will help improve project accessibility,” it said. The property sector, as a result, jumped 1.8% although VIC edged up only 0.6%. The VN-Index closed the day at 578.12, rising 3.56 points, or 0.62%, from the session earlier. The VNSmall and VNMidcap indices moved stronger than the overall market with an … [Read more...] about VN-Index advances to near 580 points

VN-Index drops below 470 pointsPhuong Thao By Phuong Thao - The Saigon Times Daily HCMC – As investors remained on the sidelines after the recent three-day public holiday, the local market lost ground for the second straight session on Monday, sending the VN-Index down below the strong resistance of 470 points. The market opened in the red and moved slightly higher before dropping back five points to hit the intraday low of 466.78 points. In the afternoon, the index almost touched the low again before regaining just over a point and a half by the close. With laggards outnumbering gainers by nearly 3-to-1, the VN-Index dropped 4.78 points, or 1.01%, against last Thursday to close at 468.43. HLG, CII, ITA and GMD saw a sharp drop while HSG and PPC posted up some small gains.  Liquidity on the southern exchange remained disappointing with 39.6 million shares worth VND656 billion changing hands. The put-through market saw only one large transaction in VCF going through. Viet … [Read more...] about VN-Index drops below 470 points

VN-Index beats 970 pointsPhuong Thao HCMC – The local stock market had another day of stunning gains on December 4 as large caps attracted huge cash flow, lifting the VN-Index up a massive 9.69 points, or 1.01%, at 970.02. Leading gas group GAS and construction firm ROS were the only losers in the heavyweight group, falling 0.5% and 6% against the previous session at VND49,500 and VND168,000 per share respectively. Having dropped in the morning phase, VRE, a retail enterprise, closed at the reference price of VND49,500 a share on matching volume of 1.58 million shares. Of note, dairy firm VNM advanced 3.5% at VND203,000 a share and beverage company SAB added 0.7% at VND332,300 per share, making the most positive contributions to the main index. In the VN30 basket, steelmaker HSG and petroleum firm PVD went up to the ceiling prices of VND25,650 and VND20,200 a share while their volumes reached 8.1 million shares and 4.8 million shares respectively. Meanwhile, HPG, another steel … [Read more...] about VN-Index beats 970 points

Bank stocks drive VN-Index upPhuong Thao HCMC – Bank stocks drove up the market on November 22, with the VN-Index adding a massive 14.36 points, or 1.56%, from the session earlier at 932.66. Given high cash flow, BID went up to its ceiling price of VND25,700 per share with over four million shares changing hands. CTG climbed 6.8% at VND22,650 a share with matching volume of 4.5 million shares. Other bank stocks also such as VCB, VPB and STB advanced strongly on high turnover. MBB was the volume leader in the sector with 11.3 million shares traded, followed by STB with over seven million shares. Turnover on the HCMC was equivalent to Tuesday’s session with more than 210 million shares worth VND6.4 trillion traded. There were around 28.7 million shares valued at VND1.7 trillion traded in block deals, including large transactions of dairy firm VNM and property enterprise NVL. The VN30 basket had 25 stocks rising and four losing. VNM and property firm VIC eased off week-long … [Read more...] about Bank stocks drive VN-Index up

VN-Index predicted to soar to 900 pointsPhuong Thao HCMC – Securities firms expect the VN-Index to beat 900 points in the near term as the index stood firmly above the psychological level of 890 points last week. The index fell slightly for the first time in two weeks, closing down 0.24% at 890.69 points last Friday. For the week, the index advanced 2.6% on the heels of the previous week’s 2.9% jump, marking the seven-week spike. Vietnam’s leading fuel retailer PLX fell to near a 10-month low while housing developer KDH soared to a record high, securing its 71% gain so far this year, amid heavy foreign buying. Fellow property developer VIC also hit a new high, having picked up 70% since early this year. HT1, a cement maker, surged on possible bottom fishing by investors after the company had plunged 41% over the previous four months through Wednesday. Foreign investors net bought nearly VND2.9 trillion of shares on the HCMC market, making significant contributions to … [Read more...] about VN-Index predicted to soar to 900 points