VN-Index recovers stronglyPhuong Thao HCMC – The stock market opened the week with a strong recovery on June 5, buoyed by banking stocks and a number of large caps. The VN-Index added 4.68 points, or 0.63%, against last Friday at 743.49. VNM, VCB, PLX, BID and GAS drove the main index up by nearly 0.8%, with VNM and lenders VCB, BID and STB contributing over 0.54% to the gain. According to securities enterprises, bank stocks got a boost as the Ministry of Finance issued a circular guiding debt trading service. While most banks hailed the information, CTG and MBB saw their gains down in the afternoon while EIB closed the day at the reference price. In contrast, ROS, HAG and HNG led the decliners and removed over 12 basis points from the index. HAG and its affiliate HNG plunged to the floor prices in the afternoon phase, closing at VND8,300 and VND10,150 a share with trading volume of 11.3 million and 4.7 million shares respectively. Notably, foreigners net sold over two million … [Read more...] about VN-Index recovers strongly
Vn index
VN-Index jumps over 13 points
VN-Index jumps over 13 pointsPhuong Thao HCMC – The local stock market bounced back strongly after dropping in the morning, and closed the session on January 15 on a positive note, with the VN-Index jumping a massive 13.36 points, or 1.27%, at 1,063.47. Turnover on the HCMC contracted against last Friday as trading volume and value slid 17.7% and 22% at 292.7 million shares worth VND7.7 trillion. The VN30 saw up to 21 stocks rising while seven others declined. Dairy firm VNM and consumer goods enterprise MSN were among key losers, falling 0.7% and 0.22% respectively. In contrast, VIC, a property enterprise, advanced over 2.1% at VND87,200 a share on matching volume of nearly four million shares. Meanwhile, low-cost carrier VJC jumped 3.5% at VND160,900 a share and leading fuel distributor PLX increased 4.4% at VND90,500 per share. In the banking sector, VCB closed at the intraday high of VND60,000 per share, up 3.4% versus the previous day, and reported matching volume of over … [Read more...] about VN-Index jumps over 13 points
Bank stocks drive up VN-Index
Bank stocks drive up VN-IndexPhuong Thao HCMC – All eight bank stocks on the HCMC exchange gained ground with turnover turning strong on January 11, helping the VN-Index jump 10.06 points, or 0.97%, versus the previous session at 1,048.17. STB again took the lead by liquidity on the southern bourse with 24.1 million shares changing hands, rising 4.2% at VND16,250 a share. HDB rallied for the fifth straight day, adding 5.5% at VND42,500 per share, while MBB advanced 1.4% at VND28,150 per share with matching volume of 9.9 million shares. However, the stock exchange saw turnover declining compared to Wednesday, with trading volume and value shedding 16% and 13.8% to 314.6 million shares and VND7.9 trillion. There were 26 million shares worth VND1.2 trillion traded in put-through trade, including 3.6 million shares of property firm NVL and 1.5 million shares of retail group VRE. Among heavyweights, PLX, a leading fuel distributor, gained 3.8% at VND88,200 a share while VRE added 4.2% … [Read more...] about Bank stocks drive up VN-Index
VN-Index beats the 1,000-point level
VN-Index beats the 1,000-point levelPhuong Thao HCMC – The VN-Index conquered the important psychological level of 1,000 points thanks to strong cash flow on January 3, adding 9.9 points, or 0.99%, versus Tuesday at 1,005.67, a level unseen in a decade. The historic index of 1,170 points was recorded in March 2007 when the stock market was in a wild, feverish mood, but ever since the stock market has taken a deep dive lasting for years. Ending the session on January 3, trading volume and value improved 27.5% and 11.6% at 237.3 million shares worth VND6.3 trillion, including 24.5 million shares traded in block deals with the combined value of VND666.4 billion. FLC, a speculative stock active in the property sector, was the volume leader with 15.8 million shares traded, followed by lender STB with 15.6 million shares. Most bank stocks saw slight correction after nice rallies on Tuesday, preventing the main index from hitting the 1,010-point level. BID slid 0.7% at VND26,800 a … [Read more...] about VN-Index beats the 1,000-point level
VN Index rises for fifth straight session
Viet Nam’s benchmark VN Index rose slightly yesterday as recent growth of local stocks triggered investors to sell to make some profit.The benchmark index on the HCM Stock Exchange inched up 0.19 per cent to close at 1,050.11 points, making gains in all five trading sessions of the week with a weekly growth of 3.7 per cent.The minor HNX Index on the Ha Noi Stock Exchange fell 1.70 per cent to end at 120.76 points after increasing 0.75 per cent on Thursday.The northern market index has gone through a volatile week, growing 1.5 per cent from the previous trading week.The stock market was dominated by losing stocks, which outnumbered gainers by 275 to 217.More than 490.5 million shares were traded on the two local exchanges, worth VND11.9 trillion (US$531.5 million).Both local exchanges posted a new record high in trading value, which was up 31 per cent compared to Thursday.Trading condition among large-cap stocks was poor as 21 of the 30 largest stocks by market capitalisation in … [Read more...] about VN Index rises for fifth straight session
VN Index shows signs of correction on investors’ selling
Viet Nam’s benchmark VN Index gained slightly on Friday morning, as selling increased after the index passed the 1,055 point level.The benchmark index on the HCM Stock Exchange edged up 0.34 per cent to close at 1,051.69 points, narrowing its growth from its peak of 0.9 per cent.The VN Index advanced nearly 1 per cent on Thursday.The minor HNX Index on the Ha Noi Stock Exchange was down 0.16 per cent, to end at 122.64 points. It increased by 0.75 per cent on Thursday.More than 296.3 million shares were traded on the two local exchanges, worth VND7.1 trillion (US$315.5 million).The market trading condition was negative, dominated by 255 declining stocks against 183 gaining shares.Such conditions signaled a rough trading session for the market in the afternoon.The stock market was boosted by rising investors’ interest in property developers, which are expected to deliver positive earnings reports for 2017.Also, the real estate sector index gained 2.6 per cent, data on … [Read more...] about VN Index shows signs of correction on investors’ selling
VN-Index gains may not last
The VN-Index made gains for the fourth straight day on strong capital inflow, but analysts warn of a possible profit-taking correction today.On the HCM Stock Exchange, the VN-Index rose 0.97 per cent to close Thursday at 1,048.17 points, lifting the four-day gain to 3.5 per cent.Meanwhile, the HNX-Index on the Ha Noi Stock Exchange ended up 0.75 per cent higher at 122.84 points after a slight decline on Wednesday.Market breadth was positive when rising shares outnumbered losers by 263-218. Other 244 closed flat.According to BIDV Securities Co (BSC), strong cash is flowing into small and medium stocks. This pushed up the VN-Index, despite profit-taking selling in large-cap groups.“Cash flow focusing on the VN30 was trending to spread outside the market," BSC’s analysts wrote in a daily market review. "Stocks supported by positive information are attracting attention.”.Large caps remained in uptrend but division was taking place when the number of stocks in the VN30 … [Read more...] about VN-Index gains may not last
VN Index steady amidst rising profit earning
Viet Nam’s benchmark VN Index was steady on Thursday morning despite investors’ profit-making that hit large-cap stocks.The benchmark index on the HCM Stock Exchange inched 0.16 per cent to close at 1,039.78 points. It had gained a total of 2.5 per cent in the previous three sessions.The minor HNX Index on the Ha Noi Stock Exchange lost 0.14 per cent to end at 121.75 points, extending its decline from a 0.18 per cent fall on Wednesday.Nearly 242 million shares were traded on the two local exchanges, worth VND5.27 trillion (US$234.3 million).Large-cap shares underperformed as the VN30 Index, tracking the performance of the 30 largest companies by market capitalisation, was down 0.25 per cent to 1,037.14 points, with 21 declining stocks.The worst-performing stocks in the VN30 basket were Coteccons Construction (CTD), steel producers Hoa Phat (HPG) and Hoa Sen (HSG), Vietinbank (CTG) and PetroVietnam Drilling and Well Services (PVD).On a sector basis, all industries that saw … [Read more...] about VN Index steady amidst rising profit earning
VN Index rises for third day
Vietnamese shares finished Wednesday on a mixed note, hit by strong profit-taking. Energy shares continued to benefit from rising oil prices.The benchmark VN Index on the HCM Stock Exchange climbed 0.44 per cent to close at 1,038.11 points, narrowing its growth from the intraday peak of 1.1 per cent.The southern market index has gained total 2.5 per cent after the last three trading sessions.Meanwhile, the HNX Index on the Ha Noi Stock Exchange fell 0.18 per cent to end at 121.93 points. It had risen a total of 2.7 per cent in the previous two sessions.Market trading liquidity reached a record high with more than 464.3 million shares being traded on the two exchanges. They were worth VND10.6 trillion (US$471.2 million).The trading figures increased by 12.3 per cent in volume and nearly 15 per cent in value compared to Tuesday.The stock market was buoyed by strong growth of energy firms, whose share values were supported by the increase of crude prices.Brent crude added 0.4 per cent to … [Read more...] about VN Index rises for third day
VN Index among 10 high-growth stock indexes
VietNamNet Bridge - Analysts believe that the upward trend of the stock market will continue in the last months of the year, with the VN Index soaring to 820-850 points by the end of 2017.The VN Index on October 6 reached 807.8 points, a 10-year peak. This represents a 21.6 percent increase this year, the fastest growth rate in South East Asia and the 10th fastest in the world.By the end of 2006, the total capitalization value of the Vietnamese stock market had been reported at $14 billion, but the figure soared to $120 billion, up by 67 percent compared to the end of 2016, equal to 60 percent of GDP."Stable macroeconomic policies open up bright prospects for the economy. According to economic laws, the stock market is always ahead of economic growth, so the strong rise of the stock market is quite reasonable," said Duong Anh Vu, a financial expert.In the first nine months of the year, the investors bought more than sold by $625 million on the Hanoi and HCMC bourses. Meanwhile, net … [Read more...] about VN Index among 10 high-growth stock indexes