Markets

Trading liquidity on the derivatives market has fallen for the past five sessions after the new trading fees came into effect on February 15 (last Friday).— Photo vtv.vn Trading liquidity on the derivatives market has fallen for the past five sessions after the new trading fees came into effect on February 15 (last Friday). On Thursday, a total of 90,354 futures contracts based on the blue-chip VN30 Index were traded on the Ha Noi Stock Exchange’s derivative market. The figure was down 9.5 per cent from the previous session and down nearly 27 per cent from the number recorded on February 14, just one day before the new trading fees were applied. Since new trading fees were applied on February 15, the derivatives market’s total trading volume reached more than 438,200 futures contracts and the figure has decreased by nearly 2 per cent from the number of 447,000 contracts recorded in the previous four trading days. The average trading volume of futures contracts traded … [Read more...] about Derivatives fees repel investors

Eight large-cap stocks may be included in the Financial Times Stock Exchange (FTSE) Emerging Markets Index if Viet Nam gets upgraded from a frontier to an emerging market in 2020. — Photo vietnambiz.vn Eight large-cap stocks may be included in the Financial Times Stock Exchange (FTSE) Emerging Markets Index if Viet Nam gets upgraded from a frontier to an emerging market in 2020, according to Bao Viet Securities Company (BVSC). In a recent report, BVSC said the eight large-cap stocks are property developers Vingroup (VIC), Vincom Retail (VRE) and Vinhomes (VHM), dairy producer Vinamilk (VNM), financial firms Vietcombank (VCB) and Bao Viet Holdings (BVH), and brewer Sabeco (SAB). The eight firms are also among the top 30 largest companies by market capitalisation on the Ho Chi Minh Stock Exchange (HoSE). Data from BVSC shows there are about 27 exchange-traded funds (ETFs) that are invested based on the FTSE Emerging Markets Index with total value of US$76.4 billion. “In the … [Read more...] about Global ETFs may eye eight VN blue chips

More than 95 million shares were traded on the southern bourse, worth VND2.1 trillion (US$91.4 million). — Photo tinhanhchungkhoan.vn Shares extended gains on Wednesday morning thanks to increasing buying demand during the trading session. The benchmark VN-Index on the Ho Chi Minh Stock Exchange inched up 0.80 per cent to close at 972.07 points. The southern market index edged up 0.32 per cent to close trade at 964.35 points on Tuesday. More than 95 million shares were traded on the southern bourse, worth VND2.1 trillion (US$91.4 million). Other large-cap stocks also performed well, boosting the blue-chip VN30 Index 0.57 per cent to 913.00 points. Twenty of the 30 largest stocks by market capitalisation in the VN30 basket advanced while 9 declined. Notably, Vinhomes (VHM) received strong demand, hitting the ceiling price of VND151,900 per share during the session. However, the correcting pressure on the general market was so high that this stock could not maintain the ceiling … [Read more...] about Shares increase on cash flow

The southern market index gained 1.09 per cent to close at 961.30 points on Monday. -- Photo ndh,vn The VN-Index managed a modest rally on Tuesday morning, lifted by individual large-caps even as selling pressures continued to increase, limiting gains. The benchmark VN-Index on the Ho Chi Minh Stock Exchange inched up 0.63 per cent to close at 967.36 points. The southern market index gained 1.09 per cent to close at 961.30 points on Monday. More than 124 million shares were traded on the southern bourse, worth at least VND2.5 trillion (US$107 million). Vinhomes (VHM), Vingroup (VIC) and budget carrier Vietjet (VJC) made strong contributions to maintaining the overall market momentum. VHM gained 3.7 per cent to close at VNĐ85,000 per share. VIC increased by 1.5 per cent to VNĐ115,400 per share. VJC rose 1.9 per cent to VNĐ122,800. Other large-cap stocks also performed well, boosting the blue-chip VN30 Index 0.72 per cent to 911.49 points. Eighteen of the 30 largest … [Read more...] about VN-Index rallies on large-caps

Banking and petroleum stocks help lift the market on Monday morning. — Photo tinnhanhchungkhoan.vn Vietnamese shares gained at a slower pace on Monday morning, driven by financial-banking and petroleum companies. The benchmark VN Index on the Ho Chi Minh Stock Exchange inched up 0.3 per cent to close at 953.73 points. The southern market index gained 4.64 per cent last week. More than 96.4 million shares were traded on the southern bourse, worth nearly VND2 trillion (US$85.6 million). Gainers among banks were the Bank for Investment and Development of Vietnam (BID), VPBank (VPB) and Vietcombank (VCB), which rose between 0.7 per cent and 0.8 per cent. Petroleum stocks continued rising on the expansion of oil prices. Gaining energy stocks included PetroVietnam Gas (GAS), PetroVietnam Drilling and Well Services (PVD) and PetroVietnam Power Corp (POW). Other large-cap stocks also performed well, boosting the blue-chip VN30 Index up 0.26 per cent to 900.10 points. Eighteen of the 30 … [Read more...] about VN markets gain on banking and petro firms