VN-Index hits 730 points Phuong Thao HCMC – Trading remained lackluster on April 11 but the market still beat the strong resistance of 730 points, helped by blue chips and key stocks in the banking and mining sectors. The VN-Index closed at 731.33 points, rising 0.2% against Monday. Trading value on the HCMC market fell slightly to VND3.6 trillion while volume surged 22% to more than 210 million shares. Banking stocks were key drags in the morning but they bounced back strongly after lunch break. VCB, CTG and MBB, which advanced by 0.5% to 2.3% each, and VNM drove up the main index by 0.2% while beverage stocks SAB and BHN dragged the index down by nearly 0.1%. The mining sector also provided significant support for the upward trend, in which LCM and DHM hit the ceiling prices. In contrast, GAS lost 0.2% at VND56,800 a share after three consecutive losing sessions while three other petroleum stocks, PVC, PVB and PGS, closed sideways. Notably, property stocks dropped strongly … [Read more...] about VN-Index hits 730 points
Dropping point
Bản in : Shares drop for third time
Vietnamese shares on August 21 extended losses to the third day in a row as investors showed little confidence in the market after receiving negative information. However, the market recovered partly at the end of the day. The VN Index on the Ho Chi Minh Stock Exchange was down 1.83 percent to finish at 556.30 points and the HNX Index closed at 77.60 points, a decrease of 1.2 percent. Low confidence in the market resulted in 22 declining sectors out of 23 sectors, including banks and gas companies. The banks were hurt as the State Bank of Vietnam on August 20 suspended Dong A Bank's director general and deputy director general for their faults in the bank's operation. Tran Huu Phuc, manager of Vietcombank Securities Corporation's Brokerage Department, said the information would not have a long-term serious effect on the banking sector. At the end of the day, the banking sector fell 2.95 percent. Vietinbank (CTG) and Sacombank (STB) were the biggest losers with a decrease of 2.6 … [Read more...] about Bản in : Shares drop for third time
Bản in : Vietnam shares drop as oil falls
Vietnam's benchmark stock index fell for a third day on September 4 as volatile global oil prices undermined the country's energy firms. On the HCM Stock Exchange, the benchmark VN Index fell 1.4 percent to finish at 554.3 points, its third consecutive loss. Meanwhile, the HNX Index on the Hanoi Stock Exchange closed at 76.58 points, a decline of 0.6 percent. Stocks were led lower by the energy sector, which fell 2.6 percent. Petrovietnam Gas Corp (GAS), the market's third-largest stock with a capitalisation of 86.6 trillion VND (3.8 billion USD), dropped 4 percent. Petrovietnam Drilling & Well Service (PVD) and Petrovietnam Coating Co (PVB) were down 2.5 and 4.2 percent, respectively. Brokerage Saigon-Hanoi Securities said that the global oil prices would remain unstable in short term and would likely not improve sharply in middle and long term. Crude benchmark West Texas Intermediate has fallen about 6 percent this week to 46.20 USD a barrel after a surge of almost 30 percent … [Read more...] about Bản in : Vietnam shares drop as oil falls
Vietnam secure first point in 2019 Asian Cup qualification
Neither team could field its strongest lineup, with Afghanistan lacking captain midfielder Faysal Shayesteh and Vietnam missing the service of midfield duo Van Thang and Trong Hoang, as well as goalkeeper Van Lam, all due to injuries. The prudence of the two sides’ playing styles led the first half to proceed at a slow pace and see few scoring opportunities emerge. Vietnam enjoyed the most concrete chance to break the deadlock before the interval as captain Thanh Trung’s cunning left-footed free kick from 30 metres in injury time forced Afghan keeper Ovays Azizi to work hard for a rescue. In the second half, Vietnam coach Nguyen Huu Thang put striker Van Toan onto the field seeking to strengthen the white-coloured team’s attack power. The adjustment immediately proved to be a wise choice, as substitute Van Toan, with his activeness and aggression, contributed to creating two consecutive opportunities for Vietnam after just five minutes appearance, one of which was … [Read more...] about Vietnam secure first point in 2019 Asian Cup qualification
Bản in : Vietnamese shares fall as oil prices drop
Hanoi (VNA) – Vietnamese shares on December 7 fell on both local exchanges led by energy firms dragged down by lower global oil prices. The benchmark VN Index on the HCM Stock Exchange fell 1.4 percent to close at 563.62 points and the HNX Index on the Hanoi Stock Exchange was down 0.5 percent to finish at 79.72 points. Local energy companies fell after members of the Organisation of Petroleum Exporting Countries (OPEC) on December 4 decided to maintain current production output quotas to secure their market shares. That decision made global oil prices decline sharply on December 4. The US benchmark crude West Texas Intermediate (WTI) fell 2.7 percent to trade at 39.97 USD a barrel and fell a further 1.4 percent to 39.43 USD in trading in Asia on December 7. As a result, local energy stocks pulled back from their December 4 values. PetroVietnam Gas Corporation (GAS) lost 2.2 percent, PetroVietnam Drilling & Well Services Corporation (PVD) dropped 2.9 percent and Petrolimex … [Read more...] about Bản in : Vietnamese shares fall as oil prices drop