More than 123.8 million shares were traded in the morning session, worth VND2.4 trillion (US$101.6 million). — VNA/VNS Photo The benchmark VN-Index on the Ho Chi Minh Stock Exchange rose slightly on Thursday morning, driven by investor confidence in the stable movement of indices and positive condition of the global market. The benchmark VN-Index gained 0.24 per cent to end at 963.55 points. The southern bourse index had gained 0.70 per cent to close at 961.28 points in the previous session. The HNX-Index on the Ha Noi Stock Exchange fell 0.12 per cent to close at 107.55 points. The Ha Noi index had advanced 1.02 per cent to end at 107.68 points on Wednesday. More than 123.8 million shares were traded in the morning session, worth VND2.4 trillion (US$101.6 million). According to Reuters, US stocks closed up on Wednesday afternoon, though they were well below their session highs as investors pulled back in the last few minutes of trading despite optimism about US-China trade … [Read more...] about VN-Index advances on investor optimisim
Giant defy advanced 1 white
VN stocks advance despite investor concerns
Investors watch share movements on a Bao Viet Securities trading floor. — VNA/VNS Photo Pham Hau Vietnamese shares extended their gains on Thursday morning despitecautious investor sentiment and increasing selling pressure. The benchmark VN Index on the HCM Stock Exchange rose 0.29 per cent to close at 985.01 points. It has gained a total of 2.16 per cent in the previous five sessions. The HNX Index on the Ha Noi Stock Exchange ended at 110.01 points, little changed from Wednesday’s close of 109.99 points. More than 98 million shares were exchanged on the two bourses, worth VND2.09 trillion (US$92.9 million). Market trading was balanced with 195 declining stocks and 185 gainers. Low liquidity indicated that investor sentiment was poor in the morning, according to securities firms. Large-cap VN30 Index remained positive, gaining 0.11 per cent to finish at 960.69 points, but half of the 30 largest stocks in the basket declined while only nine advanced. Among the gainers were … [Read more...] about VN stocks advance despite investor concerns
Foreign fast food giants defy losses in Vietnam
illustration photo In the red In Vietnam, Lotteria and KFC are considered the leading fast food brands. However, the financial statement of Lotteria showed that the fast food chain recorded after-tax losses were VND118 billion ($5.22 million) and VND135 billion ($6 million) in 2015 and 2016 respectively. By the end of 2016, Lotteria’s accumulated losses were more than VND413 billion ($18.27 million), while its charter capital reached only VND433 billion ($19.16 million), as reported by local media. In the meantime, Lotteria’s competitor, KFC also reported losses with a low profit margin at around 15 per cent in 2016. This was even lower in the previous year, at only 10 per cent. As a result, KFC lost VND25 billion ($1.1 million) in 2015 and made a profit of VND15 billion ($664,000) in 2016. The Fast Food in Vietnam report by Euromonitor International reveals that many international fast food brands in Vietnam have declined in 2017, including Burger King, Popeyes, Subway, … [Read more...] about Foreign fast food giants defy losses in Vietnam
VN stocks advance on positive market sentiment
Vietnamese shares advanced on Friday morning as investor sentiment improved after global stocks traded positively overnight on Thursday. — Photo tinnhanhchungkhoan.vn Vietnamese shares climbed on Friday morning as good investor confidence drove up the performance of banks, financial firms and real estate companies. The benchmark VN-Index on the HCM Stock Exchange was up 1.22 per cent to close at 909.51 points. It rose 0.6 per cent on Thursday. The HNX Index on the Ha Noi Stock Exchange added 1.90 per cent to end at 102.35 points, extending its growth for a second session. Market trading liquidity remained low with more than 96 million shares being traded on the two local exchanges, worth VND1.74 trillion (US$77.5 million). Investor confidence remained positive after the US market traded well overnight on Thursday following the easing of trade tensions between the US and China. The banking, securities, insurance, property and retail sectors were the five best-performing … [Read more...] about VN stocks advance on positive market sentiment
Nasdaq jumps 1.4% to close at new record ahead of big US earnings
Wall Street was back in buying mode on Thursday (Jul 12), pushing the Nasdaq to a fresh record as high hopes for earnings season overshadowed trade war fears. Traders work on the floor of the New York Stock Exchange. (Source: AP Photo/Richard Drew) The Dow Jones Industrial Average gained 224.44 points (0.91 per cent) to close at 24,924.89. The broad-based S&P 500 advanced 24.27 points (0.87 per cent) to 2,798.29, while the tech-rich Nasdaq Composite Index jumped 107.31 points (1.39 per cent) to finish at 7,823.92, its first record since Jun 20. Shares of large technology companies including Apple, Amazon and Microsoft won more than 1.5 per cent, along with industrial heavyweights Boeing and Caterpillar. Stocks had risen four straight sessions until new US tariff actions throttled stocks on Wednesday. But investors shook off those fears again on Thursday. "With President Trump in Europe this week, the trade wars issue is on hold and has taken a back seat," said Gorilla … [Read more...] about Nasdaq jumps 1.4% to close at new record ahead of big US earnings