Nine inch nails the downward spiral

Tire-puncturing nails found on Ho Chi Minh City roads after Tet break

February 22, 2021 by tuoitrenews.vn

A large number of tire-puncturing nails have been found at multiple locations in Ho Chi Minh City, affecting commuters following the Lunar New Year (Tet) holiday.

According to the observation of Tuoi Tre ( Youth) newspaper reporters, these nails have been spotted at such hotspots as An Phu Dong 2 Bridge in District 2, Vuon Lai Intersection in District 12, Ba Diem Intersection in Hoc Mon District, and sections of National Highway No. 1 in Binh Tan District and Thu Duc City.

A man collects tire-puncturing nails along National Highway No. 1 in Ho Chi Minh City. Photo: Chau Tuan / Tuoi Tre

“The Tet holiday just ended last week and these tire-puncturing nails have been spread on multiple routes to force commuters to use nearby vehicle repair services. They have also become much more difficult to spot,” Nguyen Van Thanh, a 42-year-old resident, said, referring to the Lunar New Year festival.

Thanh, who hails from the southern province of Tay Ninh, has been collecting these nails along National Highway No. 1 to ensure safety for commuters over the past years.

It can be very dangerous if motorbikes run over these metal objects, especially at night, Thanh stated.

Tire-puncturing nails are collected from a road in Ho Chi Minh City. Photo: Chau Tuan / Tuoi Tre

Local authorities remove these nails from local streets on a regular basis but the situation has yet to improve, if not becoming more serious.

These objects usually appear before and after major holidays, when travel demand rises, said Pham Thoai, who lives in District 12.

“I hope that authorities will take assertive measures to deal with this issue,” Thoai added.

Tire-puncturing nails are found on a street in Ho Chi Minh City. Photo: Chau Tuan / Tuoi Tre

Tire-puncturing nails are found on a street in Ho Chi Minh City. Photo: Chau Tuan / Tuoi Tre

Tire-puncturing nails are found on a road in Ho Chi Minh City. Photo: Chau Tuan / Tuoi Tre

A man collects tire-puncturing nails along National Highway No.1 in Ho Chi Minh City. Photo: Chau Tuan / Tuoi Tre

A man collects tire-puncturing nails along National Highway No. 1 in Ho Chi Minh City. Photo: Chau Tuan / Tuoi Tre

Tire-puncturing nails are collected from a road in Ho Chi Minh City. Photo: Chau Tuan / Tuoi Tre

A tire-puncturing nail is found on a road in Ho Chi Minh City. Photo: Chau Tuan / Tuoi Tre

A motorbike has a flat tire after running over nails on a road in Ho Chi Minh City. Photo: Chau Tuan / Tuoi Tre

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VN-Index inches up in week’s first session

February 22, 2021 by e.vnexpress.net

The index spent the morning mostly in the green and even exceeded the 1,180 mark several times, but as investors started selling early afternoon, it closed with a marginal 1.5-point increase.

Trading volume rose 3.7 percent over the previous session to VND15.3 trillion ($664 million). The bourse saw 199 stocks gain and 231 lose.

The VN30 basket, which comprises the 30 largest capped stocks on the HoSE, saw only eight in the green, led by VHM of real estate giant Vinhomes, up 2.6 percent.

It was followed by PLX of fuel distributor Petrolimex, up 1.8 percent.

Three lenders made up the rest of the top five gainers, led by HDB of HDBank, up 1 percent, VPB of VPBank, up 0.9 percent, and TPB of TPBank, up 0.7 percent.

FPT of IT giant FPT Corporation rose 0.3 percent. The ticker has been among the strongest gainers of the VN30 basket in recent weeks, rising 31 percent since the end of January, when the VN-Index plunged.

Twenty VN30 stocks ended in the red, once again led by SBT of sugar producer Thanh Thanh Cong – Bien Hoa Jsc, down 3.7 percent.

Other top losers were REE of industrial appliance maker Refrigeration Electrical Engineering Corporation (REE), down 2.7 percent, PNJ of Phu Nhuan Jewelry and TCH of trucks distributor and assemblers Hoang Huy Investment Financial Services Jsc, both down 2.1 percent.

Several banks were in the red, led by BID of state-owned BIDV, down 0.8 percent, followed by VCB of state-owned Vietcombank, down 0.7 percent, and MBB of Military Bank, down 0.6 percent.

Foreign investors were once again net sellers to the tune of VND613 billion, compared to VND10 billion in the last session. Sales was dominated by several tickers including HPG of steelmaker Hoa Phat Group, CTG of state-owned lender VietinBank and VNM of dairy giant Vinamilk.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, went up 2.94 percent; and the UPCoM-Index for stocks on the Unlisted Public Companies Market gained 0.58 percent.

VN-Index inches up despite technical error

February 22, 2021 by english.thesaigontimes.vn

VN-Index inches up despite technical error

The Saigon Times

Employees of HCMC Securities Corporation are at work. The VN-Index of the Hochiminh Stock Exchange advanced a slight 0.13% on Monday – PHOTO: THANH HOA

HCMC – Despite a technical error in the afternoon and selling pressure caused by information of a new locally transmitted Covid-19 case in Haiphong, the VN-Index of the Hochiminh Stock Exchange rose slightly thanks to a number of hightly-active bluechips today, February 22.

The benchmark index added 1.54 points, or 0.13%, to close at 1,175.04 points. Winning stocks outnumbered losers by 170 to 160. There were more than 630 million shares worth some VND15.3 trillion changing hands on the southern market, increasing 8.9% in volume and 3.7% in value compared with the previous session.

Bank stocks were outstanding performers in the morning. However, BID, TCB, STB and VCB reversed course to end lower in the afternoon, while TPB, VPB and HDB rose only below 1%.

ACB was the biggest gainer among bank stocks, going up 1.6% to VND31,600, with 12.6 million shares traded. STB, MBB, LPB, TCB and CTG also had over 10 million shares changing hands each. STB took the lead on the southern bourse by liquidity with nearly 26 million shares traded.

For other heavyweights, housing developer VHM increased 2.6% to VND105,800 and petroleum stock PLX rose 1.6% to VND31,600. Property firm VIC, tech firm FPT, real estate developer NVL and industrial development corporation BCM added over 0.5%.

RIC of Royal International Corporation shot up to the ceiling price for the 26th straight session. Since January 8, RIC has increased by nearly five times. Securities firm VIX was another stock on the Hochiminh Stock Exchange that shot up to the ceiling price today.

In contrast, dairy giant VNM, retailer VRE, fuel stock GAS, steelmaker HPG, consumer goods company MSN and insurer BVH ended in the red.

On the Hanoi Stock Exchange, the HNX-Index went up 2.94%, or 6.79 points, to close at 237.97 points, with winning stocks outnumbering decliners by 102 to 88. There were 160.68 million shares worth nearly VND1.8 trillion changing hands on the northern bourse.

The main contributors included room service provider THD, up 9.8% to VND184,500, forestry corporation VIF, up 3.9% to VND18,600 and petroleum stock PVS, up 2.8% to VND21,700.

Meanwhile, some bank stocks performed poorly. SHB and NVB fell 1.3% to VND15,700 and 0.7% to VND13,600, respectively.

SHB took the lead by liquidity with 16.46 million shares changing hands, followed by PVS with 14.76 million shares and NVB with 7.84 million shares.

Bank stocks help VN-Index inch up

February 23, 2021 by english.thesaigontimes.vn

Bank stocks help VN-Index inch up

The Saigon Times

A bank teller at Techcombank offers support to a client. Bank stocks contributed significantly to VN-Index’s increase of 0.22% on Tuesday – PHOTO: THANH HOA

HCMC – Bank stocks were the main driver of the local stock market today, February 23, helping the VN-Index of the Hochiminh Stock Exchange add 0.22%, or 2.6 points, to close the day at 1,177.64 points.

The southern market saw winning stocks outnumber losers by 233 to 201. There were 598.2 million shares worth over VND15.4 trillion changing hands, falling 5% in volume but increasing 1% in value against the session earlier.

Bank stocks were outstanding performers, with the biggest gainers being TCB and MBB, which soared 3.1% to VND39,800 and 2.6% to VND27,400, respectively. MBB and TCB were also the most actively traded stocks on the southern bourse with 31.58 million and 26.38 million shares traded, respectively. Some other bank stocks such as HDB, BID and STB inched up approximately 1%.

Major contributors also included securities stock SSI, up 2.3% to VND33,600, and aviation stock VJC, up 1.8% to VND134,000.

In contrast, brewery SAB and consumer goods firm MSN were among the main draggers, dropping 2.1% to VND186,000 and 2% to VND92,700, respectively. Besides, jewelry company PNJ was down 1.9% to VND83,500 and tech firm FPT lost 1.7% to VND75,500.

Other large-cap stocks such as property enterprise VIC, housing developer VHM, dairy producer VNM, steelmaker HPG and petroleum stock PLX lost between 0.2% and 0.7%.

In the group of speculative stocks, many shot up to the ceiling prices, including GVR, VIX, AMD, KSB, VOS, CCL, LSS and TNH. Particularly, RIC of Royal International Corporation shot up to the ceiling price at VND28,850 for the 27th straight session.

Meanwhile, FLC, ROS, LPB, HQC, HAG, HSG, HNG, ITA, HBC, KBC, DLG, LCG and FIT ended in the red.

On the Hanoi Stock Exchange, the HNX-Index went up 0.34%, or 0.81 point, to close at 238.78 points, with winning stocks also outnumbering decliners by 73 to 61. There were 124.7 million shares worth more than VND2 trillion changing hands on the northern bourse.

Some bank stocks were among the major contributors, including SHB, which was up 3.8% to VND16,300 and NVB, rising 7.4% to VND14,600.

Many other bluechips also gained ground like petroleum stock PVS, up 4.2% to VND22,600, securities firm MBS, up 4.6% to VND20,400 and fertilizer firm LAS, up 8.4% to VND8,900.

A number of stocks shot up to the ceiling prices, including TIG, MBG, S99, ACM, TDT, CVN, BNA, SPI, HHG and DNP.

SHB took the lead by liquidity with 31 million shares changing hands, followed by PVS with 15.5 million shares, SHS with 9 million shares and NVB with over 7.2 million shares.

VN-Index barely inches up, HNX-Index soars

February 25, 2021 by english.thesaigontimes.vn

VN-Index barely inches up, HNX-Index soars

The Saigon Times

An electronic stock quotation board shows local stock prices at a securities company in HCMC. The benchmark VN-Index rose 0.29% to 1,165.43 points on February 25 – PHOTO: THANH HOA

HCMC – The local stock market saw the VN-Index inch up slightly due to investors’ cautious sentiment, while HNX-Index soared mainly thanks to THD today, February 25.

The VN-Index of the Hochiminh Stock Exchange added a fractional 0.29%, equivalent to 3.42 points, to end at 1,165.43 points.

Winning stocks outnumbered losers by 220 to 214. There were 510.4 million shares worth over VND13.35 trillion changing hands, falling 15% in volume and 11% in value against the session earlier.

In the VN30 basket, 17 stocks advanced but most of them increased slightly. Low-cost air carrier VJC rose 2.4% to VND135,000 and petroleum stock PLX expanded 1.9% to VND58,400. Both mobile phone retailer MWG and jewelry company PNJ rose 1.4% to end at VND135,700 and VND84,000, respectively.

Other gainers in the basket such as VCB, VRE, HDB, STB, MBB, FPT, GAS and HPG inched up 0.4-1.3%.

In contrast, sugar maker SBT was the biggest loser, falling 1.8% to VND21,950. Besides, housing developer KDH and consumer goods firm MSN both dropped 1.5%, ending at VND18,500 and VND89,600, respectively.

Refrigeration electric engineering corporation REE and dairy giant VNM lost approximately 1.1%. NVL, CTG, TCH, VPB and BID fell slightly.

Steelmaker HPG led the southern market in terms of liquidity with 21.9 million shares changing hands, followed by lenders STB and MBB with 18.3 million and 17.88 million shares, respectively.

In the group of speculative stocks, many stocks reversed course to end higher, including PVD, HQC, ROS, FLC, HBC, HSG, KBC, DIG, NKG, PVT, HCM and HHS.

VIX, HAH, CRC, TDC, TLH, GIL, BCE and SCM shot up to the ceiling prices.

Meanwhile, DXG, IJC, LDG, HAG, LCG, DLG, GEX, HNG and ASM ended in the red.

On the Hanoi Stock Exchange, the HNX-Index surged 3.5%, or 8.31 points, to close the day at 246.2 points, with gaining stocks outnumbering decliners by 103 to 71. There were 113.3 million shares worth nearly VND1.9 trillion changing hands on the northern bourse.

The rise of HNX-Index was mainly supported by service company THD, the biggest stock in terms of market capitalization on the bourse, which shot up to the ceiling price at VND196,000. THD’s market capitalization value now reaches more than VND68 trillion, far outstripping lender SHB, which comes second with VND28 trillion.

Other contributors were construction firm S99, which shot up to the ceiling price at VND29,700, and investment and development company TDT and petroleum stock PVS, which went up 6.3% to VND13,600 and 3.2% to VND22,500, respectively. Besides, securities companies BVS and MBS and stone processing company VCS rose over 2%.

VN-Index inches up in fourth gaining session

March 2, 2021 by e.vnexpress.net

The index started off strong with a gain of nearly 10 points in the morning to hit the 1,990 range and stayed in the green mostly before plunging in the afternoon and closing with a 0.44-point increase, its fourth gaining session in a row.

Trading volume on the Ho Chi Minh City Stock Exchange (HoSE), on which the index is based, fell 4.7 percent to VND15.22 trillion ($659.5 million). The bourse saw 227 stocks gain and 190 lose.

The VN30 basket, comprising the 30 largest capped stocks on the HoSE, saw 12 tickers gain, led by TPB of private TPBank, up 6.3 percent to a new all-time high of VND29,750. The ticker has surged 8.8 percent in the last three sessions.

HDB of HDBank followed with a 3.5 percent gain. But unlike other private banking blue chips, the ticker has not been able to climb back to this year’s peak that it reached on January 15. It is still 4.5 percent away.

VRE of retail real estate arm Vincom Retail gained 1.3 percent, and HPG of steelmaker Hoa Phat Group rose 1.1 percent to another new peak of VND46,700.

VJC of budget airline Vietjet rounded off the top five with a 1.1 percent gain to its highest price since January last year, showing that it is now approaching pre-pandemic figures after going through major slumps in March and July last year.

On the losing side, GAS of the state-owned PetroVietnam Gas Jsc had a 1 percent fall, followed by MBB of Military Bank, down 0.9 percent and POW of electricity distributor PetroVietnam Power Corporation, down 0.8 percent.

Foreign investors were net sellers for the eighth session in a row to the tune of VND731 billion, highest in the last 11 sessions. Selling pressures were strongest on VNM of dairy giant Vinamilk, HPG and MSN of conglomerate Masan Group.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 1.76 percent, while the UPCoM-Index for stocks on the Unlisted Public Companies Market gained 0.4 percent.