Stocks flat for second dayBy Phuong Thao HCMC – The VN-Index of the Hochiminh Stock Exchange today, September 26, repeated its moves in the previous session, rising in the first half of the morning phase before losing steam and closing almost unchanged from the day earlier. The main index fell a slight 1.13 points, or 0.11%, at 1,009.61, given gainers outnumbering losers by 177 to 128. Trading kept improving with volume and value gaining 12.7% and 4.3% at 261.5 million shares and nearly VND5.2 trillion. The HNX-Index of the Hanoi Stock Exchange bounced back after two consecutive days of losses, inching up 0.05% versus the previous session at 115.58 points. Trading on the northern bourse edged lower with 63.1 million shares worth VND852.7 billion changing hands. Among bank stocks, ACB slid 0.29% at VND33,900 with matching volume of 2.9 million shares, while SHB, the volume leader with 10 million shares traded, moved flat at VND8,800. NVB, meanwhile, rose 1.1% at VND8,900. … [Read more...] about Stocks flat for second day
Stock closed today
Bank stocks lift VN-Index up
Bank stocks lift VN-Index upBy Phuong Thao HCMC – Profit taking pressure kept rising on the local stock market today, August 16, but bank stocks were strong enough to send the VN-Index of the Hochiminh Stock Exchange back into positive territory. With 133 gainers and 128 losers, the main index increased a slight 2.91 points, or 0.3%, at 964.28. Turnover on the southern market slid 7.9% in volume and 2% in value to 174 million shares worth VND4.3 trillion. Having dropped steeply in the morning, many large stocks in the banking and petroleum sectors made a sharp turnaround. In which, lender CTG gained 3.8% at VND26,150 per share and led the market by liquidity with 11.2 million shares traded. MBB, another bank, added 1.7% at VND23,700 per share with matching volume of 7.5 million shares. PLX, a leading oil distributor, gained 2.9% at VND64,600 a share with over 1.4 million shares traded. However, oil drilling firm PVD still lost 2.3% at VND14,750 a share, after Vietcombank … [Read more...] about Bank stocks lift VN-Index up
Small, medium stocks prop VN-Index
Small, medium stocks prop VN-IndexBy Phuong Thao HCMC – Small and medium stocks were heroes on the Hochiminh Stock Exchange again today, July 24, as they saved the VN-Index from a steep decline whereas most large caps made sluggish trade. Property firm HAG stole the limelight as it hit the ceiling price for the second straight session, closing at VND7,080 a share on matching volume of over 20.3 million shares. Its agricultural subsidiary HNG failed to close at the upper daily limit but still climbed 6.4% at VND16,500 per share with 3.3 million shares traded. Other small stocks performed well, especially those in the real estate sector. FLC added 0.5% at VND5,590 per share on matching volume of 13 million shares while QCG hit its upper daily limit for the second straight session, standing at VND8,920 a share with 2.9 million shares changing hands. IDI, an aquaculture and construction enterprise, jumped 5.2% at VND12,250 per share with 3.9 million shares. HPX, another property … [Read more...] about Small, medium stocks prop VN-Index
Property stocks push shares up
Shares recovered solidly after falling sharply in the morning session on Friday as cash poured into the real estate sector. The benchmark VN-Index on the HCM Stock Exchange (HOSE) gained 0.49 per cent to settle at 1,121.21 points. It had dropped 0.51 per cent to close at 1,115.79 points on Thursday. Meanwhile, the HNX Index on the Ha Noi Stock Exchange (HNX) inched up 0.91 points to end at 128.25 points. The index was down 0.74 per cent to end at 127.10 points on Thursday. More than 265.1 million shares were traded on the two local exchanges, worth VND7.6 trillion (US$335.7 million). Market trading conditions were positive, with 251 gaining stocks against 205 decliners, while 270 other stocks remained unchanged. However, only 12 of the 30 largest shares by market capitalisation advanced in the VN30 Index. The VN30 Index was up 0.10 per cent to 1.106,92 points, with more than 78 million shares exchanged, worth VND3.6 trillion. The UPCOM Index on the Unlisted Public Company Market … [Read more...] about Property stocks push shares up
Banks stock drive VN-Index over peak
The benchmark VN-Index on the HCM Stock Exchange advanced 0.62 percent to close at 1.133,31 points, totaling a two-day rise of 0.88 percent. According to BIDV Securities JSC (BSC), the VN-Index surpassed the peak with the dynamics from the smart cash flow. “Positive market sentiment will likely pull the index up in the next session. However, the risk still exists when the division tends to spread and liquidity has not really broke through,” BSC said. The minor HNX Index moved up 0.47 percent to end at 129.66 points. The northern market index advanced 1.16 percent to end at 129.06 points on Monday. More than 289.09 million shares were traded on the two local bourses, worth VND7.9 trillion (US$348 million). On the two stock markets, the market breadth was negative with 268 declining stocks against 214 gaining ones, while 249 other shares ended flat. The UPCOM Index on the Unlisted Public Company Market (UPCoM) fell 0.09 percent to 61.31 points, totaling a two-day lost of … [Read more...] about Banks stock drive VN-Index over peak