VN-Index near 1,000 points againBy Phuong Thao HCMC – Though the performance of blue chips was mixed, strong foreign demand was able to send the VN-Index of the Hochiminh Stock Exchange to near the strong level of 1,000 points again today, August 28. The value of shares net bought by foreign investors on both HCMC and Hanoi bourses rose to a two-month high of nearly VND300 billion today, in which they net purchased VND283 billion of shares on the southern bourse. They chiefly bought shares of steel maker HPG with a net buying value of VND140.9 billion. On the Hanoi Stock Exchange, foreign investors net bought a slight VND1.6 billion of shares after net selling VND3.9 billion on Monday. Notably, they net purchased VND4.9 billion of shares in petroleum technical service firm PVS. The main index closed the day up 3.27 points, or 0.33%, at 995.19. There were 17.3 million shares worth VND4.3 trillion changing hands on the southern market, down 7% and 3% against the previous … [Read more...] about VN-Index near 1,000 points again
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VN-Index struggles to maintain rally
Viet Nam News HÀ NỘI — The exciting movement of the market on Monday morning was extinguished by selling pressure increasing in the afternoon, affecting many large-cap stocks. The benchmark VN-Index on the HCM Stock Exchange rose 0.49 per cent to close at 991.92 points. It made a weekly gain of 1.9 per cent last week. The HNX Index on the Ha Noi Stock Exchange remained unchanged at 111.62 points. It increased 3.33 per cent last week. Liquidity stood above the moderate level with more than 243 million shares traded on the two local bourses, worth nearly VND5.2 trillion (US$225.6 million). Financial-banking, securities and insurance were the main driving factors of the stock market on Monday. Among those industries, the insurance sector index jumped 2.4 per cent and the figures for banking and brokerage sectors were between 2 per cent and 2.5 per cent, data on vietstock.vn showed. Mixed performance was seen among the top 30 largest stocks by market capitalisation … [Read more...] about VN-Index struggles to maintain rally
VN-Index exceeds 990 points on August 27
Illustrative image (Source: VNA) Hanoi (VNA) – The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) gained 4.87 points to stay at 991.92 points on August 27, with 189.5 million shares valued at more than 4.47 trillion VND (192 million USD) traded. On the Hanoi Stock Exchange (HNX), the HNX-Index settled at 111.62 points. In the VN30 basket, which measures the performance of 30 stocks with the highest market capitalisation and liquidity on the HoSE, such codes as CII, GAS, HPG, HSG, SAB, VIC and VJC increased on the day, ranging from 0.2 percent to 2.8 percent. Meanwhile, VNM declined 1.2 percent; ROS, down 1 percent; and DHG, down 2.3 percent. The banking sector also contributed significantly to the market, especially CTD, BID, MBB, SHB, VCB and VPB, which posted increases from 1 percent to 4.2 percent. The upward trend was also seen in the group of financial services like FTS, HCM, SHS, SSI, VCI, VDS and VND. Foreign investors posted a net buy value of … [Read more...] about VN-Index exceeds 990 points on August 27
VN Index to rise amid volatility, weak liquidity
Investors follow stock movements at FPT Securities Company (FPTS) in Hanoi (Photo: VNA) Hanoi (VNS/VNA) - Vietnamese shares are forecast to extend their growth in the final week of August by a marginal rate while volatility is widely expected by analysts as buyers are believed to be cautious due to the lack of news that could bolster optimism in the market. The benchmark VN Index on the HCM Stock Exchange was down slightly to end at 987.95 points on August 24. It made a weekly gain of 1.9 percent last week. The HNX Index on the Hanoi Stock Exchange advanced 1 percent the same day to finish last week at 111.62 points, making an increase of 3.33 percent week on week. The HNX Index on the Hanoi Stock Exchange advanced 1 percent the same day to finish last week at 111.62 points, making an increase of 3.33 percent week on week. According to analysts, the VN Index may continue rising this week to reach its old peaks of 990 points and 1,000 points with strong volatility and low trading … [Read more...] about VN Index to rise amid volatility, weak liquidity
VN Index seen to rise amid volatility, weak liquidity
Vietnamese shares are forecast to extend their growth in the final week of August by a marginal rate while volatility is widely expected by analysts as buyers are believed to be cautious due to the lack of news that could bolster optimism in the market. The benchmark VN Index on the HCM Stock Exchange was down slightly to end Friday at 987.95 points. It made a weekly gain of 1.9 per cent last week. The HNX Index on the Ha Noi Stock Exchange advanced 1 per cent the same day to finish last week at 111.62 points, making an increase of 3.33 per cent week on week. The HNX Index on the Ha Noi Stock Exchange advanced 1 per cent the same day to finish last week at 111.62 points, making an increase of 3.33 per cent week on week. According to analysts, the VN Index may continue rising this week to reach its old peaks of 990 points and 1,000 points with strong volatility and low trading liquidity. Last week, the Vietnamese stock market recorded an average of 193 million shares being traded on … [Read more...] about VN Index seen to rise amid volatility, weak liquidity