Viet Nam’s benchmark VN-Index was steady on Tuesday as stocks were hit by strong selling and investors were concerned with the movement of the world stock market.— Photo vietnambiz.vn Viet Nam’s benchmark VN-Index was steady on Tuesday as stocks were hit by strong selling and investors were concerned with the movement of the world stock market. The benchmark VN-Index on the HCM Stock Exchange ended almost flat at 1,159.39 points compared to its previous ending level of 1,159.22 points on Monday. The VN-Index has gained total 3.2 per cent in the last seven consecutive sessions following the latest slight increase. More than 214 million shares were traded on the southern exchange, worth VND6.32 trillion (US$281 million). The market breadth was negative as the market was overwhelmed by declining stocks, which outnumbered gainers by 186 to 113. The VN-Index slowed down its growth towards the end of the session after it surpassed the 1,160-point level, touching 1,166.33 … [Read more...] about VN-Index firm amid profit-taking
Vn index
VN Index down from record high
Việt Nam’s benchmark VN Index edged down 0.70 per cent to close at 1,188.29 points on Tuesday as investor confidence was dampened by major declines in US stocks. VN Index down from record high, illustration photo The VN Index on the HCM Stock Exchange had gained a total of 2.5 per cent in the previous two sessions to set its new record high of 1,196.61 points on Monday. More than 255 million shares were traded on the southern bourse, worth nearly VNĐ8 trillion (US$354.6 million). Declining stocks outnumbered gainers by 171 to 121, proving the market trading condition was quite negative. Meanwhile, 48 other stocks ended flat. Large-cap stocks stunned the market as the VN30 Index, which tracks the performance of the 30 largest stocks by market capitalisation, dropped 0.87 per cent to the day-close level of 1,160.97 points. Seventeen of the 30 largest stocks in the basket saw their values decline while 12 others made gains. The worst decliners among those … [Read more...] about VN Index down from record high
VN Index world’s top performing market in Q1
The VN Index, Viet Nam’s benchmark stock index, grew 19.33 per cent in the first three months of this year, becoming the best-performing market in the world, followed by Egypt with 15.52 per cent growth and Brazil with 11.73 per cent. The breakthrough in Viet Nam’s stock market was mainly attributable to rosy macro-economic fundamentals, positive business results of listed companies and high investor expectations for State divestment plans among many large State corporations. - VNA Photo The index ended March 31 at 1,174.46, up a staggering 200 points from the beginning of the year, which was the biggest gain worldwide. Viet Nam’s stock market has been upbeat since the second half of last year but the upward momentum slowed down after March 23 when the index surpassed its March 2007 peak. Rising volatility on the global markets and fears of a trade war between the two biggest economies—the US and China—dampened investor confidence. However, the … [Read more...] about VN Index world’s top performing market in Q1
VN Index hits new high on PMI result
Viet Nam’s benchmark VN Index hit a new record-high on Monday as investors remained confident following the latest updates to the country’s Manufacturing Purchasing Managers’ Index (PMI). Viet Nam’s benchmark VN Index hit a new record-high on Monday as investors remained confident following the latest updates to the country’s Manufacturing Purchasing Managers’ Index (PMI). The VN Index on the HCM Stock Exchange gained 1.89 per cent to close at 1,196.61 points, a new all-time high. The VN Index hit its previous record high of 1,174.46 points on March 30. The southern market index rose a total of 2.5 per cent in the last two sessions. It gained a total of 1.8 per cent last week. More than 245.7 million shares were traded on the southern exchange, worth VND8 trillion (US$357.3 million). The market trading condition was quite balanced with 155 gaining stocks, 140 declining ones and 43 others ending flat. Large-cap stocks extended their strong … [Read more...] about VN Index hits new high on PMI result
VN Index hits new high on investor confidence
Viet Nam’s benchmark VN Index hit a new high on Monday morning, boosted by large-cap stocks, due to positive investor confidence. The market trading condition was positive with 137 gaining stocks against 114 declining ones and 66 others ending flat. - Photo ibrokervn.com The VN Index on the HCM Stock Exchange rose 1.46 per cent to close at 1,191.58 points. It gained a total of 1.8 per cent last week. More than 132.7 million shares were traded on the southern bourse, worth VND4 trillion (US$181.3 million). The market trading condition was positive with 137 gaining stocks against 114 declining ones and 66 others ending flat. Large-cap stocks performed well to boost the southern exchange as the large-cap VN30 Index increased by 1.5 per cent to 1,170.42 points. Twenty of the 30 largest-cap stocks by market capitalisation in the VN30 basket advanced, including FLC Faros Construction (ROS), insurer Bao Viet Holdings (BVH), Saigon Securities Inc (SSI), Binh Minh Plastic (BMP) … [Read more...] about VN Index hits new high on investor confidence