Markets

Among banks, only Vietcombank (VCB), Techcombank (TCB) and VPBank (VPB) gained value, Vietinbank (CTG) and Military Bank (MBB) closed flat. BIDV (BID) decreased. — Photo vietstock.vn The benchmark VN-Index again failed to overcome the 1,000-point threshold in Thursday’s morning trade following the slowdown of banking and energy stocks. On the Ho Chi Minh Stock Exchange, the VN-Index edged up just 0.2 per cent to 997.55 points. On the Ha Noi Stock Exchange, the HNX-Index inched up 0.1 per cent at 114.31 points. Banking and oil and gas stocks which boosted the market in the early morning trade slowed down towards the end of the session under high selling pressure. PV Gas (GAS) and PetroVietnam Drilling and Wells Service (PVD) maintained growth of over 1 per cent each but PetroVietnam Technical Services (PVS) and PetroVietnam Coating (PVB) increased by less than 0.5 per cent. Petrolimex turned to lose 0.14 per cent. Among banks, only Vietcombank (VCB), Techcombank (TCB) and … [Read more...] about VN-Index fails to overcome 1,000 points

Vietnamese shares edged up slightly on Wednesday afternoon as investors tried to lock in profits after the benchmark VN-Index surpassed the 1,000-point level, before falling back. The VN-Index on the HCM Stock Exchange gained 0.21 per cent to close at 995.54 points. It rose as much as 0.84 per cent during the day. The southern market index has totalled a two-day increase of 0.80 per cent. The HNX Index on the Ha Noi Stock Exchange was up 0.53 per cent to end at 114.20 points, extending growth from an increase of 0.74 per cent on Tuesday. More than 307.6 million shares were traded on the two local exchanges, worth VND5.95 trillion (US$264.4 million). The market trading condition was positive with 247 gaining stocks, 193 declining stocks and 129 others ending flat. After surpassing the landmark of 1,000 points in the morning, the VN-Index encountered strong selling pressure as investors intended to take profits from the benchmark’s rally, which has lasted since early September. The … [Read more...] about Stocks up slightly on profit-taking

Vietnamese shares were on the positive side Tuesday morning, driven by financial-banking stocks. - Photo tinnhanhchungkhoan.vn Vietnamese shares gained on Wednesday morning driven by financial-banking stocks. The benchmark VN-Index on the HCM Stock Exchange was up 0.75 per cent to end at 1,000.93 points. The southern market index advanced 0.60 per cent on Tuesday. The HNX Index on the Ha Noi Stock Exchange increased by 1.05 per cent to close at 114.79 points. The northern market rose 0.74 per cent in the previous session. More than 194 million shares were exchanged on the two bourses, worth VND3.58 trillion (US$159.2 million). Banks, securities firms and insurance companies were the major driving factors in the morning session. The three sector indices were up between 0.6 per cent and 0.9 per cent, data on vietstock.vn showed. Gainers included Sai Gon-Ha Noi Bank (SHB), Techcombank (TCB), VPBank (VPB), Viet Capital Securities (VCI), MB Securities (MBS) and VNDirect Securities (VND). … [Read more...] about VN markets up on back of financial stocks

Saigon Cosmetics Corporation (SCC) has attracted VND22 billion (US$940,000) from two new shareholders to support growth as competition heats up in the domestic cosmetics market.— Photo theleader.vn Saigon Cosmetics Corporation (SCC) has attracted VND22 billion (US$940,000) from two new shareholders to support growth as competition heats up in the domestic cosmetics market.   For the first time in the 10 years since it became a public company, the Saigon Cosmetics Corporation (SCC) has announced two strategic investors are buying over 1 million shares more than a month after launching private offerings. They are Ho Chi Minh City Securities Corporation (HSC) and Ngo Hung Dung. Of these, HSC has registered to buy more than 842,000 shares limited transfer in a year, holding 8.87 per cent of SCC’s capital after the issuance. Meanwhile, Ngo Hung Dung has registered to buy more than 194,000 shares, holding 2.05 per cent of the capital. With the price of VND21,000 per share, … [Read more...] about Strategic investors put VND22b into SCC

The statue of a bull and a bear in front of the HCM Stock Exchange. The benchmark VN Index lost 0.25 per cent to close Tuesday morning at 985.12 points. — Photo tinnhanhchungkhoan.vn Vietnamese shares fell on Tuesday morning, dragged down by low investor confidence following the announcement of US tariffs on US$200 billion worth of Chinese imports. The benchmark VN Index on the HCM Stock Exchange dropped 0.25 per cent to close at 985.12 points. The southern bourse index lost 0.38 per cent on Monday after having gained a total of 2.3 per cent last week. The HNX Index on the Ha Noi Stock Exchange edged down 0.22 per cent to end at 112.51 points. The northern market index lost 0.54 per cent in the previous session. More than 129 million shares were traded on the two local bourses, worth nearly VND2.5 trillion (US$110.8 million). Declining stocks outnumbered gaining ones by 233 to 151 while 104 other stocks closed unchanged. The market sentiment was dragged down by the US latest … [Read more...] about VN shares extend declining on trade tariffs