A Vinhome department complex in Ha Noi. Foreign investors sold VND65.6 billion billion worth of Vinhome share yesterday. — Photo bietthubienphuquoc.com.vn High selling pressure during the final minutes of trading limited gains, but the benchmark VN-Index still managed its rally thanks to the performance of some large-cap stocks. On the Ho Chi Minh Stock Exchange, the VN-Index inched up 0.01 per cent to 975.69 points. Liquidity was modest with 170 million shares worth a combined VND3.9 trillion (US$165 million) traded on the southern bourse. The VN-Index gained 1.07 per cent on Wednesday to end the day at 975.64 points. Fourteen of the 30 largest shares by market capitalisation on the Ho Chi Minh Stock Exchange lost value while 10 increased. Securities, mining, banking, construction and construction materials were among the worst-performing industries, but their indices still managed to rise by between 0.3 and 0.6 per cent, data on vietstock.vn showed. On the positive side, some … [Read more...] about VN-Index rises despite selling pressure
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Few stock-focused funds beat VN-Index in Q1
From January 1 to March 31, 2019, the VN-Index on the Ho Chi Minh Stock Exchange (HoSE) increased by almost 9.9 per cent to 980.76 points. — VNA/VNS Photo Viet Nam’s benchmark VN-Index grew beyond expectations in the first quarter of 2019, but a number of investment funds were unable to outperform the benchmark in the same period. From January 1 to March 31, 2019, the VN-Index on the Ho Chi Minh Stock Exchange (HoSE) increased by almost 9.9 per cent to 980.76 points. The VN-Index’s March-ending level was almost equal to the modest forecast for 2019. According to VNDirect Securities Corp, the VN-Index may end 2019 at 990 points while other companies predict the benchmark to close the year at above 1,000 points. After reaching its all-time peak of 1,204.33 points on April 9, 2018, the VN-Index fell roughly 25.9 per cent in the remaining days of last year. Statistics displayed by the news site cafef.vn on Friday showed only three investment funds were able to beat the … [Read more...] about Few stock-focused funds beat VN-Index in Q1
VN-Index fails to maintain 1,000 points
Investors at Bao Viet Securities Co’s trading floor in Ha Noi. — VNS Photo Truong Vi Shares retreated on Tuesday on the two national stock exchanges as strong selling forces increased during the session, weighing down many blue-chips. Viet Nam’s benchmark VN-Index on the Ho Chi Minh Stock Exchange reached 1,000 points in the morning session but then reversed to fall 0.15 per cent in the afternoon session, ending Tuesday at 992.45 points, due to increased selling pressure. The southern market index increased 1.47 per cent on Monday. On the Ha Noi Stock Exchange, the HNX-Index lost 0.26 per cent to end the session at 108.24 points. It gained 1.18 per cent on Monday. A total of 356 million shares worth a combined VND5.73 trillion (US$246 million) changed hands on the two bourses. The VN30, which tracks the top 30 shares by market value and liquidity on the Ho Chi Minh Stock Exchange, decreased 0.51 per cent to end at 923.66 points. Shares gained in the morning … [Read more...] about VN-Index fails to maintain 1,000 points
VN-Index climbs, nearing 1,000 points
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A trading session at Bảo Việt Securities Company in Hà Nội. Positive growth across Asian markets bolstered local market sentiment. - VNS Photo Trương VịViet Nam News HÀ NỘI – Vietnamese shares advanced on Monday with positive investor confidence in global market moves, but strong selling pressure could be a challenge in the coming days. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) rose as high as 999.9 points – the highest level since October 5, 2018 – on Monday before selling pressure limited gains. It closed at 994.43 points, a gain of 0.56 per cent. The VN-Index was expected to touch the 1,000 points this year, VNDirect Securities Corp said in its 2019 market outlook. Last week, the VN-Index gained a total of 4 per cent over five trading days. Since the beginning of the year, it has gained 13.2 per cent. More than 227.7 million shares were traded on the southern bourse, worth … [Read more...] about VN-Index climbs, nearing 1,000 points
VN-Index hit hard, creates new low
Investors watch stocks move at one of Bao Viet Securities Company’s trading offices in Ha Noi. Viet Nam’s benchmark VN Index has declined a total 1.6 per cent in the last two trading days after re-opening from the New Year holidays. — VNS Photo Truong Vi Shares declined further on Thursday with VN-Index breaking last year’s lowest level of 880.85 points as a series of blue-chip stocks were hit hard, partly due to a falling global market. The benchmark VN-Index on the Ho Chi Minh Stock Exchange lost 1.52 per cent to end Thursday at 878.22 points. It inched down 0.09 per cent to end Wednesday at 891.75 points. According to Bao Viet Securities Company, the risk of a short-term downtrend is increasing as the VN-Index broke down the 880-point bottom. The market may keep falling to the lower support zone at 855-865 in the next sessions. On the Ha Noi Stock Exchange, the HNX-Index shed 2.09 per cent to end at 100.52 points. It had fallen 1.50 per cent to 102.67 … [Read more...] about VN-Index hit hard, creates new low