HNX-Index rises to 100 pointsPhuong Thao HCMC – The Hanoi Stock Market regained its starting level of 100 points on July 3, having stayed below that mark for nearly six years and a half. The HNX-Index jumped 1.2% against last Friday to 100.33, buoyed by large-cap banking and petroleum stocks. Turnover on the northern bourse sharply improved with 69.8 million shares worth VND784 billion traded, including 3.3 million shares transacted in bloc deals with a total value of VND45.5 billion. Lender SHB remained the volume leader with 27 million shares changing hands, surging 5.2% against the previous session at VND8,000 a share. Securities firm SHS followed with 3.18 million shares, adding 7.7% at VND15,400 per share, while bank stock ACB gained 1.9% to VND26,400 per share with 2.8 million shares traded. The VN-Index extended gains for a fourth straight session, adding 2.41 points, or 0.31%, at 778.88. However, turnover on the HCMC market remained low with 195.5 million shares … [Read more...] about HNX-Index rises to 100 points
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HNX-Index Falls Off The 100-Point Mark
HNX-Index Falls Off The 100-Point Mark By Nguyen Quan Transactions on Vietnam’s stock market on November 10-16 Accidentally, the worse bearish market since early this year befell “Gateway to Vietnam,” an investor conference hosted last Thursday by the securities firm SSI. Despite the turnout of around 200 foreign investment funds and hundreds of domestic organizations and individual investors, what participants agreed on the spot was just further exploration of the Vietnamese stock market with no deal being done. Speakers at the conference kept repeating the potential of the market but they made no commitment to immediate investment. Some said they would mull over investment or restructure their portfolio as soon as the exchange rate, bank interest rates and inflation become more stable. Given what really happened at “Gateway to Vietnam,” hopes for a new wave of investment on the market following the conference seem more distant. This prospect loomed large … [Read more...] about HNX-Index Falls Off The 100-Point Mark
HNX-Index rises to 17-month high
HNX-Index rises to 17-month high Phuong Thao By Phuong Thao - The Saigon Times Daily HCMC - Securities and oil/gas tickers continued to drive up the market, lifting the HNX-Index to the highest level in 17 months, while the VN-Index also beat the resistance level of 515 points on Thursday. The VN-Index closed the session at 516.98, up 3.08 points, or 0.6% against the previous day. Meanwhile, the HNX-Index entered its seventh straight winning day, adding a hefty 1.17 points, or 1.68%, at 71.16. Trading volume increased 25% and 40% on the southern and northern bourses respectively thanks to some block deals of KDC, VNM and VNS. The combined trading value was nearly VND2 trillion. Brokerages as the best performing sector gained 2.5% and 3.9% on the southern and northern exchanges respectively. Meanwhile, the individual tickers contributing the most points were in the oil and gas sector, with GAS contributing 0.6% to the VN-Index and PVS 0.3% to the HNX-Index. Foreigners extended … [Read more...] about HNX-Index rises to 17-month high
Index rebounds but trade remains dull
Index rebounds but trade remains dull Phuong Thao By Phuong Thao - The Saigon Times Daily HCMC – The stock market ended its six-day losing streak following a nice rebound on Thursday, but liquidity on the Hochiminh Stock Exchange (HOSE) ran dry. The VN-Index added 2.41 points, or 0.64%, to close at 378.2 thanks to gains of heavyweights VCB, MSN and VNM. Turnover on HOSE plunged a hefty 60.8% against the previous session to VND231.6 billion on a volume of 15.9 million shares. The put-through session was much quieter, except for one large domestic transaction of VIC. The market lost less than a point in early trade but quickly broke into the black, fluctuating for a while before hitting the daily high of 378.62 points and falling back a bit at the end of the morning session. In the afternoon, stocks traded in a very narrow range before ending the day fairly close to the highs. There were 112 stocks winning and 83 others losing, with 32 stocks going up to the ceiling prices … [Read more...] about Index rebounds but trade remains dull
Bank stocks drive VN-Index up
Bank stocks drive VN-Index upPhuong Thao HCMC – Bank stocks drove up the market on November 22, with the VN-Index adding a massive 14.36 points, or 1.56%, from the session earlier at 932.66. Given high cash flow, BID went up to its ceiling price of VND25,700 per share with over four million shares changing hands. CTG climbed 6.8% at VND22,650 a share with matching volume of 4.5 million shares. Other bank stocks also such as VCB, VPB and STB advanced strongly on high turnover. MBB was the volume leader in the sector with 11.3 million shares traded, followed by STB with over seven million shares. Turnover on the HCMC was equivalent to Tuesday’s session with more than 210 million shares worth VND6.4 trillion traded. There were around 28.7 million shares valued at VND1.7 trillion traded in block deals, including large transactions of dairy firm VNM and property enterprise NVL. The VN30 basket had 25 stocks rising and four losing. VNM and property firm VIC eased off week-long … [Read more...] about Bank stocks drive VN-Index up