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
VN-Index up for 8th day in a row
HÀ NỘI – Việt Nam’s benchmark VN-Index extended its rally on Wednesday for the eighth consecutive session as investor confidence was lifted by expectations of the Government selling its stakes in listed companies. The VN-Index on the HCM Stock Exchange rose 1.16 per cent to close at 952.14 points. It has gained total 6.9 per cent in the last eight consecutive sessions. Gainers outnumbered losing stocks by 149 to 124, while 54 other stocks ended flat. More than 229.8 million shares were traded on the southern bourse, worth VNĐ5.53 trillion (US$246 million). Trading liquidity declined by 36 per cent in volume and 37.4 per cent in value compared to Tuesday’s figures. Two-thirds of the 30 largest stocks by market capitalisation in the VN30 Index advanced, lifting the large-cap index by 1.16 per cent to hit 946.55 points. The southern market on Wednesday recorded big increases of listed companies in which investors expect the Government will soon … [Read more...] about VN-Index up for 8th day in a row
VN Index struggles to extend growth
The benchmark VN Index advanced 0.28 per cent to close at 941.21 points, recovering from its intraday low of 933.59 points.The southern market index has also extended its growth for a seventh session, making a total gain of 5.67 per cent.Losing stocks dominated the major exchange on Tuesday as they outnumbered gaining stocks by 148 to 128 and 54 others remained unchanged.More than 359.5 million shares were traded on the southern bourse, worth VND8.85 trillion (US$393.2 million).The figures increased by 42.4 per cent in trading volume and nearly 49 per cent in trading value compared to Monday.The sharp increase of the trading liquidity on Tuesday was attributed to trading of the Development Investment Construction JSC (DIC) shares with more than 128 million shares of the company being traded through order-matching transactions.The Ministry of Construction had previously announced it would sell 118 million shares in the company, equal to nearly 50 per cent of DIC’s capital, between … [Read more...] about VN Index struggles to extend growth