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
VIC, VRE lift VN-Index over 900 mark
The benchmark VN-Index rose to yet another new 10-year peak on Monday, ending the session at 903.55 points, up 13 points, or 1.44 per cent over Friday’s close.The southern market index advanced 2.6 per cent last week.The upturn was driven mainly by strong growth of some individual blue-chip stocks, especially real estate giant VinGroup (VIC) and its retail arm Vincom Retail (VRE) which both hit the daily limit rise of 7 per cent.VIC closed at VND76,300 (US$3.36) a share while a VRE share was traded at VND47,700 each.At this price, market capitalisation of these two companies was a combined VND292 trillion (roughly $13 billion), surpassing the value of the biggest listed company Vinamilk at $11.9 billion.VinGroup’s market value rose to the second place after Vinamilk (VNM) yesterday, while Vincom Retail’s market capitalisation ranked sixth, a big success since its debut on the HCM Stock Exchange on November 6.Dairy giant Vinamilk (VNM) also rose 2.1 per cent on Monday, … [Read more...] about VIC, VRE lift VN-Index over 900 mark
VN-Index reaches close to 900 points
Overall market condition was negative on the HCM Stock Exchange with 136 stocks declining, 121 advancing and 89 remaining unchanged.The upturn was driven by growth of some individual stocks, including VinGroup (VIC), which hit the daily limit rise of seven per cent, and Vinamilk (VNM), up 0.6 per cent. They were among the top 10 largest stocks by market value and liquidity on the southern bourse.Binh Minh Plastics (BMP) increased 1.6 per cent on information that the State Capital Investment Corporation (SCIC) will auction its stake in the firm in December.PV Gas (GAS), the largest listed energy stock, rose 1.2 per cent thanks to positive movement on the global oil markets.On the Ha Noi Stock Exchange, without support of large-cap stocks, the HNX-Index dropped 0.39 per cent to 107.89 points in morning trade.A total of 133 million shares worth over VND2.8 trillion (US$125.3 million) were traded on the two markets.The afternoon session starts at 1pm. Source VNA … [Read more...] about VN-Index reaches close to 900 points