The northern bourse HNX Index on the Ha Noi Stock Exchange ended in positive territory as Vinaconex shares soared after its Thursday auctions. — Photo tinnhanhchungkhoan.vn Shares of the Vietnam Construction and Import-Export JSC (Vinaconex) soared on Friday morning, pushing the HNX Index above its reference line. The HNX Index on the Ha Noi Stock Exchange inched up 0.20 per cent to close Friday morning at 104.77 points. The northern exchange index gained 0.63 per cent on Thursday. Vinaconex shares, listed as VCG on the Ha Noi Stock Exchange, surged 9.7 per cent to VND20,300 (US$0.90) per share on Thursday morning. The State Capital Investment Corporation (SCIC) and the military telecommunication group Viettel on Thursday sold their entire 348.9 million shares in Vinaconex, receiving a total of VND9.37 trillion ($416.4 million). On the Ho Chi Minh Stock Exchange, the benchmark VN-Index dropped 0.13 per cent to end at 923.24 points. The southern market index rose 0.20 per cent on … [Read more...] about Vinaconex helps HNX Index end positive
Hnx index
HNX-Index rises to 100 points
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
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 declines for a second day
The southern market index decreased 2.3 per cent in the last two sessions after expanding 13.5 per cent in November.Investors continued to earn profits in large-cap stocks but increasing demand cushioned many stocks. 16 of the top 30 largest shares by market value and liquidity on the HCM Stock Exchange lost value and 11 advanced.Declines in big stocks such as Vinamilk (VNM), brewer Sabeco (SAB) and IT giant FPT Corp (FPT) narrowed towards the end of the session with decreases of 0.6-2 per cent each. Meanwhile, VinGroup (VIC), Military Bank (MBB) and Vietinbank (CTG) bounced back from losses to close flat.However, FLC Faros (ROS) still slumped over 4 per cent.Many blue chips also recovered in the afternoon trade, including insurer Bao Viet Holdings (BVH), PetroVietnam Drilling and Well Services (PVD), Sacombank (STB), Tien Phong Plastic (NTP), of which BVH and PVD were the biggest gainers, up 3.3 per cent and 2.4 per cent, respectively.According to Quang Vo, an analyst at Viet Dragon … [Read more...] about VN-Index declines for a second day