The VN-Index surpassed 1,000 points on Tuesday morning but failed to maintain the high level due to profit taking. — Photo cafef.vn The VN-Index surpassed 1,000 points on Tuesday morning but failed to maintain the high level due to profit taking. The benchmark VN-Index on the Ho Chi Minh Stock Exchange gained 0.03 per cent to close at 998.23 points. The benchmark index edged up 0.46 per cent to end at 997.94 points on Tuesday. Nearly 68 million shares were traded on the southern bourse, worth VND1.6 trillion (US$65 million). The large-cap VN30-Index fell 0.12 per cent to end at 887.50 points. Twenty of the 30 largest stocks by market capitalisation and trading liquidity in the VN30 basket declined while only six increased. Among decliners was the Bank for Investment and Development (BID), dropping 1.7 per cent to VND35,200 per share after announcing poor second quarter financial results. In the second quarter, net profit of the company reached VND9.1 trillion, 10 per cent higher … [Read more...] about VN-Index fails to stick at 1,000 points
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VN-Index slides after stumbling at 1,000 point level
Viet Nam's stock market dropped on Friday morning as shares were brought down by increased selling at the 1,000 point level. — Photo tinnhanhchungkhoan.vn Vietnamese shares slid on Friday morning, dragged by large-cap companies and cautious market sentiment. The benchmark VN-Index on the Ho Chi Minh Stock Exchange inched down 0.09 per cent to close at 994.02 points. The index gained 0.66 per cent on Thursday. The VN-Index failed to conquer 1,000 points again as selling pressure strengthened near that level and sent large-cap stocks down. The VN-Index hit 998.52 points during the morning session before falling back on increased selling. Investors were also cautious ahead of the US central bank Federal Reserve’s meeting on how much rates will be cut on July 31. But they were kept off guard on Thursday after the European Central Bank held interest rates steady contrary to predictions. The large-cap VN30-Index, which tracks the performance of the 30 largest stocks by market … [Read more...] about VN-Index slides after stumbling at 1,000 point level
VN-Index could pass 1000-point landmark soon
A majority of investors believe the Fed will cut interest rates at the end of this month, leading to gains in markets around the world. – Photo cafef.vn HÀ NỘI — VN-Index could continue its short-term uptrend this week and may surpass the 1000-point milestone again thanks to macroeconomic stability and the US Federal Reserve's expected interest rate cuts, analysts have said. On the Hồ Chí Minh Stock Exchange, the VN-Index inched down 0.33 per cent on Friday to close at 975.40 points, marking a slight increase of 0.01 per cent for the whole week. On the Hà Nội Stock Exchange, the HNX-Index fell 0.15 per cent on Friday to 105.86 points. The index gained a total of 1.42 per cent last week. An average of more than 186.5 million shares was traded each day last week, worth VNĐ3.7 trillion (US$158 million). The figures were lower than the average of 177.3 million shares and VNĐ4 trillion in … [Read more...] about VN-Index could pass 1000-point landmark soon
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 forecast to break through 1000-point barrier
The VN-Index is forecast to extend its growth next week and conquer the 1000-point threshold, analysts said.— VNA/VNS Photo HÀ NỘI — The VN-Index is forecast to extend its growth next week and conquer the 1000-point threshold, analysts said. The VN-Index on the HCM Stock Exchange closed Friday up 0.34 per cent at 991.34 points. The southern market rose 2.3 per cent for the week after five consecutive gaining sessions. On the Ha Noi Stock Exchange, the HNX-Index edged up 0.63 per cent to end at 113.37 points and expanded last week’s rally to 1.5 per cent. An average of more than 231.2 million shares worth VNĐ4.5 trillion (US$197 million) were traded in each session last week, up 2.6 per cent in volume but down 8.1per cent in value compared to the previous week. According to Nguyễn Nhật Cường, deputy director of VietinBank Securities Company, the VN-Index was expected to continue on an upward trend and pass the 1,000-point … [Read more...] about VN-Index forecast to break through 1000-point barrier