Tuesday, March 19, 2024 3:57:01 PM - Markets open
VN-INDEX 1,242.46 -1.10/-0.09%
HNX-INDEX 236.16 -0.51/-0.22%
UPCOM-INDEX 90.60 +0.28/+0.31%
Stocks reverse last week's losses
Vietnam News - 8/11/2015 9:17:13 AM
 (0 ratings. You must sign in to rate.)
Vietnamese shares jumped yesterday, rebounding from last week's losses as dairy giant Vinamilk and insurer Bao Viet Holdings led gainers.

On the HCM Stock Exchange, the benchmark VN-Index gained nearly 11 points, or 1.78 per cent, to close the session at 614.53 points. The index fell 2.8 per cent last week.

Vinamilk (VNM) and Bao Viet Holdings (BVH) both hit the trading limit of a 7 per cent increase. The gains helped lift the VN30, which tracks the top 30 shares by market value and liquidity, 1.82 per cent to end at 649.99 points.

Shares of Vinamilk have been on a tear since August 5, when the company said Mai Kieu Lien would stay on as Chief Executive while stepping down as chairwoman in late July. The stock is up 11.5 per cent in the last four trading sessions.

According to analysts, investors are still confident in the growth potential of the country's largest dairy company, which reported a positive performance in the second quarter.

It earned VND10.52 trillion (US$482.6 million) in revenue and almost VND2.2 trillion ($101 million) in profit during the April-June period, up 13.3 per cent in revenue and 39 per cent in profit compared with the same period of last year.

Other large companies also rallied, including Vietcombank (VCB), Vietinbank (CTG), BIDV (BID), HCM Securities (HCM), Saigon Securities, VinGroup (VIC), Hoa Phat Group (HPG) and FPT Corp (FPT).

SSI was also the most active stock in HCM City's market yesterday with almost 3.9 million shares traded, rising 3 per cent to finish at VND27,600 ($1.27) a share.

Gains of large cap companies had a spillover effect to the whole market as the number of rising stocks outnumbered those of losing ones by 130-87. Another 90 companies were flat.

Liquidity was little changed compared with Friday's levels, totaling nearly 91 million shares worth VND1.86 trillion ($85.3 million).

On the Ha Noi Stock Exchange, the HNX-Index edged 0.63 per cent higher to 84.41 points as buying demand for large cap companies here also increased on investors'growing confidence in the market outlook.

The HNX30, which tracks the performance of the top 30 shares by market capitalisation and liquidity, also rose 0.65 per cent to 161.49 points.

Market volume went up 20 per cent from Friday to reach nearly 48 million shares while value of trades increased 10 per cent to VND566 billion ($26 million).

Kim Vi Stainless Steel Commercial Producing Co (KVC) led volume with nearly 3 million shares exchanged. The share value dived 4.62 per cent to settle at VND16,500 (76 cents) each.

Foreign investors remained net buyers yesterday with a combined VND49.5 billion ($2.3 million) worth of shares traded in the two markets.
Newer News
18/03 Market likely to be affected by Fed's meeting this week
18/03 Investors show strong interest in dividends at annual shareholders' meetings
15/03 VN-Index corrects, liquidity stays high
14/03 Stock Market Upgrade Journey: overcoming hurdles and reaching new heights
13/03 Market rebounds from cautious sentiment
12/03 Losses in bank stocks weigh on market sentiment
12/03 ETFs continue to see strong outflows of foreign capital
01/03 Market mixed, liquidity reaches over $1 bln
29/02 VN-Index hits more than 1-year high
29/02 Vietnamese stock market rapidly advancing towards global standards: Prime Minister
Older News
10/08 VN's derivatives market awaits legal framework
10/08 SSC to outline details of foreign ownership
07/08 Market's previous growth wanes
06/08 Shareholders in big companies make large profits this year
06/08 VN's derivatives market to open with future contracts
06/08 Mining companies post profits amid calamity
06/08 Speculative shares drive local market
05/08 Securities market needs an overhaul
05/08 Stock exchange delists 26 firms in first half of year
05/08 Losses continue to hit markets
 
Newsletter Signup
Top Stories
Man owes bank nearly VNĐ9 billion in credit card's interest after 11 years
VN-Index corrects, liquidity stays high
Stock Market Upgrade Journey: overcoming hurdles and reaching new heights
Corporate bond market quiet in February
Losses in bank stocks weigh on market sentiment
Market Update
Last updated at 3:05:01 PM
VN-INDEX 1,242.46 -1.10/-0.09%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.