Friday, June 22, 2018 12:20:54 PM - Markets open
VN-INDEX 976.15 +6.75/+0.70%
HNX-INDEX 110.06 -0.11/-0.10%
UPCOM-INDEX 51.81 +0.02/+0.04%
Shares to uphold short-term upturn
Source: VNS - 2/13/2017 9:27:41 AM
 (0 ratings. You must sign in to rate.)
Shares are moving into positive territory, driven by strong investment inflows on an optimistic market outlook expected this week.

According to analysts at Viet Dragon Securities Co, both stock indices closing higher with liquidity rising robustly in the two markets last week endorsed the expected upturn in the short term.

The benchmark VN-Index on the HCM Stock Exchange moved sideways around 700 points in the last five sessions and ended the week at 703.8, 0.5 per cent higher than the end of the previous week.

Liquidity improved with the daily market value reaching VNĐ3 trillion (US$132.7 million) last week, up 50 per cent over the previous week’s value. Trading volume increased 32.2 per cent, averaging 145.5 million shares.

On the smaller exchange in Hà Nội, the HNX-Index increased 1.2 per cent for the week, closing Friday at 86.04 points. Trading volume was more modest with just 40 million shares worth VNĐ373 billion exchanged each session, up 81.3 per cent week-on-week.

While large-cap stocks saw divergence, a big proportion of investments ran into mid-cap and small-cap stocks in the weekend sessions.

Encouraging 2016 earnings reports were gaining momentum for strong gains of rubber, steel and real estate companies, such as Đồng Phú Rubber (DPR), Phước Hòa Rubber (PHR), Pomina Steel (POM), Nam Kim Steel (NKG), Consultancy Design & Urban Development (CDO), Urban Development & Construction (UDC), Sài Gòn Telecommunication & Technologies (SGT) and Hòa Bình Construction & Real Etate Corp (HBC).

Among these, POM, SGT, UDC and CDO were the biggest gainers, each seeing share prices climbing 38-40 per cent last week.

“The annual general meetings and business plans of listed companies in 2017 could motivate the VN-Index,” Trần Hải Yến, a stock analyst at Bảo Việt Securities Co wrote in a market report.

Foreign investors concluded last week as net buyers for a modest net value of just VNĐ45 billion. Shares of dairy giant Vinamilk (VNM) topped their net buys with total value of VNĐ156.3 billion. Their net buys on this share extended to 23 consecutive sessions, with a total value of VNĐ936 billion.

Global stock markets remained positive, especially the Dow Jones surpassing and remaining above 20,000 points after the US Federal Reserve did not hike rates in its last policy meeting.

However, the growth of the developed market, typically the US market, could cause difficulty in maintaining investment capital, running into frontier and emerging markets, including Việt Nam, according to the Bảo Việt Securities Co.

“Basically, we believe that foreign indirect investment flows in Việt Nam’s stock market in 2017 will be significant compared to previous years,” Yến said.

Newer News
09:49 Shares close in red on selling pressure
20/06 VN stocks drop amid weak investor sentiment
19/06 VN-Index drops by 2.87 percent on June 18
15/06 VN-Index suffers big loss, market ends in red
14/06 VN-Index rises nearly 10 points on June 13
13/06 VN-Index loses over 18 points on June 12
12/06 VN-Index gains slightly to 1,039 points on June 11
09/06 VN-Index maintains uptrend on week’s last trading day
08/06 Stocks progress, liquidity still weak
07/06 VN-Index rises for fifth consecutive day
Older News
10/02 Đắk Lắk to shift coffee strategy
10/02 Momentum wanes on VN-Index
10/02 Dollar buoyant after Trump's 'phenomenal' tax plan pledge
09/02 Investors must shape up to avoid losses: experts
09/02 Local shares advance marginally
08/02 Shares up on positive market outlook
07/02 Over 20 million foreign investors granted trading codes
07/02 HOSE launches first trading session in lunar New Year
06/02 New regulations issued on securities margin trading
06/02 VN stocks to rise on lunar year optimism
Newsletter Signup
Top Stories
VN manufacturing PMI hits 22-month high in March
CPI goes up 4.96 percent year-on-year in first quarter
Slight rise in February CPI
Draft decree on State monopoly in trade submitted to Government
CPI ups 0.46% in January
Market Update
Last updated at 11:31:28 AM
VN-INDEX 976.15 +6.75/+0.70%
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...
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.