Thursday, March 30, 2017 11:52:33 AM - Markets open
VN-INDEX 725.30 +4.83/+0.67%
HNX-INDEX 91.19 +0.52/+0.57%
UPCOM-INDEX 57.59 +0.29/+0.51%
VN-Index rises but investors worried
Source: VNS - 2/23/2017 9:26:53 AM
 (0 ratings. You must sign in to rate.)
The benchmark VN-Index continued to rise yesterday but at a slower pace as investors worried about a possible correction.

On the HCM Stock Exchange, the VN-Index inched up 0.1 per cent to close at 717.24 points, lifting the three-day rally to 1.3 per cent.

On the Hà Nội Stock Exchange, the HNX-Index edged down 0.3 per cent to end at 86.6 points. The northern market index has gained over four per cent in the past month.

“Liquidity maintaining high levels for many sessions made many investors worry that the market has reached its peak,” stock analysts at Vietnam Securities Co (IVS) wrote in a market report.

Trading volume touched a one-month high at nearly 293 million shares, worth a combined VNĐ4.4 trillion (US$193 million) in the two markets.

Overall market conditions were negative with 251 stocks decreasing, 204 rising and 242 unchanged.

Blue chips were on the defensive as 17 of the top 30 shares by market value and liquidity on the main bourse in HCM City lost value while 11 advanced.

Hoàng Anh Gia Lai Co (HAG) and Hoàng Anh Gia Lai Agricultural Investment JSC (HNG) tumbled after a strong rising streak.

HAG decreased 1 per cent, halting an eight session positive run while HNG fell 1.5 per cent.

On the bright side, oil and gas and real estate stocks supported the market.

Benefiting from global oil price recovery, PV Gas (GAS), the biggest listed energy stock, grew 3.9 per cent and PetroVietnam Drilling and Wells Service (PVD) added 1.3 per cent. Other smaller stocks such as Petroleum Equipment Assembly & Metal Structure (PXS), PetroVietnam Drilling Mud (PVC) and PetroVietnam Technical Services (PVS) advanced between 1 per cent and 3.5 per cent.

Brent futures rose to $56.24 a barrel, while US West Texas Intermediate (WTI) crude edged up 0.6 percent to $53.71 a barrel.

Property stocks continued their growth but slower. The exception was Hoàng Quân Consulting Trading Service Real Estate (HQC), which hit the daily limit of 7 per cent for a second day, while others such as Novaland Investment Group (NVL) inched up 0.3 per cent, FLC Group (FLC) and Ninh Van Bay Real Estate (NVT) both up over 2 per cent

However, according to IVS analysts, cheap property stocks still attracted good investments but faced correction pressure after previous big gains.

Foreign investors were net sellers in HCM City’s market after two net selling sessions, offloading a net value of VNĐ21 billion. They were net buyers on Hà Nội’s bourse for a modest value of VNĐ3 billion.

Newer News
09:12 Emerging market status key to netting foreign investment
28/03 Shares narrow gains on short-term risk
24/03 Blue chips drive VN stocks back up
23/03 Stocks dip on profit-taking and oil
22/03 Banks and food drive VN stocks
20/03 Market rebound likely as shareholders meet
17/03 VN shares buoyed by Fed hike
14/03 Shares sink on portfolio reviews
10/03 Derivatives market coming in May or June
09/03 VN Index finishes almost unchanged
Older News
22/02 Shares advance for second day
22/02 FPT Securities to remove foreign-ownership limitations
20/02 VN Index to stay in 700-710 point range
16/02 With Vietjet on deck, 2017 airline stocks could soar
16/02 VN Index up for fourth day running
15/02 Mid-cap stocks lift VN Index
14/02 2017 expected to be better for investment funds
14/02 Energy stocks keep Vietnamese markets up
14/02 41 new firms listed on HNX and UPCoM in January
13/02 Shares to uphold short-term upturn
Newsletter Signup
Top Stories
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
CPI below 5% target
Market Update
Last updated at 11:31:23 AM
VN-INDEX 725.30 +4.83/+0.67%
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.