Saturday, July 22, 2017 1:40:19 AM - Markets closed
VN-INDEX 761.86 -6.55/-0.85%
HNX-INDEX 97.96 -0.69/-0.70%
UPCOM-INDEX 56.35 +0.06/+0.11%
VN shares buoyed by Fed hike
Source: VNS - 3/17/2017 9:55:56 AM
 (0 ratings. You must sign in to rate.)
Shares edged up on Thursday on the two national exchanges even though the US Federal Reserve on Wednesday hiked the benchmark interest rate for the second time in three months. Property, securities and agricultural stocks were the market momentum.

On the HCM Stock Exchange, the VN-Index increased by 0.25 per cent to 714.92 points.

On the Hà Nội Stock Exchange, the HNX-Index was up 0.59 per cent at 87.97 points.

Liquidity soared on Thursday with a total of 234.4 million shares worth VNĐ4.74 trillion (nearly US$208 million) traded in the two markets, up 31.7 per cent in volume and 21.5 per cent in value compard to Wednesday’s levels.

According to market analysts, the Fed’s decision was foreseen and was not expected to shake up markets. Large-cap stocks rose strongly as 22 of the 30 largest by market value and liquidity in HCM City gained, and only five declined.

Agribusiness Hoàng Anh Gia Lai Co (HAG) and Hoàng Anh Gia Lai Agricultural Invesment (HNG) hit the daily maximum rise of 7 per cent.

Property stocks were still the magnet and maintained their growth.

On the HCM City’s bourse, big firms like VinGroup (VIC), HCM City Infrastructure Investment (ITA), Kinh Bắc City Development (KBC), Đất Xanh Real Estate Service & Construction (DXG), Hoàng Quân Real Estate Trading Consulting Service (HQC) and Khang Điền Investment and Trading House (KDC) advanced by 1-4 per cent.

Tasco (HUT) on the Hà Nội exchange climbed 10 per cent.

All of them were the most heavily-traded stocks in the two markets.

Securities stocks emerged on Thursday as popular stickers. Saigon Securities Inc (SSI) and Sài Gòn-Hà Nội Securities Co (SHS) experienced high trading liquidty. SHS rose 8.5 per cent while SSI was up 4.7 per cent.

On the negative side, shares of Novaland Investment (NVL) lost 1 per cent in value despite strong foreign buys. (Foreign investors bought a net value of VNĐ230.6 billion for NVL shares yesterday). Meanwhile, FLC Faros Construction (ROS) tumbled 3.2 per cent.

The market could experience an unexpected slump following its strong performance, stock analysts at Vietnam Investment Securities Co warned, saying the VN-Index was being influenced by large-cap stocks.

The VN-Index rose for two sessions and sank in two this week.

“However, the most important thing is the high trading value, which showed that investors are staying in the market,” they said, predicting money inflows could shift to blue chips when average prices of low-priced stocks has gone up significantly.

Newer News
28/04 Stocks recover on global moves
26/04 Shares down as holiday approaches
25/04 Caution pulls down blue chips
21/04 Stocks down on global risks
20/04 Shares up on confidence
19/04 Sabeco reports gains, urges additional divestment
19/04 Bargain hunting boosts local stocks
18/04 Stocks fall on investor worries
14/04 VN-Index steps back on correction fear
13/04 Market corrects on profit-taking
Older News
14/03 Shares sink on portfolio reviews
10/03 Derivatives market coming in May or June
09/03 VN Index finishes almost unchanged
08/03 VN Index struggles to maintain growth
07/03 ROS drives VN Index for 2nd day
03/03 Shares edge down on rising prudence
02/03 VN shares sag on renewed correction fears
28/02 Shares up on investor confidence
27/02 Stock reports contest launched
24/02 VN stocks fall on correction pressure
 
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 3:01:01 PM
VN-INDEX 761.86 -6.55/-0.85%
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.