Tuesday, December 11, 2018 11:15:10 AM - Markets open
VN-INDEX 953.48 -2.41/-0.25%
HNX-INDEX 106.55 -0.26/-0.25%
UPCOM-INDEX 53.23 -0.11/-0.21%
ROS drives VN Index for 2nd day
Source: VNS - 3/7/2017 10:21:25 AM
 (0 ratings. You must sign in to rate.)
The VN Index on the HCM Stock Exchange advanced for a second day yesterday, driven by stocks in the property and construction sectors.

The benchmark index closed up 0.5 per cent at 716.29 points, extending gains to a second day with total growth of 1.2 per cent.

The real estate and construction sectors sectors made gains after FTSE, a London-based index provider, on Friday announced it would add shares of Faros Construction Corp (ROS) and two other property stocks, including Hòa Bình Construction (HBC) and Đất Xanh Real Estate Service and Construction (DXG), into its FTSE Vietnam Index in the first quarterly review of 2017.

The news helped Faros Construction Corp and Đất Xanh Real Estate Service and Construction Corp share prices surge 6.9 per cent and 6.4 per cent, respectively.

Property firm FLC Group (FLC), the major shareholder of Faros Construction Corp, also benefited from the increase of Faros’ share price. FLC jumped 7 per cent yesterday and topped the most-active stock board with more than 17.6 million shares being exchanged.

The largest real estate company Vingroup (VIC) edged up 0.6 per cent.

The southern bourse also received strong support from several large-cap stocks, such as dairy producer Vinamilk (VNM), the Bank for Investment and Development of Việt Nam (BID) and Vietinbank (CTG).

VNM added 0.8 per cent, BID rose 1.2 per cent and CTG was up 0.5 per cent.

After the VN Index ended its nine-week rally, the impact of speculations over FTSE Vietnam ETF’s first quarterly review is driving the benchmark index in a positive direction with rapid increase of ROS, BIDV Securities Corp (BSC) said in a note.

However, the current market conditions remain volatile on unpredictable changes that could be made in the investment portfolios of the exchange-traded funds (ETFs) and expectations for an interest rate increase in March by the US central bank, BSC added.

Market trading liquidity on the southern bourse yesterday rose strongly from last Friday with more than 172 million shares being traded, worth VNĐ3.58 trillion (US$159 million).

On the Hà Nội Stock Exchange, the HNX Index inched down 0.1 per cent to end at 86.55 points, reversing from a slight gain made last Friday.

More than 45.4 million shares were exchanged on the northern bourse, worth VNĐ446.7 billion.

Newer News
04/12 HNX collects $415m from share auctions in November
03/12 HNX-30 Index continues to underperform
26/11 Markets drop after recovery
19/11 Market short-term outlook remains negative
15/11 New securities law sparks concerns from expert
08/11 New securities law is a better fit
23/10 Technology continues to attract investment
22/10 Corporate earnings could boost market morale
18/10 Real estate stocks might peak in first half of 2019
15/10 Bull trap doesn’t mean stable rally: analysts
Older News
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
23/02 VN-Index rises but investors worried
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
Newsletter Signup
Top Stories
VN Index to rise amid volatility, weak liquidity
VN stocks continue rallying
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
Market Update
Last updated at 11:26:55 AM
VN-INDEX 953.48 -2.41/-0.25%
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.