Wednesday, June 20, 2018 4:52:10 PM - Markets open
VN-INDEX 980.95 +18.79/+1.95%
HNX-INDEX 112.11 +1.53/+1.38%
UPCOM-INDEX 52.02 +0.34/+0.66%
VN Index finishes almost unchanged
Source: VNS - 3/9/2017 9:35:32 AM
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The VN Index on the HCM Stock Exchange rose slightly yesterday as investor confidence remained low on a lack of business news.

Việt Nam’s benchmark index closed yesterday’s session at 716.6 points, nearly unchanged from the ending point of 716.54 points on Tuesday.

Yesterday’s slight increase also helped the VN Index extend gains for a fourth day with total growth of 1.3 per cent.

Market liquidity declined from Tuesday’s figure with more than 175.6 million shares traded, worth VNĐ3.67 trillion (US$163 million).

Investor confidence remained low as the stock market was short of business and economic news positive enough to bolster investors’ sentiment, BIDV Securities Corp (BSC) said in its report.

Additionally, the decline of the VN Index for most of yesterday’s session came from the fall of stocks that had gained significantly on the previous trading days, BSC added.

Faros Construction Corp (ROS) was down 0.6 per cent, marking its first decline after surging nearly 67 per cent since December 13, 2016.

Vietjet Aviation JSC (VJC) dropped 1.9 per cent. VJC has fallen 5.4 per cent in the last two sessions after rising 27 per cent since being listed on February 28.

Property firm Vingroup (VIC) fell 0.8 per cent from a three-day increase of 1.7 per cent.

The two large-cap energy companies on the southern bourse, PetroVietnam Gas Corp (GAS) and PetroVietnam Drilling and Well Services Corp (PVD), saw their share values decline following the decrease of crude oil prices.

On the opposite side, banks and food-beverage producers helped the benchmark index finished the day in positive territory.

All six listed banks on the southern bourse gained, with Eximbank (EIB) the best performer and MBBank (MBB) and Sacombank (STB) advancing 1.1 per cent and 1 per cent, respectively.

The food-beverage sector was driven up by dairy firm Vinamilk (VNM), which added 0.5 per cent after one of its institutional shareholder, the Thai dairy producer F&N Dairy Investments Pte Ltd registered to purchase more than 21.7 million of Vinamilk’s shares between March 10 and April 7.

On the Hà Nội Stock Exchange, the HNX Index rose 1 per cent to end at 87.53 points. The northern market index increased by a total 1.1 per cent in the last two sessions.

More than 51.7 million shares were exchanged on the northern bourse, worth VNĐ667.5 billion.

Newer News
09:28 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
06/06 VN-Index extends rally on fourth consecutive day
Older News
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
23/02 VN-Index rises but investors worried
22/02 Shares advance for second day
22/02 FPT Securities to remove foreign-ownership limitations
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