Sign in
|
Register
International Edition
Home
Business & Finance
Investing Tools
News
Live Quote:
On
RSS
My Page
|
Contact Us
RSS
Markets
|
Industries
|
Stocks
|
Analysis Reports
|
Expert Ideas
|
World Indices
|
Currencies
|
Commodities
RSS
Company A-Z
|
Stock Screener
|
My Portfolios
|
Streaming Quotes
|
Technical Analysis
RSS
Markets
|
Companies
|
Banking & Finance
|
Economy
|
Real Estate
|
International
Quotes
News
Reports
Investing Tools
Company A-Z
Company Search
Stock Screener
Portfolios
Trigger Alerts
Technical Analysis
Live Terminal
Mobile Tools
Useful Links
My Profile
My Favorites
Sunday, April 28, 2024 3:35:44 AM
-
Markets open
VN-INDEX
1,209.52
+4.55/+0.38%
HNX-INDEX
226.82
-0.75/-0.33%
UPCOM-INDEX
88.76
+0.43/+0.49%
Shares up on confidence
Vietnam News - 4/20/2017 9:14:09 AM
(
0 ratings. You must sign in to rate.
)
Print
|
Add To Favorites
|
Email
|
RSS
Vietnamese shares remained mostly positive in the two local markets yesterday, driven by better investor confidence in particular groups of stocks with supporting business information.
The benchmark VN Index on the HCM Stock Exchange rose 0.26 per cent to close at 716.77 points, totaling a gain of 0.8 per cent after the last two sessions.
The HNX Index on the Hà Nội Stock Exchange ended at 89.11 points, almost unchanged from Tuesday’s closing level of 83.12 points.
Market trading liquidity declined from Tuesday’s numbers with more than 203.5 million shares being exchanged, worth VNĐ3.64 trillion (US$162.1 million).
The stock market yesterday saw a strong boost from fertilisers on expectations that the ministry of industry and trade will soon approve their proposal on the protectionist policy for some of the imported fertiliser products.
Biggest gainers among fertiliser stocks were PetroVietnam Fertiliser & Chemicals (DPM), PetroVietnam Cà Mau Fertilizer (DCM) and Lâm Thao Fertilisers and Chemicals (LAS) as they hit the daily trading limit.
DPM surged 6.9 per cent, DCM soared 6.8 per cent and LAS jumped 9.7 per cent.
According to the General Customs Department, Việt Nam in 2016 imported $1.1 billion worth of 4.15 million tonnes of fertiliser products. The ministry of industry and trade has forecast that a similar proportion of fertiliser imports would be reached in 2017, mainly from China.
Analysts at Bảo Việt Securities Company (BVSC) said in their note that if the protectionist policy is approved, local fertiliser companies will see strong growth as they have less competition from imported products.
However, investors are suggested to wait for the official decision from the ministry before making purchases in fertiliser stocks, BVSC analysts said.
Sugar producers were also in the focus yesterday as a M&A deal between the two producers Biên Hòa Sugar JSC (BHS) and Thành Thành Công Tây Ninh JSC (SBT) will be discussed at the two firms’ upcoming annual shareholder meetings.
BHS closed up 6.9 per cent, hitting the daily trading limit, while SBT was flat.
In addition, the stock market was supported by positive performances from some other large-cap stocks, including dairy producer Vinamilk (VNM), Faros Construction (ROS) and Vietcombank (VCB).
On the opposite side, bank and energy stocks remained negative. Five of the nine listed banks declined while energy companies like PetroVietnam Gas (GAS) and PetroVietnam Technical Services (PVS) remained in the negative territory on the volatile crude prices.
Newer News
19/04
Market upgrade to begin a new phase of development
16/04
Market plunges, HOSE's value evaporates $10 billion
16/04
VN anticipates market impact as KRX stock trading system launches
10/04
Banks and oil stocks endure a tough day, leaving with market volatility
05/04
Oil stocks see bright prospect amid rising prices
05/04
HoSE's stock market capitalisation in March rises by 3.1% compared to February
03/04
Stocks rebound as cash flow surges into large-cap shares
23/03
Shares sustain gains on strong investor confidence
20/03
Vietnamese securities companies race to boost capital amid high market demand
19/03
Large-caps pressured as increased profit-taking drives share decline
Older News
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
11/04
Shares slow on investor caution
07/04
Stocks skid, safe-haven assets jump as U.S. strikes Syria
04/04
Shares remain close to 10-year high
03/04
VN apparel firms avoid stock market for now
30/03
Emerging market status key to netting foreign investment
Newsletter Signup
*
*
Top Stories
Businesses concerned about rising exchange rate pressure
Gold bar auction to be resumed after 11 years of suspension
PM Chính requires strengthened gold market management
Bank shareholders to receive high dividends, stock bonuses
Shares sustain gains on strong investor confidence
Market Update
HOSE
HNX
UPCOM
World
Last updated at
3:05:00 PM
VN-INDEX
1,209.52
+4.55/+0.38%
Top 5 Actives
Top 5 Gainers
Top 5 Losers
Market Overview
My Favorite Quotes
Recent Quotes
Portfolio Summary
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.
Current value:
Total gain/loss:
/
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
Choose a sector
Basic Materials
Industrials
Consumer Goods
Health Care
Consumer Services
Utilities
Financials
Technology
Oil & Gas
Telecommunications
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.