Tuesday, November 20, 2018 10:51:32 PM - Markets open
VN-INDEX 919.02 +2.96/+0.32%
HNX-INDEX 103.91 -0.04/-0.04%
UPCOM-INDEX 52.06 -0.34/-0.65%
Stocks recover on global moves
Source: VNS - 4/28/2017 9:07:44 AM
 (0 ratings. You must sign in to rate.)
Shares recovered on the two local markets on yesterday after gloomy trading sessions as investor confidence was picked up by positive moves in global markets.

The benchmark VN Index on the HCM Stock Exchange gained 0.35 per cent to close at 710.04 points. Việt Nam’s key index had lost total 1.3 per cent in the previous four sessions.

The smaller HNX Index on the Hà Nội Stock Exchange rose 0.79 per cent to end at 88.55 points, putting an end to a two-day decline of 1.1 per cent.

More than 194.3 million shares were traded on the two local bourses, worth VNĐ4.02 trillion (US$178.9 million).

Market trading volume increased slightly from Tuesday while market trading value rose 5.4 per cent.

Companies in 17 of the 20 sectors in the Vietnamese stock market saw their share prices increase. Two-thirds of the stocks in the VN30 Index, which tracks the performance of the 30 largest companies by market capitalisation, advanced.

The industries with the best growth included banks, brokerage firms, energy producers, construction companies and agriculture businesses.

In the banking sector, MBBank (MBB) increased by 1 per cent and Sacombank (STB) was the strongest gainer, hitting its daily trading limit of 6.8 per cent.

MBBank yesterday announced at its annual shareholder meeting that its first-quarter pre-tax profit was estimated at VNĐ1.05 trillion, a yearly increase of 22 per cent, and the bank targeted a pre-tax profit for 2017 of VNĐ4.5 trillion.

The brokerage sector was driven up by Sài Gòn-Hà Nội Securities (SHS), Sài Gòn Securities (SSI), MB Securities (MBS) and HCM City Securities (HCM).

Among those companies, SHS yesterday organised its annual shareholder meeting, in which it targeted a 42 per cent increase in pre-tax profit for 2017 and paying an 8 per cent dividend for last year’s performance.

The energy sector was boosted by an increase of global oil prices on Tuesday. Brent crude ended Tuesday trading at $52.1 a barrel, up 1 per cent from the previous session.

The stock market had the most positive session so far this week along with increased trading liquidity, BIDV Securities (BSC) said in a report.

With the VN Index topping 710 points, investor confidence would be bolstered, despite the market lacking supportive information, BSC said.

Newer News
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
13/10 Viet Nam shares recover after sharp global falls
09/10 VN-Index breaks 1,000 point level again
04/10 Reference exchange rate continues to rise
Older News
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
11/04 Shares slow on investor caution
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 3:10:47 PM
VN-INDEX 919.02 +2.96/+0.32%
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.