Saturday, December 07, 2019 4:44:40 PM - Markets open
VN-INDEX 963.56 +0.29/+0.03%
HNX-INDEX 102.50 +0.13/+0.13%
UPCOM-INDEX 55.92 +0.06/+0.11%
Viet Nam shares recover after sharp global falls - 10/13/2018 2:46:25 PM
 (0 ratings. You must sign in to rate.)

Vietnamese shares bounced back on Friday following sharp falls earlier this week that had lowered stocks to attractive prices, triggering investors to bottom-fish.

The benchmark VN-Index on the HCM Stock Exchange gained 2.56 per cent to close at 970.08 points, reversing its loss of 4.84 per cent in the previous session.

For the whole week, the VN-Index fell in three out of five sessions. The index dropped 38.31 points or 3.8 per cent this week.

The minor HNX Index on the Hà Nội Stock Exchange rose 2.41 per cent to end at 109.76 points after having decreased by 5.79 per cent on Thursday.

More than 291.6 million shares were traded on the two local exchanges, worth VNĐ5.9 trillion (US$252 million).

The trading figures were down 36 per cent in both volume and value compared to Thursday’s numbers.

The market trading condition was positive with 355 gaining stocks against 115 declining, while 276 other stocks were unchanged.

Securities, banking, insurance and real estate stocks recorded the highest growth rates on Thursday to bolster the market’s rise, data on showed.

The capital inflow resulted in 19 of the 20 sectors seeing recovery, according to

The large-cap VN30 Index was up 2.55 per cent to 943.49 points.

The biggest contributors of the market were real estate developer Vingroup (VIC), VCS, Vietcombank (VCB), Saigon Hanoi Commercial Joint Stock Bank (SHB), Asia Commercial Bank (ACB), Việt Nam Joint Stock Bank of Investment and Development (BID) and insurer Bảo Việt Holdings (BVH).

Bank stocks slumped by 4.9 per cent, including Military Bank (MBB), down 8.02 per cent, SHB falling 6.74 per cent and VPBank (VPB) losing 5.83 per cent.

Oil-gas stocks slid 2.25 per cent as PetroVietnam Drilling & Well Services Corporation (PVD), PetroVietnam Technical Services Corporation (PVS) and Việt Nam National Petroleum Group (PLX) respectively dropped by 10.54 per cent, 9.91 per cent and 6.96 per cent.

Real-estate stocks and securities stocks subsequently fell 1.3 per cent and 5.2 per cent, dragged down by Thu Duc Housing Development Corporation (TDH), Vincom Retail (VRE), Kinh Bắc City Development Share Holding Corporation (KBC), MB Securities Joint Stock Company (MBS), VNDirect Securities Corporation (VND) and Ho Chi Minh City Securities Corporation (HCM).

Asian stocks rallied despite the slide of the US stock market for a second consecutive session. Specifically, major indices on Asian stock market, including the Nikkei 225, Shanghai Composite, Hangseng and Kospi, respectively increased by 0.46 per cent, 0.91 per cent, 2.12 per cent and 1.51 per cent.

On Thursday, US stocks slumped as Dow Jones, S&P 500 and the Nasdaq all dropped sharply, triggering worries and declines across the Asian stock markets, including the Việt Nam stock market. However, the indices rebounded on Friday and settled at a higher level afterwards. Việt Nam stocks had similar movement as both the VN-Index and HNX-Index climbed.

According to Bảo Việt Securities Company, despite plunging this week, the market still settled above the 918-933 support zone. The index is likely to move towards the 975-990 resistance zone next week. — VNS

Read original article here
Newer News
06/12 VN stocks step down as confidence fades on lack of news
04/12 VN stocks decline for a second day
03/12 VN stocks suffer a sudden drop in the afternoon
02/12 Bottom fishing may push shares up slightly
29/11 Shares drop after two-day rise
28/11 Shares gain but selling pressure still high
27/11 Billions of shares pending for HoSE listing
22/11 VN-Index tumbles in late sell-offs
22/11 UPCoM offers opportunities for market players
18/11 VN30 firms take 92% of all top listed firms’ total Q3 profits
Older News
09/10 VN-Index breaks 1,000 point level again
04/10 Reference exchange rate continues to rise
04/10 Hanoi Stock Exchange hosts 27 auctions in nine months
03/10 VN Index rebounds with high liquidity
01/10 Shares likely maintain uptrend
28/09 FTSE Russell adds VN to reclassification watchlist
27/09 VN-Index sink for a second day
25/09 Reference exchange rate up 6 VND
25/09 VN-Index continues upward trend
24/09 Market outlook positive for last week of September
Newsletter Signup
Top Stories
Reference exchange rate down 3 VND on December 6
Vietnam’s economy stays positive amid global growth slowdown: PM
Vietnam attracts 31.8 billion USD in FDI in 11 months
Software firms are adding more value to their products
VN30 firms take 92% of all top listed firms’ total Q3 profits
Market Update
Last updated at 3:10:01 PM
VN-INDEX 963.56 +0.29/+0.03%
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.