Friday, March 23, 2018 2:02:56 AM - Markets closed
VN-INDEX 1,172.36 +3.00/+0.26%
HNX-INDEX 134.04 -0.92/-0.68%
UPCOM-INDEX 60.39 -0.25/-0.41%
Shares gain on oil and banking stocks
VietnamPlus - 2/13/2018 10:40:00 AM
 (0 ratings. You must sign in to rate.)
Vietnamese shares posted a strong comeback on February 12 after a two-day collapse, due to strong investor interest in large-cap stocks that led the market upturn on expectations of good earnings reports.
The benchmark VN-Index on the HCM Stock Exchange (HOSE) gained 3.77 percent to close at 1,041.79 points. It was down 1.89 percent to close at 1,003.94 points on February 9.
The HNX Index on the Hanoi Stock Exchange (HNX) rose 3.85 percent to end at 100.02 points. It edged up 0.48 percent to end at 117.50 points on February 9.
The UPCOM Index on the Unlisted Public Company Market (UPCoM) jumped 1.70 percent to finish at 57.45 points. The index jumped 3.30 percent to finish at 56.76 points.
More than 221.8 million shares were traded on the three local exchanges, worth 5.87 trillion VND (258 million USD).
Financial-banking and oil stocks were the best-performing among the 20 sectors on the stock market with the banking, brokerage and energy industry indices jumping 5.65 percent, 4.16 percent and 6.23 percent, respectively, data on showed.
Market trading conditions turned positive on February 12, with 469 gaining stocks against 155 decliners, while 297 other stocks remained unchanged.
Large-cap stocks also had a good trading day as 26 of the 30 largest shares by market capitalisation advanced in the VN30 Index.
The VN30 Index was up 2.81 percent to 1,034.76 points with more than 60 million shares exchanged, worth 3.03 trillion VND.
Blue chip stocks were strongly bought and pulled the VN-Index as well as the VN30 up especially in the ATC session. Banking (BID, CTG, and MBB reached the ceiling price) and petroleum (PVS, GAS, PVD reached the ceiling price) were the largest contributing sectors.
In addition, securities, steel, real estate and aviation sectors also showed positive aspects with green colour dominating these stocks.
Foreign investors were net sellers with 450.67 billion VND on HOSE, focusing on HPG (228.03 billion VND), VRE (103.00 billion VND), and VNM (60.44 billion VND). In addition, they sold a net of 9.44 billion VND on the HNX.
According to BIDV Securities Co (BSC), after the recent sharp correction, stock prices were quite reasonable for investors.
“Moreover, the rumour that adjusting the margin rate will be postponed helped demand become stronger,” BSC said in its daily report.
“It is likely that in tomorrow’s session, cash flow will continue to shift into the market and financial sectors such as banking and securities are quite attractive,” it added.
Meanwhile, Bao Viet Securities Company (BVSC) said in its report that after the rally on February 12, the market may become balanced in the last session before the Tet holiday.
“The divergence and low liquidity may be seen on the market on February 13,” it said. - VNA
Read original article here
Newer News
22/03 VN-Index rises for three consecutive days
21/03 VN-Index firm amid profit-taking
20/03 Large-cap stocks fuel indices’ gains
19/03 Shares set to keep rising after hitting peak
15/03 VN-Index fails to reach 1,140 points despite vibrant transactions
14/03 Banks stock drive VN-Index over peak
13/03 Vietnamese shares rise slightly on both bourses
12/03 VN-Index forecast to continue struggling
09/03 Large-caps support shares’ uptrend
08/03 VN-Index loses 8 points on March 7
Older News
12/02 Markets set for low trading before Tet
09/02 Vietnam stocks fall on low confidence
08/02 Shares rebound as investors bargain-hunt
07/02 Vietnamese stocks endure another strong selloff
06/02 Massive selloff hits VN stocks
02/02 Shares drop on selling pressure
01/02 Vietnam shares fall on energy stocks
30/01 Blue chips drag down VN-Index
29/01 Bank stocks expected to drive up market
27/01 Finance stocks push the VN-Index upwards
Newsletter Signup
Top Stories
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
Draft decree on State monopoly in trade submitted to Government
CPI ups 0.46% in January
Market Update
Last updated at 3:01:35 PM
VN-INDEX 1,172.36 +3.00/+0.26%
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.