Thursday, September 20, 2018 3:34:13 PM - Markets open
VN-INDEX 1,004.74 +9.20/+0.92%
HNX-INDEX 115.06 +0.86/+0.75%
UPCOM-INDEX 52.99 +0.53/+1.01%
VN Index hits new record high
VietnamPlus - 3/23/2018 10:50:43 AM
 (0 ratings. You must sign in to rate.)
Vietnam’s benchmark VN Index marginally surpassed the record high of 1,170 points on March 22 as energy stocks remained upbeat and insurers and agriculture firms performed strongly as well.
 
The VN Index on the HCM Stock Exchange edged up 0.26 percent to end at 1,172.36 points, posting a nine-day increase of 4.3 percent in total.
 
The benchmark index narrowed its growth from the intraday gaining pace of 0.94 percent, which helped the VN Index rise to the 1,180-point level.
 
More than 233.3 million shares were traded on the southern bourse, worth 6.63 trillion VND (294.7 million USD).
 
However, the trading condition was quite negative as declining stocks outnumbered gainers by 172 to 116 and 56 others ended flat.
 
Rising oil prices and growing energy stocks remained the most important factors that boosted the benchmark index over its former all-time high of 1,170 points.
 
Though Brent crude returned to the negative territory on March 22, down 0.5 percent, it has gained a total of 4.6 percent in the last three days.
 
The slight decrease of oil prices on the day was attributed to an increase in US oil output, which threatened to undermine efforts to tighten the market.
 
Recent gains in oil prices were caused by a surprise decline of US crude inventories and the ongoing supply cut led by the Organisation of Petroleum Exporting Countries (OPEC).
 
Energy stocks on the HCM Stock Exchange continued to outperform. PetroVietnam Gas (GAS) surged 5.2 percent and PetroVietnam Drilling and Well Services (PVD) was up 2.5 percent.
 
Following the energy sector were the insurance, agriculture and IT industries, led by insurer Bảo Việt Holdings (BVH), Hoàng Anh Gia Lai (HAG) and its agricultural arm HAGL Agrico (HNG).
 
On the opposite side, the benchmark index suffered strong investor selling when it touched the intraday peak of 1,180 points.
 
Profit-taking hit securities firms, banks, healthcare and pharmaceutical firms, retailers and rubber producers.
 
The worst decliners among those stocks were HDBank (HDB), Vietcombank (VCB), BIDV Securities Co (BSI), VNDirect Securities (VND), DHG Pharmaceutical JSC (DHG), Domesco Medical Import-Export JSC (DMC) and digital retailer Mobile World (MWG).
 
The VN Index is forecast to encounter strong profit-taking pressure from investors as it has now reached a new peak and the index may move within the range of 1,170-1,180 points, it said.
 
The minor HNX Index on the Hanoi Stock Exchange went down 0.68 percent to close at 134.04 points, totalling a two-day decline of 0.9 percent.
 
The UPCOM Index on the Unlisted Public Company Market (UPCoM) fell 0.41 percent to 60.39 points. It has lost a total of 2.3 percent in the last four sessions.-VNA
 
Read original article here
Newer News
12:57 Stocks up slightly on profit-taking
12:57 Stocks up slightly on profit-taking
18/09 VN-Index down 3.73 points on September 17
12/09 Vietnam’s stock market capitalisation reaches 79.2 percent of GDP
10/09 Stock market pins hopes on foreign investors in September
30/08 VN Index rally ends on selling pressure
29/08 Large-cap stocks lift market
28/08 VN-Index struggles to maintain rally
27/08 VN Index to rise amid volatility, weak liquidity
25/08 Negative sentiment ends VN-Index rally
Older 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
 
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 3:11:00 PM
VN-INDEX 1,004.74 +9.20/+0.92%
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...
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.