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Large-cap, oil & gas stocks boost VN-Index
VietnamPlus - 5/15/2018 10:25:16 AM
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VN-Index rose sharply on May 14, driven by large-cap stocks and oil & gas shares, despite low liquidity and foreign investors’ continued net selling.
 
On the Ho Chi Minh Stock Exchange (HOSE), VN-Index increased by 22.13 points to 1,066.98 points when 171 codes saw price hikes, 122 codes experienced declines and 45 others stayed unchanged.
 
HNX Index on the Hanoi Stock Exchange (HNX) inched up 0.51 point to 123.28 points with 95 codes rising, 72 others falling and the remaining 50 unchanged.
 
In the VN30 basket, measuring the 30 largest stocks by market capitalisation on the HOSE, up to 25 stocks witnessed price increases while only two stocks dropped.
 
[Net sells by foreign investors not a worry: analysts]
 
Oil and gas shares fluctuated in line with global oil prices in the beginning of the week when such stocks as PLX, BSR, POW, PVB, PVS, PVC and PVD ended in green.
 
While bank stocks ended mixed, securities and property shares recorded few transactions.
 
Although green coloured the indexes, liquidity was low. Total transaction value of the market reached only more than 4.7 trillion VND (207 million USD).
 
Both the HOSE and HNX recorded net selling by foreign investors, which sold more than 1.05 million shares worth over 93.69 billion VND (nearly 4.13 million USD) on the HOSE and 124,090 shares worth 4.03 billion VND (177,320 USD) on the HNX.-VNA
 
Read original article here
Newer News
09:49 Shares close in red on selling pressure
20/06 VN stocks drop amid weak investor sentiment
19/06 VN-Index drops by 2.87 percent on June 18
15/06 VN-Index suffers big loss, market ends in red
14/06 VN-Index rises nearly 10 points on June 13
13/06 VN-Index loses over 18 points on June 12
12/06 VN-Index gains slightly to 1,039 points on June 11
09/06 VN-Index maintains uptrend on week’s last trading day
08/06 Stocks progress, liquidity still weak
07/06 VN-Index rises for fifth consecutive day
Older News
10/05 Net sells by foreign investors not a worry: analysts
10/05 VN-Index suffers as large-caps fall
10/05 Derivatives market records surge in transaction value in April
09/05 Indications slum on both bourses, VN-Index closes at 1,060 points
07/05 Market to see correction on fears of bull trap
05/05 VN-Index slightly rises to stand at 1,026.8 points
04/05 VN-Index declines a second day
03/05 VN-Index losses over 21 points after holidays
26/04 Key stocks rebound, fueling VN-Index’s recovery
24/04 STG: Sotrans to cancel listing on HOSE
 
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