Monday, July 23, 2018 3:19:50 AM - Markets open
VN-INDEX 933.39 -10.58/-1.12%
HNX-INDEX 107.62 +2.03/+1.93%
UPCOM-INDEX 50.55 -0.03/-0.07%
Energy, bank shares boost bourses
Thanhnien.vn - 6/23/2018 10:45:12 AM
 (0 ratings. You must sign in to rate.)
Vietnamese shares added value nationwide in the last trading session of the week but suffered low liquidity, as oil and bank shares took the spotlight in spite of previous steep declines.
 
On the HCM City Stock Exchange (HOSE), the VN-Index increased by 1.42 per cent and closed at 983.17 points on Friday, reversing from its decline of 1.18 per cent on Thursday.
 
According to Bảo Việt Securities Company (BVSC), after sliding in the beginning, the index quickly rebounded and stayed on uptrend with stronger momentum towards the final minutes.
 
Therefore, the market is expected to have positive movement next week, BVSC said.
 
On the Hà Nội Stock Exchange (HNX), the HNX-Index rallied by 1.65 per cent to 111.98 points after losing 1.73 per cent on Thursday.
 
More than 170 million shares were traded on the two local exchanges, worth VNĐ4.4 trillion (US$191 million).
 
Large-cap stocks performed well as the VN30 Index, which tracks the performance of the 30 largest stocks by market capitalisation and trading liquidity, rose 1.81 per cent at 973.05 points.
 
Bank stocks strongly recovered in Friday’s session. VPBank (VPB) surprisingly rocketed by 6 per cent while other leading banks also had impressive performances, including Asia Commercial Bank (ACB), Vietcombank (VCB), Vietinbank (CTG) and Military Bank, rising between 2.2 per cent and 3.1 per cent.
 
The energy sector also played a crucial role in driving the market up, with prominent stocks soaring, namely Việt Nam National Petroleum Group (1.3 per cent), PetroVietnam Gas Joint Stock Corporation (1.8 per cent), PetroVietnam Technical Services Corporation (4.2 per cent), PetroViet Nam Coating JSC (2 per cent) and Drilling Mud Joint Stock Corporation (3.6 per cent)
 
Seventeen of the 20 sectors saw share prices increase, such as banking, securities, construction and energy, data on vietstock.vn showed.
 
Foreign investors’ buying activities intensified. They were net buyers of VNĐ175.78 billion on dairy firm Vinamilk (VNĐ 69.62 billion), steel maker Hòa Phát Group (VNĐ46.22 billion) and PetroVietnam Gas JSC (VNĐ27.69 billion).
 
 At the same time, they sold a net of VNĐ40.12 billion on the HNX.
 
According to Việt Dragon Securities Company (VDSC), the indexes increased quite strong on low volumes on Friday but this may be just a technical recovery session in an intermediate - term downtrend.
 
Therefore, investors should quickly reduce the proportion of stocks in the portfolio as soon as weak signals appear, VDSC said.
 
Meanwhile, BVSC predicted in its daily report that with a rebound in the last session of the week, VN-Index may see slight rise in early next week. Q2 Income statement season and net asset value (NAV) determination of funds are good news supporting VN-Index next week. — VNS
 
Read original article here
Newer News
21/07 VN shares slump on domestic fund restructure
20/07 Shares volatile on large-cap stocks
19/07 VN-Index rises over 21 points
18/07 Initial margin ratio raised to reduce derivatives risks
17/07 Banking stocks push shares up
16/07 Hopes dim for VN shares short-term prospects
13/07 VN stocks recover as tensions ease
12/07 Stocks dive on latest trade news
11/07 VN stocks fall on late selling again
10/07 Covered warrants: the answer to investors prayers?
Older News
22/06 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
 
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 3:10:36 PM
VN-INDEX 933.39 -10.58/-1.12%
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.