Wednesday, July 18, 2018 11:34:56 AM - Markets open
VN-INDEX 933.54 +12.27/+1.33%
HNX-INDEX 105.89 +1.06/+1.01%
UPCOM-INDEX 49.93 +0.51/+1.02%
VN stocks recover as tensions ease
Thanhnien.vn - 7/13/2018 9:13:48 AM
 (0 ratings. You must sign in to rate.)
Vietnamese shares ended Thursday on a positive note following the improvement of global markets as trade war fears were soothed by news of potential talks between China and the US.
 
The benchmark VN Index on the HCM Stock Exchange gained 0.60 per cent to close at 898.51 points and recovered from a three-day loss of 2.65 per cent.
 
The HNX Index on the Hà Nội Stock Exchange rose 1.94 per cent to end at 100.43 points. It fell 3 per cent on Wednesday.
 
The Vietnamese stock market was supported by widespread good investor confidence on global markets after reports emerged that China and the US may start discussions to resolve their trade dispute.
 
The local market was covered by gaining stocks, which outnumbered declining stocks by 236 to 181.
 
Better investor confidence lifted 13 of the 20 sectors with the best-performing stocks located in the banking-financial, rubber, agriculture and ICT industries, data on vietstock.vn showed.
 
The blue-chip VN30 Index edged up 0.31 per cent to finish at 883.87 points with 19 of the 30 largest stocks by market capitalisation in the VN30 basket gaining.
 
The strongest gainers among those blue chips included Vietinbank (CTG), MBBank (MBB), Bank for Investment and Development of Việt Nam (BID), Vietcombank (VCB) and FLC Faros Construction Corp (ROS), which moved up at least 2 per cent.
 
Securities firms also had a good session as large-cap stocks in the sector saw their prices rise, such as Bảo Việt Securities (BVS), Sài Gòn-Hà Nội Securities (SHS), BIDV Securities (BSI) and VNDirect Securities (VND).
 
Despite positive signals from the stock market, Sài Gòn-Hà Nội Securities Company (SHS) remained pessimistic about the short-term movement of the market.
 
“Trading liquidity touched the lowest level in the last one-and-a-half years” as investors continued to switch their attention to the derivatives market, SHS said in its daily report.
 
More than 139.5 million shares were traded on the two local exchanges, worth VNĐ2.73 trillion (US$121.3 million).
 
The trading figures on Thursday were down 29 per cent in volume and 37 per cent in value compared to the previous session.
 
“Cash flow remained weak, proving it is one of the most difficult times for the market, and investors are surely disappointed with the current market conditions,” SHS said.
 
Foreign investors on Thursday ended as net sellers, posting VNĐ62.7 billion worth of net sell value, compared to a net buy value of VNĐ107.8 billion made in the previous session.
 
“The stock market is consolidating with depleting liquidity to build up a strong fundamental range so that it can climb back at the end of the current volatile period,” SHS said.
 
Therefore, the VN Index was expected to grow slightly on Friday to strengthen its position at the 900-point level with low liquidity, SHS forecast. — VNS
 
Read original article here
Newer News
10:02 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
Older News
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?
10/07 Weak cash flow drives market down
07/07 Stock market recovers on July 6
06/07 SSI continues its lead in brokerage market share
06/07 VN shares slump amid trade war fears
05/07 VN stocks rebound on bottom-fishing
04/07 Selling pressure drives market down
03/07 Indices fall on week’s first trading 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 11:31:38 AM
VN-INDEX 933.54 +12.27/+1.33%
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.