Friday, April 19, 2019 7:09:13 PM - Markets open
VN-INDEX 966.21 +3.91/+0.41%
HNX-INDEX 105.88 +0.13/+0.12%
UPCOM-INDEX 56.05 +0.05/+0.08%
Large-cap stocks lift market
Vietnam News - 8/29/2018 9:02:37 AM
 (0 ratings. You must sign in to rate.)
HÀ NỘI — Shares ended on a positive note on Tuesday as cash flowed into large-caps.
The benchmark VN-Index on the HCM Stock Exchange rose 0.33 per cent to close at 995.19 points having gained 0.49 per cent on Monday.
The HNX-Index on the Hà Nội Stock Exchange advanced 0.56 per cent to end at 112.24 points after jumping 3.33 per cent the previous day.
Liquidity slid slightly compared to the previous session with more than 220.2 million shares traded on the two local bourses worth nearly VNĐ5 trillion (US$216.7 million).
Financial-banking, securities, construction materials and insurance were the main driving factors on Tuesday.
Mixed performances were seen among the top 30 largest stocks by market capitalisation in the VN30 basket, but the VN30 Index inched up 0.46 per cent to end at 971.01 points.
Among the gainers were PetroVietnam Gas JSC (GAS), Saigon Securities Incorporation (SSI), Saigon Hanoi Commercial Joint Stock Bank (SHB), FLC Faros Construction Joint Stock Company (ROS) and steel maker Hoà Phát Group (HPG).
On the other side, steel maker Hoa Sen Group (HSG), real estate developer Vinhomes (VHM), Techcombank (TCB) and retailer Mobile World Group weighed on market sentiment.
Bank stocks gained across the board, with SHB, Vietcombank (VCB) and Sài Gòn Thương Tín Commercial Joint Stock Bank (STB) respectively jumping 2.4 per cent, 1.4 per cent and 0.9 per cent.
Securities stocks increased, strongly driven by VNDirect Securities Corporation (VND), Saigon Securities Incorporation (SSI) and MB Securities Joint Stock Company (MBS). Among steel stocks, Hoà Phát Group (HPG) rose by 2.4 per cent.
According to Bảo Việt Securities Company, the VN-Index is moving towards the resistance threshold of 996-1,010 points. However, the market is witnessing wide divergence among groups of stocks and may experience some alternate volatility and corrections while moving up.
Foreign investors bought VNĐ283 billion on HOSE, focusing on steel maker Hoà Phát Group (HPG) (VNĐ140.86 billion), Saigon Securities Incorporation (SSI) (VNĐ61.34 billion) and Vietcombank (VCB) (VNĐ50.13 billion). They also net bought VNĐ1.66 billion on the HNX.
According to BIDV Securities Company (BSC), the positive results from the US-Mexico trade talks as well as optimistic investor sentiment about the prospects for trade between the US-Canada and the European Union in the forthcoming negotiations led the market up.
The UPCOM Index on the Unlisted Public Company Market (UPCoM) edged down 0.52 per cent to finish at 51.28 points. The unlisted market index dropped 0.09 per cent in the previous session. — VNS
Read original article here
Newer News
17/04 "Vin" stocks drag on markets
16/04 Pessimism may drag VN stocks further this week
09/04 VN stocks progress ahead of reports
09/04 VN-Index nears 1,000-point mark on April 8
08/04 Few stock-focused funds beat VN-Index in Q1
08/04 HoSE to help foreign investors
05/04 VN stocks change little on lack of purchasing power
04/04 Vietnam remains in FTSE Russel’s watchlist for reclassification
04/04 Oil stocks narrow market's decline
03/04 Market drops despite global rally
Older News
28/08 VN-Index struggles to maintain rally
27/08 Reference exchange rate down on first day of week
27/08 VN Index to rise amid volatility, weak liquidity
25/08 Negative sentiment ends VN-Index rally
24/08 VN stocks up for sixth straight day
23/08 VN stocks continue rallying
22/08 VN stocks rally on global developments
20/08 Masan buys tungsten facility for 29 million USD
20/08 Share to advance on supportive information
17/08 VN-Index rebounds on large caps
Newsletter Signup
Top Stories
Vinalines Logistics’ profit growth projected at least 10 percent
Shares move little as Tết approaches
Consumer price index slips 0.07 per cent during August
Average VND/USD exchange rate rises by another 1%
Vietnam doubles dong’s trading band after China devalues yuan
Market Update
Last updated at 3:09:11 PM
VN-INDEX 966.21 +3.91/+0.41%
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.