Wednesday, July 17, 2019 10:08:39 PM - Markets open
VN-INDEX 982.57 +0.46/+0.05%
HNX-INDEX 106.58 +0.73/+0.69%
UPCOM-INDEX 57.05 -0.25/-0.44%
VN stocks up on blue-chip basket shake-up
Vietnam News - 1/22/2019 1:32:01 PM
 (0 ratings. You must sign in to rate.)
HÀ NỘI — Vietnamese shares gained on Monday led by the banking sector following the shake-up of the large-cap VN30 Index.
The benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) rose 0.97 per cent to close at 911.05 per cent. It closed last week down slightly by 0.05 per cent.
The HNX Index on the Hà Nội Stock Exchange rose by 1.78 per cent to end at 103.37 points. The northern market index fell 0.3 per cent last week.
Bank stocks led the market upturn with the banking sector index jumping 3.5 per cent, data on showed.
HoSE on Monday announced four stocks would be added to its large-cap VN30 basket.
They included HDBank (HDB), Techcombank (TCB) and Eximbank (EIB), which rose between 1.9 per cent and 2.4 per cent.
The other stock to enter the VN30 basket is realty firm Vinhomes (VHM), which ended flat on Monday.
The southern market regulator also announced it would remove Bình Minh Plastics (BMP), steel maker Hoa Sen (HSG), consumer staple firm Kido (KDC) and petrol company Petrolimex (PLX) from the VN30 Index.
While BMP and KDC lost 1.8 per cent and 0.7 per cent, the news seemed to have no impacts on HSG and PLX, which gained 0.3 per cent and 1.7 per cent.
Official changes in the VN30 basket will be made on February 4, 2019. The VN30 Index tracks the performance of the 30 largest stocks by market capitalisation.
In addition, listed banks have released their earnings reports for 2018 which all beat previous year’s numbers.
HDBank has reported its full-year pre-tax profit grew 65.7 per cent to hit a record high of VNĐ4 trillion (US$172 million).
VPBank (VPB) shares leapt 3.9 per cent after the bank announced pre-tax profit of VNĐ9.2 trillion, up 13 per cent year-on-year.
Military Bank (MBB) reported pre-tax profit gains of 68 per cent to VNĐ7.77 trillion in 2018.
Military Bank also announced it would spend VNĐ2 trillion buying back 108 million shares between January 29 and February 27. The bank’s shares soared 6.3 per cent on the news.
The best-performing bank stock – Vietinbank (CTG) – surged 6.9 per cent on expectations of its earnings report.
Market liquidity remained modest ahead of the Tết (Lunar New Year) holiday, with 202.8 million shares traded, worth VNĐ3.76 trillion. — VNS
Read original article here
Newer News
16/07 HOSE releases updates for VN30 basket
15/07 Calls for insider traders to be dealt with criminally
12/07 Shares extend rally on credit growth limit relaxation
11/07 Shares advance for second day on foreign buying
10/07 Deutsche Bank's restructuring not expected to harm VN market
09/07 Securities firms warn listed businesses may struggle to meet EVFTA standards
08/07 VN stocks may keep rising, driven by corporate earnings
05/07 Transparency needed for healthier corporate bond market
05/07 VN stocks up, earnings hopes raise market sentiment
04/07 Vietnamese shares drop as worries persist over global slowdown
Older News
21/01 Status upgrade may help Vietnam securities market attract 4.5 billion USD
17/01 Shares subside as investors remain cautious
16/01 Funds suffer losses on poor market performance
02/01 Việt Nam equity market to thrive in 2019
19/12 Shares fall on world stocks sinking
17/12 Shares to grow slower in next two weeks
04/12 HNX collects $415m from share auctions in November
03/12 HNX-30 Index continues to underperform
26/11 Markets drop after recovery
19/11 Market short-term outlook remains negative
Newsletter Signup
Top Stories
Credit institutions warned about P2P lending
CPTPP boosts export opportunities in Japan
Deutsche Bank's restructuring not expected to harm VN market
VN to boost professional real estate brokers
Việt Nam's insurance industry keeps thriving in H1 2019
Market Update
Last updated at 3:09:27 PM
VN-INDEX 982.57 +0.46/+0.05%
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.