Friday, January 24, 2020 6:40:49 AM - Markets open
VN-INDEX 991.46 +5.09/+0.52%
HNX-INDEX 106.28 +0.69/+0.65%
UPCOM-INDEX 56.22 +0.26/+0.47%
Shares surge, VN-index hits one-year peak - 11/2/2019 10:27:57 AM
 (0 ratings. You must sign in to rate.)
Vietnamese shares surged on Friday with the VN-Index hitting a one-year high, propped up by positive sentiment and flourishing “Vin” stocks.
The VN-Index on the Hồ Chí Minh Stock Exchange soared 1.68 per cent to close Friday at 1.015,59 points.
It was the strongest session the VN-Index had seen since March 12, when the index exceeded the 1,000-point mark for the first time this year to close at 1001.32 points.
Trading liquidity reached a two-week high with 241.3 million shares exchanged on the southern bourse worth VNĐ5.1 trillion (US$218 million).
The southern index dropped 0.21 per cent to end Thursday at 998.82 points.
The darlings of the VN-Index yesterday were members of the “Vin” family who reported impressive gains and supported the index, including Vingroup (VIC), Vinhomes (VHM) and Vincom Retail (VRE).
VHM hit its daily limit after information spread about the company planning to buy back a maximum of 60 million shares, equivalent to 1.79 per cent of its capital.
Similarly, VRE surged by 5.6 per cent. The company also revealed it plan to buy back a maximum of 56.5 million shares, equivalent to 2.42 per cent of the firm’s capital.
Their parent company, giant IT-real-estate-manufacturing-retail conglomerate Vingroup, also recorded an increase of 2.9 per cent to VNĐ122,500 per share.
The banking sector performed well with gainers including Việt Nam International Commercial Joint Stock Bank (VIB), Vietinbank (CTG) and Vietcombank (VCB), all rising by more than 1 per cent.
On a sector basis, retail, wholesale, seafood production, rubber production, banking, insurance, securities, real estate, healthcare, construction material, food and beverages and oil and gas moved up.
On the opposite side, construction, agriculture and logistics declined.
On the Hà Nội Stock Exchange, the HNX-Index rose 0.53 per cent to end Friday at 105.75 points.
The northern index lost 0.66 per cent to close Thursday at 105.19 points.
Foreign investors bought a net value of VNĐ253.8 billion on HOSE, including Vincom Retail (VRE) (VNĐ104.45 billion), Vinhomes (VHM) (VNĐ74.11 billion) and Vinamilk (VNM) (VNĐ53.89 billion).
According to Bảo Việt Securities Company, as of October 31, 556 listed companies on the HOSX and HNX had released their business results for Q3 2019, with capitalisation accounting for 92 per cent of the entire market.
Profit increased by 18.76 per cent from Q3 2018. Increased profits were reported by 253 of the 556 companies.
The sectors with the highest profit growth included insurance (+49 per cent), banking (+43.17 per cent), food and beverages (+28 per cent), and real estate (+17 per cent). — VNS
Read original article here
Newer News
18/01 Firms ask for delay financial statements release
17/01 VN stocks advance for third day
17/01 VN stocks advance for third day
15/01 Stocks rebound but short-term outlook gloomy
14/01 VN stocks decline as holidays approach
10/01 Fewer investors open new trading accounts in 2019
09/01 Shares retreat as US-Iran conflict hits sentiment
08/01 Foreign investors interested in Vietnamese stock market
06/01 Global news, pre-Tết sentiment key to VN stocks
03/01 Stock market a pillar of economic growth
Older News
01/11 Profit-taking send stocks down
30/10 VN-Index recovers as large-caps gain ground
29/10 VN-Index fails to hit 1,000 points as selling increases
28/10 Large-cap firms to drive market up, but performance would be narrow
27/10 VN stocks up, Vietcombank shares hit new high
23/10 Shares slide on selling pressure
22/10 VN stocks slip on disappointing earnings, global news
20/10 Banks report higher profit
18/10 VN-index ends up lower as correcting pressure rises
17/10 Large-caps correct, halting VN-Index gains
Newsletter Signup
Top Stories
Reference exchange rate up 1 VND on January 17
Reference exchange rate up 1 VND on January 15
Reference exchange rate up 8 VND on January 9
Vietnam’s GDP to ease slightly in 2020: Fitch Solutions
Reference exchange rate down at week’s beginning
Market Update
Last updated at 3:10:04 PM
VN-INDEX 991.46 +5.09/+0.52%
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.