Thursday, May 23, 2019 9:46:33 AM - Markets open
VN-INDEX 983.76 -0.02/0.00%
HNX-INDEX 106.02 -0.11/-0.11%
UPCOM-INDEX 55.38 0.00/0.00%
Shares extend gains thanks to large-caps
Vietnam News - 2/21/2019 1:28:31 PM
 (0 ratings. You must sign in to rate.)
HÀ NỘI — Shares extended gains on Wednesday, though the market saw wide divergence among stock groups.
The benchmark VN-Index on the Hồ Chí Minh Stock Exchange inched up 0.65 per cent to close at 970.58 points.
The southern market index rose 0.32 per cent to close trading at 964.35 points on Tuesday.
More than 170.8 million shares were traded on the southern bourse, worth VND4 trillion (US$171 million).
Other large-cap stocks also performed well, boosting the blue-chip VN30 Index 0.44 per cent to 911.80 points.
Eighteen of the largest stocks by market capitalisation in the VN30 basket advanced, eight declined while four remained unchanged.
Notably, real estate developer Vinhomes (VHM) increased by 3.9 per cent to end at VNĐ90,400 per share.
Besides, other large-caps such as Vincom Retail (VRE), brewery Sabeco (SAB), steel maker Hòa Phát Group (HPG) and Bank for Investment and Development (BID) also gained strongly.
On the other side, blue chips like consumer staple firm Masan Group (MSN), steel maker Hoa Sen Group (HSG), Ho Chi Minh Development Bank (HDB), Viet Nam National Petroleum Group (PLX), budget carrier Vietjet (VJC) and VPBank (VPB) fell, putting pressure on the market.
The HNX-Index on the Ha Noi Stock Exchange climbed 0.09 per cent to end at 106.30 points.
The northern market index decreased 0.59 per cent to close at 106.21 points on Tuesday.
More than 30 million shares were traded on the northern bourse, worth VND395 billion.
According to Bảo Việt Securities Company (BVSC), the market is predicted to keep moving towards the 975-991 point range in the next session and retreat in this resistance.
“The market will still see wide divergence among stock groups and the blue chips in the VN30 may experience strong volatility when September derivatives contracts expire tomorrow,” the company said in its daily report.
“Bank stocks are expected to have more positive movement in the remaining sessions this week. Meanwhile, large-cap stocks will still alternately rally and affect the index’s movement.”
Capital is forecast to flow into stocks which have yet to rally significantly or are accumulating to gain profits such as oil and gas, banks, textiles, fisheries, electricity, building materials and real estate stocks.
Investors can take advantage of market’s volatility and corrections to buy stocks for short-term trading and raise stock exposure to a maximum of 55 per cent to 65 per cent of the portfolio, BVSC said. — VNS
Read original article here
Newer News
21/05 Oil uptrend lifts VN stocks for seventh day
20/05 Market to face difficulties while VN-Index approaching 980 points
17/05 VN-Index rises despite selling pressure
16/05 VN-Index rises for third straight day
14/05 VN-Index ends in green on week’s first trading day
14/05 Hanoi Stock Exchange delists companies
13/05 VN stocks expected to decline, hopes rest on banks
13/05 Securities trading codes issued for more than 350 foreign investors in April
10/05 Derivatives market sees liquidity slump in April
09/05 VN stocks expand losses for 5th day
Older News
21/02 Global ETFs may eye eight VN blue chips
18/02 Securities trading codes issued to 265 foreign investors in January
12/02 VN-Index almost reaches 920 points after Tet holiday
11/02 VN Index returns from Tết, aims at 990 points
29/01 Shares move little as Tết approaches
29/01 VN-Index grows 0.36 percent on week’s first trading day
23/01 SSC to strengthen handling of stock manipulation
22/01 VN stocks up on blue-chip basket shake-up
21/01 Status upgrade may help Vietnam securities market attract 4.5 billion USD
17/01 Shares subside as investors remain cautious
Newsletter Signup
Top Stories
VAMC to reclaim US$2.13 billion in bad debts
HCM City: 46.8 percent of FDI goes to property sector
Vietnam Pepper Association not hopeful of global price recovery
HVN: Vietnam Airlines to pay $63.9 million cash dividend
Reference exchange rate kept unchanged on May 6
Market Update
Last updated at 10:03:56 AM
VN-INDEX 983.76 -0.02/0.00%
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.