Sunday, August 16, 2020 2:55:26 AM - Markets open
VN-INDEX 850.74 -4.31/-0.50%
HNX-INDEX 116.23 -0.64/-0.54%
UPCOM-INDEX 56.74 -0.12/-0.22%
Stock market sees positive growth in Q1
vietnamplus.vn - 5/8/2019 12:46:56 PM
 (0 ratings. You must sign in to rate.)
The stock market’s growth in the first quarter of 2019 was fairly positive with 15 out of the 18 sectors gaining higher scores and a strong flow of money poured into the market through exchange traded funds.
 
The statement was revealed by Dao Tuan Trung, head of the research centre at Vietinbank Securities, at a conference assessing the development prospects of Vietnam’s economy and stock market in 2019.
 
He forecast that the profit growth of businesses listed on the Ho Chi Minh Stock Exchange (HOSE) will reach 7.51 percent this year. At the end of 2019, the VN-Index is projected to stand between 920 and 950 based on the anticipation of interest rate, profit and price-to-earnings ratio.
 
According to Nguyen Duc Thanh, Director of the Institute for Economic and Policy Research (VEPR), Vietnam’s economy expanded by 6.79 percent in the first three months of this year. However, it depended heavily on foreign-invested enterprises, and the growth rate of some industries showed signs of slowing down, he said.
 
Inflation is likely to increase due to the price hike of energy and the enactment of environmental protection taxes. This requires prudent management from the State Bank of the money supply and credit growth in the coming time, he suggested.
 
General Director of FiinGroup Nguyen Quang Thuan said the banking sector recorded impressive growth in January-March, with the net profit of 17 banks increasing by 12 percent.
 
The profit prospects for businesses have good signs with the earnings per share (EPS) expected at about 14.5 percent in 2019 and mainly from large-scale enterprises, he added. –VNA 
 
Read original article here
 
Newer News
14/08 Shares move higher amid vaccine hopes
14/08 Lower interest rates not a good thing for equity market
13/08 New rule, portal developed for corporate bond market
13/08 Shares advance on the rise of oil stocks
07/08 Derivatives market sees liquidity rise in July
04/08 VN shares advance on hopes for virus block
04/08 Maximum 130,700 USD fine for listing violations: Draft decree
21/07 Stock market celebrates 20th birthday
18/07 Shares drop further on low liquidity
15/07 New regulations about corporate bond issuance
Older News
06/05 VN stocks plummet, insurance stocks hit hard
04/05 Purchases dominate foreign investors’ transactions on UPCoM in April
02/05 VN stocks may go sideways in post-holiday trading
01/05 Forestry exports on the rise
26/04 VN stocks decline from a two-day rally
24/04 VN stocks up on weak bottom-fishing purchases
23/04 VN stocks fall on disappointing Q1 earnings
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
 
Newsletter Signup
Top Stories
GDP forecast to grow 3.8 percent this year
New regulations about corporate bond issuance
Reference exchange rate remains unchanged
New traders flock to market
Reforms needed to attract foreign portfolio investment: fund manager
Market Update
Last updated at 3:10:02 PM
VN-INDEX 850.74 -4.31/-0.50%
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.