Tuesday, March 19, 2024 10:05:20 AM - Markets open
VN-INDEX 1,242.68 -0.88/-0.07%
HNX-INDEX 237.12 +0.44/+0.19%
UPCOM-INDEX 90.43 +0.11/+0.12%
Shares advance for second day on foreign buying
vietnamplus.vn - 7/11/2019 1:09:43 PM
 (0 ratings. You must sign in to rate.)
Local shares rose for a second day, buoyed by foreign trading and positive performance of oil and gas stocks.
 
The VN-Index on the Hồ Chí Minh Stock Exchange closed Wednesday up 0.47 per cent at 973.65 points. It rose 0.3 per cent in the previous session.
 
After rising more than 1 per cent on Tuesday, the HNX-Index on the Hà Nội Stock Exchange inched up just 0.04 per cent to end Wednesday at 105.14 points.
 
Liquidity declined with 183.4 million shares worth VNĐ4.32 trillion (US$185.5 million) being traded in the two markets, down 4.5 per cent in volume and 9 per cent in value compared to Tuesday’s figures.
 
Foreign investors continued their buys and supported the local market.
 
They extended their net buying streak to five sessions in a row on the Hồ Chí Minh Stock Exchange with value of nearly VNĐ193 billion on Wednesday, up 51 per cent over the previous session. Their net buy value on the Hà Nội bourse was VNĐ27 billion.
 
Oil and gas stocks topped their buys on both exchanges. In HCM City, Petrolimex (PLX) and PV Gas (GAS) were the most popular stocks with net buy value of VNĐ67 billion and VNĐ26.4 billion, respectively. In Hà Nội, foreign traders poured net value of VNĐ30.5 billion into shares of PetroVietnam Technical Services (PVS).
 
“Foreign investors’ net buying activities are a positive sign, supporting the market’s recovery in the short run. However, trading volume has not improved much, showing investors still have a certain caution, refusing to buy at high prices in this period,” stock analysts at Sài Gòn-Hà Nội Securities Co (SHS) wrote in a daily market report.
 
Oil and gas stocks were among the best performers on Wednesday, propped up by gains on world oil markets. Oil prices shot up for four consecutive sessions following escalating tensions in the Gulf.
 
In the local market, big companies such as PV Gas, Petrolimex, PetroVietnam Drilling and Wells Service and PetroVietnam Technical Services gained between 1.3 per cent and 2.5 per cent.
 
Other blue chips also gained and supported the market, such as Vietjet (VJC), Coteccons Construction (CTD) and Hồ Chí Minh Infrastructure and Investment (CII) all rising by more than 2 per cent.
 
SHS’s analysts have suggested investors pay close attention the testimony of the US Federal Reserve chairman Jerome Powell on monetary policy before Congress on Wednesday and Thursday this week as this event can cause volatility in the market. — VNS
 
 
Read original article here
 
Newer News
18/03 Market likely to be affected by Fed's meeting this week
18/03 Investors show strong interest in dividends at annual shareholders' meetings
15/03 VN-Index corrects, liquidity stays high
14/03 Stock Market Upgrade Journey: overcoming hurdles and reaching new heights
13/03 Market rebounds from cautious sentiment
12/03 Losses in bank stocks weigh on market sentiment
12/03 ETFs continue to see strong outflows of foreign capital
01/03 Market mixed, liquidity reaches over $1 bln
29/02 VN-Index hits more than 1-year high
29/02 Vietnamese stock market rapidly advancing towards global standards: Prime Minister
Older News
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
03/07 Global worries pull VN stocks down
02/07 VN stocks climb with hopes for trade deal, corporate earnings
01/07 Market to rebound in the third quarter
29/06 Shares recover as cash pushes large-caps up
 
Newsletter Signup
Top Stories
Man owes bank nearly VNĐ9 billion in credit card's interest after 11 years
VN-Index corrects, liquidity stays high
Stock Market Upgrade Journey: overcoming hurdles and reaching new heights
Corporate bond market quiet in February
Losses in bank stocks weigh on market sentiment
Market Update
Last updated at 10:04:59 AM
VN-INDEX 1,242.68 -0.88/-0.07%
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.