Friday, September 18, 2020 9:35:42 PM - Markets open
VN-INDEX 900.95 +6.91/+0.77%
HNX-INDEX 129.20 +0.73/+0.57%
UPCOM-INDEX 60.59 +0.72/+1.20%
Shares recover thanks to 'Vin' stocks
Vietnam News - 7/24/2019 1:00:23 PM
 (0 ratings. You must sign in to rate.)
Shares rebounded on Tuesday thanks to the positive movement of 'Vin' stocks and rallies by some individual heavyweight stocks.
The benchmark VN-Index on the Hồ Chí Minh Stock Exchange rose 0.76 per cent to close at 989.46 points.
Nearly 185 million shares were traded on the southern bourse, worth VNĐ4.7 trillion (US$201 million).
The index had slipped 0.03 per cent to close Monday at 982.04 points.
The large-cap VN30-Index was up 0.98 per cent to 888.26 points. Nineteen of the 30 largest stocks by market capitalisation ended the morning on a positive note.
Three 'Vin' shares, namely Vingroup (VIC), Vinhomes (VHM) and Vincom Retail (VRE), all extended their rallies. VIC increased by 2.8 per cent to VNĐ119,800 per share, VHM rose by 1.4 per cent to VNĐ85,800 per share and VRE climbed 1.6 per cent to VNĐ37,300 per share.
Other large-cap stocks such as PetroVietnam Gas JSC (GAS), steel maker Hòa Phát Group (HPG), Military Bank (MBB), Mobile World Group (MWG) also performed well and solidified the rise of VN-Index. GAS increased by 1.5 per cent to VNĐ107,100 per share, MWG rose 2.3 per cent to VNĐ108,900 per share. MBB climbed 2.3 per cent to VNĐ22,700 per share.
Sectors saw a wide divergence today. Real estate stocks went up 1.86 per cent thanks to Vingroup’s gains, while retail stocks increased by 2.03 per cent, owing to Phú Nhuận Jewelry PNJ (1.7 per cent), Mobile World Group MWG (2.3 per cent), and Digiworld JSC (DGW) (2.4 per cent).
Adversely, bank stocks fell 0.12 per cent, due to Bank for Investment and Development (BID), Asia Commercial Bank (ACB) and Vietcombank (VCB).
Foreign investors were net buyers for a sixth consecutive session on HoSE at almost VNĐ46 billion.
According to Bảo Việt Securities Company (BVSC), the VN-Index is forecast to improve in the next few sessions.
“The VN-Index will head toward the resistance zone of 992-993 points next session with the support from foreign investors’ net buying activities. In this resistance zone, the index may face volatility pressure before heading toward stronger resistance zone around 1,000 points in the short run,” BVSC said.
“Q2 financial reports being published will possibly continue to cause a wide divergence among sectors. Bank stocks are expected to maintain its uptrend in the short run. Large-cap stocks, including VIC, VHM, VRE, FPT and MWG will increase and dominate the index in the remaining sessions of the week,” it said.
Oil and gas stocks were sending positive signals, it added.
Stock exposure should be maintained at 50-60 per cent of the portfolio and investors with high stock proportion might consider selling stocks at 992-993 points.
They should take advantage of the market’s corrections to raise the proportion of short-term positions, focusing on blue-chip and large-cap stocks and shares with positive second quarter business results, BVSC said.
On the Hà Nội Stock Exchange, the HNX-Index lost 0.05 per cent to end at 106.71 points on Tuesday.
More than 28.4 million shares were exchanged on the northern bourse, worth VNĐ416 billion.
The index had lost 0.29 per cent to end at 106.76 points on Monday. — VNS
Read original article here
Newer News
15/09 Realty, materials boost VN market
14/09 Varying forecasts for stock market, plenty of opportunities for investors
11/09 Shares struggle as large caps vary
09/09 Local ETFs draw foreign attention
07/09 Profit taking to weigh on local market, but September may be bright
07/09 Stock market makes smart recovery in August [Sửa | Xóa]
03/09 New circular helps perfect financial products and stock market: expert
31/08 Beer industry: market slowly recovers
27/08 Selling pressure weighs down market
27/08 Intraday trading, short selling soon available: draft circular
Older News
23/07 State-owned blue chips not suitable for covered warrant trading
23/07 Selling pressure sends stocks down
21/07 VN stocks to struggle amid mixed corporate earnings
19/07 VN stocks fall, mounting sell pressure hits large-caps
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
Newsletter Signup
Top Stories
Reference exchange rate down 5 VND on September 15
Construction steel sales projected to recover in year-end months
HVN: Vietnam Airlines increases flights from/to Da Nang
Local ETFs draw foreign attention
Plastics industry shrugs off pandemic, interests stock investors
Market Update
Last updated at 3:10:06 PM
VN-INDEX 900.95 +6.91/+0.77%
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.