Sunday, January 26, 2020 9:32:49 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 advance as blue-chips gain ground
Vietnam News - 8/21/2019 2:10:30 PM
 (0 ratings. You must sign in to rate.)
Shares gained further on Tuesday thanks to buying focusing on some individual blue-chips.
The VN-Index on the Hồ Chí Minh Stock Exchange rose 0.37 per cent to end the trading session at 984.67 points.
The southern market index inched up 0.11 per cent to end Monday at 981.03 points.
On the Hà Nội Stock Exchange, the HNX-Index increased 0.38 per cent to 102.98 points.
The index edged up 0.23 per cent to end Monday at 102.58 points.
More than 310.3 million shares worth nearly VNĐ6 trillion (US$257 million) were traded on the two markets.
The Vietnamese stock market was driven by the energy, banking, information and technology, logistics, rubber production, retail, wholesale, agriculture and seafood processing sectors.
Their sector indices rose between 0.27 per cent and 2.74 per cent, data on showed.
Large-cap stocks advanced on Tuesday with the VN30-Index increasing by 0.30 per cent to end at 894.45 points.
The pillars that have supported the market included Vinhomes (VHM) (+3 per cent), PetroVietnam Gas JSC (GAS) (+1.2 per cent), Mobile World Group (MWG) (+1.8 per cent), Novaland (NVL) (+1.4 per cent), Vincom Retail (VRE) (+0.8 per cent), Vietcombank (VCB) (+0.1 per cent), Vietinbank (CTG) (+0.5 per cent), Bank for Investment and Development (BID) (+0.3 per cent) and Military Bank (MBB) (+0.5 per cent).
On the opposite side, there were a few pillars ending down such as Vingroup (VIC) (-0.7 per cent), Masan Group (MSN) (-1.2 per cent), Vinamilk (VNM) (-0.4 per cent), Bảo Việt Holdings (BVH) (-0.9 per cent), and Hòa Phát Group (HPG) (-0.7 per cent).
Industrial real estate developers were darlings of the market with many good gainers like the Development Investment Construction Joint Stock Corporation (DIG) (+6.7 per cent), Bà Rịa-Vũng Tàu House Development Co (HDC) (+1.7 per cent), Hà Đô Group Joint Stock Company (HDG) (+1.4 per cent), Từ Liêm Urban Development Joint Stock Company (NTL) (+0.4 per cent), Danang Housing Investment Development JSC (NDN) (+2.7 per cent), Nam Tân Uyên Joint Stock Company (NTC) (+1.3 per cent), Tín Nghĩa Industrial Park Development Joint Stock Company (TIP) (+6.8 per cent), Sonadezi Long Thành (SZL) (+4.9 per cent) and SONADEZI Châu Đức Shareholding Company (SZC) (+5.5 per cent).
With the increase of world oil prices, local oil and gas stocks like PetroVietnam Technical Services Corporation (PVS), PetroVietnam Drilling and Well Services Corporation (PVD), Drilling Mud Joint Stock Corporation (PVC) and PetroVietnam Gas JSC (GAS) also advanced. Future Brent oil price increased by $1.1, equivalent to 1.88 per cent, to $59.74 per barrel. Future WTI oil prices rose $1.34, equivalent to 2.44 per cent, to $56.21 per barrel.
According to BIDV Securities Company (BSC), foreign investors net sold VNĐ73.63 billion on the HOSE, including Vietjet Air (VJC) (VNĐ97.2 billion), Hòa Phát Group (HPG) (VNĐ41.33 billion) and Vietcombank (VCB) (VNĐ16.65 billion). They were net sellers on the HNX with a value of VNĐ14 billion.
If maintaining the uptrend in the next sessions, VN-Index will move to retest the resistance level of 985 points before determining a clear trend, BSC said. —VNS  
Read original article here
Newer News
25/01 VN stocks advance for third day
18/01 Firms ask for delay financial statements release
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
20/08 Shares move up with strong divergence among large-caps
19/08 Vietnam stocks predicted to swing for another week
15/08 Securities regulator unveils corporate governance code
14/08 Investors cheer US tariff delay
14/08 Post-merger stock exchange headquarters in Hanoi
11/08 Listed companies honoured for best investor relations
09/08 VN-Index makes progress on purchase power
08/08 VN shares move up but liquidity modest
07/08 Shares slide, money flows into industrial sector
06/08 Shares tumble on massive selling
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.