Monday, March 30, 2020 5:11:04 PM - Markets open
VN-INDEX 662.26 -33.80/-4.86%
HNX-INDEX 93.28 -4.07/-4.18%
UPCOM-INDEX 47.63 -1.19/-2.43%
VN stocks up slightly as CPI moves forward
Vietnam News - 8/30/2019 1:22:30 PM
 (0 ratings. You must sign in to rate.)
Vietnamese shares moved up little on Thursday as retailers and food companies were boosted by the increase of August consumer price index (CPI).
The benchmark VN-Index on the Hồ Chí Minh Stock Exchange inched up 0.14 per cent to close at 978.59 points.
The VN-Index dropped as much as 0.40 per cent during the day.
According to the General Statistics Office, CPI in August is up 0.28 per cent from July – boosted by the increased consumption of pork.
CPI growth indicates purchasing power is good and people buy more products for consumption.
Therefore, the rise of CPI often indicates earnings of retailers and producers grow.
Though August CPI growth is the weakest in three years, it is enough to lift retail and food and beverage sector indices by 0.9 per cent and 2 per cent, data on showed.
Leading the two sectors up were dairy producer Vinamilk (VNM), brewer Sabeco (SAB), food and drink firm Masan (MSN), retailer Mobile World Investment (MWG), and Phú Nhuận Jewellery JSC (PNJ).
Those firm shares advanced between 0.3 per cent and 3 per cent.
The benchmark index was also supported by the gains of tech group FPT (FPT), property firm Vingroup (VIC), Bank for Investment and Development of Vietnam (BID), and PetroVietnam Gas (GAS).
Those large-cap stocks helped raise the VN30-Index up 0.34 per cent to 889.13 points at the end of the day.
On the Hà Nội Stock Exchange, the HNX-Index was down 0.38 per cent to end at 101.94 points.
The northern market index fell 0.52 per cent in the previous session.
More than 156 million shares were traded on the two exchanges, worth VNĐ3.6 trillion (US$155.3 million).
Foreign investors were net buyers for a second straight day and though purchases remained modest, it clearly had a positive impact on market sentiment.
Foreign investors net-bought total VNĐ14 billion worth of Vietnamese shares. They recorded VNĐ40 billion worth of net-purchase on Wednesday.
The market’s short-term prospects are quite positive, according to securities firms.
Most of investors were still cautious and the overall market condition was almost unchanged, VNDirect Securities Corp (VNDS) said in its daily report.
The decline of trading liquidity in the last few days proved it had been difficult for both sellers and buyers to make decisions, VNDS said.
The market would need better stories to lure the capital back such as the State’s divestment of large-cap firms and the increase of foreign ownership limits in local banks, the company said.
There were still some bright spots at the moment among local stocks such as industrial park developers and logistics firms, Thành Công Securities Co (TCSC) said.
However, the market would still be outweighed by low market confidence, which is caused by the uncertainty of the international markets, the company said.  VNS
Read original article here
Newer News
14:21 VN stocks nosedive following higher infection reports
27/03 Shares struggle as investors still cautious after hefty gains
26/03 Securities service fees cut does help, but more drastic measures in need: experts
26/03 VN-Index witnesses largest one-day gain since 2012
19/03 VN stocks head up amid strong foreign selling
18/03 VN-Index slides as foreign selling outclasses cheap purchases
18/03 Prices of some securities services to be cut to support market
17/03 VN stocks lose ground on recession worries
16/03 Market analysts expect unstable trade this week
13/03 Shares tumble over WHO declaration of COVID-19 pandemic
Older News
29/08 VN stocks down, worries remain over the market uptrend
28/08 VN stocks fall as investors face uncertainties
27/08 VN stocks drop on global pressures
26/08 VN-Index may face correction pressure when nearing 1000 points
21/08 Shares advance as blue-chips gain ground
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
Newsletter Signup
Top Stories
Reference exchange rate down 5 VND on March 26
Reference exchange rate up 5 VND on March 18
Shares tumble over WHO declaration of COVID-19 pandemic
Tight co-ordination needed to ensure EVFTA benefits
VN shares mixed, but growth expected to return
Market Update
Last updated at 3:10:07 PM
VN-INDEX 662.26 -33.80/-4.86%
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.