Friday, March 29, 2024 4:26:14 AM - Markets open
VN-INDEX 1,290.18 +7.09/+0.55%
HNX-INDEX 243.92 +1.07/+0.44%
UPCOM-INDEX 91.48 +0.30/+0.33%
VN stocks make modest gains on mid-cap and small-cap firms
Vietnam News - 9/12/2019 1:05:42 PM
 (0 ratings. You must sign in to rate.)
Vietnamese shares were mixed on Wednesday as capital was directed into mid-cap and small-cap firms.
 
The benchmark VN-Index on the Hồ Chí Minh Stock Exchange inched down 0.10 per cent to end at 969.31 points.
 
The VN-Index has lost a total 1.50 per cent since the start of September.
 
The HNX-Index on the Hà Nội Stock Exchange advanced 0.20 per cent to close at 100.17 points, ending its previous six-day losing streak of total 2.30 per cent.
 
Nearly 180 million shares were traded on the two local exchanges, worth VNĐ4.1 trillion (US$177 million).
 
All sub-component indices on both local exchanges increased on Wednesday, proving market sentiment was better.
 
Le large-cap VN30 and HNX30 were up 0.28 per cent each. Mid-cap and small-cap indices also advanced between 0.09 per cent and 0.59 per cent on the two bourses.
 
Stronger gains of mid-cap and small-cap indices compared to large-cap indices showed investors were seeking opportunities in smaller companies’ stocks.
 
The best-performing sector on the market was the building materials industry, whose index gained 2.5 per cent, data on vietstock.vn showed.
 
Steel stocks drove the sector up including Hòa Phát Group (HPG), Hoa Sen Group (HSG), Pomina (POM) and Tiến Lên Steel JSC (TLH).
 
Those companies saw share prices rise after each of them had supportive news.
 
Hoa Sen Group has announced it will buy back 16,500 shares as treasury shares. The firm's shares rose 2.3 per cent.
 
Pomina is planning to issue more than 36.3 million shares to pay a dividend to shareholders. Its shares rose 2.4 per cent.
 
Meanwhile, Hòa Phát shares and Tiến Lên Steel shares were up 3.5 per cent and 2.7 per cent, respectively.
 
Local steel firms also benefited from the Ministry of Industry and Trade’s move to investigate the dumping of cheap Chinese steel products into Việt Nam.
 
Other sectors that also performed well included ancillary, rubber and plastics, wholesale and insurance.
 
On the negative side, agriculture, healthcare and pharmaceuticals, seafood processing and consumer staple and electrics weighed on the market.
 
The stock market struggled with the depletion of trading liquidity, Sài Gòn- Hà Nội Securities Co (SHS) said in its daily report.
 
Market breadth was positive, with total 221 gaining stocks against 187 decliners, showing capital has began spreading widely to other sectors, the company said.
 
There was still chance for the VN-Index to make technical recoveries in the next days, especially when net foreign selling of only VNĐ8 billion had hardly impacted market sentiment, SHS said.
 
But SHS noted the market would likely move sideways and struggle within the day as there was little supportive news coming to boost market demand, the company added. — VNS
 
 
Read original article here
 
Newer News
23/03 Shares sustain gains on strong investor confidence
20/03 Vietnamese securities companies race to boost capital amid high market demand
19/03 Large-caps pressured as increased profit-taking drives share decline
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
Older News
11/09 VN stocks fall amid lack of support
09/09 Market trend hard to predict after difficult week
06/09 VN-Index drops for three straight days
06/09 Total UPCoM firms reach 850 in August
04/09 Shares decline after holiday due to investors' vigilance
03/09 Trade wars, speculation to hurt stocks
30/08 VN stocks up slightly as CPI moves forward
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
 
Newsletter Signup
Top Stories
Shares sustain gains on strong investor confidence
Banks given advantages to CASA ratio
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
Market Update
Last updated at 3:05:00 PM
VN-INDEX 1,290.18 +7.09/+0.55%
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.