Wednesday, June 03, 2020 3:00:41 AM - Markets open
VN-INDEX 874.80 -3.87/-0.44%
HNX-INDEX 113.64 -0.49/-0.43%
UPCOM-INDEX 55.98 +0.39/+0.71%
VN-Index gains for sixth straight session
Vietnam News - 4/21/2020 1:09:43 PM
 (0 ratings. You must sign in to rate.)
Vietnamese shares climbed on Monday thanks to positive signs in the country’s efforts to contain the COVID-19 pandemic, while a jump in energy stocks also boosted indices.
 
The benchmark VN-Index on the Hồ Chí Minh Stock Exchange gained for a sixth straight session on Monday, up 0.68 per cent to close trading at 794.97 points.
 
The index had gained a total of 4.18 per cent last week to hit a one-month high of 789.6 points.
 
More than 336 million shares were traded on the southern exchange, worth VNĐ5.2 trillion (US$221.7 million).
 
The large-cap tracker VN30-Index climbed 0.18 per cent to close at 736.31 points.
 
In the VN30 basket, 13 of the 30 largest stocks by market capitalisation and trading liquidity increased, while 13 declined. Four were unchanged.
 
Market sentiment remained positive as investors had hopes that nationwide social distancing orders to contain the spread of the coronavirus were working.
 
Việt Nam has reported no new coronavirus infections in the last four days.
 
The total number of infected patients in Việt Nam remained at 268 as of Monday, the National Steering Committee for COVID-19 Prevention and Control announced.
 
A nationwide social distancing campaign came into effect on April 1 to stem the spread of COVID-19.
 
Oil and gas stocks rose sharply on Monday, with gainers including PetroVietnam Gas JSC (GAS), increasing by 1.6 per cent, PV Power (POW), rising by 4 per cent, PetroVietnam Technical Services Corporation (PVS), up by 5.7 per cent and PetroVietnam Construction Corporation (PVC), climbing by 7.7 per cent.
 
Notably, PetroVietnam Coating Corp (PVB) soared by 9.7 per cent and PetroVietnam Drilling and Well Services Co (PVD) surged by 6.6 per cent.
 
Other pillars also performed well, including brewery Sabeco (SAB), rising by 7 per cent and giant steelmaker Hoà Phát Group (HPG), going up 2.4 per cent.
 
On the other side, some blue chips lost ground. Vincom Retail (VRE) dropped by 1.1 per cent, insurer Bảo Việt Holding (BVH) fell by 1.2 per cent and Masan Group (MSN) lost 2 per cent.
 
Banking stocks also traded negatively, including Saigon Hanoi Bank (SHB), falling 3.3 per cent, VPBank (VPB) and Military Bank (MBB) dropping by 2.1 per cent, Sacombank (STB), down 1.8 per cent, Asia Commercial Bank (ACB), falling 1.4 per cent and Vietinbank (CTG), dropping 1.2 per cent.
 
The HNX-Index on the Hà Nội Stock Exchange moved down 0.71 per cent to close Monday at 109.68 points.
 
Nearly 72.2 million shares were traded on the northern bourse, worth VNĐ695 billion.
 
According to Bảo Việt Securities Co (BVSC), the VN-Index is forecast to head toward the resistance zone of 800-820 points.
 
“However, the index will possibly face correction and volatility pressure at this resistance in several sessions. Leading large-cap stocks are showing signs of a slowdown at high prices after surges recently,” BVSC said. — VNS
 
Read original article here
 
Newer News
02/06 Stock market may not enjoy lower lending rate impact: analysts
29/05 Local stocks gain slower, as banks and petrochemical firms keep increasing
14/05 VN stocks slide, but market prospects remain positive
07/05 Large-caps maintain uptrend, markets extend gains in the afternoon
05/05 Markets tumble as global sentiment worsens
29/04 Plummeting stock prices raise fears of businesses being acquired
28/04 VN stocks pulled down by profit-taking
Older News
17/04 VN shares struggle to stay positive
16/04 Vietnamese stocks rise for third day
15/04 Shares swing as profit-taking gets stronger
14/04 ETFs sell net $283 million in ASEAN in Q1: VNDS
10/04 Shares gain for seven straight sessions, fueled by banking and mining stocks
09/04 Shares rebound on increasing demand but worries remain
09/04 Market capitalisation of listed shares on HOSE drops in March
08/04 Shares recede on worries of foreign selloffs
07/04 VN-Index witnesses largest one-day gain in 19 years
04/04 Local shares end positively on oil price hikes, better market sentiment
 
Newsletter Signup
Top Stories
Foreign Ministry: Vietnam recovers economy during, after COVID-19
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
Market Update
Last updated at 3:10:03 PM
VN-INDEX 874.80 -3.87/-0.44%
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.