Saturday, September 19, 2020 6:16:27 AM - 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 advance on the rise of oil stocks
Vietnam News - 8/13/2020 1:34:30 PM
 (0 ratings. You must sign in to rate.)
Vietnamese shares advanced on Wednesday as increasing oil prices helped boost petroleum stocks.
 
The benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) rose 0.46 per cent to end Wednesday’s session at 846.92 points.
 
The index had edged down 0.01 per cent to end Tuesday’s session at 843.08 points.
 
Nearly 272.5 million shares traded on the southern exchange, worth VNĐ4.5 trillion (US$193.9 million).
 
Market breadth was positive with 205 gainers and 180 decliners.
 
The blue-chip index VN30, which tracks the performance of the 30 largest stocks by market capitalisation and liquidity on HoSE, rose 0.49 per cent to end Wednesday at 788.42 points.
 
Eighteen of the 30 largest stocks by market capitalisation and trading liquidity in the large-cap basket increased while eight decreased.
 
The stock market was driven by strong gains in energy and mining stocks after global oil prices picked up in Wednesday's overnight trading.
 
According to Reuters, oil prices climbed with Brent up 0.6 per cent at $44.75 a barrel. US crude was up 0.5 per cent at $41.80.
 
The oil and gas sector index gained 1.57 per cent, becoming one of the best-performing sectors in Việt Nam on Wednesday, data on vietstock.vn showed.
 
Vietnamese oil and gas stocks grew well, including PetroVietnam Gas JSC (GAS), Việt Nam National Petroleum Group (PLX), PetroVietnam Drilling & Well Services Corporation (PVD), PetroVietnam Power Corp (POW), and PetroVietnam Technical Services (PVS).
 
Besides the petroleum industry, financial stocks also performed well with the banking and insurance industry indices rising 0.6 per cent and 0.3 per cent, with gainers including Vietcombank (VCB), Techcombank (TCB), Vietinbank (CTG), HDBank (HDB), VPBank (VPB), Bank for Investment and Development of Việt Nam (BID) and insurer Bảo Việt Holdings (BVH).
 
On the Hà Nội Stock Exchange, the HNX-Index slid 0.17 per cent to end at 116.10 points.
 
The index went up 2.34 per cent to end Tuesday at 116.30 points.
 
More than 44.1 million shares were traded on the northern exchange, worth VNĐ580 billion.
 
According to Thành Công Securities Co, in the absence of motivation for a strong breakout, the VN-Index will need more time to accumulate so it can move further to as much as 855-865 points.
 
Profit-taking pressure still weighed on many groups of stocks with strong growth previously, the company said.
 
It recommended investors maintain an average stock ratio of 40-50 per cent in their portfolios for medium and long-term goals. — 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
07/08 Derivatives market sees liquidity rise in July
04/08 VN shares advance on hopes for virus block
04/08 Maximum 130,700 USD fine for listing violations: Draft decree
21/07 Stock market celebrates 20th birthday
18/07 Shares drop further on low liquidity
15/07 New regulations about corporate bond issuance
13/07 Stocks to struggle on mixed Q2 earnings report releases
12/07 Rallies end as profit-taking weighs on large-caps
07/07 VN stocks advance as securities, banking and aviation industries rise
07/07 Corporate bond market to boom in second half
 
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...
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.