Saturday, October 24, 2020 6:11:37 PM - Markets open
VN-INDEX 961.26 +11.36/+1.20%
HNX-INDEX 141.70 +0.84/+0.60%
UPCOM-INDEX 63.91 +0.27/+0.42%
Realty, materials boost VN market
Vietnam News - 9/15/2020 3:50:55 PM
 (0 ratings. You must sign in to rate.)
Vietnamese shares were upbeat on Monday, driven by large-cap companies in the real estate and materials sectors.
 
The benchmark VN-Index on the Hồ Chí Minh Stock Exchange rose 0.63 per cent to 894.57 points.
 
The VN-Index dropped a total of 1.39 per cent last week.
 
Real estate and material sectors led the market’s upturn.
 
The two industries advanced 1.9 per cent and 1.2 per cent, respectively.
 
Vingroup (VIC), Novaland (NVL), Khang Điền House Trading and Investment (KDH), and Phát Đạt Real Estate Development (DPR) rose between 1.2 per cent and 2.2 per cent.
 
Vingroup shares advanced 2.2 per cent after the company said last weekend it would not exit the medical and education units.
 
Material producers were led by steel companies such as Hoa Sen Group (HSG), Nam Kim Steel (NKG), Pomina (POM), Vietnam-Italy Steel JSC (VIS) and Hòa Phát (HPG).
 
Among those companies, Hoa Sen shares soared 6.7 per cent and the company was the most active stock on the market with more than 25.8 million shares being exchanged.
 
According to Vietnam International Securities Co’s head of market analysis Nguyễn Hồng Khanh, some real estate companies will still record good earnings in the past quarter.
 
In general, realty firms with huge land assets and strong financial status will be a good choice at the moment and the purchasing power into property developers may only benefit some particular stocks in the short term, he said.
 
By market capitalisation, the large-cap tracker VN30-Index gained 0.81 per cent to 832.24 points while its VN30 futures due on September 20 edged up 0.74 per cent to 834 points at the end of Monday.
 
Mid-cap and small-cap indices VNMID and VNSML were up 0.87 per cent and 0.67 per cent to support the market.
 
The market sentiment improved on Monday and large-cap stocks were still the designated destination for investors, Thành Công Securities (TCSC) said in its daily report.
 
“But the market may struggle when the VN-Index is boosted to 900 points and that could be the key landmark for the index at the moment,” the company said.
 
On the Hà Nội Stock Exchange, the HNX-Index was up nearly 1 per cent to 127.43 points on Monday.
 
The northern market index inched up nearly 0.5 per cent last week.
 
Nearly 423 million shares were traded on the two exchanges, worth VNĐ7.03 trillion (US$303.6 million). — VNS
 
Read original article here
 
Newer News
22/10 Individual purchases still key to market growth, VN-Index expected to end year at 1,000 points
13/10 VN-Index loses momentum, banks progress on cash-preserving decision
06/10 Funds reports good performance in Q3
30/09 Stock market dives, profit taking rises in banking, consumer and energy sectors
30/09 Billions of banking stocks to flood market under dividend plans
25/09 Shares lose steam on rising profit-taking
Older News
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
18/08 Shares struggle on low liquidity
 
Newsletter Signup
Top Stories
Economic growth likely to hit 2.6-2.8%
Funds reports good performance in Q3
Vietnam enters third wave of business reforms: Minister
Billions of banking stocks to flood market under dividend plans
Reference exchange rate down 5 VND on September 15
Market Update
Last updated at 3:10:08 PM
VN-INDEX 961.26 +11.36/+1.20%
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.