Friday, March 29, 2024 5:09:53 PM - Markets open
VN-INDEX 1,284.09 -6.09/-0.47%
HNX-INDEX 242.58 -1.33/-0.55%
UPCOM-INDEX 91.57 +0.09/+0.10%
Shares rise for eight consecutive sessions, VN-Index hits new high
Vietnam News - 4/8/2021 11:52:25 AM
 (0 ratings. You must sign in to rate.)
Shares gained for the eighth consecutive trading session Wednesday thanks to increased buying force as market sentiment improved when the VN-Index hit a new high.
 
On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index climbed 0.20 per cent to 1,242.38 points with the market breadth turning positive.
 
The southern market index gained a total 6.9 per cent during the last eight sessions.
 
During the session, 155 stocks decreased while 267 stocks increased.
 
The market's liquidity stayed high with over 727.8 million shares traded, worth over VNĐ16.5 trillion.
 
The gain of the 30 large-cap trackers was the main driving force for the market's rally. The VN30-Index increased 0.19 per cent to 1,257.77 points. Of the VN30 basket, 17 stocks gained while seven slid.
 
Thanks to the continuous increase of the market and no deep corrections, investors boldly entered buying orders, pushing many stocks to rise sharply.
 
Vingroup (VIC) and Masan Group (MSN) were the two leading stocks in the top ten that have the most positive impact on the VN-Index's gain. They were followed by Novaland (NVL), insurer Bảo Việt Holdings (BVH), PVPower (POW), Military Bank (MBB), Vincom Retail (VRE), Hà Nội Export-Import Company (GEX).
 
Meanwhile, real estate company Vinhomes (VHM) and dairy firm Vinamilk (VNM) led the group of stocks that had negative impacts on the VN-Index.
 
“Despite the pressure of short-term profit-taking in the morning, VN-Index still surpassed 1,240 points in the afternoon session. Investment cash continued flowing into the market,” said BIDV Securities Co.
 
“Liquidity decreased slightly but remained at a stable level with positive market breadth, showing that cash flow is spreading to the market.
 
“Foreign investors turned to be net sellers again with the cash flow differentiating to mid-cap stocks, reflecting that the upturn momentum of the VN-Index may slow down and accumulate in the 1,230-1,250 range,” it said.
 
On the Hà Nội Stock Exchange (HNX), the HNX-Index rose 0.40 per cent to close Wednesday at 292.84 points.
 
It had risen 0.15 per cent to close Tuesday at 291.68 points.
 
In Wednesday’s trade, some 164 million shares were traded on the northern bourse, worth nearly VNĐ2.8 trillion. — 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
05/04 Stock market size on HOSE reaches nearly 71 percent of GDP
01/04 Thriving equity market helps boost business transparency
30/03 Stock market expected to maintain growth path in 2021
30/03 Goal of 6.5 percent growth rate – big challenge: GSO head
26/03 Shares rebound due to improved sentiment
23/03 Shares close higher but VN-Index fails to hit 1,200
18/03 Market reverses course, VN-Index rebounds
17/03 VN-Index down on continued congestion, HNX-Index extends gains
16/03 Shares to advance but VN-Index still faces corrective movements
13/03 VN-Index dips in bumpy trade with divergence among stocks
 
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 3:05:01 PM
VN-INDEX 1,284.09 -6.09/-0.47%
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.