Sunday, March 26, 2023 11:18:23 PM - Markets open
VN-INDEX 1,046.79 +1.69/+0.16%
HNX-INDEX 205.72 +2.40/+1.18%
UPCOM-INDEX 76.17 0.00/0.00%
Shares make large gains on banking, securities stocks
Vietnamnews - 1/18/2023 2:19:50 PM
 (0 ratings. You must sign in to rate.)
 Vietnamese equities closed sharply higher on Tuesday, bolstered by a dramatic injection of cash flow into banking and securities.
The market’s benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) ended the day at 1,088.29 points, an increase of 2.03 per cent.
The breadth of the market stayed in positive territory, with more stocks gaining points. Specifically, 352 stocks advanced on the southern bourse, while 69 stocks inched lower.
Investors poured nearly VNĐ11.7 trillion (US$499.3 million) into the southern exchange, equivalent to a trading volume of 673.9 million shares.
The VN30-Index, which tracks the 30 biggest stocks on HoSE, also increased by 2.6 per cent, to 1,103.73 points.
Twenty-nine stocks in the VN30 basket witnessed positive performance on the trading day, while only one tumbled.
Strong cash flow poured into blue-chips, spurring the market’s gains. Among the most notable gainers were Hoà Phát Group (HPG), the Việt Nam Rubber Group (GVR), SSI Securities Inc (SSI), Khang Điền House (KDH) and FPT Corporation (FPT), Vingroup (VIC), Vincom Retail (VRE), Masan Group (MSN), Vinhomes (VHM), Novaland (NVL), Vietjet (VJC), Vinamilk (VNM), Mobile World Group (MWG) and Bảo Việt Holdings (BVH).
Bank stock prices have witnessed a substantial increase such as Agribank Securities Corporation (AGR), Asia - Pacific Securities Joint Stock Company (APS), Viet Nam Bank For Industry & Trade Securities JSC (CTS), Military Bank (MBB), Petrovietnam Securities Incorporated (PSI), Sacombank Securities Joint Stock Company (SBS), VNDirect Securities Co (VND), FPT Securities Joint Stock Company (FTS) and Liên Việt Post Bank (LPB).
“In the last week of the Lunar Year, BSC maintains the view that VN-Index may not have too strong fluctuations and will continue to accumulate in the range of 1,050-1,065,” said BIDV Securities Co (BSC).
Foreign investors net bought VNĐ227.96 billion on HOSE, including FUESSVFL with VNĐ124.26 billion, Hoà Phát Group (HPG) with VNĐ30.29 billion, Bank for Investment and Development (BID) with VNĐ29.99 billion. Foreign investors were net sellers on HNX with the value of VNĐ1.5 billion.
On the Hà Nội Stock Exchange (HNX), the HNX-Index moved up. The northern market’s benchmark closed at 215.15 points, a decline of 2.02 per cent.
During the session, nearly 64.7 million shares were traded on HNX, worth VNĐ934 billion. — VNS
Read original article here
Newer News
24/03 Shares rise on foreign buying
22/03 Shares recover on increased demand
22/03 Vietnamese stock market's publicity and transparency improved
21/03 Silicon Valley Bank collapse not to impact VN: VinaCapital
16/03 Shares rebound after SBV's rate cut
14/03 Domestic investors open less than 100,000 new accounts in the first 2 months
11/03 Shares decline after four days of gains
09/03 Shares climb for third straight session
09/03 Labour productivity needs committee to accelerate change: former GSO director
08/03 Shares climb for second day, realty stocks cool down
Older News
16/01 Trading in tight range ahead of Tết holidays
11/01 Shares mixed on blue chips divergence
09/01 Positive news lifts the market's sentiment: expert
04/01 Market opens the new year on a positive note
27/12 Transparent corporate bond market a long-term capital channel
27/12 Shares open new week low with dry liquidity
21/12 PM asks financial sector to perfect legal framework, supervise bond market
21/12 Shares drop for second day despite strong foreign buys
12/12 Shares to move higher this week but cautious sentiment remains
12/12 Retail shares see great growth potential
Newsletter Signup
Top Stories
Steel price rises despite falling demand
Central bank makes first rate cut since 2020 to support economic growth
Domestic investors open less than 100,000 new accounts in the first 2 months
MSN: Masan secures up to $650m syndicated loan, redeems $126.3m bonds
Shares climb for third straight session
Market Update
Last updated at 3:05:00 PM
VN-INDEX 1,046.79 +1.69/+0.16%
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...
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.