Friday, November 8, 2024 10:48:36 PM - Markets closed
VN-INDEX 1,252.56 -7.19/-0.57%
HNX-INDEX 226.88 -0.61/-0.27%
UPCOM-INDEX 92.15 -0.17/-0.18%
VN-Index hits three-week high, breaking 1,100 points
Vietnam News - 11/9/2023 4:14:39 PM
 (0 ratings. You must sign in to rate.)
 Shares rebounded strongly on Wednesday with numerous steel, real estate and securities stocks hitting the ceiling prices.
 
The VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) increased more than 33 points, or 3.07 per cent, to 1,113.43 points. This was the index’s highest close since October 17.
 
On the southern bourse, 296 stocks ticked higher, of which, 55 tickers registered the biggest intraday gain of 7 per cent, and 42 stocks declined.
 
Liquidity surged from the previous session. Specifically, the trading value on HoSE climbed more than 47.6 per cent to nearly VNĐ18.6 trillion (US$763 million), equivalent to a trading volume of some 952.6 million shares.
 
According to analysts at Saigon - Hanoi Securities JSC (SHS), after a deep correction, the market needs to move to a new balance zone and accumulate in the mid-term, with a wide fluctuation range. As a result, it needs more time to form the new base.
 
“With a positive recovery state, we believe that the new balance area for accumulation is likely to be in the range of 1,100 - 1,150 points. In the worst case, it may accumulate over the level of 1,000 points,” SHS said.
 
The VN30-Index, which tracks the 30 biggest stocks on the southern exchange, settled at 1,129.95 points, an increase of 37.24 points, or 3.14 per cent.
 
Up to 29 stocks in the VN30 basket advanced and only one stayed flat.
 
Data compiled by financial website vietstock.vn showed that Hoà Phát Group (HPG) led the market’s recovery today, as shares of the leading steel producer jumped 4.46 per cent.
 
Other stocks in the industry also posted outstanding gains, with Hoa Sen Group (HSG) and Nam Kim Group (NKG) hitting the maximum rally of 7 per cent.
 
Also supporting the bullish sentiment, stocks in the real estate and securities performed well, such as SSI Securities Corporation (SSI), VNDirect Securities Corporation (VND), SHS, VIX Securities JSC (VIX), Hồ Chí Minh Securities Corporation (HCM), MS Securities Company (MSB), Novaland (NVL), Đất Xanh Group (DXG), Development Investment Construction JSC (DIG) and Phát Đạt Real Estate Development JSC (PDR) all hitting the ceiling prices.
 
On the Hà Nội Stock Exchange (HNX), the HNX-Index also rose 8.74 points, or 4 per cent, to 227.03 points.
 
During the trade, nearly 125 million shares were traded on HNX, worth nearly VNĐ2.3 trillion.
 
Meanwhile, foreign investors were net sellers on the market despite the sharp share gains. Of which, they net sold over VNĐ269.5 billion on HoSE, but net bought nearly VNĐ60 billion on the northern bourse, HNX. — VNS
 
Read original article here
Newer News
08:28 Market reverses course on weak liquidity
07/11 Index surpasses 1,260 points as market rallies
06/11 Number of domestic individual securities accounts hits 8.96 million
06/11 Market breaks losing streak as liquidity plunges
05/11 Vietnam's stock market moves closer to emerging market status amid key policy changes
04/11 Vietnam stock market opens the week with a downturn as foreign investors continue net selling
04/11 Opportunities and challenges in a transitional phase
01/11 Eyeing the stock market post the US presidential election
30/10 Market continues moving upward as foreign investors record strong net sales
29/10 HOSE delists Sao Thai Dương (SJF) shares from 1 November
Older News
08/11 Shares reverse to fall on selling pressure
01/11 VN-Index loses nearly 11 per cent in October
31/10 Amid margin boom, securities companies report impressive Q3 profits
30/10 VN-Index to trade in range of 1,200-1,250 points at year end
30/10 Market's recovery momentum remains, but facing supply pressure
23/10 Market likely to continue fluctuating this week
19/10 Transparency crucial to upgrading the stock market
16/10 Seaport stocks anticipate bright outlook in Q4
16/10 Việt Nam eyes emerging stock market status by 2025
13/10 Shares gain slightly amid market volatility
 
Newsletter Signup
Top Stories
VCCI recommends mineral mining rights be granted through auction and bidding
Central bank works to raise interbank rates and ease forex market
Inflation a concern following salary increases
National Council for Sustainable Development established
Việt Nam, Cambodia look forward to $20 billion trade
Market Update
Last updated at 3:05:02 PM
VN-INDEX 1,252.56 -7.19/-0.57%
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.