Tuesday, June 6, 2023 2:53:40 AM - Markets open
VN-INDEX 1,097.82 +6.98/+0.64%
HNX-INDEX 226.56 +0.53/+0.23%
UPCOM-INDEX 84.11 +0.15/+0.18%
Shares recover on increased demand
Vietnam News - 3/22/2023 3:02:44 PM
 (0 ratings. You must sign in to rate.)
Shares bounced back strongly in the afternoon session, driven by increasing demand at the support price levels.
On the Hồ Chí Minh Stock Exchange, the VN-Index rose 0.91 per cent to close Tuesday at 1,032.43 points. The index had lost 2.11 per cent on Monday.
Market breadth was positive with 279 rising stocks and 109 losing ones.
Nearly 474.9 million shares worth VNĐ8.3 trillion (US$352 million) were traded on HCM City’s bourse.
The VN-30 Index, tracking the 30 biggest stocks on HoSE, gained 1.03 per cent to close at 1,035.04 points.
In the VN-30 basket, 19 stocks gained while seven lost ground. The biggest gainers included the Vietnam Rubber Group (GVR), Hoà Phát Group (HPG), SSI Securities Inc (SSI), PetroVietnam Gas JSC (GAS), PV Power (POW), Mobile World Group (MWG) and Vinhomes (VHM).
As many as 21 out of 25 industries tracked by vietstock.vn gaining value, of which securities companies were the biggest gainers with an average growth of 2.6 per cent.
Other sectors such as insurance, banking, oil, retail and construction material, and plastics manufacturing also gained substantially.
Bank stocks drove the market rise as the top 10 shares lifting the VN-Index most were credit institutions. They included Vietnam Prosperity Bank (VPB), BIDV (BID), Asia Commercial Joint Stock Bank (ACB), Vietcombank (VCB), Techcombank (TCB) and Vietinbank (CTG).
Energy stocks also performed positively with gainers such as PetroVietnam Technical Services Corporation (PVS), PetroVietnam Drilling and Well Services Corporation (PVD), and Drilling Mud Joint Stock Corporation (PVC).
“Investors are treading lightly, intensifying the selling pressure before Fed's monetary policy meeting,” said Bảo Việt Securities Co.
“There is a high possibility that the index may retreat to 988-1,002 points in the short term. Investors holding short-term positions should close if prices violate trailing-stoploss thresholds,” it said.
Regarding the transactions of foreign investors, they continued to be net buyers on both HSX and HNX. In the coming sessions, the market may struggle around 1,020-1,040, said BIDV Securities Co.
Foreign investors net bought VNĐ113.93 billion on HOSE, including Vinhomes (VHM) with VNĐ54.23 billion, Hoà Phát Group (HPG) with VNĐ36.5 billion, Việt Capital Inc (VCI) with VNĐ32.83 billion. Foreign investors were net buyers on HNX with a value of VNĐ7.2 billion.
On the Hà Nội Stock Exchange, the HNX-Index rose 0.74 per cent to end at 203.11 points. — VNS
Read original article here
Newer News
03/06 FDI enterprises see contradictory performance on stock market
03/06 Shares end the week on positive note
03/06 Stock, real estate markets to become more attractive thanks to low interest rates
30/05 Investors bet on positive market outlook, indices rise
19/05 Shares rebound on bargain-hunting
16/05 Securities companies must comply with regulations on deposit management: SSC
09/05 Many banks planning move to HoSE
07/05 Shares fall slightly on low liquidity
04/05 Economic growth to rebound in H2, now ideal time to selectively buy stocks: VinaCapital
04/05 Companies slow down their listing plans amid market turbulence
Older News
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
06/03 Macro uncertainties weigh on market this week: experts
03/03 Market reverses on profit-taking pressure
Newsletter Signup
Top Stories
Stock, real estate markets to become more attractive thanks to low interest rates
CPI rose slightly by 0.01 per cent in May
Bad debts running rampant in construction sector
Bank deposit interest rates keep falling
Airlines look to capitalise on thriving demand
Market Update
Last updated at 3:05:03 PM
VN-INDEX 1,097.82 +6.98/+0.64%
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.