Wednesday, September 27, 2023 2:23:53 AM - Markets open
VN-INDEX 1,137.96 -15.24/-1.32%
HNX-INDEX 229.75 -1.75/-0.76%
UPCOM-INDEX 88.43 -0.27/-0.30%
Shares end the week on positive note
Vietnam News - 6/3/2023 2:30:11 PM
 (0 ratings. You must sign in to rate.)
 Vietnamese markets ended the week on a positive note, thanks to the injection of cash flow during the trading session, supporting indices.
The benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) rose 1.15 per cent, to close the day at 1,090.84 points.
The breadth of the market was in positive territory, with 245 stocks up while 150 traded lower.
During the session, investors poured over VNĐ18.3 trillion (US$779.3 million) into the southern market, equivalent to a trading volume of more than 1 billion shares.
The 30 biggest stocks tracker VN30-Index also closed higher at 1,086.96 points, up 1.77 per cent. Twenty-three ticker symbols of the VN30 basket climbed, while four went down and three ended flat.
The VN-30 group performed positively and bolstered the market. In the basket, the biggest gainers were banking stocks, with gainers being Military Bank (MBB), Techcombank (TCB), Saigon-Hanoi Commercial JS Bank (SHB), Tiên Phong Bank (TPB), Vietcombank (VCB), VietinBank (CTG) and BIDV (BID).
Notably, Việt Nam International Commercial JS Bank (VIB) hit the daily limit gain of 7 per cent.
Oil and gas group also recovered thanks to the buying force, such as PetroVietnam Gas JSC (GAS), PetroVietnam Technical Services Corporation (PVS), The PetroVietnam Drilling & Well Service Corporation (PVD) and Bình Sơn Refinery and Petrochemical Joint Stock Company (BSR).
“Before the supply pressure at the resistance area of 1,080 points of VN-Index, the market still faced difficulties and retreated during the session. However, the cash flow continued to support when the market retreated to near 1,070 points and tried to absorb supply,” said Việt Dragon Securities Co.
“As a result, the market movement showed signs of slight improvement at the end of the session. Although it has not yet overcome the resistance area of 1,080 points, with the supporting momentum maintained for three consecutive sessions, the market is expected to overcome this resistance area and aim to test the supply at a higher price area in the near future.
“The nearest resistance zone is 1,090 – 1,100 points. Therefore, investors can expect a short-term uptrend of the market. Temporarily, it is possible to hold or exploit short-term opportunities in stocks with good technical signals and attracting cash flow. However, it is necessary to consider taking profits at stocks that have increased rapidly to the resistance zone or are under selling pressure from the resistance zone to realise the results,” it said.
On the Hà Nội Stock Exchange (HNX), the HNX-Index closed the trading day at 226.03 points, up 0.92 per cent. — VNS
Read original article here
Newer News
20/09 Market rebounds, ending two-day losing streak
18/09 Share to witness slower gaining momentum this week
15/09 SSC to prohibit the use of automated order placement
13/09 Shares gain ground on the back of large-caps
09/09 Market ends mixed on the return of foreign investors
09/09 ETFs report strongest monthly net withdrawal value in August
31/08 Stock market to regain growth momentum in H2
30/08 Huge investment opportunities on UpCOM
30/08 Shares extend gains on the back of pillar stocks
30/08 More room for IT stocks to grow further
Older News
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
20/04 Selling pressure shapes reversal in trends
19/04 Shares manage to stay positive thanks to securities stocks
Newsletter Signup
Top Stories
SSC to prohibit the use of automated order placement
Shares gain ground on the back of large-caps
Market expected to perform positively on Biden's visit
Stock market to regain growth momentum in H2
CPI increases 0.88 per cent in August
Market Update
Last updated at 3:05:04 PM
VN-INDEX 1,137.96 -15.24/-1.32%
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.