Large-cap stocks lift VN market again

The benchmark VN Index on the HCM Stock Exchange declined 0.03 per cent to close Tuesday morning at 759.48 points. — Photo tinnhanhchungkhoan.vn Vietnamese shares weakened towards the end of Tuesday morning's session on both local markets after opening on a positive note as trading liquidity slowed down on poor investor sentiment. The benchmark VN Index on the HCM Stock Exchange declined 0.03 per cent to close at 759.48 points. It dropped total 1.5 per cent in the previous three days. The HNX Index on the Ha Noi Stock Exchange narrowed its gain to 0.30 per cent, ending at 97.22 points. The northern market index fell total 1.9 per cent in the previous three sessions. More than 136.4 million shares were traded on both local exchanges, worth VND2.94 trillion (US$130.6 million). Market trading condition was balanced with 197 stocks advancing and 210 stocks declining. Among the stock market's 20 sectors, property developers, energy firms and food and beverage producers were among the decliners. Companies that saw their share prices move down included brewer Sabeco (SAB), dairy producer Vinamilk (VNM), property firm Vingroup (VIC) and gas station operator Petrolimex (PLX). On the opposite side, PetroVietnam Gas (GAS), Bank for Investment and Development of Viet Nam (BID) and Vietinbank (CTG) were among the gainers, boosting the local stock market. The afternoon session starts at 1pm. — VNS ... [read more]

Vietnamese shares weakened towards the end of Tuesday morning's session on both local markets after opening on a positive note as trading liquidity slowed down on poor investor sentiment. The benchmark VN Index on the HCM Stock Exchange declined 0.03 per cent to close Tuesday morning at 759.48 points. The benchmark VN Index on the HCM Stock Exchange declined 0.03 per cent to close at 759.48 points. It dropped total 1.5 per cent in the previous three days. The HNX Index on the Ha Noi Stock Exchange narrowed its gain to 0.30 per cent, ending at 97.22 points. The northern market index fell total 1.9 per cent in the previous three sessions. More than 136.4 million shares were traded on both local exchanges, worth VND2.94 trillion (US$130.6 million). Market trading condition was balanced with 197 stocks advancing and 210 stocks declining. Among the stock market's 20 sectors, property developers, energy firms and food and beverage producers were among the decliners. Companies that saw their share prices move down included brewer Sabeco (SAB), dairy producer Vinamilk (VNM), property firm Vingroup (VIC) and gas station operator Petrolimex (PLX). On the opposite side, PetroVietnam Gas (GAS), Bank for Investment and Development of Viet Nam (BID) and Vietinbank (CTG) were among the gainers, boosting the local stock market. The afternoon session starts at 1pm. Source VNA ... [read more]

Fertilizer stocks expected to lure investors this week Kim Ngan HCMC – Securities companies have forecast stocks in the fertilizer sector would attract investors this week thanks to supporting information for this sector. The Ministry of Industry and Trade has proposed the Prime Minister tell relevant ministries to consider applying zero-rate value added tax (VAT) on fertilizer products to support producers. The proposal was made at a review meeting of the ministry recently. “Leading businesses in the fertilizer sector will benefit from the ministry’s proposal,” Chau Thien Truc Quynh, head of brokerage at Viet Capital Securities Company (VCSC), told Dau tu Chung khoan newspaper. She noted that fertilizer firms usually pay high dividends for shareholders and their stocks dropped sharply last year so they will lure buyers in the coming time. Regarding trading last week, the winning momentum extended on both bourses as the VN-Index nudged up 0.77% against the previous week at 685.06 points and the HNX-Index added 1.52% at 83.34 points. Meanwhile, the average matched volume fell almost 5% to 89.6 million shares per session on the HCMC exchange, and dipped 2% to 24.1 million shares per session on the Hanoi market. According to vietstock.vn, selling pressure escalated in the first two sessions last week. A number of bank stocks, which had made nice gains in the previous week, plunged on profit taking. The positive sign was that stocks with good fundamentals still attracted buyers. Therefore, the VN-Index avoided a steep decline. The market recovered last Wednesday, backed…... [read more]

Stocks fall on profit taking Kim Ngan HCMC – The HCMC exchange saw bank stocks and a number of large caps falling on profit taking on January 12, sending the VN-Index down 0.03% at 686.96 points. According to Dau tu Chung khoan newspaper, the VN-Index neared 690 points in the morning trade but edged down later amid cautious investor sentiment. Heavyweights such as VNM, HSG, CII and VCB closed in the red, which was one of the main reasons behind the index’s drop. Dairy firm VNM, mobile phone distributor MWG and realty developer VIC stood at their reference prices at the close. Meanwhile, petroleum stocks GAS and PVD extended their winning momentum for a second session. Notably, financial BVH soared to an intraday high of VND62,500 a share with 424,200 shares traded. On the contrary, VBC, BID and CTG of the banking sector plunged on profit taking. Overall, the VN30-Index dipped 0.18% to 642.25 points with 13 gainers and 13 losers. HAGL Company (HAG), known for its strong property and rubber businesses, announced it had completed the issuance of 930 corporate bonds worth VND1 billion each for a credit institution on December 29, 2016. HAG does not reveal the coupon of its seven-year debt paper and the objective of the bond issue. However, this information – possibly coupled with the rubber price hitting four-year high - prompted investors to pick HAG shares, sending the stock rising 0.58% to VND5,210 a share after five consecutive sessions of declines. HAG also took…... [read more]

Hanoi (VNA) - Shares declined slightly on both local exchanges on January 12 as bank and steel stocks lost rising momentum and foreign investors recorded the highest net sell value since the beginning of 2017. The benchmark VN Index on the HCM Stock Exchange closed at 686.96 points, nearly flat compared to the previous day’s closing level of 687.16 points. The HNX Index on the Hanoi Stock Exchange inched down 0.2 percent to end at 83.29 points. The northern market index retreated after rising a total of 2.7 percent in four consecutive sessions. Market trading liquidity was modest. Nearly 136.9 million shares were exchanged by investors, worth 2.32 trillion VND (103.2 million USD). Bank stocks were on the defensive side yesterday as they were hit by profit-taking. According to BIDV Securities Corp (BSC), bank stocks were the key factor that prevented the VN Index from reaching the testing level of 690 points. Of the nine listed banks, Vietcombank (VCB) dropped 1.4 percent, Vietinbank (CTG) and Bank for Investment and Development of Vietnam (BID) shed 0.6 percent each, while Asia Commercial Bank (ACB), Saigon-Hanoi Bank (SHB) and Eximbank (EIB) ended flat. Steel producers, including Hoa Phat Group (HPG), Hoa Sen Group (HSG) and Tien Len Steel Joint Stock Company (TLH) also decreased following gains made in the previous two days. HPG slid 0.8 percent, HSG and TLH slipped 1.2 percent each. Those stocks gained a total 2 percent, 2.2 percent and 2.8 percent during the January 10 and 11 trading sessions.…... [read more]

Viet Nam News HÀ NỘI - Shares declined slightly on both local exchanges yesterday as bank and steel stocks lost rising momentum and foreign investors recorded the highest net sell value since the beginning of 2017. The benchmark VN Index on the HCM Stock Exchange closed at 686.96 points, nearly flat compared to Wednesday's closing level of 687.16 points. The HNX Index on the Hà Nội Stock Exchange inched down 0.2 per cent to end at 83.29 points. The northern market index retreated after rising a total of 2.7 per cent in four consecutive sessions. Market trading liquidity was modest. Nearly 136.9 million shares were exchanged by investors, worth VNĐ2.32 trillion (US$103.2 million). Bank stocks were on the defensive side yesterday as they were hit by profit-taking. According to BIDV Securities Corp (BSC), bank stocks were the key factor that prevented the VN Index from reaching the testing level of 690 points. Of the nine listed banks, Vietcombank (VCB) dropped 1.4 per cent, Vietinbank (CTG) and Bank for Investment and Development of Việt Nam (BID) shed 0.6 per cent each, while Asia Commercial Bank (ACB), Sài Gòn-Hà Nội Bank (SHB) and Eximbank (EIB) ended flat. Steel producers, including Hòa Phát Group (HPG), Hoa Sen Group (HSG) and Tiến Lên Steel Joint Stock Company (TLH) also decreased following gains made in the previous two days. HPG slid 0.8 per cent, HSG and TLH slipped 1.2 per cent each. Those stocks gained a total 2 per cent, 2.2 per cent and 2.8…... [read more]

Bearish sentiment sends stocks down Kim Ngan HCMC – Bearish investor sentiment on January 10 kept liquidity low and caused the VN-Index of the HCMC exchange to lose 1.5 points (0.22%) at 681.07 points after a rising streak of seven sessions. Bank stocks, which made nice gains in previous sessions, plunged on profit taking and this piled pressure on the market. The main index moved towards 683 points in afternoon trade but failed to maintain its upward trend due to bearish sentiment, according to Dau tu Chung khoan newspaper. Having closed down on Monday, consumer goods producer MSN leapt 1.76% to VND63,700 a share and became a major contributor to the market. Other large caps like VNM, MWG, FPT and DPM stayed in positive territory. HPG and HSG of the steel sector recovered after two consecutive losing sessions. The first added 1.62% to VND43,850 a share and the latter inched up 0.59% to VND51,000. Bank stocks performed poorly with VCB skidding 0.78% and EIB sliding 1.34%, which was behind the index’s fall. Tumbling global oil prices hit energy names on the home market as GAS eased 0.83% to VND60,000 per share and PVD shed 1.4% to VND21,200 a share. Overall, liquidity fell on the HCMC bourse as investors changed hands 87.8 million shares worth a combined VND1.9 trillion (US$86.5 million), down 25% from the session earlier. Matched volume also dropped to 78.9 million shares valued at VND1.6 trillion. Meanwhile, the winning streak on the Hanoi market extended for a third…... [read more]

VN-Index flat on cautious sentiment Kim Ngan HCMC – Cautious investor sentiment led the VN-Index of the HCMC exchange to close flat on December 28 with a 0.05% drop at 663.5 points after just one rising session. According to Dau tu Chung khoan newspaper, a selloff hit heavyweights SAB, MSN, VIC and VCB in morning trade and prompted the main index to edge down. In the afternoon session, the VN-Index plunged further amid weak investor sentiment but it avoided a sharp decline thanks to bottom fishing. VNM rose 0.8% but large caps like GAS, MSN, VIC and BVH performed poorly. Meanwhile, most of the steel stocks made gains such as HSG with a 2.6% increase and HPG with a 1% improvement. Brewery SAB inched up 0.5% to VND198,900 a share. Realty developer Novaland (NVL) on December 28 made its debut on the stock market and soared 20% to VND60,000 a share with 7.2 million shares traded, the third-biggest trading volume on the HCMC exchange after FLC with 9.4 million shares and HQC with 8.9 million shares. FLC deputy general director of finance Dam Ngoc Bich had said the enterprise would attain profit of VND1.2 trillion this year. The information helped FLC to jump to the ceiling price of VND5,260 a share. Other speculative stocks such as DLG, FIT and ITA also registered increases. In all, 130 stocks stayed in positive territory and 115 suffered losses on the HCMC market. Investors changed hands 118.8 million shares worth a combined VND2.3 trillion…... [read more]

Cautious investor sentiment sends stocks down Kim Ngan HCMC – Many stock traders kept a wary eye on the equity market on December 26, which was the reason behind the VN-Index’s fall of 0.29% at 662.45 points. Dau tu Chung khoan newspaper said that cautious sentiment also led liquidity to stay low on the HCMC exchange. Investors changed hands 114.8 million shares worth a combined VND2.8 trillion (nearly US$127.2 million). Of them, matching transactions accounted for 67.2 million shares worth VND1.4 trillion, down sharply compared to the previous sessions. The main index inched up in morning trade, buoyed by large caps VNM and SAB so many expected an increase at the close. However, weak cash flow coupled with sluggish demand prevented the VN-Index from extending its Friday gain. The main index eventually dipped nearly two points with 111 advancing and 143 losing steam. Brewery SAB contracted 1.5% and dairy firm VNM shrank 1.21%. Petroleum leader GAS erased its 1.6% rise in the morning session and ended down 1.45%, while consumer goods producer MSN plunged to an intraday low. Bank stocks closed mixed as VCB edged up, BID stayed at the reference price and CTG went down. HPG and HSG were the best performers in the steel sector since the first leapt 1.98% and the latter climbed 0.97%. HPG also ranked second by volume on the HCMC bourse with 3.8 million shares changing hands after HQC with 7.4 million shares. On the Hanoi exchange, the HNX-Index nudged up 0.21% at 79.25…... [read more]

Shares were mixed on the two local exchanges yesterday while investor confidence remained low ahead of the year-end holiday. Photo shows investors at the FPT Securities Company’s trading platform in Ha Noi. - VNS Photo Thai Ha The benchmark VN Index on the HCM Stock Exchange was down 0.3 per cent to close at 662.45 points. Large-cap stocks continued to pull the market down with 14 of the 30 largest companies by capitalisation suffering losses. Those decliners included dairy producer Vinamilk (VNM), PetroVietnam Gas Corp (GAS), property and retail corporation Vingroup (VIC) and Vietinbank (CTG). VNM fell 1.2 per cent, GAS dropped 1.5 per cent, VIC inched down 0.2 per cent and CTG edged down 0.3 per cent. Nearly 115 million shares were traded yesterday, worth VND2.88 trillion (US$128.3 million), up 1.8 per cent in volume and 24.8 per cent in value compared to last week’s daily average numbers. Such an improvement was attributed to the increase of put-through trading orders. More than 47.6 million shares were exchanged via this method, worth VND1.48 trillion. Foreign investors recorded a net sell value of VND320 billion, putting more pressure on local stocks and domestic investors’ sentiment. On the opposite side, steelmakers became attractive to investors on expectations for tightened policies on imported steel products in order to protect the local industry. That information boosted demand for steel companies’ shares yesterday, including Hoa Phat Group (HPG), Hoa Sen Group (HSG) and Viet Nam-Germany Steel Pipe JSC (VGS). Those stocks advanced 2 per cent,…... [read more]




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