Blue chips lift the market

Shares recovered on Monday morning on the HCM Stock Exchange after four consecutive losing sessions last week, boosted by large-cap stocks. The benchmark VN Index picked up 0.24 per cent to close Monday morning at 773.90 points after losing for four consecutive sessions. The benchmark VN Index picked up 0.24 per cent to close at 773.90 points. Twenty-one of the 30 largest shares by market value and liquidity advanced; six declined. Banks continued to give the market’s its momentum with six listed banks gaining value. BIDV (BID) was the biggest gainer with a rise of 1.2 per cent, while others went up by less than 1 per cent. Besides banks, the shares of securities, construction and steel companies also supported the market. Large-cap stocks in these sectors, such as Saigon Securities Inc (SSI), HCM Securities (HCM), BIDV Securities (BSI), Vietinbank Securities (CTS), Hòa Phát Group (HPG), Hoa Sen Group (HSG), Kinh Bac City Development (KBC) and HCM City Infrastructure Investment (CII), were among the gainers. On the negative side, large food and beverage companies such as Vinamilk (VNM), Sabeco (SAB) and Kido Group (KDC) slumped. On the Ha Noi Stock Exchange, the HNX Index was up 0.21 per cent at 101.07 points. Liquidity was low with only 127 million shares worth around VND1.9 trillion (US$84.8 million) being traded in the two markets in the morning. The afternoon session starts at 1pm. Source VNA ... [read more]

Deptuy Prime Minister Vuong Dinh Hue has stepped in to try and calm investors after more than VND45.8 trillion ($2 billion) was wiped off Vietnam’s stock market on Wednesday. Hue reassured investors that the stock market was healthy at the launch of the country's first derivatives market on Thursday. On Wednesday, Vietnam’s benchmark VN Index dropped 17.92 points, its biggest loss since early last year, right after it hit a nine-year high of 796.62 points on Tuesday. Hue blamed the crash on “untrue rumors”. Word started spreading on social media early on Wednesday morning that Tran Bac Ha, former chairman of the Bank for Investment and Development of Vietnam (BIDV), one of the biggest lenders in the country, had been arrested in connection to a $400 million graft case that saw Tram Be, another banking tycoon, arrested last week. But local media on the same morning quoted Ha, who retired last September, as saying: “Everything's normal.” A source from the Ministry of Public Security also told Phap Luat Ho Chi Minh City in the afternoon that no new arrests had been made. Market insiders said the downtrend was led by the rumor together with the bearish world market. Blue chips and financial stocks were the worst hit. Most banking stocks are still in the red. Photo by VnExpress Among 12 banking stocks, 11 of them closed down on Wednesday, with their combined value dropping more than VND15.7 trillion. BIDV alone lost VND7.5 billion. “I hope both investors and businesses will…... [read more]

Profit taking drives VN-Index downPhuong Thao HCMC – The local stock market saw profit taking pressure soaring on August 8 after a three-day winning streak, sending the VN-Index down 1.41 points, or 0.18%, at 791.57. There were 19 stocks in the VN30 basket falling while 10 others increased. Notably, sugar stock SBT plunged to the floor price for the second straight day, closing at VND33,850 a share on matching volume of 545,000 shares. Another sugar stock BHS, which is going to be merged into SBT, also dropped to the floor price of VND20,300 per share with over 4.9 million shares exchanged. According to vietstock.vn, the two enterprises have declined sharply in recent sessions because many securities firms have stopped giving them margin lending service as BHS’s delisting date is nearing. In the banking sector, BID rose a slight 0.4% and VCB gained 0.9% while CTG, MBB and STB closed in the red. Brewer SAB, the second biggest stock on the HCMC bourse for market capitalization, added 1.6% but with modest transaction volume. Meanwhile, dairy firm VNM led decliners for losing 1.1% on matching volume of 1.2 million shares. Other blue chips like insurer BVH, technology company FPT and fertilizer producer DPM also decreased. Among speculative and small stocks, financial group OGC hit the upper limit with 13.2 million shares changing hands. Securities stocks AGR, TVS and BSI also went up to the ceiling prices. The HNX-Index dipped 0.12% at 102.28 with turnover on the Hanoi market tumbling around 26% to…... [read more]

A trading session takes place at MB Securities Company (Photo: VNA) Hanoi (VNS/VNA) - Vietnamese shares extended gains on August 7 for a third session as positive investor confidence lifted sectors such as energy and banking-finance industries and several individual large-cap stocks. The benchmark VN Index on the HCM Stock Exchange rose 0.55 percent to close at 792.98 points, extending its gain for a third session from a two-day increase of 0.3 percent. The HNX Index on the Hanoi Stock Exchange added 0.46 percent to end at 102.40 points. It has risen total 1 percent in the previous two sessions. More than 311.2 million shares were traded on both local exchanges, worth 4.8 trillion VND (213.4 million USD). The trading figures on August 7 were up 2.7 percent in value and 16.4 percent in volume compared to August 4. Banking, insurance-finance, brokerage and energy sectors were the biggest gainers among 20 industries on the stock market. The four sectors posted growth rates of 0.29 percent, 0.86 percent, 1.1 percent and 0.86 percent, respectively. Among insurance-finance and brokerage companies, BIDV Insurance (BIC), BIDV Securities (BSI), MB Securities (MBS), FPT Securities (FTS) and Agribank Securities (AGR) were the firms that saw their share prices rise more than 2 percent each. Among the nine listed banks, Sai Gon-Hanoi Bank (SHB), Asia Commercial Bank (ACB), Military Bank (MBB) and Bank for Investment and Development of Vietnam (BID) were the four gainers. PetroVietnam Gas…... [read more]

A trading session takes place at MB Securities Company. - VNS Photo Truong Vi Vietnamese shares extended gains yesterday for a third session as positive investor confidence lifted sectors such as energy and banking-finance industries and several individual large-cap stocks. The benchmark VN Index on the HCM Stock Exchange rose 0.55 per cent to close at 792.98 points, extending its gain for a third session from a two-day increase of 0.3 per cent. The HNX Index on the Ha Noi Stock Exchange added 0.46 per cent to end at 102.40 points. It has risen total 1 per cent in the previous two sessions. More than 311.2 million shares were traded on both local exchanges, worth VND4.8 trillion (US$213.4 million). The trading figures yesterday were up 2.7 per cent in value and 16.4 per cent in volume compared to last Friday. Banking, insurance-finance, brokerage and energy sectors were the biggest gainers among 20 industries on the stock market. The four sectors posted growth rates of 0.29 per cent, 0.86 per cent, 1.1 per cent and 0.86 per cent, respectively, according to data on vietstock.vn. Among insurance-finance and brokerage companies, BIDV Insurance (BIC), BIDV Securities (BSI), MB Securities (MBS), FPT Securities (FTS) and Agribank Securities (AGR) were the firms that saw their share prices rise more than 2 per cent each. Among the nine listed banks, Sai Gon-Ha Noi Bank (SHB), Asia Commercial Bank (ACB), Military Bank (MBB) and Bank…... [read more]

Vietnamese shares extended gains yesterday for a third session as positive investor confidence lifted sectors such as energy and banking-finance industries and several individual large-cap stocks. A trading session takes place at MB Securities Company. - VNS Photo Truong Vi The benchmark VN Index on the HCM Stock Exchange rose 0.55 per cent to close at 792.98 points, extending its gain for a third session from a two-day increase of 0.3 per cent. The HNX Index on the Ha Noi Stock Exchange added 0.46 per cent to end at 102.40 points. It has risen total 1 per cent in the previous two sessions. More than 311.2 million shares were traded on both local exchanges, worth VND4.8 trillion (US$213.4 million). The trading figures yesterday were up 2.7 per cent in value and 16.4 per cent in volume compared to last Friday. Banking, insurance-finance, brokerage and energy sectors were the biggest gainers among 20 industries on the stock market. The four sectors posted growth rates of 0.29 per cent, 0.86 per cent, 1.1 per cent and 0.86 per cent, respectively, according to data on vietstock.vn. Among insurance-finance and brokerage companies, BIDV Insurance (BIC), BIDV Securities (BSI), MB Securities (MBS), FPT Securities (FTS) and Agribank Securities (AGR) were the firms that saw their share prices rise more than 2 per cent each. Among the nine listed banks, Sai Gon-Ha Noi Bank (SHB), Asia…... [read more]

On the Ho Chi Minh Stock Exchange, the VN-Index increased 0.42 percent to close at 786.61 points, topping the former nine-year high of 782.65 points of July 6. Energy stocks drove the market up with the two biggest listed oil companies, PV Gas (GAS) and PetroVietnam Drilling and Wells Service (PVD), advancing 2.6 percent and 6.8 percent, respectively. PVD was among the most active stocks on the southern bourse with more than 8 million shares being traded, despite its negative earnings in the second quarter. The company reported a loss of around 45 billion VND (16.7 million USD) in the second quarter, adding up to a total loss of 246 billion VND in the first half of this year. The firm attributed the poor result to a 34-40 percent decline in the lease of drilling platforms over the past three months. Global oil prices extended gains on July 31, ending the strongest month of the year, boosted by expectations of US sanctions against Venezuela’s oil sector and waning concerns over the supply in major oil markets. Brent crude edged up 0.3 percent to settle at 52.65 USD while  the US light crude oil rose nearly 1 percent to trade at 50.17 USD a barrel. Expansion of other blue chips such as brewery Sabeco (SAB) with a rise of 3.4 percent, Vietcombank (VCB) up 1.7 percent and Petrolimex (PLX) up 0.32 percent largely contributed to the market uptrend. These shares are among the top…... [read more]

Shares continued to climb on August 1 on the two stock exchanges, backed by strong gains of oil stocks after global oil prices recorded the strongest month of the year. Investors at ACB Securities Company in Hanoi On the Ho Chi Minh Stock Exchange, the VN-Index increased 0.42 percent to close at 786.61 points, topping the former nine-year high of 782.65 points of July 6. Energy stocks drove the market up with the two biggest listed oil companies, PV Gas (GAS) and PetroVietnam Drilling and Wells Service (PVD), advancing 2.6 percent and 6.8 percent, respectively. PVD was among the most active stocks on the southern bourse with more than 8 million shares being traded, despite its negative earnings in the second quarter. The company reported a loss of around 45 billion VND (16.7 million USD) in the second quarter, adding up to a total loss of 246 billion VND in the first half of this year. The firm attributed the poor result to a 34-40 percent decline in the lease of drilling platforms over the past three months. Global oil prices extended gains on July 31, ending the strongest month of the year, boosted by expectations of US sanctions against Venezuela’s oil sector and waning concerns over the supply in major oil markets. Brent crude edged up 0.3 percent to settle at 52.65 USD while  the US light crude oil rose nearly 1 percent to trade at 50.17 USD a barrel. Expansion of other blue chips such as brewery Sabeco…... [read more]

Investors at ACB Securities Company in Hanoi (Source: VNA) Hanoi (VNS/VNA) - Shares continued to climb on August 1 on the two stock exchanges, backed by strong gains of oil stocks after global oil prices recorded the strongest month of the year. On the Ho Chi Minh Stock Exchange, the VN-Index increased 0.42 percent to close at 786.61 points, topping the former nine-year high of 782.65 points of July 6. Energy stocks drove the market up with the two biggest listed oil companies, PV Gas (GAS) and PetroVietnam Drilling and Wells Service (PVD), advancing 2.6 percent and 6.8 percent, respectively. PVD was among the most active stocks on the southern bourse with more than 8 million shares being traded, despite its negative earnings in the second quarter. The company reported a loss of around 45 billion VND (16.7 million USD) in the second quarter, adding up to a total loss of 246 billion VND in the first half of this year. The firm attributed the poor result to a 34-40 percent decline in the lease of drilling platforms over the past three months. Global oil prices extended gains on July 31, ending the strongest month of the year, boosted by expectations of US sanctions against Venezuela’s oil sector and waning concerns over the supply in major oil markets. Brent crude edged up 0.3 percent to settle at 52.65 USD while  the US light crude oil rose nearly 1 percent to trade at…... [read more]

Investors at ACB Securities Company in Ha Noi. — VNS Photo Viet Thanh Shares continued to climb Tuesday on the two stock exchanges, backed by strong gains of oil stocks after global oil prices recorded the strongest month of the year. On the HCM Stock Exchange, the VN-Index increased 0.42 per cent to close at 786.61 points, topping the former nine-year high of 782.65 points of July 6. Energy stocks drove the market up with the two biggest listed oil companies, PV Gas (GAS) and PetroVietnam Drilling and Wells Service (PVD), advancing 2.6 per cent and 6.8 per cent, respectively. PVD was among the most active stocks on the southern bourse with more than 8 million shares being traded, despite its negative earnings in the second quarter. The company reported a loss of around VND45 billion (US$16.7 million) in the second quarter, adding up to a total loss of VND246 billion in the first half of this year. The firm attributed the poor result to a 34-40 per cent decline in the lease of drilling platforms over the past three months. Global oil prices extended gains on Monday, ending the strongest month of the year, boosted by expectations of US sanctions against Venezuela’s oil sector and waning concerns over the supply in major oil markets. Brent crude edged up 0.3 per cent to settle at $52.65 while the US light crude oil rose nearly 1 per cent to trade at…... [read more]




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