Brokerages, finance-banking firms lift stock market

Vietnamese shares rose on both local markets on Monday morning, boosted by the insurance-finance-banking sector. Shares of brokerage firms lifted the two local markets on Monday morning. The benchmark VN Index on the HCM Stock Exchange added 0.45 per cent to close at 792.20 points. It gained total 1.5 per cent in the past week. The HNX Index on the Ha Noi Stock Exchange advanced 0.83 per cent to end at 102.79 points. The northern market index increased by a total of 1.4 per cent last week. Nearly 192 million shares were traded across the two local exchanges, worth VND2.92 trillion (US$130 million). Shares of brokerage firms lifted the stock market on Monday morning. In the first seven months of 2017, average trading volume and value on Viet Nam’s stock market increased by 54 per cent from the previous years. This has been a supportive factor to boost share prices of listed securities companies on both local bourses as their earnings in the past quarter have shown improvements. Among the largest gainers in the securities sector were BIDV Securities (BSI), Agribank Securities (AGR), MB Securities (MBS) and Sai Gon-Ha Noi Securities (SHS). Some individual stocks also posted good gains thanks to their business information. Mobile World Corporation (MWG) was up two per cent after the company announced late last week it would spend VND2.5 trillion on M&A deals. The afternoon…... [read more]

The benchmark VN-Index failed to conquer the short-term resistance point of 790 for a second day on August 4 (Photo: VNA) Hanoi (VNA) – The benchmark VN-Index failed to conquer the short-term resistance point of 790 for a second day on August 4, dragged down by bank stocks, while growth of many large-cap stocks supported the market. The key index on the HCM Stock Exchange inched up just 0.02 percent to close at 788.68 points. It has risen 1.5 percent for the week. On the Hanoi Stock Exchange, the HNX-Index increased 0.49 percent to end at 101.94 points. The northern market index expanded 1.4 percent this week. Shares of securities and energy firms pushed the market up. Most brokerage companies gained value, of which Saigon-Hanoi Securities Co (SHS) and Vietinbank Securities Co (CTS) were the biggest gainers with growth of 7.8 percent and 5.1 percent, respectively. The biggest listed securities firm Saigon Securities Inc (SSI) picked up over 1.7 percent. Positive performers also included big businesses in the oil and gas sector, including PetroVietnam Drilling Wells Service (PVD), PetroVietnam Technical Service (PVS) and PetroVietnam Drilling Mud (PVC) climbing between 5.6 percent and 3 percent each. However, bank stocks which were the driving force of the previous rally were on the defensive and restrained the market’s uptrend. Only Sacombank (STB) recovered from a three-day slump after the bank’s two ex-bankers were arrested, up 3.3 percent to settle at 12,700 VND (56…... [read more]

An investor traces market swings. Vietnamese shares rose slightly on Friday. — VNS Photo Doan Tung The benchmark VN-Index failed to conquer the short-term resistance point of 790 for a second day on Friday, dragged down by bank stocks, while growth of many large-cap stocks supported the market. The key index on the HCM Stock Exchange inched up just 0.02 per cent to close at 788.68 points. It has risen 1.5 per cent for the week. On the Ha Noi Stock Exchange, the HNX-Index increased 0.49 per cent to end at 101.94 points. The northern market index expanded 1.4 per cent this week. Shares of securities and energy firms pushed the market up. Most brokerage companies gained value, of which Sai Gon-Ha Noi Securities Co (SHS) and Vietinbank Securities Co (CTS) were the biggest gainers with growth of 7.8 per cent and 5.1 per cent, respectively. The biggest listed securities firm Saigon Securities Inc (SSI) picked up over 1.7 per cent. Positive performers also included big businesses in the oil and gas sector, including PetroVietnam Drilling Wells Service (PVD), PetroVietnam Technical Service (PVS) and PetroVietnam Drilling Mud (PVC) climbing between 5.6 per cent and 3 per cent each. However, bank stocks which were the driving force of the previous rally were on the defensive and restrained the market’s uptrend. Only Sacombank (STB) recovered from a three-day slump after the bank’s two ex-bankers were arrested, up 3.3 per cent to…... [read more]

Penny stocks hit ceiling pricesPhuong Thao HCMC – Up to 38 penny stocks on both exchanges shot up to their ceiling prices on August 3, led by strong cash flow, and the stock indexes rose after one session of correction. On the HCMC market, many small and speculative stocks such as property firm HAR, agricultural chemical producer HAI and financial investment group OGC did well. The prices of most stocks in the mining sector such as KSA, LCM and DHM also hit their upper limits. The VN-Index added a slight 0.29% at 788.49. Trading volume on the southern exchange dropped 4.6% to nearly 209 million shares but value rose 3.5% from the previous day to over VND4.2 trillion. The put-through market saw 13.5 million shares worth VND539.4 billion traded, including 2.5 million shares worth VND107.5 billion of consumer goods producer MSN, 1.9 million shares worth VND103.4 billion of technology firm FPT and 1.5 million shares valued at VND93.6 billion of securities company VCI. In the banking sector, BID gained 2% and VCB increased 0.5% while CTG and MBB closed at their reference prices, and STB lost nearly 2%. Among large caps, dairy firm VNM contributed most to the main index as it added 1% to VND154,000 a share with matching volume of over 700,000 shares. The Hanoi market made better gains as some pillar stocks advanced, lifting the HNX-Index up 0.46% at 101.44. Turnover improved strongly with trading volume and value jumping 1.6% and 12% to 76.4 million shares worth…... [read more]

While stocks are set to rise this week, concerns remain as listed companies are about to finish releasing their second-quarter earnings reports, putting the market in a period where there is not much information forthcoming, analysts say. Investors at MBS Securities in Hanoi The benchmark VN Index on the HCM Stock Exchange gained 0.72 percent to close at 777.09 points, rebounding from July 27’s loss of 0.3 percent. The HNX Index on the Hanoi Stock Exchange rose 0.93 percent to end at 100.55 points. The northern market index has rallied 3.7 percent in the last four sessions. The two local indices also posted weekly gains after July 28. The VN Index rose 2 percent for the week and the HNX Index increased by 2.6 percent. Both local bourses underwent a week of strong movement as large-cap stocks, especially bank stocks, surged strongly, supporting the market’s uptrend. Among the nine listed banks, the biggest gainers were Bank for Investment and Development of Vietnam (BID), MB Bank (MBB) and Sacombank (STB). These three bank stocks made weekly gains of 9.1 percent, 15.7 percent and 9.4 percent, respectively. Other listed bank stocks such as Vietcombank (VCB), Vietinbank (CTG), Asia Commercial Bank (ACB) and Eximbank (EIB) rose at lower rates. The positive gains in bank stocks helped improve investor confidence in other leading sectors like securities and insurance companies and leading firms like property developer Vingroup (VIC) and dairy producer Vinamilk (VNM). According to analysts at Bao Viet Securities (BVSC), weekly gains of both…... [read more]

Investors at MBS Securities in Hanoi (Photo: VNA) Hanoi (VNS/VNA) – While stocks are set to rise this week, concerns remain as listed companies are about to finish releasing their second-quarter earnings reports, putting the market in a period where there is not much information forthcoming, analysts say. The benchmark VN Index on the HCM Stock Exchange gained 0.72 percent to close at 777.09 points, rebounding from July 27’s loss of 0.3 percent. The HNX Index on the Hanoi Stock Exchange rose 0.93 percent to end at 100.55 points. The northern market index has rallied 3.7 percent in the last four sessions. The two local indices also posted weekly gains after July 28. The VN Index rose 2 percent for the week and the HNX Index increased by 2.6 percent. Both local bourses underwent a week of strong movement as large-cap stocks, especially bank stocks, surged strongly, supporting the market’s uptrend. Among the nine listed banks, the biggest gainers were Bank for Investment and Development of Vietnam (BID), MB Bank (MBB) and Sacombank (STB). These three bank stocks made weekly gains of 9.1 percent, 15.7 percent and 9.4 percent, respectively. Other listed bank stocks such as Vietcombank (VCB), Vietinbank (CTG), Asia Commercial Bank (ACB) and Eximbank (EIB) rose at lower rates. The positive gains in bank stocks helped improve investor confidence in other leading sectors like securities and insurance companies and leading firms like property developer Vingroup (VIC) and…... [read more]

Investors at MBS Securities in Ha Noi. - VNS Photo Truong Vi While stocks are set to rise this week, concerns remain as listed companies are about to finish releasing their second-quarter earnings reports, putting the market in a period where there is not much information forthcoming, analysts say. The benchmark VN Index on the HCM Stock Exchange gained 0.72 per cent to close at 777.09 points, rebounding from Thursday’s loss of 0.3 per cent. The HNX Index on the Ha Noi Stock Exchange rose 0.93 per cent to end at 100.55 points. The northern market index has rallied 3.7 per cent in the last four sessions. The two local indices also posted weekly gains after Friday. The VN Index rose 2 per cent for the week and the HNX Index increased by 2.6 per cent. Both local bourses underwent a week of strong movement as large-cap stocks, especially bank stocks, surged strongly, supporting the market’s uptrend. Among the nine listed banks, the biggest gainers were Bank for Investment and Development of Viet Nam (BID), MB Bank (MBB) and Sacombank (STB). These three bank stocks made weekly gains of 9.1 per cent, 15.7 per cent and 9.4 per cent, respectively. Other listed bank stocks such as Vietcombank (VCB), Vietinbank (CTG), Asia Commercial Bank (ACB) and Eximbank (EIB) rose at lower rates. The positive gains in bank stocks helped improve investor confidence in other leading sectors like securities and…... [read more]

While stocks are set to rise this week, concerns remain as listed companies are about to finish releasing their second-quarter earnings reports, putting the market in a period where there is not much information forthcoming, analysts say. Investors at MBS Securities in Hà Nội. - VNS Photo Trương Vị The benchmark VN Index on the HCM Stock Exchange gained 0.72 per cent to close at 777.09 points, rebounding from Thursday’s loss of 0.3 per cent. The HNX Index on the Hà Nội Stock Exchange rose 0.93 per cent to end at 100.55 points. The northern market index has rallied 3.7 per cent in the last four sessions. The two local indices also posted weekly gains after Friday. The VN Index rose 2 per cent for the week and the HNX Index increased by 2.6 per cent. Both local bourses underwent a week of strong movement as large-cap stocks, especially bank stocks, surged strongly, supporting the market’s uptrend. Among the nine listed banks, the biggest gainers were Bank for Investment and Development of Việt Nam (BID), MB Bank (MBB) and Sacombank (STB). These three bank stocks made weekly gains of 9.1 per cent, 15.7 per cent and 9.4 per cent, respectively. Other listed bank stocks such as Vietcombank (VCB), Vietinbank (CTG), Asia Commercial Bank (ACB) and Eximbank (EIB) rose at lower rates. The positive gains in bank stocks helped improve investor…... [read more]

Vietnamese shares rose on both local exchanges on Friday, led by the finance-banking sector after Asia Commercial Bank released its second-quarter earnings report. (Source: VNA) Hanoi (VNA) - Vietnamese shares rose on both local exchanges on July 28, led by the finance-banking sector after Asia Commercial Bank released its second-quarter earnings report. The benchmark VN Index on the HCM Stock Exchange gained 0.72 percent to close at 777.09 points, rebounding from the previous day’s loss of 0.3 percent. The HNX Index on the Hanoi Stock Exchange rose 0.93 percent to end at 100.55 points. The northern market index has rallied 3.7 percent in the last four sessions. The VN Index rose 2 percent for the week and the HNX Index increased by 2.6 percent. The two local indices also posted weekly gains after July 28. The VN Index rose 2 percent for the week and the HNX Index increased by 2.6 percent. More than 278.7 million shares were traded on both local bourses, worth 4.75 trillion VND (211.4 million USD). The July 28 trading figures were 38 percent and 33 percent higher in volume and value, respectively, compared to July 27’s. The stock market was boosted after Asia Commercial Bank (ACB) released its second-quarter earnings report.  The HNX-listed bank reported its post-tax profits in the second quarter rose 42 percent year-on-year to 501 billion VND, making its post-tax profit for the first six months of this year of 1.26 trillion…... [read more]

Vietnamese shares rose on both local exchanges on Friday, led by the finance-banking sector after Asia Commercial Bank released its second-quarter earnings report.— Photo bizlive.vn Vietnamese shares rose on both local exchanges on Friday, led by the finance-banking sector after Asia Commercial Bank released its second-quarter earnings report. The benchmark VN Index on the HCM Stock Exchange gained 0.72 per cent to close at 777.09 points, rebounding from Thursday’s loss of 0.3 per cent. The HNX Index on the Ha Noi Stock Exchange rose 0.93 per cent to end at 100.55 points. The northern market index has rallied 3.7 per cent in the last four sessions. The two local indices also posted weekly gains after Friday. The VN Index rose 2 per cent for the week and the HNX Index increased by 2.6 per cent. More than 278.7 million shares were traded on both local bourses, worth VND4.75 trillion (US$211.4 million). Friday’s trading figures were 38 per cent and 33 per cent higher in volume and value, respectively, compared to Thursday. The stock market was boosted after Asia Commercial Bank (ACB) released its second-quarter earnings report. The HNX-listed bank reported its post-tax profits in the second quarter rose 42 per cent year-on-year to VND501 billion, making its post-tax profit for the first six months of 2017 VND1.26 trillion. ACB shares advanced 1.6 per cent, lifting other bank shares such as MBBank (MBB), Eximbank (EIB) and Bank for Investment and…... [read more]




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