VN-Index surpasses 790 points

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]

Energy stocks push the VN Index to nine-year high. — Photo money.cnn.com The benchmark VN Index rose to a nine-year high on Tuesday morning backed by the growth of energy stocks, even as banks tumbled on rising profit-taking pressure. The key index on the HCM Stock Exchange went up 0.36 per cent to 786.34 points. The two biggest listed oil companies, PV Gas (GAS) and PetroVietnam Drilling and Wells Service (PVD), advanced 1.3 per cent and 6.8 per cent, respectively. PVD topped the list of the most active stocks this morning with 7.3 million shares being traded, despite its negative earnings in the second quarter. The company has 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. On the defensive side, four of the six listed banks slipped this morning under selling fire. Both BIDV (BID) and Military Bank (MBB), which posted good earnings, dropped by 0.5 per cent and 0.8 per cent, respectively. On the Ha Noi Stock Exchange, the HNX Index edged up 0.27 per cent to 101.45 points. A total of 180 million shares worth VND2.7 trillion ($119.5 million) were traded in the two markets. The afternoon trade starts at 1pm. – VNS ... [read more]

On the HCM Stock Exchange, the VN-Index surpassed the latest nine-year peak recorded on July 6, hitting 783.48 points, a rally of 0.82 percent over July 28’s close. The benchmark index expanded 2 percent last week. On the Hanoi Stock Exchange, the HNX-Index increased 0.63 percent to end at 101.18. The northern market index gained 2.6 percent in the previous week. “The risk of a short-term sharp decline was significantly diminished. Large-cap stocks, especially bank stocks, are supporting the indices’ uptrend,” said Tran Hai Yen, a stock analyst at Bao Viet Securities Co (BVSC). Banks were the biggest gainers yesterday, with an average growth of 2.33 percent, data on vietstock.vn showed. Seven of nine listed banks gained value, with two of the three largest banks by market value, BIDV (BID) and Vietinbank (CTG), increasing 5.7 percent and 4.6 percent, respectively. The largest lender, Vietcombank (VCB), edged up 0.7 percent. According to BVSC’s report, Vietcombank is the most profitable bank with pre-provision operating profit of 5.05 trillion VND (224.7 million USD) by the end of June, up 20.5 percent year-on-year and fulfilling 54 percent of its yearly target. BIDV also recorded positive earnings with pre-tax profit for the first six months reaching 4.05 trillion VND, a year-on-year increase of 24.7 percent and completing 54 percent of the goal it set for the year. Military Bank (MBB) posted over 2.5 trillion VND worth of pre-tax profit in the first half of this year, rising 36…... [read more]

Shares rose stronger in July 31 afternoon trading as bank stocks accelerated their growth on the back of positive first-half business earnings. (Photo: bizlive.vn) Hanoi (VNA) - Shares rose stronger in July 31 afternoon trading as bank stocks accelerated their growth on the back of positive first-half business earnings. On the HCM Stock Exchange, the VN-Index surpassed the latest nine-year peak recorded on July 6, hitting 783.48 points, a rally of 0.82 percent over July 28’s close. The benchmark index expanded 2 percent last week. On the Hanoi Stock Exchange, the HNX-Index increased 0.63 percent to end at 101.18. The northern market index gained 2.6 percent in the previous week. “The risk of a short-term sharp decline was significantly diminished. Large-cap stocks, especially bank stocks, are supporting the indices’ uptrend,” said Tran Hai Yen, a stock analyst at Bao Viet Securities Co (BVSC). Banks were the biggest gainers yesterday, with an average growth of 2.33 percent, data on vietstock.vn showed. Seven of nine listed banks gained value, with two of the three largest banks by market value, BIDV (BID) and Vietinbank (CTG), increasing 5.7 percent and 4.6 percent, respectively. The largest lender, Vietcombank (VCB), edged up 0.7 percent. According to BVSC’s report, Vietcombank is the most profitable bank with pre-provision operating profit of 5.05 trillion VND (224.7 million USD) by the end of June, up 20.5 percent year-on-year and fulfilling 54 percent of its yearly target. BIDV also recorded positive earnings with…... [read more]

Traders at the Saigon Securities Inc office in Ha Noi. — VNS Photo Doan Tung Shares rose stronger in Monday afternoon trading as bank stocks accelerated their growth on the back of positive first-half business earnings. On the HCM Stock Exchange, the VN-Index surpassed the latest nine-year peak recorded on July 6, hitting 783.48 points, a rally of 0.82 per cent over Friday’s close. The benchmark index expanded 2 per cent last week. On the Ha Noi Stock Exchange, the HNX-Index increased 0.63 per cent to end at 101.18. The northern market index gained 2.6 per cent in the previous week. “The risk of a short-term sharp decline was significantly diminished. Large-cap stocks, especially bank stocks, are supporting the indices’ uptrend,” said Tran Hai Yen, a stock analyst at Bao Viet Securities Co (BVSC). Banks were the biggest gainers yesterday, with an average growth of 2.33 per cent, data on vietstock.vn showed. Seven of nine listed banks gained value, with two of the three largest banks by market value, BIDV (BID) and Vietinbank (CTG), increasing 5.7 per cent and 4.6 per cent, respectively. The largest lender, Vietcombank (VCB), edged up 0.7 per cent. According to BVSC’s report, Vietcombank is the most profitable bank with pre-provision operating profit of VND5.05 trillion (US$224.7 million) by the end of June, up 20.5 per cent year-on-year and fulfilling 54 per cent of its yearly target. BIDV also recorded positive earnings with pre-tax…... [read more]

Shares rose stronger in Monday afternoon trading as bank stocks accelerated their growth on the back of positive first-half business earnings. Traders at the Saigon Securities Inc office in Ha Noi. - VNS Photo Doan Tung On the HCM Stock Exchange, the VN-Index surpassed the latest nine-year peak recorded on July 6, hitting 783.48 points, a rally of 0.82 per cent over Friday’s close. The benchmark index expanded 2 per cent last week. On the Ha Noi Stock Exchange, the HNX-Index increased 0.63 per cent to end at 101.18. The northern market index gained 2.6 per cent in the previous week. “The risk of a short-term sharp decline was significantly diminished. Large-cap stocks, especially bank stocks, are supporting the indices’ uptrend,” said Tran Hai Yen, a stock analyst at Bao Viet Securities Co (BVSC). Banks were the biggest gainers yesterday, with an average growth of 2.33 per cent, data on vietstock.vn showed. Seven of nine listed banks gained value, with two of the three largest banks by market value, BIDV (BID) and Vietinbank (CTG), increasing 5.7 per cent and 4.6 per cent, respectively. The largest lender, Vietcombank (VCB), edged up 0.7 per cent. According to BVSC’s report, Vietcombank is the most profitable bank with pre-provision operating profit of VND5.05 trillion (US$224.7 million) by the end of June, up 20.5 per cent year-on-year and fulfilling 54 per cent of its yearly…... [read more]

Ten commercial banks will have to sprint to be able to meet the Government’s listing deadline on the Unlisted Public Company Market (UPCoM) by the end of this year. OCB is among ten banks that will have to sprint to be able to meet the Government’s listing deadline on UPCoM by the end of this year.  According to the Government’s regulations, all 730 equitised companies yet to be listed on the UPCoM will have to list on the bourse by the end of this year. Ten banks - OCB, ABBank, Techcombank and NamABank, as well as MaritimeBank, VietABank, TPBank and Seabank, along with HDBank and LienVietPostBank, are among the firms named. The 10 banks repeatedly made plans to list on the stock market in the past year, however, they were forced to postpone due to the unfavourable market conditions. Till date, only VIB and Kienlongbank (KLB) have listed on UPCoM this year. VIB listed more than 564 million shares on the UPCoM on January 9 and plans to list on the HCM Stock Exchange next year. The VIB share is being traded at some VND22,300, increasing from VND17,000 on the first trading day. Meanwhile, 300 million KLB shares were listed on the UPCom on June 29 at VND10,000 per unit. The share is currently being traded at some VND10,300. Previously, during the 2017 annual general meeting (AGM) season in April, shareholders of banks such as Techcombank, ABBank, OCB and LienVietPostBank approved the listing of banks’ shares on the UPCoM. LienVietPostBank…... [read more]




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