Shares end week up in HCMC

Bank stocks soar on active tradePhuong Thao HCMC – The stock market rallied for a second straight session on August 31 as bank stocks advanced on active trading. The VN-Index broke through the strong resistance of 780 points, adding 0.53% at 782.76. According to vietstock.vn, the recovery of bank stocks was a surprise as the Hanoi People’s Court is still hearing a high-profile case involving Ha Van Tham, ex-chairman of Ocean Bank, and 50 other defendants who are charged with serious violations of monetary management regulations. BID opened the day with a mild rise after a weeklong drop. The bank rose further in the afternoon phase and hit the ceiling price of VND20,700 a share with matching volume of 5.4 million shares. Active transactions drove up other lenders. CTG gained 3% with volume of 2.38 million shares, VCB added 0.9% with 700,000 shares traded and MBB rose 2.4% with over 6.7 million shares changing hands. Notably, beverage giant SAB hit the intraday high of VND255,300 a share, up 2.12% against Tuesday, before losing steam and dragging the main index down from its peak of 785 points. At the close, SAB inched up 0.4% at VND251,000 a share with 12.5 million shares transacted. Among the property stocks, VIC soared to an all-time high in the morning before dropping strongly, ending a six-day winning streak. It closed down 0.4% at VND49,000 a share with nearly 1.5 million shares traded. Meanwhile, realty stock FLC continued facing high selling pressure, losing 4.16% at VND7,600…... [read more]

Shares moved in the opposite direction on Friday morning on the two local stock exchanges with around 85 million shares worth VND1.7 trillion (US$75 million) being traded. — Photo tinnhanhchungkhoan.vn Shares moved in the opposite direction on Friday morning on the two local stock exchanges. The VN Index on the HCM Stock Exchange rose 0.52 per cent to 786.85 points, while on the Ha Noi Stock Exchange, the HNX Index edged down 0.19 per cent to 103.68 points. Money continued to pour into the main bourse in HCM City with around 85 million shares worth VND1.7 trillion (US$75 million) being traded there; only 19 million shares worth VND267 billion were traded in the Ha Noi market. The market saw huge divergence, and big companies in finance, energy and food-beverage rose, such as lender BIDV, insurer Bao Viet Holdings, private equity Masan Group, Vinamilk, brewery Sabeco, Saigon Securities Inc, PV Gas and PetroVietnam Drilling and Wells Service. On the negative side, Sacombank, Vietinbank, FPT Corp, steelmakers Hoa Phat Group and Hoa Sen Group, Novaland Investment Group slumped and weighed down the market. Speculative stocks such as FLC Group, Ocean Group, FIT Group, HAI Agrochem and Hoang Quan Consulting-Trading-Service Real Estate remained under selling pressure with several million shares being traded, but most are being traded under the reference threshold. The afternoon session starts at 1pm. — VNS ... [read more]

Investors track stocks at the Ha Noi-based MB Securities’ trading floor. — VNS Photo Truong Vi Money shifted back to financial stocks on Thursday which helped the market extend gains on the HCM Stock Exchange. The benchmark VN-Index perked up 0.53 per cent to close at 782.76 points. It rose 0.6 per cent on Wednesday. Banks were the biggest gainers as five of seven listed lenders on the southern bourse gained value, including the ‘big four’ – Vietcombank, Vietinbank, Military Bank and BIDV, of which the latter hit the maximum daily rise of 7 per cent, settling at VND20,700 (US$0.91) a share. Apart from banks, big-name insurers and financial firms such as Bao Viet Holdings, Saigon Securities Inc, HCM Securities Corp and Masan Group also advanced. In the VN30 basket (which tracks the top 30 largest shares by market value and liquidity on the HCM Stock Exchange), 20 stocks gained while eight dropped. Investors were upbeat on socio-economic data in the first eight months, Tran Duc Anh, a stock analyst at Bao Viet Securities Co (BVSC) wrote in a note. Chairman of the Office of the Government Mai Tien Dung said at a regular press meeting on Wednesday that the country’s GDP growth is likely to hit the target of 6.7 per cent by year-end after reviewing the socio-economic statistics in August. Major indicators including inflation, credit growth, total retail sales of goods and services, foreign direct investment, industrial…... [read more]

The benchmark VN Index picked up 0.31 per cent to close at 781.07 points on Thursday morning. — Photo tinnhanhchungkhoan.vn Shares extended gains on Thursday morning on the HCM Stock Exchange, with the benchmark VN Index picking up 0.31 per cent to close at 781.07 points. Large-cap stocks again led the uptrend, with 18 of the top 30 largest shares by market value and liquidity on the southern bourse advancing; 10 declined. Gainers were from across sectors such as finance, steel manufacturing, retail and real estate, and included Vinamilk, VinGroup, Vietcombank, BIDV, Vietinbank, Masan Group, Mobile World Group, FPT Corp, Hoa Sen Group, Hoa Phat Group and Petrolimex. On the defensive side, big firms such as Saigon Securities Inc, Sacombank, HDG Pharmaceutical, PetroVietnam Drilling and Wells Service, confectioners Kido Group and brewery Sabeco weighed down the market. Real estate developer FLC Group continued to lead the market in terms of trading volume - 25.7 million of its shares were traded - and was the most active stock in the morning trade. Its share price, however, fell for the third day on Thursday after a seven-day rising streak, and was down 2.9 per cent at VND7,700 per share. On the Ha Noi Stock Exchange, the HNX Index was up 0.56 per cent at 103.91 points. A total of 157.7 million shares worth VND2.8 trillion (US$122.7 million) were traded in the two markets. The afternoon session starts at 1pm. – VNS ... [read more]

Stock trading at a Military Bank Securities facility. — VNS Photo Truong Vi Shares rebounded slightly on the HCM Stock Exchange after a bearish session on Wednesday, propped up by strong growth of real estate and steel stocks. The benchmark VN-Index regained all of Tuesday’s losses with a rise of 0.6 per cent at the close of 778.65 points. The southern market index edged down 0.42 per cent in the previous session. Many heavyweight stocks recovered on Wednesday, including industry-leading companies in sectors of real estate, steel manufacturing, retail and food-beverage. VinGroup, the biggest listed realty firm by market value and assets, perked up 6.84 per cent and settled at VND49,200 (US$2.17) a share. The company yesterday reported its net profit after audit soared to almost VND1.65 trillion in the first half of this year, a 6.8-fold increase over the old figure of just VND244 billion. Its consolidated net profits (total profits made by all companies belonging to the group) also increased by VND251.2 billion to VND1.86 trillion. The company explained such a sharp rise mainly came from an increase in financial incomes including additional dividends receiving from its subsidiaries. Foreign investors on Wednesday bought a net value of nearly VND39 billion worth of VinGroup’s shares, making it the most purchased share by foreign traders by value. Apart from VinGroup, other firms such as Masan Group, Vinamilk, brewery Sabeco, IT giant FPT Corp, mobile device retailer Mobile World Group, steelmakers…... [read more]

Nam Ngu fish sauce, a product of Masan Consumer which is a subsidiary of Masan Group. VN-Index's rise was driven by strong growth of VinGroup and Masan Group in the morning trade. — Photo news.zing.vn Viet Nam’s benchmark VN Index rebounded on Wednesday morning, driven by property developer Vingroup and food and beverage producer Masan Group. The benchmark index on the HCM Stock Exchange gained 0.31 per cent to close at 776.43 points, bouncing back from Tuesday's fall of 0.4 per cent. More than 125.6 million shares were traded on the southern bourse, worth VND1.94 trillion (US$86.4 million). The southern stock exchange was lifted by Vingroup (VIC) and Masan Group (MSN) following the two companies’ announcement on their business activities. After being audited, parent company Vingroup reported net profit of VND1.62 trillion for the first half of 2017, an increase of 6.7 times from the pre-audit number. Vingroup explained that the high improvement in its net profit was attributed to the dividend payouts it received from its subsidiaries. Vingroup’s shares jumped 3.8 per cent in the morning. Shares of Masan Group recorded a similar growth rate of 3.8 per cent. On September 1, Masan Group will trade additional 9.87 million shares on the HCM Stock Exchange, raising the number of outstanding shares to more than 1.15 billion shares. On the Ha Noi Stock Exchange, the HNX Index ended the morning session at 103.53 points, nearly unchanged from Tuesday’s close of…... [read more]

Shares declined more steeply in Tuesday’s afternoon trading after many heavyweight shares were sold, potentially driven by the withdrawal of an exchange-traded fund (ETF). — VNA/VNS Photo Shares declined more steeply in Tuesday’s afternoon trading after many heavyweight shares were sold, potentially driven by the withdrawal of an exchange-traded fund (ETF). The benchmark VN Index on the HCM Stock Exchange edged down 0.42 per cent to close at 774.03 points. The southern market index picked up 0.73 per cent on Monday. On the Ha Noi Stock Exchange, the HNX-Index decreased 0.37 per cent to end the session at 103.52 points. The northern market index rallied 1.23 per cent in the previous session. Large-cap stocks led the market downturn with 23 stocks in the VN30 basket (the 30 largest shares by market value and liquidity on the HCM Stock Exchange) lost value while only six gained. Many stocks tumbled in the At the Close Order (ATC) under heavy selling pressure which harmed the market. Big losers included dairy giant Vinamilk, insurer Bao Viet Holdings, confectionery Kido Group, Sacombank, Vietcombank, Vietinbank, PV Gas, brewery Sabeco, Masan Group and Novaland Investment Group. According to Nguyen The Minh, head of the capital market analysis at Saigon Securities Inc, the market slump on Tuesday was likely caused by the withdrawal of VanEck Vectors Vietnam ETF (VNM ETF) while he indicated that most of the big stocks being sold heavily in the ATC were in this ETF’s portfolio. …... [read more]

Both local stock indices advanced yesterday, with investors pouring money into speculative stocks for short-term profits. — VNS Photo Both local stock indices advanced yesterday, with investors pouring money into speculative stocks for short-term profits. The benchmark VN-Index on the HCM Stock Exchange rose 7.3 per cent to close at 777.26 points. The southern market index has gained 1.4 per cent in the last three sessions in the previous week. On the Ha Noi Stock Exchange, the HNX-Index rallied 1.23 per cent to end at 103.90 points. The northern market index increased 1.74 per cent in the previous three sessions. Large-cap stocks continued to advance and support the market. Seventeen of the top 30 largest shares by market value and liquidity on the main bourse in HCM City gained, while 10 fell. Rising sectors included finance, steel manufacturing, energy and real estate and retail, such as Vietcombank, Military Bank, Bao Viet Holdings, PV Gas, FPT Corp and Mobile World Group, as well as VinGroup, Hoa Phat Group, Masan Group, Kido Group and Kinh Bac City Development. According to BIDV Securities Co (BSC), the VN-Index has overcome the psychological resistance level of 775 points and is fluctuating around the resistance level of 777 points. “Market liquidity in recent sessions has improved significantly, however, it should be noted that the current cash flow tends to spread into speculative stocks, while not really supporting the VN30 and banking stocks (except Asia Commercial Bank),”…... [read more]

The benchmark VN-Index edged up 0.3 per cent to close Monday morning at 773.9 points as investors continued to show confidence in the market outlook. — Photo tinnhanhchungkhoan.vn Shares advanced on the two national stock exchanges on Monday morning as investors continued to show confidence in the market outlook. On the HCM Stock Exchange, the VN-Index edged up 0.3 per cent to 773.9 points. Large-cap stocks maintained market momentum as 17 of the top 30 largest shares by market value and liquidity on the southern bourse gained value and only 10 tumbled. Gainers expanded to various sectors, including finance, steel manufacturing, energy and real estate, such as Vietcombank, lender BIDV, Bao Viet Holdings and PV Gas, as well as VinGroup, Hoa Phat Group, Masan Group, Kido Group and Kinh Bac City Development. Real estate developer FLC Group was among the most significant gainers with a rise of 6.2 per cent to VND9,100 per share in morning trade. FLC chairman Trinh Van Quyen has registered to purchase 11 million FLC shares from September 15 to October 15 this year. On the defensive side, food-beverage firms such as Vinamilk and Sabeco slumped, along with DHG Pharmaceutical and PetroVietnam Fertiliser and Petrochemicals, which weighed on the market's rise. On the Ha Noi Stock Exchange, the HNX-Index was up 0.6 per cent to 103.2 points. A total of 183 million shares worth VND2.8 trillion (US$123.3 million) were traded on the two markets. Afternoon…... [read more]

Investors conduct transactions at the Bao Viet Stock Jsc Exchange in Ha Noi. — VNA/VNS Photo Tran Viet Vietnamese shares have risen during the last three sessions on both the local exchanges, but this rally is not expected to sustain through the last trading week of August. This is because investors will try to accrue profits from their recent gains, while supportive business-market information is lacking, according to experts. The benchmark VN Index on the HCM Stock Exchange gained 0.24 per cent to finish the last trading week at 771.63 points. It has rallied totally 1.4 per cent over the last three sessions. The HNX Index on the Ha Noi Stock Exchange added 0.34 per cent to end Friday at 102.64 points, extending its gain for a third day with a total growth of 1.8 per cent. The three-day rallies of the two indices helped them recoup the losses incurred in the first two sessions of the week and end the trading week higher than the previous one. The VN Index posted a weekly gain of 0.3 per cent, and the HNX Index rose 1.8 per cent week on week. The three-day rallies on both the local exchanges were attributed to the improvement in the bank stocks, which benefited from a draft circular released by the State Bank of Viet Nam to collect public opinions on the extension of the schedule requiring commercial banks to reduce their maximum ratio of…... [read more]




Links Topics : http://news.c10mt.com/2017/09/shares-end-week-up-in-hcmc.html