Banks lead market upturn in 2018’s first trading day

Market declines for second dayBy Phuong Thao - The Saigon Times DailyHCMC – The local market retreated for the second straight session on Wednesday as investors’ sentiment remained glum given the lack of supporting news, dragging the VN-Index down 1.16 points, or 0.33%, against the previous day to 348.84.Liquidity on the Hochiminh Stock Exchange stayed low although value rose 7.6% against the previous day to VND344.8 billion on the volume of 25.4 million shares.The market saw very little volatility as it opened as well as closed at a small loss and traded within a 2.5-point range. At the end of…... [read more]

Market bounces back, trade stays scantBy Phuong Thao - The Saigon Times DailyHCMC – Strong performances of a number of heavyweights buoyed the local stock market on Thursday after two consecutive falling sessions although liquidity continued to decline. The VN-Index gained 3.55 points, or 0.86%, from a day earlier to close at 416.1.Stocks gained in early trade and rose to just below 418 points before declining towards the close. A ceiling close in VNM and gains in VIC, GAS and MSN contributed the most to the rally while small losses in HAG, MPC, DPM and a 3% loss in ELC…... [read more]

Market drops again, trade surgesBy Phuong Thao - The SaigonTimes DailyThe market opened somewhat higher and quickly headed towardsthe high of the day of 451.81 before reversing direction and trading in anarrow range before closing below Monday’s close.On the southern bourse, bids surged 28% from the previoussession to 97.5 million shares while offers soared 58% to 82.5 million shares.At the end of the day, the market saw 61.9 million shares worth over VND1trillion changing hands, rising 7.4% and 19.3% against the day earlierrespectively.There were 126 stocks rising and 96 others falling. Manyblue-chips plunged into the red on Tuesday while laggards…... [read more]

Market turns down, trade still at high levelBy Thuy Trieu - The Saigon Times DailyHCMC – The market on Wednesday changed direction to fall 8.6 points, or 2.66%, from the previous session to 313.76 as investors locked in profits, but trade was still bustling at the high level.The Hochiminh Stock Exchange reported investors bid for 78.5 million shares, decreasing 11% from the session earlier while the offer surged by 61.8% to 81.8 million shares. Closing the session, the market’s total trading volume was 55.2 million shares worth VND1.25 trillion, increasing 12% on volume from the previous session and The market…... [read more]

Stock market eases off two-day ralliesKim Ngan By Kim Ngan - The Saigon Times Daily HCMC – The local stock market lost ground on October 4 after two consecutive days of gains, with the VN-Index shedding 4.76 points, or 0.79%, to close at 598.39. Blue-chips such as GAS, VCB and MSN were draggers to the main index. GTN, REE and OCG also faced strong sell-offs.     Liquidity on the Hochiminh Stock Exchange dropped 6% against the session earlier to around 116 million shares worth over VND2.2 trillion. Some 18 out of 23 sectors closed in the red with rubber and building…... [read more]

As more than 400 million shares traded last Thursday were transferred to investors' accounts on Tuesday, the market was under pressure from profit taking, causing the benchmark indices to decline in the morning trading session. However, investors surprisingly boosted buying in the afternoon trading session and saved the indices from losses at the close of the day's trading. On the HCM City Exchange, the VN-Index ended the day at 598.81 points and approached the 590-point level. More than 157.7 million shares were traded, with a total trading value of about VND2.76 trillion ($131.4 million). Tracking the southern city's top shares…... [read more]

Investors at Bao Viet Securities' trading floor in Hanoi (Photo: VNA)Hanoi (VNA) – Vietnamese shares on October 10 extended losses for a second day, driven by the energy sector after crude prices retreated from a four-month high reached last week.The benchmark VN Index on the HCM Stock Exchange fell 1.4 percent to finish at 674.19 points, down a total 1.9 percent after two sessions.The HNX Index on the smaller Hanoi Stock Exchange dropped 0.8 percent to end at 84.59 points. The northern market index has lost 1.6 percent in two trading days.The energy sector was the worst decliner on October…... [read more]

GAS drags market down for second dayPhuong Thao HCMC – The local stock market lost ground for the second straight session on March 1 as GAS fell 2.3% on the Brent crude oil fall. The VN-Index dropped 1.27 points, or 0.18%, against the previous day to close at 709.52. Trading was dismal in the morning phase as investors sold off blue chips. The market recovered thanks to high demand in the last minutes of the afternoon phase but it failed to keep the VN-Index afloat. Turnover on the HCMC market improved with 222 million shares worth VND3.6 trillion changing hands,…... [read more]

The Topix index of all first-section issues gained 3.34 percent or 28.71 points to 888.51. "Japan's markets are opening relatively late after the US government acted, and thus they stand to benefit from the news as well as the enthusiastic response from other bourses," said Hiroichi Nishi, general manager of equities at SMBC Nikko Securities. Global markets rallied after the US House of Representatives late Tuesday passed a deal between the White House and Republicans to raise taxes on the rich and put off automatic $109 billion budget cuts for two months. The deal lifted the clouds of immediate crisis,…... [read more]

The Yangon Stock Exchange (YSE) ( (VNA) – Myanmar’s first stock market began its first trading day on March 25.First Myanmar Investment (FMI), the first listed company, recorded the highest value on the Yangon Stock Exchange (YSX) initial transaction day.FIM received more market order volume than its sales offer, reaching over 37,000, while its sales offer stood at over 22,000, with a value of 26,000 kyats a share (21.5 USD) at the opening stage. The company achieved the highest value, 31,000 kyats (25.63 USD). Trading volume reached 42,610 shares. The YSX is Myanmar’s first stock exchange , which was launched…... [read more]