Investors monitor the market at the ACBS Securities office in Hanoi (Photo: VNA) Hanoi (VNS/VNA) -Vietnam’s benchmark VNIndex has extended its growth for a fourth straightweek, though recent market trading conditions suggest the benchmark index couldstruggle with rising selling pressures this week.The benchmark VN Index onthe Ho Chi Minh Stock Exchange ended last week at 1,050.11 points, posting aweekly gain of 3.7 percent.The minor HNX Index onthe Hanoi Stock Exchange finished January 12 at 120.76 points and recorded aweekly growth of 1.5 percent.The benchmark index hasincreased by 6.7 percent since the beginning of the year, and 12.3 percentsince mid-September, while the northern market index has risen 3.3 percent and8.2 percent during the same period.An average of more than 405.6million shares, valued at 9.27 trillion VND (412.2 million USD), were traded on the twolocal exchanges in each session last week.Also, market tradingliquidity reached a record high on Friday, in terms of trading value, as 11.9trillion VND worth of shares were traded on both local exchanges.The market growth wasalso supported by the net foreign investment, which reached 2.56 trillion VND onthe two markets.The market sentiment wasmainly dominated by investors’ expectations for businesses to deliver positiveearnings reports for their performances in the fourth quarter of 2017, as wellas the entire year.Such expectations boostedstocks in the financial-banking, energy, food and beverage, retail and propertydevelopment industries, as investors had priced in those companies until theyofficially released all earnings reports.Leading businesses inthose sectors saw share prices increase last week, including Vietcombank (VCB),property firm Vingroup (VIC),… [Read full story]
Vietnam shares rose more than 2 percent on Monday, helped by a $5 billion stake sale in state-owned Sabeco in the country's biggest ever privatisation process, while Philippines rose on bargain-hunting after last week's losses.A unit of Thai Beverage won the auction to buy a 54 percent stake in the top brewer, with the Thailand-based company emerging as the only buyer after the anticipated sale of the state-owned maker of Bia Saigon gained momentum in recent months. The Vietnam index ended 2.5 percent higher with gains in consumer staples and financial stocks boosting sentiment, and is hovering near a decade-high…... [read more]
Flat trading expected this week, brokers sayPhuong Thao By Phuong Thao - The Saigon Times Daily HCMC – Cautious sentiment may keep investors on the sidelines, resulting in low liquidity and narrow trading range of the VN-Index this week, said securities enterprises. Opening last week, the VN-Index slumped to around 500 points, the lowest level over the past six weeks, due to a sudden increase in selling pressure. However, in the last session of 2013, the market bounced back after Reuters reported news related to imminent approval of foreign ownership limit increase draft. Viet Dragon Securities Company (VDSC) said that…... [read more]
Slight correction expected this week: brokers By Thuy Trieu - The Saigon Times Daily HCMC – The rally on the southern stock exchange has extended for an eighth session in a row and given strong rises of large caps, securities companies expect the market could undergo a slight pullback in the week before the long Tet holiday. High liquidity was the highlight of the southern bourse last week. The exchange’s average daily trading volume was 43.1 million shares worth VND1.13 trillion, up 19.2% and 22.9% respectively from the week earlier. The VN-Index last Friday saw a sharp increase, at 7.52…... [read more]
By Thuy Trieu - The Saigon Times Daily HCMC - Although the stock market fell sharply on overseas impact on Friday, securities companies are still positive on the market's trend this week given the six-month high on liquidity on the same day. Investors traded 112.4 million securities worth VND3.84 trillion, rising 38.5% and 36% respectively from the previous session, meaning that many investors still accepted to buy shares. The market's average daily trade volume was 92.4 million shares worth VND3.3 trillion, increasing 41% and 30% respectively from the previous week. The major trend of speculation capital has been on penny…... [read more]
Profit taking expected this week By Thuy Trieu - The Saigon Times Daily HCMC - Given the two falling sessions late last week after an earlier strong rising streak, investors may be psychologically driven to take profit this week to hedge against risks, according to analysts of securities companies. Despite two falling sessions, the stock market last week still made strong gain. Ending the week, the VN-Index rose 26.13 points, or 5.3%, from the week earlier to end at 520.9 points. In addition, foreign investors were net sellers by a thin margin during the week as they bought 18.7 million…... [read more]
