The benchmark VN Index on HCM Stock Exchange advanced 1.11 per cent to close at 1,061.92 points. It had gained 1.5 per cent on Thursday. The minor HNX Index on Ha Noi Stock Exchange rose 0.35 per cent to end at 122.33 points. The northern market index finished Thursday up 1.22 per cent. Nearly 215 million shares were traded on the two local exchanges, worth VND5.68 trillion (US$252.4 million). Market trading condition was quite balanced, with 215 gaining stocks, 227 declining stocks and 111 stocks remaining unchanged. According to Sai Gon-Ha Noi Securities Co, investors were keen on corporate shares that promised good performance in 2017 and signalled better prospects for 2018. These included banks, securities companies, insurance firms, property developers, healthcare and pharmaceutical businesses and building contractors. Leading companies in these sectors made gains, such as Vietcombank (VCB), Eximbank (EIB), Viet Dragon Securities (VDS), Viet Capital Securities (VCI), Vincom Retail (VRE), Viglacera JSC (VGC) and steel producer Hoa Phat Group (HPG). The afternoon trading session starts at 1pm. Source VNA
Investors at Maybank KimEng Securities Co in HCM City. (Photo: VNA) Hanoi (VNA) -Expectations of positive corporate earnings reports will lead Vietnamese sharesup this week, especially financial-banking stocks, analysts said.Both local indices ended on June30 on a positive note to extend their gains for a third day and madeweek-on-week increases.The benchmark VN-Index on the HCMStock Exchange rose 0.6 percent to finish at 776.47 points.The HNX-Index on the Hanoi StockExchange added 0.4 percent to end at 99.14 points.Both local indices totaled athree-day rally of about 1.1 percent and a weekly increase of 1 percent, each.According to analysts, the riseof the stock market…... [read more]
Asian stock markets suffered fresh losses Friday as fears grew that the financial crisis is taking a heavy toll on corporate earnings in the region. Worries of a global recession continued to weigh on the minds of investors, who largely ignored the Dow Jones' overnight rise on Wall Street. "Wall Street closed higher overnight, but it was only a marginal gain after massive selling. The direction of global markets has not changed," said Daisuke Uno, chief market strategist of Sumitomo Mitsui Banking Corp. Japan's Nikkei stock index tumbled 4.89 percent by lunch. Sony Corp. shares plunged 12 percent after the…... [read more]
NEW YORK: US stocks pushed higher on Thursday (Jan 29), rallying after two down days on generally solid corporate earnings and a gain in oil prices.The Dow Jones Industrial Average jumped 225.48 points (1.31 per cent) to 17,416.85. The index fell nearly 500 points in the prior two sessions. The broad-based S&P 500 rose 19.09 points (0.95 per cent) to 2,021.25, while the tech-rich Nasdaq Composite Index gained 45.41 points (0.98 per cent) at 4,683.41.Analysts cited a modest rise in oil prices as a source of calm after the commodity fell sharply on Wednesday."Investors are worried that falling commodity prices could…... [read more]
The Ho Chi Minh Stock Exchange wrapped up the week on a lower note on Friday as investors were less willing to buy, brokers said. The VN-Index dropped for a second day, falling 0.9 percent, to 411.64, a one-week low. Among the index members, 83 gained, 58 declined and 37 were unchanged. "Investors are waiting for corporate earning results in the first five months of the year, which are expected to be released soon," a HCMC-based broker said, anticipating the VN-Index to correct to 380-390 next week. He added that the index will barely retreat below these levels. Eight companies…... [read more]
US stocks climbed Monday as investors geared up for the start of the corporate earnings season and a week packed with economic reports. Equities investors have proved resilient to a number of shocks, from war in Libya and the earthquake disaster in Japan to a budget crisis on Capitol Hill. The major indices have recovered much of the losses from the March 2009 lows. "Now it's time for the corporate sector to regain the spotlight. This doesn't mean macro events won't distract the market," said Kimberly DuBord at Briefing.com. "However, in our view, it's the bright corporate picture that is…... [read more]
