Markets

Times City, a real estate project of Vingroup. Foreign investors bought net value of VND6 trillion (US$257.5 million) on Tuesday morning. — Photo reatimes.vn Shares advanced on Tuesday morning driven by growth of banks, with foreign investors buying a net value of VND6 trillion (US$257.5 million). The VN-Index on the Ho Chi Minh Stock Exchange edged up by 0.35 per cent at 990.63 points, while the HNX-Index on the Ha Noi Stock Exchange inched up by 0.26 per cent at 106.59 points. Liquidity soared with 144 million shares worth VND7.85 trillion ($337 million) being traded in the two markets. Most of the value came from negotiated trade in Vingroup’s (VIC) shares by foreign investors worth a net buy value of VND6 trillion. Overall market conditions were neutral, with 198 stocks rising, 197 falling and 360 remaining unchanged. Banking stocks were the market engine this morning as eight of 13 listed banks gained value and only two declined. Five banks increased by more than … [Read more...] about Foreign traders buy $257.5m Vingroup’s shares, both indices up

Vietnamese shares advanced on Monday morning, boosted by strong growth of brokerage, bank and petroleum companies. — Photo tinnhanhchungkhoan.vn Vietnamese shares advanced on Monday morning, driven by securities firms, banks and petroleum companies. The benchmark VN-Index on the Ho Chi Minh Stock Exchange gained 0.56 per cent to close at 981.95 points. The VN-Index rose total 2.1 per cent last week. Nearly 78 million shares were traded on the southern bourse, worth VND1.84 trillion (US$79 million). Securities firms, banks and petroleum companies were the three groups of stocks with the strongest growth on Monday morning. The three sector indices were up between 1 per cent and 1.5 per cent, data on vietstock.vn showed. Shares of banks and securities firms lured investors’ attention for their earnings prospects, analysts told local media last week. Petroleum stocks advanced on the rise of oil prices on expectations that tension between the US and Iran would disrupt global … [Read more...] about Brokers, banks and energy firms lift market

Photo shows a counter at VPBank Securities JSC. Securities firms are expected to produce good earnings and draw attention from investors when introducing new products to the market. — Photo tinnhanhchungkhoan.vn The Vietnamese market is expected to move modestly this week as VN-Index approaches its difficult resistance level of 980 points, analysts said. The benchmark VN-Index on the Ho Chi Minh Stock Exchange inched up 0.08 per cent to end Friday at 976.48 points, totalling a weekly rise of 2.1 per cent after five straight trading sessions of gaining. Last week was the strongest gaining week of VN-Index in almost 12 weeks. Liquidity recorded high level in eight weeks with an average of nearly 177 million shares traded in the southern bourse in each session, worth VND3.8 trillion (US$162 million). On the Ha Noi Stock Exchange, the HNX-Index decreased by 0.28 per cent to close Friday at 105.79 points, witnessing a weekly increase of 0.07 per cent. An average of nearly 36.4 … [Read more...] about VN-Index approaches 980-point resistance level

Truong Thanh Furniture Corporation (HoSE: TTF) would acquire Thien Thanh Sanitaryware JSC tomorrow to avoid the risk of cumulative losses outpacing charter capital. — Photo nhadautu.vn Truong Thanh Furniture Corporation (HoSE: TTF) would acquire Thien Thanh Sanitaryware JSC tomorrow to avoid the risk of cumulative losses outpacing charter capital, cafef.vn reported. After the merger, Truong Thanh Furniture will take over the business activities of Thien Thanh Sanitaryware JSC. The acquisition was approved at the formers extraordinary shareholder meeting in late October 2018. At another extraordinary shareholder meeting the following month, shareholders in Truong Thanh approved a plan to issue 96.6 million shares to swap for Thien Thanh shares at a rate of 8.21 to 1. The deal will increase the furniture firms charter capital to VND3.15 trillion (US$135.4 million) and the amount of shares issued for swapping will account for 46.6 per cent of the firms total. The post-acquisition … [Read more...] about Truong Thanh Furniture to acquire ceramics firm

Outside of the Ho Chi Minh Stock Exchange (HoSE). The benchmark VN-Index gained slightly on Friday, driven by the petroleum sector. — Photo hsx.vn Vietnamese shares rallied for the fifth straight session on Friday, propped up by strong gains by oil and gas stocks. The benchmark VN-Index on the Ho Chi Minh Stock Exchange inched up 0.08 per cent to end at 976.48 points. More than 135 million shares were traded on the southern bourse, worth VND3.1 trillion (US$136 million). The index inched up 0.01 per cent on Thursday to end at 975.69 points. The large-cap VN30-Index slumped 0.16 per cent to stand at 890.53 points with 14 stocks out of the 30 largest by market capitalisation losing value. Insurance, securities, oil and gas, logistics and construction were among the best-performing industries. Their indices rose by between 0.04 and 0.94 per cent, data on vietstock.vn showed. The oil and gas sector had a good session to support the overall market. Gainers in the group included … [Read more...] about Oil stocks lift domestic market