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Before the trading session, investors received positive information from the global stock market, especially the US stock market. The stock market of the world-leading economy rallied in the first trading session of a new week after dropping at the end of last week in the context that investors' concerns about the Fed's decision to raise interest rates were higher than the forecast and risks of economic depression. Specifically, the Dow Jones Industrial Average jumped 641.47 points, or 2.15 percent, to 30,530.25 points. The S&P 500 also rose by 2.45 percent to 3,764.79 points. Both indexes recorded the strongest increase in June. The Nasdaq Composite alone surged 2.51 percent to 11,069.30 points. The prosperity of the US stock market is the motivation for investors to jump in and catch the bottom right from the first minutes of the morning trading session. Although the VN-Index suffered the selling pressure from large-cap stocks and sometimes retreated sharply to 1,160 points, … [Read more...] about VN-Index declines for five straight days despite support from banking stocks

The index closed 3.2 points lower after losing over 41 points this week. Trading on the Ho Chi Minh Stock Exchange fell by 15.6 percent to VND13.31 trillion ($572.7 million). The VN-30 basket, comprising the 30 largest capped stocks, saw 15 tickers gain, with SSI of leading brokerage SSI Securities and STB of HCMC-based lender Sacombank closing at ceiling prices. They gained 6.9 and 6.8 percent, respectively. Three bank stocks, TCB of Techcombank, MBB of MBBank and VPB of VPBank, followed, rising 4.4 to 5.5 percent. Other winners included HPG of steel giant Hoa Phat, up 3.4 percent, and ACB of lender Asia Commercial Bank, up 3.3 percent. Twelve blue chips fell, led by two energy tickers: GAS of Petrovietnam Gas and POW of Petrovietnam Power. They both hit floor prices, losing 6.8-6.9 percent. FPT of IT giant FPT Corp closed 5.2 percent lower, and MWG of electronics retailer Mobile World dropped 5 percent. Foreign investors were net buyers to the tune of VND24.1 … [Read more...] about VN-Index hits 14-month low

People buy smartphones at Mobile World Investment's store in Hà Nội. MWG shares lost more than 5 per cent yesterday. — VNS Photo Mai Hương HÀ NỘI — Shares continued to slide in HCM City but recovered in Hà Nội on Wednesday as liquidity decreased on widening divergence. On the Hồ Chí Minh Stock Exchange, the VN-Index inched down 0.27 per cent to close at 1,169.27 points. The VN-Index has dropped for four consecutive sessions with a total loss of 5.5 per cent. The market breadth was positive, however, with 300 stocks rising, 196 declining and 68 closing flat. Divergence also widened with 125 stocks hitting the ceiling and 55 dropping to the floor prices. Industries performing positively recently such as retail, information technology, fisheries and utilities declined sharply. Meanwhile, steel, banking and securities stocks soared. In the red side, big losers included PV Gas (GAS), PV Power (POW), FPT Corp (FPT), Mobile World Investment (MWG) and top three … [Read more...] about Shares mixed on sliding liquidity

The jack-up rig PV Drilling VI. PV Drilling climbed up to 7 per cent yesterday, supporting the market's bullish trend.- Photo pvdrilling.com.vn On the Ho Chi Minh Stock Exchange (HoSE), the market benchmark VN-Index settled higher, ending its four-day losing streak. The index surged 19.61 points, or 1.68 per cent, to 1,188.88 points. The market's breadth returned to a positive zone with 318 stocks gaining points, of which 50 stocks hit the biggest daily increase of 7 per cent, while 153 stocks declined. However, liquidity remained at a low level, of which the matching value on the southern bourse was just VND8.86 trillion (US$381 million), equal to a matching volume of 380 million shares. The index's reversal was driven by the improvement of risk appetite. The VN30-Index rose 13.41 points, or 1.09 per cent, to 1,240.58 points. Twenty of the 30 biggest stocks in the VN30 basket inched higher on Thursday, of which two stocks registered the maximum intraday gain of 7 per … [Read more...] about VN-Index rises sharply on back of high risk demand

Shares were mixed on Friday morning, with the market benchmark VN-Index rising slightly as some large-cap stocks faced correction. On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index increased 4.46 points, or 0.38 per cent, to 1,193.34 points. The market's breadth was positive, while liquidity was up compared to the previous session but remained at low levels. Accordingly, the matching value on the southern bourse climbed by 9 per cent to more than VND4.8 trillion (US$207.5 million). However, foreign investors were net sellers this morning after net selling a value of VND101 billion on the market. The index extend rallies, but strong gains in the previous trade triggered some profit-taking activities in pillar stocks, especially in energy and real estate stocks. The VN30-Index, tracking the 30 biggest stocks on HoSE, advanced 2.7 points, or 0.22 per cent, to 1,243.28 points. In the VN30 basket, 19 stocks inched up, while nine declined and two stayed unchanged. BIDV (BID) … [Read more...] about VN-Index edges close to 1,200 points

A Con Cung store. — Photo concung.com The retail market of products for mothers and babies is booming as interest in health is increasing, especially for vulnerable groups such as families with infants and children. The trend to go to specialised supermarkets for mothers and babies has become popular in large centres such as Ha Noi and HCM City and has spread to many cities across the country. Increasingly, modern life makes the demand for shopping in the mothers and babies sector rise. It is not difficult to find baby supermarkets anywhere, such as Con Cung, Bibomart, Kids Plaza, Shop Tre Tho, Tuti care and more. Even nursing mothers do not need to go out but can order products of authorised brands in the market on reputable online sales sites such as Shopee, Tiki, and Lazada so as not to waste time travelling. The attractiveness of the new shopping trend for breastfeeding mothers, along with the large market size, up to billions of U.S. dollars, has lured many large … [Read more...] about Mothers and babies sector booming in VN