The VN-Index continued its winning march on Thursday morning, hitting over 1,015 points, up 0.93 per cent over Wednesday’s close.Money was poured in various stock groups, which helped expand gaining numbers on the electronic board.Nearly 190 stocks advanced on the HCM Stock Exchange, while 88 declined. The other 72 remained unchanged.Blue chips stayed the market engine, when 26 of the top 30 largest shares by market value and liquidity on the HCM City’s exchange gained and only four lost.Bank and energy stocks attracted the heaviest investment.Seven listed banks on the southern exchange increased, led by VPBank (VPB), up 3.6 per cent, BIDV (BID), up 2.2 per cent and Sacombank (ST), up 1.5 per cent.Major oil and gas companies, such as PV Gas (GAS), PetroVietnam Drilling and Well Services (PVD) and Petrolimex (PLX) rose 1.6 per cent, 2.5 per cent and 2.8 per cent, respectively.A total of 146 million shares worth VND3.4 trillion (US$149 million) were traded in the southern … [Read more...] about VN-Index rises steadily on positive outlook
Vn index
VN-Index breaks 1,000 point level
The VN-Index broke the 1,000-point threshold on Wednesday, closing up 0.99 per cent at 1,005.67 points, despite increasing profit-taking pressure towards the end of the session.This was the highest level since November 9, 2007.Large-cap stocks were mixed with 17 of the top 30 largest shares by market value and liquidity (VN30) on the HCM Stock Exchange gaining value and 12 losing.The main supporters included brewer Sabeco (SAB), up 5 per cent; Masan Group (MSN), up 3.2 per cent; VinGroup (VIC), up 2.9 per cent; PV Gas (GAS), up 2.2 per cent; Mobile World Group (MWG), up 2 per cent; and Vinamilk (VNM), up 1.7 per cent.Meanwhile, strong selling pressure sent bank stocks down on Wednesday with five of seven listed lenders on the HCM Stock Exchange losing value and only two gaining.The Big Three (three biggest banks by market value) – Vietcombank (VCB), Vietinbank (CTG) and BIDV (BID) – declined by less than 1 per cent.“After surpassing the psychological resistance level … [Read more...] about VN-Index breaks 1,000 point level
VN Index expected to surpass 1,300 points in 2018
The benchmark index on the HCM Stock Exchange ended 2017 at 984.24 points, setting a new 10-year high after having rallied a total of 4 per cent in six sessions. The benchmark index has risen 48 per cent since the end of 2016.The benchmark VN-Index was also among the top three stock indices with the best growth rates worldwide, along with Argentina and Mongolia’s markets.The minor HNX Index on the Ha Noi Stock Exchange also finished last year on a positive note at 116.86 points. The northern market index made up a five-straight-day increase of 3.4 per cent and totaled annual growth of nearly 46 per cent.Viet Nam’s stock market has doubled in size in the past year to reach VND3.52 quadrillion (US$155 billion), equal to 72 per cent of the country’s total gross domestic product (GDP).The strong development of the Vietnamese market was fueled by the sale and listing of large-cap enterprises---including brewers Sabeco and Habeco, petrol dealer Petrolimex, dairy producer … [Read more...] about VN Index expected to surpass 1,300 points in 2018
VN Index ends 2017 at 10-year high Most Recent News
NDO/VNA - Vietnamese shares ended on a positive note on December 29 as large-cap stocks remained positive and banks continued to draw investors’ attention for full-year earnings prospects. The benchmark VN Index on the Ho Chi Minh Stock Exchange gained 0.77% to end 2017 at its fresh 10-year high of 984.24 points. Vietnam’s key stock index has increased by 48% since the beginning of the year and it has rallied a total of 4% after the last six sessions. On the Hanoi Stock Exchange, the HNX Index edged upby 0.39% to close at 116.86 points. The northern market index has risen to an estimated 46% since the end of 2016 and it has notched a five-straight-day growth of 3.4%. Market trading condition was quite good in the last session of the year with 282 gaining stocks, 201 declining ones and 126 shares that closed flat. Foreign investors posted a net buy value of VND1.14 trillion, almost five-fold the figure that was recorded on December 28. Blue-chip stocks continued to trade … [Read more...] about VN Index ends 2017 at 10-year high Most Recent News
VN Index ends 2017 at 10-year high
The benchmark VN Index on the HCM Stock Exchange gained 0.77 per cent to end 2017 at its fresh 10-year high of 984.24 points.Việt Nam’s key stock index has increased by 48 per cent since the beginning of the year and it has rallied a total of 4 per cent after the last six sessions.On the Hà Nội Stock Exchange, the HNX Index edged up 0.39 per cent to close at 116.86 points.The northern market index has risen nearly 46 per cent in total since the end of 2016 and it has notched a five-straight-day growth of 3.4 per cent.Market trading condition was quite good in the last session of the year with 282 gaining stocks, 201 declining ones and 126 shares that closed flat.Foreign investors posted a net buy value of VNĐ1.14 trillion, almost five-fold the figure that was recorded on Thursday.Blue-chip stocks continued to trade positively as 20 of the 30 largest shares by market capitalisation in the VN30 group made gains.The large-cap group VN30 Index was up 0.89 per … [Read more...] about VN Index ends 2017 at 10-year high