Vn index

VN-Index approaches 580 points Phuong Thao By Phuong Thao - The Saigon Times Daily HCMC – The local stock market moved in a narrow range in much of Thursday’s trading session but managed to advance slightly at the close thanks to rising demand. The VN-Index again approached the resistance level of 580 points, adding 3.62 points, or 0.63%, from a day earlier to close at 578.56. Liquidity on the southern bourse improved strongly, with volume and value jumping 33% and 24.5% to 141 million shares worth over VND2.2 trillion. Viet Capital Securities Company said gainers spread across sectors as 15 of 18 sectors it observed gained on Thursday. “We noticed that full-foreign-room tickers led the market’s gains today despite the lack of news about the foreign ownership limit (FOL) proposal.” Outstanding put-through transactions included 1.9 million HAG shares and 5.8 million KBC shares. Foreigners remained net sellers for the fourth straight day at a net … [Read more...] about VN-Index approaches 580 points

VN-Index approaches 560 points Phuong Thao By Phuong Thao - The Saigon Times Daily HCMC – The local market continue the strong rally in the 13th straight winning session on Tuesday, lifting the VN-Index up 6.24 points, or 1.13%, against the previous day to 559.91. The session started with profit taking on large caps but the VN-Index quickly climbed to another new high thanks to supports of mid-cap and increasing foreign capital. BVH, VIC and PVD gained the most among large-cap stocks, rising 6.8%, 4.6% and 6.5% respectively. On the other hand, MSN, GAS and VNM were major drags as they declined 2.5%, 0.6% and 0.7% respectively, Viet Capital Securities Company (VCSC) said in its on Tuesday’s comment. “Among mid-cap stocks, we noticed GMD, REE, PPC and FCN, which had the most market intention,” it said. On the Hanoi market, strong buying into PVS and DBC and petroleum-related stocks fueled up sentiment. The HNX-Index surged 1.06 points, or 1.46%, from the … [Read more...] about VN-Index approaches 560 points

VN-Index closes above 550 points Phuong Thao By Phuong Thao - The Saigon Times Daily HCMC – The local market on Monday closed above the 550-point level for the first time over the past four years as investor sentiment was bullish and cash flow remained strong. The VN-Index closed the day at 553.67, jumping a hefty 10.08 points, or 1.85%, against last Friday. Viet Capital Securities Company (VCSC) said that foreign money ruled the day as the investors continued to buy large-caps, pushing BVH, VCB, MSN and VIC up. These four pillar stocks contributed 5.5 points out of the 10-point rise of the VN-Index. Even with stronger selling pressure towards the end of the day, especially on mid and small cap stocks such as VHG, REE and GMD, the VN-Index reached the highest level since early 2010, VCSC commented. Liquidity on the southern bourse was also impressive with nearly 106 million shares traded. Foreigners accounted for 26.2% of the total trading value, net buying VND310 billion … [Read more...] about VN-Index closes above 550 points

VN-Index slightly retreats Phuong Thao By Phuong Thao - The Saigon Times Daily HCMC – The local market underwent slight correction after three consecutive rising sessions on Wednesday as many blue-chips declined, sending the VN-Index down 0.73 point, or 0.14%, from the day earlier to close at 508.43. Early in the morning, the VN-Index reached the three-month high of 513-point level. However, it then gave up all the intraday gains and further swung into the negative territory in the last 15 minutes when at-the-close selling pressures pushed many of the blue-chips down. VIC was the biggest negative contributor, tumbling by 2.2% and removing 0.9 point from the VN-Index. Some heavyweights in the finance and banking sector such as BVH, EIB, OGC and STB improved, helping the market curb the downtrend. Market breadth remained positive with 127 gainers versus 86 losers while 71 others closed unchanged. Trading volume improved by 9.9% but value retreated 5.4% on the southern … [Read more...] about VN-Index slightly retreats

VN-Index down on poor trade Thuy Trieu By Thuy Trieu - The Saigon Times Daily HCMC - The stock market blues have extended with on Thursday seeing yet another decline of the southern exchange’s index. The VN-Index on Thursday eased off 0.65 point at 383.22 with trading volume lower. Lack of supporting news, trading on the Hochiminh Stock Exchange was still dull as investors were continuing their hold position. Trading value in the matching phase on this bourse dropped 21.5% from Wednesday to VND207.5 billion worth of 18.2 million securities, falling 4%. That showed investors decreased transactions of blue-chips. Among 30 large-cap stocks on the bourse, there were nine falling and seven increasing. Only Gemadept (GMD) rose VND700 to hit the ceiling price of VND16,600 per share while no stock dipped to the floor. A fair balance between the winners and losers led the VN30 index to slightly fall 0.63 to 452.24. Kinh Do Corp. (KDC) eased off its rising streak on Thursday as it … [Read more...] about VN-Index down on poor trade