Vndirect

The index closed 3.57 points higher after losing 1.24 points on Friday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 6.20% to VND12.53 trillion ($534.51 million). Foreign investors were net sellers to the tune of VND468.36 billion, mainly selling VNM of dairy giant Vinamilk and VND of brokerage VNDirect. The VN-30 basket, comprising the 30 largest capped stocks, saw 16 tickers gain. TCB of the largest private lender Techcombank rose 2.9%, followed by VPB of private lender VPBank with a 2.1% increase. GVR of Vietnam Rubber Group abd TPB of private TPBank both went up 1.5%. Ten blue chips closed in the red, with VCB of state-owned lender Vietcombank losing 1.2%. The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 0.93% while the UPCoM-Index at the Unlisted Public Companies Market was up by 0.16%. … [Read more...] about Foreign stock investors break 3-session buying streak

Transactions at Techombank's Tay Ninh branch. Techcombank topped the shares lifting the VN-Index most yesterday, growing nearly 3 per cent. — VNA/VNS Photo Shares started the new trading week positively but liquidity decreased and foreign traders returned to be net sellers, showing rising caution among investors. On the Ho Chi Minh Stock Exchange, the VN-Index increased by 0.33 per cent to close at 1,070.64 points. The market performed positively for most of the trading time but selling pressure increased towards the end of the session, leading to drops in some major stocks. Losers that weighed on the VN-Index included Vietcombank (VCB), Vinamilk (VNM), Vingroup (VIC), Masan Group (MSN), PV Gas (GAS) and insurer Bao Viet Holdings (BVH) with decreases of between 0.6 per cent and 1.2 per cent. Overall, the market breadth was positive with 263 stocks rising, 125 declining and 84 closing flat. Of the VN30 basket (which tracks the top 30 shares by market value and liquidity), … [Read more...] about Shares open the new trading week on positive note

Transactions at Techombank's Tay Ninh branch. Techcombank topped the shares lifting the VN-Index most yesterday, growing nearly 3 per cent. VNA/VNS Photo Hanoi - Shares started the new trading week positively but liquidity decreased and foreign traders returned to be net sellers, showing rising caution among investors. On the Ho Chi Minh Stock Exchange, the VN-Index increased by 0.33 per cent to close at 1,070.64 points. The market performed positively for most of the trading time but selling pressure increased towards the end of the session, leading to drops in some major stocks. Losers that weighed on the VN-Index included Vietcombank (VCB), Vinamilk (VNM), Vingroup (VIC), Masan Group (MSN), PV Gas (GAS) and insurer Bảo Việt Holdings (BVH) with decreases of between 0.6 per cent and 1.2 per cent. Overall, the market breadth was positive with 263 stocks rising, 125 declining and 84 closing flat. Of the VN30 basket (which tracks the top 30 shares by market value and … [Read more...] about Shares open the new trading week on positive note

The index closed 2.84 points higher after losing 4.06 points on Wednesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 15% to VND11.70 trillion ($498.40 million). The VN-30 basket, comprising the 30 largest capped stocks, saw 12 tickers gain. GVR of Vietnam Rubber Group led with a 4.2% rise, followed by GAS of state-owned Petrovietnam Gas with a 2.4% gain. FPT of IT giant FPT Corporation went up 2.3% and VNM of dairy giant Vinamilk closed 1.2% higher. Fifteen blue chips fell. STB of Ho Chi Minh City-based lender Sacombank dropped 1.5% and VPB of private lender VPBank lost 1%. Foreign investors were net sellers for the fourth straight session to the tune of VND397.22 billion, mainly selling HPG of steelmaker Hoa Phat Group and VND of brokerage VNDirect. The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 0.38% while the UPCoM-Index at the Unlisted Public Companies Market was down by 0.27%. … [Read more...] about VN-Index rises

The index closed 0.87 points lower after gaining 2.84 points on Thursday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 6.97% to VND10.89 trillion ($463.80 million). Foreign investors were net sellers to the tune of VND332.06 billion, mainly selling VHM of property giant Vinhomes and VND of brokerage VNDirect. The VN-30 basket, comprising the 30 largest capped stocks, saw 12 tickers fall. NVL of property developer Novaland Group lost 1.9%, followed by SAB of brewer Sabeco with a 1.6%. VCB of state-owned lender Vietcombank closed 1.3% lower and BVH of insurance company Bao Viet Holdings lost 1.2%. GVR of Vietnam Rubber Group gained 2.7% and POW of electricity producer Petrovietnam Power Corporation went up 1.1%. The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 0.40% while the UPCoM-Index at the Unlisted Public Companies Market was down by 0.16%. … [Read more...] about Foreign investors net sell in 5th straight session

Figures from the State Bank of Vietnam (SBV) show that as of May 9, the value of the whole economy was approximately $532 billion, up 2.7 per cent compared to the end of 2022 and up 9.6 per cent on-year. After the SBV reduced the regulatory annual interest rate by a half of one per cent in late March, bank deposit rates fell by 0.2-0.5 per cent in April, with a further fall expected for May. A senior executive at BIDV said that the SBV’s monetary policy is consistent with the 'loosening stance' expected to aid the economy as inflationary pressures cool significantly. “It is likely that the SBV might further reduce the regulatory interest rates several more times from now until year-end to reaffirm lending rates after a softening streak and accompany the economy,” said the executive. In addition, the mobilising-credit balance is forecast to further ameliorate with credit growth struggling to make a breakthrough, meanwhile mobilising is set to improve thanks to a … [Read more...] about Falling interest rates likely in H2

The country’s biggest lender Vietcombank saw its bad debt ratio rise from 0.68% at the end of last year to 0.84% by the end of March. Two other major state-owned lenders have found themselves in the same boat. BIDV saw its second-group debt (overdue by up to 90 days) rise 47% in the first three months of 2023, while third-group debt (overdue by up to 180 days) doubled during the period. The bank’s fourth-group debt (overdue by up to 360 days) rose 60%. VietinBank also saw an increase in the above debt groups. To deal with the problem, Vietcombank has increased its write-offs 30% since the beginning of the year. For every dong of bad debt, the bank has written off VND3 to ensure financial safety. VietinBank has spent over VND7 trillion reducing fifth-group debt (overdue for more than 360 days) by over 30%. At the same time, bad debt problems at private banks seem to be getting even worse than at state-owned lenders. VPBank saw its second- and third-group debt double … [Read more...] about Bad debt on the rise at banks

Customers at Saigon Securities Inc's branch. SSI shares rose 3.8 per cent on Monday. — Photo courtesy of SSI Both national stock indices ended the first trading day of the week on a positive note, as a wave of gainers permeated nearly all sectors, reflecting the optimism of investors in the market's outlook. On the Ho Chi Minh Stock Exchange, the VN-Index increased 1.05 per cent to close Monday at 1,074.98 points. Similarly, the HNX-Index on the Ha Noi Stock Exchange rose by 1.22 per cent to end at 220.31 points. Market breadth favoured the buyers at the end of the session, with 661 gainers and 205 losers. The VN30 basket which tracks the top 30 shares by market value and liquidity on the HCM City’s bourse also exhibited positive performance, with 23 gainers, three losers and four closing flat. The liquidity remained high and showed significant improvement compared to previous sessions. Nearly 977 million shares worth VND15.7 trillion (US$665 million) were traded in the … [Read more...] about Investors bet on positive market outlook, indices rise