Blue chips lead southern share rises
Shares rose steadily on July 31 afternoon on the Ho Chi Minh exchange,
lifting the VN-Index up 0.68 percent to close at 491.85 points.
Shares rose steadily on July 31 afternoon on the Ho Chi Minh exchange,
lifting the VN-Index up 0.68 percent to close at 491.85 points.
Sacombank (STB) attracted investor attention during the day with a whopping 14.6 million shares traded at the ceiling price of 18,200 VND (0.87 USD) a share, worth 267 billion VND (12.7 million USD).
However, half of the 30 largest shares by market capitalisation and liquidity shed value, driving the VN30 down 0.42 percent to 542.52 points.
Trading increased 20 percent over the previous session, with the transaction value totalling nearly 790 billion VND (37.6 million USD) on a volume of 41.6 million shares.
On the Hanoi Stock Exchange, the HNX-Index dropped 0.15 percent to close at 61.49 points on lacklustre trading of 12.2 million shares worth 99 billion VND (4.7 million USD).
Newly-listed FIT Investment Co (FIT) continued to be the most active share on the Hanoi bourse, with 1.6 million shares traded at 13,000 VND a share.
Low liquidity was challenging investor patience and prompting them to sell shares at low prices, according to stock analysts at Vietnam Investment Securities Co.
"However, this is also the time many investors are waiting to buy bargain stocks. When investors are pessimistic, the market usually rebounds," they wrote in a report.
The foreign sector returned as net sellers on the two exchanges, unloading shares worth a combined 18 billion VND (857,000 USD).-VNA
Sacombank (STB) attracted investor attention during the day with a whopping 14.6 million shares traded at the ceiling price of 18,200 VND (0.87 USD) a share, worth 267 billion VND (12.7 million USD).
However, half of the 30 largest shares by market capitalisation and liquidity shed value, driving the VN30 down 0.42 percent to 542.52 points.
Trading increased 20 percent over the previous session, with the transaction value totalling nearly 790 billion VND (37.6 million USD) on a volume of 41.6 million shares.
On the Hanoi Stock Exchange, the HNX-Index dropped 0.15 percent to close at 61.49 points on lacklustre trading of 12.2 million shares worth 99 billion VND (4.7 million USD).
Newly-listed FIT Investment Co (FIT) continued to be the most active share on the Hanoi bourse, with 1.6 million shares traded at 13,000 VND a share.
Low liquidity was challenging investor patience and prompting them to sell shares at low prices, according to stock analysts at Vietnam Investment Securities Co.
"However, this is also the time many investors are waiting to buy bargain stocks. When investors are pessimistic, the market usually rebounds," they wrote in a report.
The foreign sector returned as net sellers on the two exchanges, unloading shares worth a combined 18 billion VND (857,000 USD).-VNA
You should also see
Cam Lam - Vinh Hao Expressway to help drive south-central region's economy
The 78.5km Cam Lam - Vinh Hao Expressway, one of the three sub-projects of the North - South Expressway project’s eastern wing, officially opened to traffic on April 26.
See more
Business
Long An, Dong Nai introduce strengths in RoK
The southern province of Long An and Dong Nai introduced their investment climate as well as socio-economic development orientations at an investment promotion conference held in the Republic of Korea (RoK) on April 26.
Business
Vietnam makes initial efforts to approach creative industries: CIEM
Vietnam has made initial efforts to approach creative industries and services, particularly a policy framework related to creative economy development, according to a new report released by the Central Institute for Economic Management (CIEM).
Business
HCM City wants to become major partner, customer of NVIDIA: Official
Chairman of the People’s Committee of Ho Chi Minh City Phan Van Mai has told the Vice President of Worldwide AI Initiative at NVIDIA, Keith Strier that the city wants to become a major and good partner and customer of the firm in Vietnam.
Business
Revenue on top five e-commerce platforms jumps 79%
The e-commerce market of Vietnam was robust in the first quarter of this year with total revenue of the top five platforms, including Shopee, TikTok Shop, Lazada, Tiki and Sendo, reaching more than 71 trillion VND (2.79 billion USD), an increase of 79% over the same period last year, according to a recent report by Metric.
Business
Airports to offer 9,000 domestic flights during upcoming holidays
Vietnamese airlines are expected to operate 9,000 flights on domestic routes to meet the travel demand during the upcoming National Reunification Day (April 30) and May Day (May 1) holidays, according to the Airports Corporation of Vietnam (ACV).
