Confidence continues on VN-Index
Shares advanced for a second day on the two exchanges on March 30 as investors continued to show their confidence in the market outlook.
Illustrative image (Photo: VNA)Hanoi (VNA) - Shares advanced for a second day on the two exchanges on March
30 as investors continued to show their confidence in the market outlook.
The benchmark VN-Index on the HCM Stock Exchange retreated from the day-high at nearly 726 points to close at 723.9 points, up 0.5 percent over the previous session, and the highest recorded since February 20, 2006.
On the Hanoi Stock Exchange, the HNX-Index edged up 0.5 percent to end at 91.1 points. The northern market index inched up 0.1 percent on March 29.
Liquidity remained positive with a total of 242 million shares worth 4.3 trillion VND (190.4 million USD) being traded in the two markets.
Big firms in pharmaceutical, food-beverage and financial industries led the upturn.
Drug companies were the biggest gainers with an average industry growth of 2.83 percent on March 30.
Shares of DHG (DHG) and Traphaco (TRA) climbed 0.6 percent each thanks to their rosy earnings results.
Net profit of DHG Pharmaceutical increased by 33 billion VND at the end of 2016, or 15 percent year-on-year, after audit to over 255 billion VND. Meanwhile, Traphaco on March 30 report in its annual shareholders’ meeting an after-tax profit of 210 billion VND in 2016, a year-on-year growth of 18 percent. It has targeted a net profit of 240 billion VND this year, up 14 percent year-on-year.
Other drug manufacturers like Imexpharm Corp (IMP) and Benovas Pharmaceutical (DCL) also rose substantially.
In the food and beverage group, the two biggest listings, dairy giant Vinamilk (VNM) and brewery Sabeco (SAB) increased by 1.6 percent and 1 percent, respectively, both accounting for 0.26 percent of the VN-Index’s growth.
Banks lost their morning gains when Vietcombank (VCB), the second biggest listed lender, decreased 0.3 percent. However, five other banks including BIDV (BID), Military Bank (MBB), Sacombank (STB), Asia Commercial Bank (ACB) and Sài Gòn-Hanoi Bank (SHB) leapt between 0.4-2 percent.
According to analysts at Vietnam Investment Securities Joint Stock Company, the VN-Index will likely extend its gains and move in the range of 723-725 points.
The Ministry of Industry and Trade on March 30 decided to impose anti-dumping duties on imported coated steel from China and the Republic of Korea. This decision is expected to help local steel manufacturers better compete in the home market and boost the performance of steel companies.-VNA
The benchmark VN-Index on the HCM Stock Exchange retreated from the day-high at nearly 726 points to close at 723.9 points, up 0.5 percent over the previous session, and the highest recorded since February 20, 2006.
On the Hanoi Stock Exchange, the HNX-Index edged up 0.5 percent to end at 91.1 points. The northern market index inched up 0.1 percent on March 29.
Liquidity remained positive with a total of 242 million shares worth 4.3 trillion VND (190.4 million USD) being traded in the two markets.
Big firms in pharmaceutical, food-beverage and financial industries led the upturn.
Drug companies were the biggest gainers with an average industry growth of 2.83 percent on March 30.
Shares of DHG (DHG) and Traphaco (TRA) climbed 0.6 percent each thanks to their rosy earnings results.
Net profit of DHG Pharmaceutical increased by 33 billion VND at the end of 2016, or 15 percent year-on-year, after audit to over 255 billion VND. Meanwhile, Traphaco on March 30 report in its annual shareholders’ meeting an after-tax profit of 210 billion VND in 2016, a year-on-year growth of 18 percent. It has targeted a net profit of 240 billion VND this year, up 14 percent year-on-year.
Other drug manufacturers like Imexpharm Corp (IMP) and Benovas Pharmaceutical (DCL) also rose substantially.
In the food and beverage group, the two biggest listings, dairy giant Vinamilk (VNM) and brewery Sabeco (SAB) increased by 1.6 percent and 1 percent, respectively, both accounting for 0.26 percent of the VN-Index’s growth.
Banks lost their morning gains when Vietcombank (VCB), the second biggest listed lender, decreased 0.3 percent. However, five other banks including BIDV (BID), Military Bank (MBB), Sacombank (STB), Asia Commercial Bank (ACB) and Sài Gòn-Hanoi Bank (SHB) leapt between 0.4-2 percent.
According to analysts at Vietnam Investment Securities Joint Stock Company, the VN-Index will likely extend its gains and move in the range of 723-725 points.
The Ministry of Industry and Trade on March 30 decided to impose anti-dumping duties on imported coated steel from China and the Republic of Korea. This decision is expected to help local steel manufacturers better compete in the home market and boost the performance of steel companies.-VNA
You should also see
PM hosts Chairman of Russian Federal Bar Association
Prime Minister Pham Minh Chinh spoke highly of cooperation between the Russian Federal Bar Association (RFBA) and the Vietnam Lawyers’ Association (VLA) while receiving RFBA Chairman Sergey Stepashin, who is also former Prime Minister of Russia, in Hanoi on April 23.
See more
Sci-Tech
FPT, NVIDIA ink MoU to build 200 million USD AI factory
Vietnam’s tech giant FPT plans to build a 200 million USD artificial intelligence (AI) factory using Nvidia's graphics chips and software, as announced on April 23 in a comprehensive strategic partnership with NVIDIA.
Business
Lao Cai province calls for more Japanese investments
The advantages and potential of Vietnam’s northern border province of Lao Cai were introduced to Japanese firms at an investment and tourism promotion conference in Tokyo on April 23.
Business
Vietnam’s economy shows gradual recovery: WB’s report
Vietnam's economy is showing mixed signs of recovery in early 2024, with growth forecast to reach 5.5% in 2024 and gradually rise to 6.0% by 2025, according to the latest World Bank Taking Stock bi-annual economic update released on April 23.
Business
Tra fish export to UAE jumps 67% in Q1
Vietnam’s tra fish export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year, statistics of the General Department of Customs showed.
Business
Central bank successfully auctions 3,400 taels of SJC-branded gold bars
The State Bank of Vietnam (SBV) released the outcome of the gold bullion auction on April 23, with two winning bidders securing 34 lots, equivalent to 3,400 taels of SJC-branded gold bars.
