Indices up on penny stocks, midcaps
Cash inflows focused on mid-cap and penny stocks on August 20 afternoon,
helping lift the VN-Index by 0.34 percent to close at 606.70 points by
the end of the session.
Cash inflows focused on mid-cap and penny stocks on August 20 afternoon,
helping lift the VN-Index by 0.34 percent to close at 606.70 points by
the end of the session.
On the Hochiminh Stock Exchange, the advancers outnumbered the decliners by 118-81 while other 104 codes closed unchanged.
Blue chips lost momentum, tempering the market's rise.
Only 11 out of the 30 shares with the highest market value and liquidity gained while nine lost, keeping the VN30 a little lower than the previous session at 646.44 points.
Domestic investors increased buying in mid-cap and penny stocks like Vietnam Electricity Construction Joint Stock Corporation (VNE) and Petroleum Equipment Assembly & Metal Structure (PXS) pushing prices up to the ceiling.
Others such as Sacom Development & Investment Corporation (SAM), Petrovietnam Transportation Corporation (PVT), Vietnam - Italy Company (VIS) and Son Ha International Corporation (SHI) also climbed between 2.8-5.8 percent.
Liquidity continued to decline, however, with the market volume falling 20 percent from August 19, totaling nearly 108 million shares and fund certificates, while value of trades also decreased 30 percent to reach 1.863 trillion VND (88.3 million USD).
FLC Group (FLC) was again the most active stock with 10.7 million shares, finishing unchanged at 13,200 VND per share.
On the Hanoi Stock Exchange, the HNX-Index rose 0.48 percent to end the session at 83.06 points while the gainers outnumbered the losers by 100-88.
Trading also declined here as both market volume and value reduced around 20 percent from a day earlier, totaling 45 million shares worth 590.5 billion VND (28 million USD).
PetroVietnam Construction Corporation (PVX) continued to lead the northern market in volume with 5.7 million shares traded but the share price slipped 2.1 percent to close at 4,700 VND a share.
The selling streak by foreign investors showed no signs of slowing down when they again concluded yesterday as net sellers on the two exchanges, unloading shares worth a combined 71 billion VND (3.4 million USD).-VNA
On the Hochiminh Stock Exchange, the advancers outnumbered the decliners by 118-81 while other 104 codes closed unchanged.
Blue chips lost momentum, tempering the market's rise.
Only 11 out of the 30 shares with the highest market value and liquidity gained while nine lost, keeping the VN30 a little lower than the previous session at 646.44 points.
Domestic investors increased buying in mid-cap and penny stocks like Vietnam Electricity Construction Joint Stock Corporation (VNE) and Petroleum Equipment Assembly & Metal Structure (PXS) pushing prices up to the ceiling.
Others such as Sacom Development & Investment Corporation (SAM), Petrovietnam Transportation Corporation (PVT), Vietnam - Italy Company (VIS) and Son Ha International Corporation (SHI) also climbed between 2.8-5.8 percent.
Liquidity continued to decline, however, with the market volume falling 20 percent from August 19, totaling nearly 108 million shares and fund certificates, while value of trades also decreased 30 percent to reach 1.863 trillion VND (88.3 million USD).
FLC Group (FLC) was again the most active stock with 10.7 million shares, finishing unchanged at 13,200 VND per share.
On the Hanoi Stock Exchange, the HNX-Index rose 0.48 percent to end the session at 83.06 points while the gainers outnumbered the losers by 100-88.
Trading also declined here as both market volume and value reduced around 20 percent from a day earlier, totaling 45 million shares worth 590.5 billion VND (28 million USD).
PetroVietnam Construction Corporation (PVX) continued to lead the northern market in volume with 5.7 million shares traded but the share price slipped 2.1 percent to close at 4,700 VND a share.
The selling streak by foreign investors showed no signs of slowing down when they again concluded yesterday as net sellers on the two exchanges, unloading shares worth a combined 71 billion VND (3.4 million USD).-VNA
You should also see
Youths' efforts yield socio-economic fruits
Many activities were carried out across the nation during the Vietnam’s Youth Month, an annual festivity taking place in March to celebrate the establishment of the Ho Chi Minh Communist Youth Union (HCYU), contributing to the nation’s socio-economic development, heard a conference held by the union's Central Committee in Hanoi on April 23.
See more
Business
Ca Mau: Conference connects Vietnamese, Chinese firms
A networking conference was held in the Mekong Delta province of Ca Mau on April 24, in a bid to connect 54 local enterprises, mostly operating in the seafood sector, to their Chinese peers.
Business
Mining Vietnam 2024 opens in Hanoi
The 6th International Mining and Minerals Recovery Exhibition for Vietnam (Mining Vietnam 2024) kicked off in Hanoi on April 24.
Business
Standard Chartered revises down Vietnam’s GDP growth forecast in 2024 to 6%
Standard Chartered Bank has lowered Vietnam’s GDP growth forecast in 2024 to 6% from the previous 6.7% due to lower-than-expected Q1 growth and global trade headwinds.
Business
Auction for gold bullion to continue on April 25
Another bidding session for 16,800 taels of gold bullion will be held on April 25, the State Bank of Vietnam said in a statement.
Business
Over 20,000 products exhibited at Global Sourcing Fair Vietnam 2024
The Global Sourcing Fair Vietnam 2024 hosted by Global Sources kicked off in Ho Chi Minh City on April 24 with the participation of over 400 Vietnamese exhibitors and those from other Asian nations who are showcasing over 20,000 export-standard products across various industries.
