Shares recover from early losses
Vietnamese stock markets halted two days of sharp decline and ended
in the green on November 20, with gainers outnumbering losers three to
one.
Vietnamese stock markets halted two days of sharp decline and ended
in the green on November 20, with gainers outnumbering losers three to
one.
At the HCM Stock Exchange, the VN-Index rose by 0.84 percent to 593.32 points. Trading value reached 2.45 trillion VND (115.5 million USD), a 15.5-percent decline, as trading volume reached 152.6 million shares.
The VN30 Index, representing the performance of the top 30 shares, managed a 0.82-percent increase to 628.80 points largely because of the gains of 21 blue chips. Among them, property developer FLC Group, which hit the ceiling price, had a surge in volume to a record high of more than 50 million shares.
Only four stocks retreated, including Eximbank, Kinh Do Confectionery, Military Bank and property giant Vingroup.
At the Hanoi Stock Exchange, the HNX-Index also rallied by 0.88 percent to 90.43 points. Both trading value and volume decreased over November 19's washout session to reach993.8 VND billion (46.8 million USD) and nearly 66.2 million shares.
The HNX30 Index, tracking the northern bourse's 30 largest stocks, added 0.84 percent to 183.05 points.
Recent information concerning a draft policy on increasingly tightening loans for securities trading has adversely affected investor sentiment.
According to Bao Viet Securities analyst Tran Duc Anh, while the draft has yet to be agreed on and data about bank loans to the stock market have yet to be fully published, investors will remain cautious.
"In addition, the recent increase in the exchange rate, which may be extended, will also have an impact on money in the stock market," Anh said.
He advised investors to sell shares when the market rises to reduce risks. "Bottom-fishing should be considered only when unsupportive information is no longer in effect," Anh added.-VNA
At the HCM Stock Exchange, the VN-Index rose by 0.84 percent to 593.32 points. Trading value reached 2.45 trillion VND (115.5 million USD), a 15.5-percent decline, as trading volume reached 152.6 million shares.
The VN30 Index, representing the performance of the top 30 shares, managed a 0.82-percent increase to 628.80 points largely because of the gains of 21 blue chips. Among them, property developer FLC Group, which hit the ceiling price, had a surge in volume to a record high of more than 50 million shares.
Only four stocks retreated, including Eximbank, Kinh Do Confectionery, Military Bank and property giant Vingroup.
At the Hanoi Stock Exchange, the HNX-Index also rallied by 0.88 percent to 90.43 points. Both trading value and volume decreased over November 19's washout session to reach993.8 VND billion (46.8 million USD) and nearly 66.2 million shares.
The HNX30 Index, tracking the northern bourse's 30 largest stocks, added 0.84 percent to 183.05 points.
Recent information concerning a draft policy on increasingly tightening loans for securities trading has adversely affected investor sentiment.
According to Bao Viet Securities analyst Tran Duc Anh, while the draft has yet to be agreed on and data about bank loans to the stock market have yet to be fully published, investors will remain cautious.
"In addition, the recent increase in the exchange rate, which may be extended, will also have an impact on money in the stock market," Anh said.
He advised investors to sell shares when the market rises to reduce risks. "Bottom-fishing should be considered only when unsupportive information is no longer in effect," Anh added.-VNA
You should also see
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).
See more
Business
Dak Lak firm pioneers in following EUDR in coffee production
The Dak Lak September 2 Import-Export Company Limited (Simexco) has pioneered in building coffee growing areas following the EU Deforestation Regulation (EUDR), it announced on April 25.
Business
Dong Nai calls for Korean investment into green growth
The southern province Dong Nai introduced its investment projects and incentives to the Republic of Korea (RoK)’s firms at a workshop in Seoul on April 25.
Business
Vietnam ranks fifth among aquatic product suppliers for Singapore
Vietnam jumped one place to become the fifth largest exporter of aquatic products to Singapore for the first time in the first quarter of this year, according to its Trade Office in the city state.
Business
Forum seeks ways to boost exports amid external challenges
Experts gathered at a forum in Ho Chi Minh City on April 25 to seek ways to untangle knots in terms of capital and market for exporters in the context that the ongoing conflicts in many regions are disrupting international trade.
Business
Enterprises want clearer regulations on seafood production
It is necessary to develop more detailed and consistent regulations on seafood production for export in line with the implementation of solutions towards sustainable and responsible fishing practices, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
