Blue chips lead stock market surge
Shares advanced on both national stock exchanges on January 13, with the
benchmark in the southern bourse exceeding the 520-point level thank to
blue chips' support.
Shares advanced on both national stock exchanges on January 13, with the
benchmark in the southern bourse exceeding the 520-point level thank to
blue chips' support.
The VN-Index gained 0.42 percent to reach 521.11 points. However, investors were showing caution, with liquidity strongly declining over the January 10 trading.
Nearly 80 million shares worth 1.14 trillion VND (54.28 million USD) changed hands on January 13.
Of the southern bourse's 30 largest stocks by capitalisation and liquidity, losers overwhelmed gainers by 12-9, but the VN30-Index increased 0.08 percent to 576.61 points.
The increase was due to gains from shares of PetroVietnam, including PetroVietnam Drilling (PVD) which rose 2,000 VND (about 10 cent) per share to 66,500 VND (3.16 USD). PetroVietnam Low Pressure Gas Distribution (PGD) increased 1,100 VND to 39,600 VND per share and PetroVietnam Chemicals and Fertilisers Company (DPM) went up 500 VND per share to 42,900 VND.
Other advancers included Southern Rubber Company (CSM), Da Nang Rubber Company (DRC), FPT Group (FPT), Kinh Do (KDC), Hoa Phat Group (HPG) and Sai Gon Securities (SSI).
SSI was the most active stock in the securities sector yesterday, leading the bourse in liquidity with nearly four million shares traded.
Of the blue chips, Vinamilk (VNM) lost 1,000 VND, Vietcombank (VCB) lost 300 VND and Bao Viet Group (BVH) was down 400 VND per share the same day.
Shares managed to rebound on the northern bourse, with the HNX-Index closing 0.4 per cent higher at 71.05 points.
The HNXFF-Index, composed of stocks with the minimum free float rate of 5 percent, edged up 0.28 percent to 70.88 points.
The total trading value reached 419 billion VND on the exchange of more than 47.48 million shares.
The HNX30-Index, comprised of the capital city's top shares, finished 0.64 percent higher to reach 135.78 points.
Foreign investors concluded yesterday as net buyers, purchasing stocks worth 86.8 billion VND.
Since the beginning of this year, foreign buyers poured 368 billion VND (17.52 million USD) into the Vietnam stock market with a focus on buying blue chips such as PetroVietnam Gas (GAS), Masan Group (MSN) and Vietcombank (VCB).
According to FPT Securities, the upward trend would continue in the medium term.-VNA
The VN-Index gained 0.42 percent to reach 521.11 points. However, investors were showing caution, with liquidity strongly declining over the January 10 trading.
Nearly 80 million shares worth 1.14 trillion VND (54.28 million USD) changed hands on January 13.
Of the southern bourse's 30 largest stocks by capitalisation and liquidity, losers overwhelmed gainers by 12-9, but the VN30-Index increased 0.08 percent to 576.61 points.
The increase was due to gains from shares of PetroVietnam, including PetroVietnam Drilling (PVD) which rose 2,000 VND (about 10 cent) per share to 66,500 VND (3.16 USD). PetroVietnam Low Pressure Gas Distribution (PGD) increased 1,100 VND to 39,600 VND per share and PetroVietnam Chemicals and Fertilisers Company (DPM) went up 500 VND per share to 42,900 VND.
Other advancers included Southern Rubber Company (CSM), Da Nang Rubber Company (DRC), FPT Group (FPT), Kinh Do (KDC), Hoa Phat Group (HPG) and Sai Gon Securities (SSI).
SSI was the most active stock in the securities sector yesterday, leading the bourse in liquidity with nearly four million shares traded.
Of the blue chips, Vinamilk (VNM) lost 1,000 VND, Vietcombank (VCB) lost 300 VND and Bao Viet Group (BVH) was down 400 VND per share the same day.
Shares managed to rebound on the northern bourse, with the HNX-Index closing 0.4 per cent higher at 71.05 points.
The HNXFF-Index, composed of stocks with the minimum free float rate of 5 percent, edged up 0.28 percent to 70.88 points.
The total trading value reached 419 billion VND on the exchange of more than 47.48 million shares.
The HNX30-Index, comprised of the capital city's top shares, finished 0.64 percent higher to reach 135.78 points.
Foreign investors concluded yesterday as net buyers, purchasing stocks worth 86.8 billion VND.
Since the beginning of this year, foreign buyers poured 368 billion VND (17.52 million USD) into the Vietnam stock market with a focus on buying blue chips such as PetroVietnam Gas (GAS), Masan Group (MSN) and Vietcombank (VCB).
According to FPT Securities, the upward trend would continue in the medium term.-VNA
You should also see
Japanese Ambassador bids farewell to Acting President
Acting State President Vo Thi Anh Xuan on April 24 hosted a reception for Japanese Ambassador to Vietnam Yamada Takio who came to bid farewell to her.
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.
