Both bourses see improved value
The market made a spirited comeback on October 16 as two benchmark
indices reversed losses of the previous day to finish the session with
improved value.
The market made a spirited comeback on October 16 as two benchmark indices reversed losses of the previous day to finish the session with improved value.
On the HCM Stock Exchange, trading value jumped 32.8 percent from October 15's level to 555.2 billion VND (26.4 million USD) as trading volume spiked to nearly 41.2 million shares.
The VN-Index added 1.96 percent to close at 399.22 points. Around two-thirds of the listed stocks finished in the green.
The VN30, representing the city's top shares, also climbed 2.24 percent, reaching 471.68 points, while none of the shares it tracks tumbled.
Encouragingly, nine hit their daily increase limit, mostly real estate and financial stocks such as Dic Corp (DIG), Becamex (IJC), Tan Tao (ITA), Tu Liem Urban Development (NTL), Ocean Group (OGC) and PetroVietnam Finance (PVF).
Securities shares on the Hanoi Stock Exchange, including PetroVietnam Securities (PSI), Wall Street Securities (WSS), Bao Viet Securities (BVS) and VNDirect (VND), also showed a strong performance.
Despite the market upheavals, some brokerages still managed to earn profits in the third quarter, including Sai Gon Securities Inc (SSI), HCM City Securities (HCM), VietCapital, VNDirect and Bao Viet.
The HNX-Index rose 2.4 percent to 56.28 points. Gainers outnumbered losers by 186-48.
Market value increased 47.6 percent compared to the previous trading day, leaping to 263.9 billion VNA (12.5 million USD) with 38 million shares changing hands.
Blue chips on the northern bourse pushed the HNX30, comprised of the 30 leading shares by capitalisation and liquidity, up 4.4 percent to 106.81 points.-VNA
On the HCM Stock Exchange, trading value jumped 32.8 percent from October 15's level to 555.2 billion VND (26.4 million USD) as trading volume spiked to nearly 41.2 million shares.
The VN-Index added 1.96 percent to close at 399.22 points. Around two-thirds of the listed stocks finished in the green.
The VN30, representing the city's top shares, also climbed 2.24 percent, reaching 471.68 points, while none of the shares it tracks tumbled.
Encouragingly, nine hit their daily increase limit, mostly real estate and financial stocks such as Dic Corp (DIG), Becamex (IJC), Tan Tao (ITA), Tu Liem Urban Development (NTL), Ocean Group (OGC) and PetroVietnam Finance (PVF).
Securities shares on the Hanoi Stock Exchange, including PetroVietnam Securities (PSI), Wall Street Securities (WSS), Bao Viet Securities (BVS) and VNDirect (VND), also showed a strong performance.
Despite the market upheavals, some brokerages still managed to earn profits in the third quarter, including Sai Gon Securities Inc (SSI), HCM City Securities (HCM), VietCapital, VNDirect and Bao Viet.
The HNX-Index rose 2.4 percent to 56.28 points. Gainers outnumbered losers by 186-48.
Market value increased 47.6 percent compared to the previous trading day, leaping to 263.9 billion VNA (12.5 million USD) with 38 million shares changing hands.
Blue chips on the northern bourse pushed the HNX30, comprised of the 30 leading shares by capitalisation and liquidity, up 4.4 percent to 106.81 points.-VNA
You should also see
Prime Minister receives ASEAN Secretary-General
Prime Minister Pham Minh Chinh on April 23 hosted a reception for ASEAN Secretary-General Kao Kim Hourn who is paying a working trip to Vietnam and attending the ASEAN Future Forum (AFF) 2024 from April 21-24.
See more
Business
French auction house to open office in Vietnam
France’s Millon Auction House has decided to open its representative office in Vietnam, and is preparing necessary steps for the official opening of the office in the near future.
Business
3,400 taels of SJC-branded gold bars successfully auctioned
The State Bank of Vietnam auctioned 16,800 taels of SJC-branded gold bars in Hanoi on April 23. This is the first auction of this kind in 11 years.
Business
HCM City seeks to draw remittances in infrastructure
A seminar aimed at channeling overseas remittances into infrastructure took place in Ho Chi Minh City on April 23, given that remittances to the city reached 9.46 billion USD in 2023, nearly three times higher than foreign direct investment (FDI), according to official statistics.
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.
