Decline continues on both bourses
Shares decreased slightly on both national stock bourses on October 11 afternoon.
Shares decreased slightly on both national stock bourses on October 11 afternoon.
On the HCM City Stock Exchange, the VN-Index lost 0.06 percent to finish the day at 494.53 points.
More than 53.52 million shares changed hands with a total value of 841.47 billion VND (40 million USD), 25 percent lower than the trading session on October 10.
Despite the VN-Index dropping, the VN30-Index, tracking the southern city's top shares in terms of capitalisation and liquidity, gained 0.05 percent to reach 552.16 points.
Losers overwhelmed gainers by 9-7. However, with higher increasing rates, gainers succeeded to raise the VN-Index on October 12.
Especially, Gemadebt Corporation (GMD), a logistic company, gained 2.7 percent to reach 26,700 VND (1.27 USD) per share and Vietcombank (VCB) was 0.15 percent higher at 28,800 VND (1.7 USD).
Meanwhile nine stocks lost between 100 VND and 200 VND per share.
On the Hanoi Stock Exchange, the HNX-Index slid 0.17 percent to finish at 60.63 points with a total value of 181.86 billion VND (8.66 million USD) on an exchange of 22.85 million shares.
The HNX-Index, representing the capital city's leading shares, was 0.35 percent lower at 112.47 points.
Foreign investors continued to conclude the day as net buyers with a value of 70.39 billion VND (3.35 million USD).
According to Alan T. Phan, an economist at VinaCapital Group, as quoted by Dau Tu Chung Khoan, Vietnam 's stock market was among the top five markets in terms of investment attractiveness in the world despite the trend that investors were withdrawing capital from emerging markets.
From the beginning of this month, foreign capital flow into Vietnam 's stock market showed improvements with foreign investors remaining net buyers.
Investors were also awaiting news on regulations that would increase room for foreign investors in securities and banking sectors.
According to an analyst at BIDV Securities, in the first nine months of this year, investors tended to shift their investments to blue chips with good business results.
The company pointed out that in the top 20 shares, which included shares with growth rates of 30 percent and daily average trading volumes of more 80,000 shares from the same period last year, only PetroVietnam Fertiliser and Chemicals Corporation (DPM) were blue chips.
However, there were six blue chips in the list of the first nine months this year, including GAS, PPC, PVD, HPG, REE and VNM.-VNA
On the HCM City Stock Exchange, the VN-Index lost 0.06 percent to finish the day at 494.53 points.
More than 53.52 million shares changed hands with a total value of 841.47 billion VND (40 million USD), 25 percent lower than the trading session on October 10.
Despite the VN-Index dropping, the VN30-Index, tracking the southern city's top shares in terms of capitalisation and liquidity, gained 0.05 percent to reach 552.16 points.
Losers overwhelmed gainers by 9-7. However, with higher increasing rates, gainers succeeded to raise the VN-Index on October 12.
Especially, Gemadebt Corporation (GMD), a logistic company, gained 2.7 percent to reach 26,700 VND (1.27 USD) per share and Vietcombank (VCB) was 0.15 percent higher at 28,800 VND (1.7 USD).
Meanwhile nine stocks lost between 100 VND and 200 VND per share.
On the Hanoi Stock Exchange, the HNX-Index slid 0.17 percent to finish at 60.63 points with a total value of 181.86 billion VND (8.66 million USD) on an exchange of 22.85 million shares.
The HNX-Index, representing the capital city's leading shares, was 0.35 percent lower at 112.47 points.
Foreign investors continued to conclude the day as net buyers with a value of 70.39 billion VND (3.35 million USD).
According to Alan T. Phan, an economist at VinaCapital Group, as quoted by Dau Tu Chung Khoan, Vietnam 's stock market was among the top five markets in terms of investment attractiveness in the world despite the trend that investors were withdrawing capital from emerging markets.
From the beginning of this month, foreign capital flow into Vietnam 's stock market showed improvements with foreign investors remaining net buyers.
Investors were also awaiting news on regulations that would increase room for foreign investors in securities and banking sectors.
According to an analyst at BIDV Securities, in the first nine months of this year, investors tended to shift their investments to blue chips with good business results.
The company pointed out that in the top 20 shares, which included shares with growth rates of 30 percent and daily average trading volumes of more 80,000 shares from the same period last year, only PetroVietnam Fertiliser and Chemicals Corporation (DPM) were blue chips.
However, there were six blue chips in the list of the first nine months this year, including GAS, PPC, PVD, HPG, REE and VNM.-VNA
You should also see
Lang Son province seeks global status for local geopark
A dossier has been built by the People’s Committee of the northern mountainous province of Lang Son to seek the UNESCO recognition of Lang Son Geopark as a global one.
See more
Business
Overseas remittances to HCM City record highest increase in three years
Overseas remittances to Ho Chi Minh City exceeded 2.86 billion USD in the first quarter of 2024, an annual increase of 35.4% and the highest recorded in three consecutive years.
Business
Thu Duc city seeks investment in 11 PPP projects
Authorities of Thu Duc city, Ho Chi Minh City, held a conference on April 17 to draw investment in 11 public-private partnership (PPP) projects in the fields of education, culture and sports, with a total capital of over 2 trillion VND (83.3 million USD).
Videos
Real estate market thrives, entities ready to re-enter market
The real estate market has witnessed positive developments, with a slew of projects, including billion-dollar projects, being announced and called for investment in the first quarter of 2024.
Business
Forum discusses support for women-owned firms to join supply chains
A forum on supporting women-owned businesses to join supply chains through sustainable development tools took place in Hanoi on April 17.
Business
Satisfaction of administrative services improves
Vietnamese citizens had greater satisfaction with the administrative services provided by State agencies last year, according to the Satisfaction Index of Public Administration Services (SIPAS) 2023 announced by the Ministry of Home Affairs (MoHA) on April 17.
