High-portfolio stocks lift VN-Index
Stocks climbed for a fourth day on the HCM City Stock Exchange, tracking
strong gains made by heavyweight codes in May 31's session.
Stocks climbed for a fourth day on the HCM City Stock Exchange, tracking
strong gains made by heavyweight codes in May 31's session.
The VN-Index rose 2.25 percent to close at 421.37 points.
The value of the day's trading was modest at 388.7 billion VND (18.5 million USD) on a volume of 22.8 million shares.
All 10 largest capitalised shares achieved substantial gains, with Phu My Fertiliser (DPM) surging the maximum regulated 5 percent. Food trader Masan Group (MSN) was up 4.7 percent, property developer Vincom (VIC) up 4.7 percent, insurer Bao Viet Holdings (BVH) up 4.5 percent and resort developer Vinpearlland (VPL) up 4.2 percent.
Other blue chips also made gains, including Eximbank (EIB) up 0.7 percent, PetroVietnam Finance (PVF) up 1.5 percent, property developer Hoang Anh Gia Lai (HAG) up 2.6 percent, VietinBank (CTG) up 2.7 percent, Vietcombank (VCB) up 3.7 percent and fertiliser producer Phu My (DPM) up 5 percent.
The most active stock was Saigon Securities Inc (SSI) with nearly 2 million shares traded.
On the Hanoi Stock Exchange, the HNX-Index fell 0.19 percent to finish at 69.48 points.Value remained in the doldrums at 299.2 billion VND (14.2 million USD), with 28.6 million shares changing hands. PetroVietnam Construction (PVX) was the most heavily traded stock, closing up 2 percent with 3.1 million shares traded.
Foreign investors concluded yesterday as net buyers in both domestic markets, picking up 1.5 million shares with a value of 32.5 billion VND (1.5 million USD)./.
The VN-Index rose 2.25 percent to close at 421.37 points.
The value of the day's trading was modest at 388.7 billion VND (18.5 million USD) on a volume of 22.8 million shares.
All 10 largest capitalised shares achieved substantial gains, with Phu My Fertiliser (DPM) surging the maximum regulated 5 percent. Food trader Masan Group (MSN) was up 4.7 percent, property developer Vincom (VIC) up 4.7 percent, insurer Bao Viet Holdings (BVH) up 4.5 percent and resort developer Vinpearlland (VPL) up 4.2 percent.
Other blue chips also made gains, including Eximbank (EIB) up 0.7 percent, PetroVietnam Finance (PVF) up 1.5 percent, property developer Hoang Anh Gia Lai (HAG) up 2.6 percent, VietinBank (CTG) up 2.7 percent, Vietcombank (VCB) up 3.7 percent and fertiliser producer Phu My (DPM) up 5 percent.
The most active stock was Saigon Securities Inc (SSI) with nearly 2 million shares traded.
On the Hanoi Stock Exchange, the HNX-Index fell 0.19 percent to finish at 69.48 points.Value remained in the doldrums at 299.2 billion VND (14.2 million USD), with 28.6 million shares changing hands. PetroVietnam Construction (PVX) was the most heavily traded stock, closing up 2 percent with 3.1 million shares traded.
Foreign investors concluded yesterday as net buyers in both domestic markets, picking up 1.5 million shares with a value of 32.5 billion VND (1.5 million USD)./.
You should also see
Energy industry needs nearly 5 trillion VND of investment in 2021-2030
The total investment capital demand for the whole energy sector in the 2021-2030 period is between 4.13-4.8 trillion VND (163.01-189.46 million USD), according to a plan to implement the National Power Planning in the 2021-2030 period with a vision to 2050.
See more
Business
HCM City wants to become major partner, customer of NVIDIA: Official
Chairman of the People’s Committee of Ho Chi Minh City Phan Van Mai has told the Vice President of Worldwide AI Initiative at NVIDIA, Keith Strier that the city wants to become a major and good partner and customer of the firm in Vietnam.
Business
Revenue on top five e-commerce platforms jumps 79%
The e-commerce market of Vietnam was robust in the first quarter of this year with total revenue of the top five platforms, including Shopee, TikTok Shop, Lazada, Tiki and Sendo, reaching more than 71 trillion VND (2.79 billion USD), an increase of 79% over the same period last year, according to a recent report by Metric.
Business
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).
Business
Cam Lam - Vinh Hao Expressway to help drive south-central region's economy
The 78.5km Cam Lam - Vinh Hao Expressway, one of the three sub-projects of the North - South Expressway project’s eastern wing, officially opened to traffic on April 26.
Business
Vietnam needs drastic reforms to create firm ground for economic growth: experts
Drastic institutional reforms are needed to create firm ground for economic growth in the context that persistent challenges, both external and internal, still cloud the growth prospect, experts have said.
