Index idle on mixed trading
The VN-Index on Sept. 10 edged up 0.76 percent to close at 540.19 points, in continued mixed trading on the HCM Stock Exchange.
The VN-Index on Sept. 10 edged up 0.76 percent to close at 540.19 points, in continued mixed trading on the HCM Stock Exchange.
Trading volume fell slightly to 51.5 million shares on a total revenue of 2.4 trillion VND (134.8 million USD). Sacombank (STB) was the most active share, with a volume of 4.3 million, representing 8 percent of the total market volume on the day.
On the Hanoi Stock Exchange on Sept. 10, the HNX-Index closed little changed at 167.34 points, a negligible gain of 0.19 percent, as banking shares Asia Commercial Bank (ACB) and Sai Gon-Hanoi Bank (SHB) also lost ground.
Trading volume on the northern bourse improved slightly to 28 million shares, worth a combined 911.1 billion VND (51.2 million USD). Kim Long Securities (KLS) continued as market leader, with 2.3 million shares changing hands, followed closely by Vinaconex Group (VCG), with 1.7 million.
There were few factors supporting market growth in the short term, as global stock markets – especially US and Chinese exchanges – were still facing potential instability, while domestic good news, from positive corporate results to a higher credit growth target affirmed by the State Bank and another possible economic stimulus package, were all reflected in current share prices, said the Kim Eng Securities Co analysis department.
The company changed its rating for the VN-Index from ‘buy’ to ‘hold’. But a Kim Eng report said it was still optimistic about long-term prospects of the domestic bourse and might raise its assessment from ‘hold’ to ‘buy’ within the next few months.
On the HCM City exchange on Sept. 10, net sales by foreign investors narrowed to 13.5 billion VND (758,400 VND) from Sept. 9’s 77.3 billion VND (4.3 million USD), on a net volume of 810,300 shares.
In Hanoi , foreign investors continued as net buyers of 495,600 shares, worth a total of 19.3 billion VND (1.1 million USD)./.
Trading volume fell slightly to 51.5 million shares on a total revenue of 2.4 trillion VND (134.8 million USD). Sacombank (STB) was the most active share, with a volume of 4.3 million, representing 8 percent of the total market volume on the day.
On the Hanoi Stock Exchange on Sept. 10, the HNX-Index closed little changed at 167.34 points, a negligible gain of 0.19 percent, as banking shares Asia Commercial Bank (ACB) and Sai Gon-Hanoi Bank (SHB) also lost ground.
Trading volume on the northern bourse improved slightly to 28 million shares, worth a combined 911.1 billion VND (51.2 million USD). Kim Long Securities (KLS) continued as market leader, with 2.3 million shares changing hands, followed closely by Vinaconex Group (VCG), with 1.7 million.
There were few factors supporting market growth in the short term, as global stock markets – especially US and Chinese exchanges – were still facing potential instability, while domestic good news, from positive corporate results to a higher credit growth target affirmed by the State Bank and another possible economic stimulus package, were all reflected in current share prices, said the Kim Eng Securities Co analysis department.
The company changed its rating for the VN-Index from ‘buy’ to ‘hold’. But a Kim Eng report said it was still optimistic about long-term prospects of the domestic bourse and might raise its assessment from ‘hold’ to ‘buy’ within the next few months.
On the HCM City exchange on Sept. 10, net sales by foreign investors narrowed to 13.5 billion VND (758,400 VND) from Sept. 9’s 77.3 billion VND (4.3 million USD), on a net volume of 810,300 shares.
In Hanoi , foreign investors continued as net buyers of 495,600 shares, worth a total of 19.3 billion VND (1.1 million USD)./.
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
Long An, Japan's Okayama city explore cooperation opportunities
Leaders of Vietnam’s southern Long An province and Japan’s Okayama city engaged in a dialogue on April 26 to discuss cooperation between the two localities.
Business
Investor confidence gains traction on improved business climate
Better investment climate, with simplified administrative producers and special incentives, has helped improve investor confidence, thus catalysing investments from a wider pook of both domestic and international investors for socio-economic development.
Business
Vietnam’s rice exports may exceed 2024 target
With positive results recorded so far, Vietnam can exceed its target of 7.6 million tonnes in rice export volume set for 2024, Nguyen Ngoc Nam, Chairman of the Vietnam Food Association, said at a conference in the Mekong Delta city of Can Tho on April 26.
Business
Ample room for Quang Ninh to attract FDI
The northeastern province of Quang Ninh has ample room to attract foreign direct investment (FDI) and realise the goal of attracting 3 billion USD in FDI this year and 10 billion USD in the 2020-2025 period.
Business
Long An, Dong Nai introduce strengths in RoK
The southern province of Long An and Dong Nai introduced their investment climate as well as socio-economic development orientations at an investment promotion conference held in the Republic of Korea (RoK) on April 26.
