Indices fall ahead of holidays
Investors lifted market volume and value on the HCM City Stock Exchange
on April 26 afternoon, despite stocks faltering towards the end of the
session.
Investors lifted market volume and value on the HCM City Stock Exchange
on April 26 afternoon, despite stocks faltering towards the end of the
session.
In HCM City , the VN-Index settled previous session down 0.56 percent at 470.21 points, although advancers outnumbered decliners by 135-106.
Blue chips tumbled as 20 of the 30 leading shares by market value and liquidity declined, sending the VN30 Index to 538.1 points, down 0.86 percent from April 25.
Market value jumped 35 percent, however, totalling 1.75 trillion VND (83.3 million USD) with 96.3 million shares exchanged.
The market remained upbeat but many investors decided to sell shares to take profits ahead of the holiday next week, FPT Securities Co analysts wrote in a research note.
"Like previous corrections, the profit-taking sales turned out to be buying opportunities for others," they said.
Shares in minerals companies were again the heaviest gainers, with most hitting their ceiling prices on April 25. They included Binh Dinh Minerals (BMC), Nari Hamico Minerals (KSS), Ha Giang Minerals (HGM), Tay Bac Minerals Investment (KTB), Binh Thuan Hamico Mineral (KSA) and TTA2704. Lao Cai Mineral Exploitation & Processing (LCM).
These shares gained a lot since last week, and analysts said that high cash dividends were the main reason for this speculative wave. HGM paid last year's cash dividend at a rate of 80 percent while BMC paid 50 percent.
SACOM Development and Investment Corp (SAM) was still the most active stock on a volume of 4.8 million shares, rising 4.3 percent to end at VND 9,700.
On the Hanoi Stock Exchange, the HNX-Index lost over 1 percent to close the previous session at 78.74 points. Trading value decreased slightly to 776.6 billion VND (37 million USD) on a total volume of 75 million shares.
Losers edged gainers by a margin of 149-126.
Habubank (HBB) again secured its position as the most heavily-traded stock nationwide with nearly 13.3 million shares changing hands, closing up 1.4 percent at 7,100 VND.
Foreign investors continued to be net buyers on both exchanges, picking up a combined 46.6 billion VND (2.2 million USD) worth of shares.-VNA
In HCM City , the VN-Index settled previous session down 0.56 percent at 470.21 points, although advancers outnumbered decliners by 135-106.
Blue chips tumbled as 20 of the 30 leading shares by market value and liquidity declined, sending the VN30 Index to 538.1 points, down 0.86 percent from April 25.
Market value jumped 35 percent, however, totalling 1.75 trillion VND (83.3 million USD) with 96.3 million shares exchanged.
The market remained upbeat but many investors decided to sell shares to take profits ahead of the holiday next week, FPT Securities Co analysts wrote in a research note.
"Like previous corrections, the profit-taking sales turned out to be buying opportunities for others," they said.
Shares in minerals companies were again the heaviest gainers, with most hitting their ceiling prices on April 25. They included Binh Dinh Minerals (BMC), Nari Hamico Minerals (KSS), Ha Giang Minerals (HGM), Tay Bac Minerals Investment (KTB), Binh Thuan Hamico Mineral (KSA) and TTA2704. Lao Cai Mineral Exploitation & Processing (LCM).
These shares gained a lot since last week, and analysts said that high cash dividends were the main reason for this speculative wave. HGM paid last year's cash dividend at a rate of 80 percent while BMC paid 50 percent.
SACOM Development and Investment Corp (SAM) was still the most active stock on a volume of 4.8 million shares, rising 4.3 percent to end at VND 9,700.
On the Hanoi Stock Exchange, the HNX-Index lost over 1 percent to close the previous session at 78.74 points. Trading value decreased slightly to 776.6 billion VND (37 million USD) on a total volume of 75 million shares.
Losers edged gainers by a margin of 149-126.
Habubank (HBB) again secured its position as the most heavily-traded stock nationwide with nearly 13.3 million shares changing hands, closing up 1.4 percent at 7,100 VND.
Foreign investors continued to be net buyers on both exchanges, picking up a combined 46.6 billion VND (2.2 million USD) worth of shares.-VNA
You should also see
Vietnam urged to build legal corridor for AI industry
Vietnam needs a policy on artificial intelligence (AI) to help this industry develop strongly, while minimising risks, according to insiders.
See more
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.
Business
Vietnam attends Asia’s biggest food, hospitality expo in Singapore
Five Vietnamese enterprises operating in the fields of food and hospitality are attending the Food & Hotel Asia (FHA) 2024 which is taking place in Singapore from April 23-26.
Business
SBV takes more actions to stabilise foreign exchange rates
The State Bank of Vietnam (SBV) on April 23 took some moves like issuing treasury bills (T-bills), further employing T-bills as an open market operation (OMO), and stipulating liquidity and interest rates in the inter-bank market in the face of surging USD/VND exchange rates.
Business
Businesses concerned about rising exchange rate pressure
Though the State Bank of Vietnam (SBV) has announced it is selling the US dollar to intervene in the USD/VND exchange rate since April 19, the greenback price has remained high, which has been directly affecting many domestic enterprises.
