Indices rise as volume falls
National stock indices turned around on Sept. 16 with HCM City 's
VN-Index up 0.18 percent at 449.52 and Hanoi 's HNX-Index up 0.94
percent at 128.4.
National stock indices turned around on Sept. 16 with HCM City 's
VN-Index up 0.18 percent at 449.52 and Hanoi 's HNX-Index up 0.94
percent at 128.4.
On the VN-Index, gainers outnumbered losers by 112-86. Bao Viet Holdings (BVH) rose 0.83 percent, Hoa Phat Group (HPG) 0.53 percent, Tan Tao Industrial Park (ITA) 0.53 percent, and Ocean Group (OGC) 2.94 percent.
The market volume was 8.3 percent lower than the previous session to 35.2 million shares, valued at 918.2 billion VND (47.1 million USD). OGC continued as the most active for the second day, with 3.24 million shares. Foreign trades accounted for 62.5 percent of total OGC volume with the shares up 2.9 percent to 35,000 VND.
Foreign investors were active in the market, picking up 2 million shares valued at 69.4 billion VND (3.6 million USD).
The unknown fate of Circular 13 governing bank reserves had made domestic investors hesitant in the first half of the session, despite rises on the world's major stock exchanges, said Le Dinh Cong, a market analyst of a Hanoi-based financial institute, pointing to the 1 percent decline of banking stocks.
"Investors seem expecting a surprise from the circular revision, although they were informed that not much had changed and that the deadline of implementation remained unchanged," Cong said.
Meanwhile, Cao Sy Kiem, member of the National Financial Supervisory Committee, said Circular 13 should be implemented as planned as it would help commercial banks ensure the stable development.
He said that blaming Circular 13 for the stock markets' performance was wrong. Stock markets hadn't operated on their main function as a channel to raise medium- and long-term capital, but had provided opportunities for speculation.
On the Hanoi market, the HNX-Index edged up 0.94 percent to 128.4, on a total volume of 26.03 million shares.
Value was maintained at 635.5 billion VND (32.6 million USD).
Among the 10 largest capitalised stocks were five advancers, including PetroVietnam Insurance (PVI) up 0.51 percent, SHB Securities (SHS) up 0.64 percent, and Bao Viet Securities (BVS) up 0.5 percent.
PetroVietnam Construction (PVX) posted the biggest volume of 3.06 million shares with the price unchanged.
Foreign profit-takers sold 100,000 shares./.
On the VN-Index, gainers outnumbered losers by 112-86. Bao Viet Holdings (BVH) rose 0.83 percent, Hoa Phat Group (HPG) 0.53 percent, Tan Tao Industrial Park (ITA) 0.53 percent, and Ocean Group (OGC) 2.94 percent.
The market volume was 8.3 percent lower than the previous session to 35.2 million shares, valued at 918.2 billion VND (47.1 million USD). OGC continued as the most active for the second day, with 3.24 million shares. Foreign trades accounted for 62.5 percent of total OGC volume with the shares up 2.9 percent to 35,000 VND.
Foreign investors were active in the market, picking up 2 million shares valued at 69.4 billion VND (3.6 million USD).
The unknown fate of Circular 13 governing bank reserves had made domestic investors hesitant in the first half of the session, despite rises on the world's major stock exchanges, said Le Dinh Cong, a market analyst of a Hanoi-based financial institute, pointing to the 1 percent decline of banking stocks.
"Investors seem expecting a surprise from the circular revision, although they were informed that not much had changed and that the deadline of implementation remained unchanged," Cong said.
Meanwhile, Cao Sy Kiem, member of the National Financial Supervisory Committee, said Circular 13 should be implemented as planned as it would help commercial banks ensure the stable development.
He said that blaming Circular 13 for the stock markets' performance was wrong. Stock markets hadn't operated on their main function as a channel to raise medium- and long-term capital, but had provided opportunities for speculation.
On the Hanoi market, the HNX-Index edged up 0.94 percent to 128.4, on a total volume of 26.03 million shares.
Value was maintained at 635.5 billion VND (32.6 million USD).
Among the 10 largest capitalised stocks were five advancers, including PetroVietnam Insurance (PVI) up 0.51 percent, SHB Securities (SHS) up 0.64 percent, and Bao Viet Securities (BVS) up 0.5 percent.
PetroVietnam Construction (PVX) posted the biggest volume of 3.06 million shares with the price unchanged.
Foreign profit-takers sold 100,000 shares./.
You should also see
Hanoi ceremony celebrates 70th anniversary of Geneva Agreement
The Ministry of Foreign Affairs held a ceremony in Hanoi on April 25 to mark 70 years since the signing of the Geneva Agreement on the Cessation of Hostilities in Vietnam - an important milestone in the struggle for national liberation of the Vietnamese people and a great victory of the Vietnamese diplomatic sector.
See more
Business
Vietnam-Singapore trade on the rise since start of 2024
Trade between Vietnam and Singapore topped 2.54 billion SGD (1.87 billion USD) in March, rising 4.29% year on year, according to the Trade Office of Vietnam in the city state.
Business
Petrol prices decrease slightly on April 25
The retail prices of petrol were adjusted down from 3pm on April 25 by the Ministry of Industry and Trade and the Ministry of Finance.
Business
Vietnamese canned sugarcane juice favoured in US
The first cases of Vietnamese canned sugarcane juice have hit supermarket shelves in Miami, the US state of Florida.
Business
Labels on foods exported to Singapore must be accurate: Trade counselor
Counsellor Cao Xuan Thang, head of the Vietnam Trade Office in Singapore, has advised Vietnamese exporters to pay attention to labeling pre-packaged food products to ensure their credibility and image of businesses when exporting to the Singaporean market.
Business
April 25 gold bullion auction cancelled
The State Bank of Vietnam (SBV) has announced that it canceled the gold bullion auction scheduled for April 25 morning as only one business submitted its bidding form.
