Market grows on high liquidity
The VN-Index surpassed the benchmark of 580 points on June 11 as market
liquidity remained high and blue chips drove the market upward.
The VN-Index surpassed the benchmark of 580 points on June 11 as market
liquidity remained high and blue chips drove the market upward.
Gas and real-estate shares helped the market improve, while bank shares continued to decline with half of them falling from June 10 values.
On the HCM Stock Exchange, the VN-Index gained 1.21 percent to finish at 581.05 points with 161 advancers and 62 decliners.
Market liquidity rose from June 10 figures with nearly 166.7 million shares being traded, worth 2.7 trillion VND (124.8 million USD).
Blue chips attracted strong investments. Ocean Group JSC (OGC) and Becamex Infrastructure Development JSC (IJC) hit their ceiling prices at 2,700 VND and 12,000 VND per share.
Real-estate shares attracted large investments from the market. FLC Group (FLC) and HCM City Infrastructure Investment JSC (CII) traded 45 million shares in total, equal to 27 percent of the market trading volume. Both shares rose in market value.
Gas stocks continued to improve. Petrovietnam Gas Corporation (GAS) and Petrovietnam Drilling & Well Service Corporation (PVD) gained 3.94 and 2.8 percent.
Other most powerful shares also had high growths, including Bao Viet Holdings (BVH), Hoa Sen Group (HSG) and Vietnam Dairy Products JSC (VNM) with 3.13, 6.61 and 0.93 percent.
On the Hanoi Stock Exchange, high market liquidity helped HNX-Index grow 0.25 percent to end at 87.72 points, but this growth was less than expected by the investors.
The fall of Asia Commercial Bank (ACB), Petrovietnam Northern Gas JSC (PVG), Drilling Mud Corporation (PVC) and Kim Long Securities JSC (KLS) limited market growth.
In total, the northern bourse traded nearly 73 million shares, worth 994 billion VND (46 million USD).
FIT Investment JSC (FIT) was the most active share on the market with more than 10 million of its shares being traded. The share also made a high gain of 5.59 percent to close at 17,000 VND.
There were also five other codes, each traded more than three million shares, including Petroleum Technical Services Corporation (PVS) and Petrovietnam Construction JSC (PVX).
Foreign investors on June 11 reduced total net sell value on the southern market by 97 percent to 33.7 billion VND (1.56 million USD) and increased the net buy value on the northern bourse by 47 percent to 11.3 billion VND (524,000 USD).-VNA
Gas and real-estate shares helped the market improve, while bank shares continued to decline with half of them falling from June 10 values.
On the HCM Stock Exchange, the VN-Index gained 1.21 percent to finish at 581.05 points with 161 advancers and 62 decliners.
Market liquidity rose from June 10 figures with nearly 166.7 million shares being traded, worth 2.7 trillion VND (124.8 million USD).
Blue chips attracted strong investments. Ocean Group JSC (OGC) and Becamex Infrastructure Development JSC (IJC) hit their ceiling prices at 2,700 VND and 12,000 VND per share.
Real-estate shares attracted large investments from the market. FLC Group (FLC) and HCM City Infrastructure Investment JSC (CII) traded 45 million shares in total, equal to 27 percent of the market trading volume. Both shares rose in market value.
Gas stocks continued to improve. Petrovietnam Gas Corporation (GAS) and Petrovietnam Drilling & Well Service Corporation (PVD) gained 3.94 and 2.8 percent.
Other most powerful shares also had high growths, including Bao Viet Holdings (BVH), Hoa Sen Group (HSG) and Vietnam Dairy Products JSC (VNM) with 3.13, 6.61 and 0.93 percent.
On the Hanoi Stock Exchange, high market liquidity helped HNX-Index grow 0.25 percent to end at 87.72 points, but this growth was less than expected by the investors.
The fall of Asia Commercial Bank (ACB), Petrovietnam Northern Gas JSC (PVG), Drilling Mud Corporation (PVC) and Kim Long Securities JSC (KLS) limited market growth.
In total, the northern bourse traded nearly 73 million shares, worth 994 billion VND (46 million USD).
FIT Investment JSC (FIT) was the most active share on the market with more than 10 million of its shares being traded. The share also made a high gain of 5.59 percent to close at 17,000 VND.
There were also five other codes, each traded more than three million shares, including Petroleum Technical Services Corporation (PVS) and Petrovietnam Construction JSC (PVX).
Foreign investors on June 11 reduced total net sell value on the southern market by 97 percent to 33.7 billion VND (1.56 million USD) and increased the net buy value on the northern bourse by 47 percent to 11.3 billion VND (524,000 USD).-VNA
You should also see
Vuong Dinh Hue permitted to cease holding positions, working
The 13th Party Central Committee on April 26 agreed to let Vuong Dinh Hue cease holding the positions of Politburo member, member of the 13th Party Central Committee, and Chairman of the 15th National Assembly (NA) in the 2021 - 2026 tenure.
See more
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.
Business
Vietnam makes initial efforts to approach creative industries: CIEM
Vietnam has made initial efforts to approach creative industries and services, particularly a policy framework related to creative economy development, according to a new report released by the Central Institute for Economic Management (CIEM).
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.
