Early information on third-quarter business results that companies will release beginning this week is expected to draw more speculative cash flow into the Vietnamese stock market.
According to analysts at the financial website vietstock.vn, cash flow will tend to focus on stocks that will likely post positive earnings results, such as those of oil and gas, securities, real estate and construction groups, as well as ports and logistics companies.
Some of these groups, particularly securities, real estate and construction companies, were the main support of both markets last week, which saw investors pouring money into their stocks in hopes of taking advantage of early information on their business results.
"Investors will pay more attention to blue chips this week as these stocks are usually the earliest companies to report earnings," said Nguyen Duc Cuong, a vietstock.vn analyst.
The green light returned to both stock exchanges last week after two consecutive weeks of decline. Liquidity also improved because of strong speculative cash flow.
At the Hochiminh Stock Exchange, the VN-Index gained a cumulative 1.1 percent during the week, closing at 611.55 points on October 3, while the VN30, which tracks the performance of the top 30 shares by market value and liquidity, also rose by 0.72 percent to end at 659.25 points.
Profit-taking activity was still strong on several heavyweight stocks like Vinamilk, PV Gas and PetroVietnam Drilling and Wells Service Corporation, but the growth of other blue chips helped sustain the market.
Market volume increased by more than 26 percent over that of the previous week, averaging 167 million shares worth nearly 3.1 trillion VND (147 million USD) per session.
At the Hanoi Stock Exchange, the HNX-Index added two percent to finish the week at 90.32 points. The daily trading volume also rose by nearly 13 percent over that of the previous week to reach 81 million shares worth 1.15 trillion VND (54.5 million USD).
In contrast to domestic investors, the foreign sector sold out and concluded as net sellers last week. They were still net buyers on the Hanoi Stock Exchange, picking up shares worth 33 billion VND (1.6 million USD). But they were responsible for a net sales value of 338 billion VND (16 million USD) on the HCM City stock market.
Foreign investors focused their purchases on influential stocks like VinGroup, as well as PV Gas, Vietcombank, Sai Gon Securities Inc. and Hoa Sen Group.
According to analysts, the current uptrend is unstable, as shown by the large fluctuation range in previous sessions. However, since liquidity remained high and gainers still outnumbered losers, the market is expected to continue attracting more speculative money.-VNA
According to analysts at the financial website vietstock.vn, cash flow will tend to focus on stocks that will likely post positive earnings results, such as those of oil and gas, securities, real estate and construction groups, as well as ports and logistics companies.
Some of these groups, particularly securities, real estate and construction companies, were the main support of both markets last week, which saw investors pouring money into their stocks in hopes of taking advantage of early information on their business results.
"Investors will pay more attention to blue chips this week as these stocks are usually the earliest companies to report earnings," said Nguyen Duc Cuong, a vietstock.vn analyst.
The green light returned to both stock exchanges last week after two consecutive weeks of decline. Liquidity also improved because of strong speculative cash flow.
At the Hochiminh Stock Exchange, the VN-Index gained a cumulative 1.1 percent during the week, closing at 611.55 points on October 3, while the VN30, which tracks the performance of the top 30 shares by market value and liquidity, also rose by 0.72 percent to end at 659.25 points.
Profit-taking activity was still strong on several heavyweight stocks like Vinamilk, PV Gas and PetroVietnam Drilling and Wells Service Corporation, but the growth of other blue chips helped sustain the market.
Market volume increased by more than 26 percent over that of the previous week, averaging 167 million shares worth nearly 3.1 trillion VND (147 million USD) per session.
At the Hanoi Stock Exchange, the HNX-Index added two percent to finish the week at 90.32 points. The daily trading volume also rose by nearly 13 percent over that of the previous week to reach 81 million shares worth 1.15 trillion VND (54.5 million USD).
In contrast to domestic investors, the foreign sector sold out and concluded as net sellers last week. They were still net buyers on the Hanoi Stock Exchange, picking up shares worth 33 billion VND (1.6 million USD). But they were responsible for a net sales value of 338 billion VND (16 million USD) on the HCM City stock market.
Foreign investors focused their purchases on influential stocks like VinGroup, as well as PV Gas, Vietcombank, Sai Gon Securities Inc. and Hoa Sen Group.
According to analysts, the current uptrend is unstable, as shown by the large fluctuation range in previous sessions. However, since liquidity remained high and gainers still outnumbered losers, the market is expected to continue attracting more speculative money.-VNA
