Business

Shares make gains ahead of third quarter earnings data

After a short pause on October 7, shares advanced on the following day on the two markets as investors readied for the release of companies' third quarter earnings reports.
Shares make gains ahead of third quarter earnings data ảnh 1Illustration photo (Source: tinnhanhchungkhoan.vn)

After a short pause on October 7, shares advanced on the following day on the two markets as investors readied for the release of companies' third quarter earnings reports, many betting on positive numbers.

The benchmark VN-Index on the main bourse in HCM City gained over 1.2 percent to close the session at 586.8 points, making up for the 0.3 percent slip on October 7.

On the Hanoi Stock Exchange, the HNX-Index also trimmed losses with an increase of 0.9 percent, ending at 80.4 points on October 8.

Real estate companies attracted a great deal of attention as many of the realty stocks climbed steadily. Of the top 20 property stocks by market value, spanning from 1 trillion VND (44.4 million USD) to 80 trillion VND (3.6 billion USD), 18 gained in value.

FLC Group (FLC), Becamex Infrastructure Development (IJC), Tan Tao Investment Industry (ITA), Hoang Quan Consulting-Trading-Service Real Estate (HQC) and Kinh Bac City Development (IJC) were the biggest gainers with increases of 5-6 percent. These were among the top 10 most active stocks in the HCM City's market on October 8.

FLC was the most active with 12.8 million shares traded, closing up 6 percent at 7,100 VND (0.31 USD) a share.

Most realty stocks increased between 1 percent and 3 percent.

"Real estate and construction companies typically have better earning results at the end of the year since they take more revenues and profits in the accounts," analysts at BIDV Securities Co wrote in a note.

They said the third-quarter earnings would be the focus of the market in October.

Many large-cap stocks also performed well on October 8. Insurer Bao Viet Holdings (BVH), Vietcombank (VCB), logistics Gemadept (GMD), steelmaker Hoa Phat Group (HPG) Vietinbank (CTG) and Sacombank (STB) gained between 3 and 6 percent.

Military Bank (MBB) saw the most foreign trade activity on October 8 as foreign investors bought almost 40.6 million shares worth 643.7 billion VND (28.6 million USD) after foreign holding in this lender increased to 160 million shares. More than 9.3 million MBB shares also changed hands on the stock exchange on October 8, but its price was down 2 percent to close at 15,100 VND (0.67 USD) a share.

Overall market condition was good with 42 percent of trading stocks advancing and 21.5 percent declining.

Liquidity also improved with a total of 247.6 million shares worth 3.7 trillion VND (164.4 million USD) being traded in the two markets in the afternoon, up 25 percent in volume and 14 percent in value over October 7.-VNA

VNA
#shares #benchmark #HNX-Index #realty stocks #third-quarter earnings
Follow VietnamPlus

Related News

Vietnamese shares climb on TPP hopes

Vietnamese shares climb on TPP hopes

Shares climbed on October 5 on the nation's two exchanges on brightening export prospects driven by the Trans Pacific Partnership (TPP) free trade agreement.
Vietnam’s shares lower after two-day rally

Vietnam’s shares lower after two-day rally

Shares fell slightly on October 7 on the country's two exchanges, after strong rises in the previous two sessions, as investors awaited the latest company earnings reports.

See more

Total market sales by the end of February reached 46,153 units, up 39% compared with the same period last year.

VAMA auto sales fell sharply in February

Of the total sales, passenger cars accounted for the largest share with 12,376 units, down 53% month-on-month. Commercial vehicles followed with 6,542 units, a decrease of 37%, while 360 specialised vehicles were sold, down 22% from the previous month.

A refilling station of Petrolimex (Photo: VNA)

Import tariffs on certain fuel products reduced to 0%

Rising tensions in the Middle East, particularly the conflict involving the US, Israel and Iran, have significantly affected the global energy market, especially shipping activity through the Strait of Hormuz – a strategic route for transporting crude oil from the region.

Fishermen raise the national flag before heading out to the sea to affirm Vietnam’s sovereignty over its seas and islands. (Photo: VNA)

Dong Thap promotes IUU awareness from start of fishing season

Gia Thuan commune, located in the eastern part of the province, is a key fishing locality with 563 fishing vessels, including 423 offshore boats and 140 nearshore vessels, producing an average annual catch of over 42,970 tonnes of seafood.

Industrial production surges in the first two months of 2026. (Photo: VNA)

Industrial production posts strong growth in first two months

According to the National Statistics Office (NSO) under the Ministry of Finance, the index of industrial production (IIP) in February was estimated to decrease 18.4% from the previous month but increase 1% year on year. Overall, in the January–February period, the IIP rose 10.4% compared with the same period last year.

A delegation from the Nghe An provincial People’s Committee inspects production and business activities at the VSIP Nghe An Industrial, Urban and Service Park. (Photo:nhandan.vn)

Nghe An steps up reforms to attract FDI

In 2025, the provincial People’s Committee licensed 25 new FDI projects and approved capital adjustments for 20 others, bringing the total newly registered and additional investment to more than 1 billion USD. Many large-scale projects in the Southeast Nghe An Economic Zone have already become operational, contributing to export growth, state budget revenues and job creation.