Shares open this week in the black
The VN-Index on the southern bourse managed to exceed the 580-point
level on March 10, adding 3.94 points, or 0.68 percent, to end at 583.69
points.
The VN-Index on the southern bourse managed to exceed the 580-point
level on March 10, adding 3.94 points, or 0.68 percent, to end at 583.69
points.
The gains were mainly registered by blue chip companies, such as Vinamilk (VNM), real estate giant Vingroup (VIC), Vietcombank (VCB), and Masan Group (MSN). Bao Viet Group (BVH) also gained and speculative stocks were also active.
Tracking the 30 largest stocks by capitalisation and liquidity, the VN30-Index advanced 0.67 percent to end at 655.8 points with gainers overwhelming losers by 17-7.
The same day, the government agreed that the Kien Luong Thermoelectric Project of the Tan Tao Energy Joint Stock Company should be shifted from build-own-operate to build-operate-transfer practice. This decision means that the Tan Tao Group (ITA) will continue to implement the 6.7-billion USD project. Shares of the Tan Tao Group (ITA) soared 5.7 percent to its ceiling price of 8,700 VND (0.4 USD) per share and nearly 19 million shares were traded.
The Bao Viet Group (BVH), Masan Group (MSN), and Vinamilk (VNM) added 1,000 VND (0.047 USD) per share.
Losers included big names, such as PetroVietnam Transportation Corporation (PVT), PetroVietnam Drilling (PVD), Becamex IJC (IJC), and Da Nang Rubber Corporation (DRC).
The southern bourse witnessed a balance in demand and supply with selling pressure easing. Overall, 155 codes added value, while 82 codes dropped.
As more than 145 million shares changed hands, the trading value totalled more than 2 trillion VND (95 million USD), which was slightly lower than last week.
With gains registered by speculative stocks, the benchmark indices on the Hanoi Exchange were seen closing higher on March 10.
The HNX-Index added 0.53 percent to reach 82.24 points, while the HNXFF-Index, composed of stocks with a minimum free-float rate of 5 percent, closed at 82.22 points, rising by 0.72 percent on March 10.
Tracking the top 30 shares, the HNXFF-Index advanced 1.08 percent to end at 164.82 points.
Liquidity on the bourse remained at a high level, as more than 90 million shares changed hands with a total value of 883.7 billion VND (42 million USD).
Stocks of the real estate and construction sector, such as Hoang Anh Gia Lai (HAG), FLC Group (FLC), and Hoang Quan Real Estate Corporation (HQC) posted huge gains. In addition, many stocks of Song Da's members reached their ceiling prices.
After the market posted gains for four consecutive trading days, investors should be cautious as the market can face losses as it enters a new point band, according to Viet Nam Investment Securities.-VNA
The gains were mainly registered by blue chip companies, such as Vinamilk (VNM), real estate giant Vingroup (VIC), Vietcombank (VCB), and Masan Group (MSN). Bao Viet Group (BVH) also gained and speculative stocks were also active.
Tracking the 30 largest stocks by capitalisation and liquidity, the VN30-Index advanced 0.67 percent to end at 655.8 points with gainers overwhelming losers by 17-7.
The same day, the government agreed that the Kien Luong Thermoelectric Project of the Tan Tao Energy Joint Stock Company should be shifted from build-own-operate to build-operate-transfer practice. This decision means that the Tan Tao Group (ITA) will continue to implement the 6.7-billion USD project. Shares of the Tan Tao Group (ITA) soared 5.7 percent to its ceiling price of 8,700 VND (0.4 USD) per share and nearly 19 million shares were traded.
The Bao Viet Group (BVH), Masan Group (MSN), and Vinamilk (VNM) added 1,000 VND (0.047 USD) per share.
Losers included big names, such as PetroVietnam Transportation Corporation (PVT), PetroVietnam Drilling (PVD), Becamex IJC (IJC), and Da Nang Rubber Corporation (DRC).
The southern bourse witnessed a balance in demand and supply with selling pressure easing. Overall, 155 codes added value, while 82 codes dropped.
As more than 145 million shares changed hands, the trading value totalled more than 2 trillion VND (95 million USD), which was slightly lower than last week.
With gains registered by speculative stocks, the benchmark indices on the Hanoi Exchange were seen closing higher on March 10.
The HNX-Index added 0.53 percent to reach 82.24 points, while the HNXFF-Index, composed of stocks with a minimum free-float rate of 5 percent, closed at 82.22 points, rising by 0.72 percent on March 10.
Tracking the top 30 shares, the HNXFF-Index advanced 1.08 percent to end at 164.82 points.
Liquidity on the bourse remained at a high level, as more than 90 million shares changed hands with a total value of 883.7 billion VND (42 million USD).
Stocks of the real estate and construction sector, such as Hoang Anh Gia Lai (HAG), FLC Group (FLC), and Hoang Quan Real Estate Corporation (HQC) posted huge gains. In addition, many stocks of Song Da's members reached their ceiling prices.
After the market posted gains for four consecutive trading days, investors should be cautious as the market can face losses as it enters a new point band, according to Viet Nam Investment Securities.-VNA
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