Shares rally in HCM City, retreat in Hanoi
The VN-Index rose 0.8 percent on Sept. 15 to close at 470.67 points,
gaining back some ground lost in the previous day’s session.
The VN-Index rose 0.8 percent on Sept. 15 to close at 470.67 points,
gaining back some ground lost in the previous day’s session.
Meanwhile, the value of trades on the HCM Stock Exchange remained essentially unchanged from Sept. 14, reaching about 1.3 trillion VND (62.8 million USD) on a volume of 70.6 million shares.
Among leading shares, insurer Bao Viet Holdings (BVH), solfware giant FPT and food processor Masan (MSN) all rose to their ceiling prices, while Saigon Securities Inc (SSI) was the most active share during the session, seeing 2.5 million exchanged before closing at 21,000 VND per share, a gain of 1.9 percent.
Meanwhile, on the Hanoi Stock Exchange, the HNX-Index retreated by 1.2 percent on Sept. 15 to 76.37 points, with decliners outpacing advancers by 249-56. The value of trades fell 34 percent to 727.5 billion VND (35.1 million USD), meanwhile volume also dropped by 32 percent to just 64.6 million shares.
Kim Long Securities Co (KLS) was the most active share nationwide, with around 6.4 million traded. KLS ended the session at 12,600 VND per share, a decline of 2.3 percent.
Foreign investors were net sellers in HCM City on Sept. 15 for a fourth consecutive session, posting a net of 166 billion VND (8 million USD), while they were net buyers in Hanoi by a margin of only 5.6 billion VND (270,500 USD).
While many investors were worrying about corporate financial reports in the third quarter, Nguyen Quang Minh, an analyst for the financial information website vietstock.vn. said that recent positive movements on inflation and monetary policy would both improve business performance and make more capital available for investment on the market.
An Phuc Securities Investment Fund Management Co. analyst Truong Nguyen The Bao said on Sept. 15 that the VN-Index was in a new growth period, and offered a prediction that it would reach 500-550 points by the end of the year.
“I think the Vietnamese market still poses some short-term risks, but opportunities for long-term investment have also materialized,” added Le Van Thanh Long from Viet Finance Co./.
Meanwhile, the value of trades on the HCM Stock Exchange remained essentially unchanged from Sept. 14, reaching about 1.3 trillion VND (62.8 million USD) on a volume of 70.6 million shares.
Among leading shares, insurer Bao Viet Holdings (BVH), solfware giant FPT and food processor Masan (MSN) all rose to their ceiling prices, while Saigon Securities Inc (SSI) was the most active share during the session, seeing 2.5 million exchanged before closing at 21,000 VND per share, a gain of 1.9 percent.
Meanwhile, on the Hanoi Stock Exchange, the HNX-Index retreated by 1.2 percent on Sept. 15 to 76.37 points, with decliners outpacing advancers by 249-56. The value of trades fell 34 percent to 727.5 billion VND (35.1 million USD), meanwhile volume also dropped by 32 percent to just 64.6 million shares.
Kim Long Securities Co (KLS) was the most active share nationwide, with around 6.4 million traded. KLS ended the session at 12,600 VND per share, a decline of 2.3 percent.
Foreign investors were net sellers in HCM City on Sept. 15 for a fourth consecutive session, posting a net of 166 billion VND (8 million USD), while they were net buyers in Hanoi by a margin of only 5.6 billion VND (270,500 USD).
While many investors were worrying about corporate financial reports in the third quarter, Nguyen Quang Minh, an analyst for the financial information website vietstock.vn. said that recent positive movements on inflation and monetary policy would both improve business performance and make more capital available for investment on the market.
An Phuc Securities Investment Fund Management Co. analyst Truong Nguyen The Bao said on Sept. 15 that the VN-Index was in a new growth period, and offered a prediction that it would reach 500-550 points by the end of the year.
“I think the Vietnamese market still poses some short-term risks, but opportunities for long-term investment have also materialized,” added Le Van Thanh Long from Viet Finance Co./.
You should also see
InfographicCommemoration of Hung Kings - Gathering the spirit of patriotism
The Commemoration of the Hung Kings and the Hung Kings Temple Festival are among the most important festivals of the year for Vietnamese people. The worship of the Hung Kings is not only part of the cultural identity of the Vietnamese community but has also transcended national boundaries to become an Intangible Cultural Heritage of Humanity.
See more
Business
Forum discusses support for women-owned firms to join supply chains
A forum on supporting women-owned businesses to join supply chains through sustainable development tools took place in Hanoi on April 17.
Business
Satisfaction of administrative services improves
Vietnamese citizens had greater satisfaction with the administrative services provided by State agencies last year, according to the Satisfaction Index of Public Administration Services (SIPAS) 2023 announced by the Ministry of Home Affairs (MoHA) on April 17.
Business
Petrol prices increase slightly on April 17
The retail prices of petrol were adjusted up from 3pm on April 17 by the Ministry of Industry and Trade and the Ministry of Finance.
Business
Central Highlands provinces seek closer trade, investment ties with India
A business and investment conference was held in Dak Lak province’s Buon Ma Thuot city on April 17 with the aim of enhancing connectivity between Indian firms and Central Highlands provinces.
Business
Foreign purchasers show interest in five product groups of Vietnam
Foreign hypermarkets, retail distributors and international buying group registering to join the Vietnam International Sourcing 2024 have shown interest in five groups of Vietnamese products, namely foodstuff, textiles and fashion accessories; shoes, backpacks, bags and accessories; sporting goods and equipment; and household appliances and furniture.
