Steel, seafood stocks spark rally
The VN-Index fell slightly in early
trading on March 9 but recovered late in the session to close at
527.27, an overall gain on the day of 1.8 percent.
The VN-Index fell slightly in early
trading on March 9 but recovered late in the session to close at
527.27, an overall gain on the day of 1.8 percent.
The results marked the fifth straight day of rising sessions on the HCM Stock Exchange.
The value of trades reached 2.7 trillion VND (141.4 million USD), an increase of 17 percent over the previous session’s value on a volume of 61.2 million shares. Sacombank (STB) was the most-active share on the southern bourse, with over 2.6 million shares changing hands.
On the Hanoi Stock Exchange, the HNX-Index also increased by 0.86 percent, ending the session at 172.70. Volume rose by nearly 15 percent to over 33 million shares, while value advanced by over 22 percent to 1.14 trillion VND (59.7 million USD).
Notably, investment capital seemed to shift from finance shares to steel and seafood shares. Sacombank (STB) and Saigon Securities Inc (SSI) stalled with negligible value increase, while steel producer Hoa Sen Group (HSG), seafood processor Hung Vuong Corp (HVG), Mekongfishco (AAM) and Aquatex Ben Tre (ABT) all hit their ceiling prices.
“Steel and seafood shares increased thanks to recent supporting information such as steel price increase of 600,000 VND (31.4 USD) per tonne from beginning of March and bright export potential of seafood products,” said Le Hoa, a HCM City-based independent analyst.
Foreign investors continued to be net buyers on March 9 on the both bourses, responsible for a net buy of nearly 4 million shares, worth a combined over 235 billion VND (12.3 million USD)./.
The results marked the fifth straight day of rising sessions on the HCM Stock Exchange.
The value of trades reached 2.7 trillion VND (141.4 million USD), an increase of 17 percent over the previous session’s value on a volume of 61.2 million shares. Sacombank (STB) was the most-active share on the southern bourse, with over 2.6 million shares changing hands.
On the Hanoi Stock Exchange, the HNX-Index also increased by 0.86 percent, ending the session at 172.70. Volume rose by nearly 15 percent to over 33 million shares, while value advanced by over 22 percent to 1.14 trillion VND (59.7 million USD).
Notably, investment capital seemed to shift from finance shares to steel and seafood shares. Sacombank (STB) and Saigon Securities Inc (SSI) stalled with negligible value increase, while steel producer Hoa Sen Group (HSG), seafood processor Hung Vuong Corp (HVG), Mekongfishco (AAM) and Aquatex Ben Tre (ABT) all hit their ceiling prices.
“Steel and seafood shares increased thanks to recent supporting information such as steel price increase of 600,000 VND (31.4 USD) per tonne from beginning of March and bright export potential of seafood products,” said Le Hoa, a HCM City-based independent analyst.
Foreign investors continued to be net buyers on March 9 on the both bourses, responsible for a net buy of nearly 4 million shares, worth a combined over 235 billion VND (12.3 million USD)./.
You should also see
Millions of children in Vietnam protected by vaccination over 40 years: UN agencies
Millions of children in Vietnam have been protected by immunisation over the past 40 years, said the World Health Organisation (WHO) and UNICEF offices in Vietnam on April 25 when they mark the World Immunisation Week from April 24-30.
See more
Business
Vietnam-Singapore trade on the rise since start of 2024
Trade between Vietnam and Singapore topped 2.54 billion SGD (1.87 billion USD) in March, rising 4.29% year on year, according to the Trade Office of Vietnam in the city state.
Business
Petrol prices decrease slightly on April 25
The retail prices of petrol were adjusted down from 3pm on April 25 by the Ministry of Industry and Trade and the Ministry of Finance.
Business
Vietnamese canned sugarcane juice favoured in US
The first cases of Vietnamese canned sugarcane juice have hit supermarket shelves in Miami, the US state of Florida.
Business
Labels on foods exported to Singapore must be accurate: Trade counselor
Counsellor Cao Xuan Thang, head of the Vietnam Trade Office in Singapore, has advised Vietnamese exporters to pay attention to labeling pre-packaged food products to ensure their credibility and image of businesses when exporting to the Singaporean market.
Business
April 25 gold bullion auction cancelled
The State Bank of Vietnam (SBV) has announced that it canceled the gold bullion auction scheduled for April 25 morning as only one business submitted its bidding form.
