Stocks extend gains as blue chips rally
Stocks climbed for the second day on both exchanges on December 23, but
growth slowed towards the end of the session due to fear of a bull-trap.
Stocks climbed for the second day on both exchanges on December 23, but
growth slowed towards the end of the session due to fear of a bull-trap.
On the Hochiminh Stock Exchange, the benchmark VN-Index inched up just 0.06 percent to close at 537.88 points.
Blue chips were again the market momentum as many large-cap stocks gained value, including Bao Viet Holdings (BVH), Masan Group (MSN), Sacombank (STB) and Vietcombank (VCB).
The VN30, which tracks the top 30 shares by market value and liquidity, rose 0.35 percent to end at 589.61 points.
According to many analysts, investors were cautious as the government planned to announce economic data forecasts within the next few days.
The market condition was negative with losers outnumbering gainers by 123-80. Liquidity jumped, however, with over 110 million shares worth 3.462 trillion VND (161.8 million USD) traded, up 10 percent in volume and 50 percent in value compared with the previous day's levels.
Financial Ocean Group (OGC) concluded the session as the most active code on trades of 10.6 million shares, but the share price declined 6.5 percent to end at 7,200 VND.
On the Hanoi Stock Exchange, the HNX-Index closed up 0.16 percent at 82.42 points on modest turnover of 418.4 billion VND (19.6 million USD). Liquidity also improved as both market volume and value climbed 20 percent over the previous session, totaling 50 million shares worth 685.3 billion VND (32 million USD).
KLF Joint Venture Global Investment Co (KLF) was again the most heavily-traded stock with 11.3 million shares traded, but the price plummeted 5.93 percent to 11,100 VND.
Foreign investors remained net buyers in both markets, responsible for a combined net sell value of 104 billion VND (4.9 million USD) worth of shares.-VNA
On the Hochiminh Stock Exchange, the benchmark VN-Index inched up just 0.06 percent to close at 537.88 points.
Blue chips were again the market momentum as many large-cap stocks gained value, including Bao Viet Holdings (BVH), Masan Group (MSN), Sacombank (STB) and Vietcombank (VCB).
The VN30, which tracks the top 30 shares by market value and liquidity, rose 0.35 percent to end at 589.61 points.
According to many analysts, investors were cautious as the government planned to announce economic data forecasts within the next few days.
The market condition was negative with losers outnumbering gainers by 123-80. Liquidity jumped, however, with over 110 million shares worth 3.462 trillion VND (161.8 million USD) traded, up 10 percent in volume and 50 percent in value compared with the previous day's levels.
Financial Ocean Group (OGC) concluded the session as the most active code on trades of 10.6 million shares, but the share price declined 6.5 percent to end at 7,200 VND.
On the Hanoi Stock Exchange, the HNX-Index closed up 0.16 percent at 82.42 points on modest turnover of 418.4 billion VND (19.6 million USD). Liquidity also improved as both market volume and value climbed 20 percent over the previous session, totaling 50 million shares worth 685.3 billion VND (32 million USD).
KLF Joint Venture Global Investment Co (KLF) was again the most heavily-traded stock with 11.3 million shares traded, but the price plummeted 5.93 percent to 11,100 VND.
Foreign investors remained net buyers in both markets, responsible for a combined net sell value of 104 billion VND (4.9 million USD) worth of shares.-VNA
You should also see
PM calls on ASEAN to pen strategic development vision
The Association of Southeast Asian Nations (ASEAN) should have a strategic and comprehensive vision, and improve its resilience capacity to grasp opportunities and handle global headwinds for stable and sustainable development, Prime Minister Pham Minh Chinh said on April 23.
See more
Business
Capital shortage - headache for construction firms
Domestic construction companies will continue to face difficulties in the second quarter of this year with capital shortage top of their problems, a report has revealed.
Business
An Giang bosters border economy
The Mekong Delta province of An Giang, billed as an economic centre that links Ho Chi Minh city, Can Tho city and Cambodia’s Phnom Penh, has paid due attention to developing border trade and logistics infrastructure so as to tap its border economic potential.
Business
Corporate bond maturity in 2024 remains high: MoF
The volume of corporate bonds maturing in 2024, though lower than that in 2023, is till at a high level, mostly in industries with payment risks such as real estate and renewable energy, according to a report by the Ministry of Finance (MoF).
Business
Vietnam - an enticing destination for foreign investors: IMF expert
Vietnam is an attractive destination for foreign investors thanks to its high, stable growth, large domestic market and young, well-educated human resources, said Paulo Medas, head of the International Monetary Fund (IMF) team to Vietnam at the Annual Meetings of the IMF and the World Bank Group (WB) held recently in the US.
Business
More efforts needed to maintain export growth to China: Insiders
Exporters should further strengthen trade connections and improve the quality of their goods to sustain export growth to China as this is no longer a "lenient" market, said insiders.
