Vietnamplus

Shares dropped on July 20 as blue chip stocks diverged and money flowed to companies releasing solid earnings results.

Bien Hoa Sugar JSC has announced its 300 million shares traded on the HCM Stock Exchange will be delisted to complete the merger with Thanh Thanh Cong Tay Ninh Sugar JSC.

Shares rebounded on July 19 after three consecutive declining sessions but the recovery was fragile on modest liquidity.

Vietnam’s stock market will rise higher in the second half of 2017 provided macro-economic conditions remain positive as they were in the first half, experts have said.

Shares declined further on July 17 as most large-cap stocks slipped on investor caution about a steeper downward correction.

Mixed share performance is expected this week and market sentiment is forecast to remain weak before companies release their second-quarter earnings reports.

Shares advanced for a second straight session in both local markets on July 12 as investor confidence was bolstered by higher crude prices.

Shares rebounded on both local markets on July 11, driven by investors picking up stocks that had fallen to attractive price levels.

Shares slumped in both local markets on July 10 as investor confidence dropped on negative market conditions and sliding oil prices.

The VN-Index declined for the first time in six weeks due to heavy profit-taking pressure, but analysts expect a rebound this week following the release of the second-quarter business earnings.

Saigon Securities Inc (SSI) was the top brokerage by market share on the southern bourse in the second quarter.

Foreign investors posted a net buy value of 9.2 trillion VND (408.9 million USD) in the first half of 2017, beating the record 8 trillion VND made in the first seven months of 2008.

The benchmark VN-Index ticked down 0.88 percent to close at 775.73 points on July 7, stepping down from the 2008 peak recorded in the last trade session due to heavy profit-taking pressure.

The benchmark VN-Index surpassed the short-term resistance of 780 points on July 6, closing up 0.56 percent at 782.65 points, thanks to strong investor confidence in the market outlook.

Shares were mixed on July 4 on the two stock exchanges as traders shifted investments to small- and medium-cap stocks.

Shares rose on July 4 as traders continued to focus on large-cap stocks on expectations of a longer rally.

Expectations of positive corporate earnings reports will lead Vietnamese shares up this week, especially financial-banking stocks, analysts said.

Vietnamese shares extended gains for a second session in both local markets on June 29, driven by the financial sector.

Vietnamese shares rebounded in both local markets on June 28, boosted by investors’ bottom-picking on expectations the market will soon return to an upward trend.

Shares fell in both local markets on June 27 as large-cap stocks were hit by strong profit-taking from investors.