Vietnamese shares ended the first trading session of the week (January 8) on a positive note as financial-banking, energy and rubber sectors led the market upturn on expectations for good earnings reports.
Vietnam's stock market is forecast to keep rising in the short term but a few corrections may be necessary to re-balance the market after a long rally.
Shares extended gains on the two national stock exchanges as rising capital inflow was poured into the banking and energy sectors on high Q4 earnings expectations and positive development on the global oil market.
Stocks ended the first trading day of 2018 in the green on the two national stock exchanges, reflecting investors’ optimism about the market outlook this year.
The first trading session of Vietnam’s stock market in 2018 was marked with a ceremony held by the State Securities Commission and the Hanoi Stock Exchange (HNX) on January 2.
Vietnam’s benchmark stock index, VN-Index, could exceed 1,300 points in 2018 due to the positive outlook for the country’s economic growth and a strong inflow of foreign investment.
The Power Generation Corporation 3 (Genco 3) will put more than 267 million shares, accounting for 12.8 percent of its charter capital, up for sale in its IPO in February 2018.
Vietnam’s benchmark VN Index rose to a 10-year high on December 28, boosted by financial stocks that are expected to deliver positive earnings reports for the past quarter and the whole year.
Vietnam's benchmark VN Index increased for a fourth straight session on December 27 on investor confidence in both the corporate sector and the country’s overall economy in the fourth quarter.
Vietnam’s stock market and fund certificate value reached 3.36 quadrillion VND (148.17 billion USD) in 2017, equivalent to 74.6 percent of the country’s GDP.
Vietnamese shares closed on December 26 on a positive note as large-cap stocks were boosted by expectations for better quarterly earnings and rising oil prices.
Shares concluded the week in opposite directions on the two stock exchanges on December 22 as investor confidence weakened on an unstable market outlook.
Shares declined on the two national stock exchanges on December 21, dragged by bank stocks, as investor sentiment remained unstable on the market outlook.
Shares rebounded on December 20 after a brief fall on December 19, boosted by energy and bank stocks on investors’ expectation of positive Q4 earnings from these companies.
Shares declined on the two national stock exchanges on December 19, dragged by the slump of brewer Sabeco, but cash flow remained strong which opened an opportunity for a recovery in the next session.
The Ministry of Industry and Trade (MoIT) on December 18 sold all of its 343.6 million shares or a 53.6 percent stake of the Saigon Beer, Alcohol and Beverage Corporation (Sabeco), receiving an estimated 110 trillion VND (4.89 billion USD).
Shares on both local markets advanced further towards the end of December 18 afternoon session on solid investor confidence following the successful Sabeco share auction, as well as the recovery of major large-cap stocks.
Vietnamese shares ended on December 15 on different notes, with investors’ confidence mixed on the last day in which exchange-traded funds (ETFs) completed their portfolio reviews.
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