Vietnamplus

Shares closed the week on a positive note as large caps, especially Vinamilk, extended gains on the two national stock exchanges.

Shares slowed down during November 9 afternoon’s trade but still closed higher thanks to rallies of several major stocks and strong buys by foreign traders.

Shares advanced for a third session on the HCM Stock Exchange on November 7 as property developers and energy firms were able to maintain momentum.

Shares closed November 6’s trading on a positive note following last week’s gains thanks to expansion of large-cap stocks.

Despite a strong rebound on November 3, Vietnamese shares are expected to remain sluggish this week given a lack of business information and market dependence on large-cap shares.

Large-cap companies continued to drive shares on the HCM Stock Exchange up on November 3, but analysts warned of market volatility over investor worries about the market’s dependence on blue chips.

Investment management funds have been active in trading on the HCM Stock Exchange recently, focusing on mid-cap stocks.

Shares declined on the HCM Stock Exchange on November 2 as the market was hit by poor investor confidence due to a lack of supportive information and by intraday profit-taking.

The Investment and Industrial Development Corporation (Becamex IDC) will float over 311.2 million shares, equivalent to 23.63 percent of its charter capital, in its initial public offering (IPO) on De

Shares rebounded on the HCM Stock Exchange on November 1 as large-cap stocks returned to positive territory. The overall market trading conditions remained negative, however, and signaled more volatility in the near future.

Shares declined on the HCM Stock Exchange on October 31 as large-cap stocks were hit by profit-taking after the market advanced for two consecutive sessions.

Shares ended on a positive note for a second day on the HCM Stock Exchange on October 30 as energy firms and some construction companies continued to perform well.

The benchmark VN-Index hit a new 10-year peak on October 27 after big money flowed into large-cap stocks on rising investor confidence in the market outlook.

Vietnam’s benchmark VN Index fell slightly on October 26 as large-cap stocks traded in the negative territory on strong investor selling.

Shares rose for a second day on October 25 on the two national stock exchanges but cautious sentiment still lingered as the market trend was highly dependent on large cap movement.

Shares rebounded on October 24 on the two national stock exchanges after a flop the previous day, propped up by the strong growth of several major large caps.

Shares edged down on the two national stock exchanges on October 23, led by large caps which declined steeply under strong profit-taking selling pressure.

Vietnamese shares traded sluggishly last week on the back of large-cap stocks and the current condition is expected to remain in the coming week, according to analysts and brokerage firms.

Shares declined on the HCM Stock Exchange on October 18 as investors looked for short-term profits when the VN Index reached the intraday high of 831 points.

The State Capital Investment Corporation (SCIC) organised a roadshow in Ho Chi Minh City on October 18 to introduce opportunities from the offloading of its 3.33-percent stake at the Vietnam Dairy Products Joint Stock Company (Vinamilk).