Vietnamplus

Gas station operator Petrolimex is the firm with the highest revenue in the local stock market, according to the business magazine Forbes Vietnam.

Shares declined on the HCM Stock Exchange on the last four days this week, but strong demand from local traders cushioned the market.

Bank stocks cooled down on Wednesday but the benchmark VN-Index still hit a new 10-year peak at 802.78 points, equivalent to an increase of 0.36 percent over the previous session.

Shares rebounded on the two stock exchanges on September 12 after many heavyweight stocks recovered following experts’ predictions of a positive market outlook.

The local stock market underwent a downward correction on September 11 as investors increased selling pressure to seek short-term cash profits following a 10-year peak.

Only about 17 percent of listed companies comply with information disclosure regulations, lower than the figure in 2016, according to the Vietnam Association of Financial Executives (VAFE).

Vietnam’s benchmark VN-Index reached a 10-year high last week on the back of a few blue chips. However, the gain was unstable and the index could face a short-term drop in the coming sessions.

Vietnam’s benchmark VN Index rallied for a seventh session on September 8, driven by leading stocks in real estate, food and beverage, insurance-finance and construction sectors.

Shares rose further on both local exchanges on September 7, boosted by some large-cap stocks, while market trading liquidity showed little improvement to strengthen investor confidence.

It’s expected to be a strong September on the local stock market, as investors are maintaining confidence after positive economic data in August and a period of prolonged net buying by foreign traders.

Shares concluded the final week of August on a positive note on the HCM Stock Exchange, with the benchmark VN-Index expanding 0.76 percent to close on September 1 at 788.73 points.

Money shifted back to financial stocks on August 31 which helped the market extend gains on the HCM Stock Exchange.

Shares rebounded slightly on the HCM Stock Exchange after a bearish session on August 30, propped up by strong growth of real estate and steel stocks.

Shares declined more steeply on August 29 afternoon trading after many heavyweight shares were sold, potentially driven by the withdrawal of an exchange-traded fund (ETF).

Both local stock indices advanced on August 28, with investors pouring money into speculative stocks for short-term profits.

Vietnamese shares have risen during the last three sessions on both the local exchanges, but this rally is not expected to sustain through the last trading week of August.

Vietnam's benchmark VN Index advanced on August 23 from a two-day decline as investors were attracted to cheaper stocks after the market’s recent drops.

Vietnam's benchmark VN Index extended its loss for a second straight session on August 22 as investors remained pessimistic over trading conditions.

Bank stocks strengthened during August 18’s afternoon trade which rescued the VN-Index from another fall as investor sentiment remained fragile.

Local markets were fragile on August 17 after gains in a day earlier, with both indices falling on weakening investor sentiment.