Vietnamplus

The Vietnam Oil and Gas Group (PetroVietnam) has exceeded its set yearly targets in terms of revenue, profit and state budget contribution two months before the year-end.

Analysts and securities firms are hoping Vietnamese shares will perform better in 2019, but there are still many challenges that will clearly weigh on market sentiment.

A third drop in global crude prices, plus an increasing number of air passengers, is expected to boost the performance of the two biggest airlines Vietnam Airlines and Vietjet.

Market indexes and liquidity suffered a sudden fall in the final trading session last week, meaning that negative signals started to appear following a period of recovery.

Stocks struggled on August 30 morning, but buying force was overwhelming in the afternoon’s session, helping the market rebound.

Vietnamese shares fell on August 9 as strong selling pressure weighed down large-cap stocks and listed firms suffered from negative news of the macro-economy.

Vietnam’s benchmark VN Index marginally surpassed the record high of 1,170 points on March 22 as energy stocks remained upbeat and insurers and agriculture firms performed strongly as well.

Vietnamese stocks are expected to rise further with the benchmark VN-Index forecast to surpass its all-time peak of 1,170 in 2007 on rising investor confidence in the market outlook, analysts said.

Shares are expected to move modestly in the coming two trading sessions as investors settle trading before the Tet (Lunar New Year) holiday, while concerns remain following recent turbulence in global markets.

Vietnamese shares declined on February 8 as investors showed little confidence amid the current volatility of the global markets and the sharp fall in crude prices.

Vietnamese stocks are expected to rise further on expectations of positive corporate earnings reports from the financial-banking sector and a strong inflow of foreign investment, analysts said.

Vietnamese shares finished January 10 on a mixed note, hit by strong profit-taking. Energy shares continued to benefit from rising oil prices.

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.

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.

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.

Stocks on the national exchanges are expected to rise further in the last week of 2017, boosted by positive macro economic development and foreign traders.

PetroVietnam Drilling and Well Services Corporation (PV Drilling) under the Vietnam Oil and Gas Group (PVN) has seen robust signs in its business activities when prices of crude oil improve and the oil drilling market becomes warmer.

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 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.

Vietnamese shares fell on both local exchanges on September 27 as energy, brokerage and bank industries dropped on profit-taking.