Wednesday, March 3, 2021 1:09:11 PM - Markets open
VN-INDEX 1,183.04 -3.57/-0.30%
HNX-INDEX 251.67 +3.73/+1.50%
UPCOM-INDEX 78.03 +0.58/+0.75%
Shares reach one-year peak on banking stocks
Vietnam News - 12/17/2020 3:34:09 PM
 (0 ratings. You must sign in to rate.)
Vietnamese shares set a new one-year high on Wednesday, propelled by buoyant banking stocks.
The benchmark VN-Index on the Hồ Chí Minh Stock Exchange gained 1.11 per cent to end the trading session at 1,066.99 points.
The index lost 0.83 per cent to end Tuesday's trading session at 1,055.27 points.
Nearly 592 million shares were traded on the southern bourse, worth VNĐ11.9 trillion (US$516.3 million).
Market breadth was positive with 296 gainers and 134 decliners.
“The VN-Index increased gradually from the beginning of the morning session to the end of the afternoon session and has now surpassed the threshold of 1,065 points,” said BIDV Securities Co.
“Foreign investors were net sellers on both HoSE and HNX. Besides, market breadth turned positive and liquidity declined compared to the previous session. According to our assessment, the VN-Index may reach 1,070 in the next session,” it said.
Foreigners net sold VNĐ219.1 billion on HOSE, including PAN Group (PAN) with VNĐ91 billion, Hoà Phát Group (HPG) with VNĐ83.9 billion and SSI Securities Co (SSI) with VNĐ39.2 billion. They were net sellers on the HNX with a value of VNĐ640 million.
The large-cap tracker VN30-Index was up 1.65 per cent to 1,029.72 points.
Twenty-three of the 30 large-cap stocks in the VN30 basket increased while three decreased.
Banking stocks maintained their gains until the end of Wednesday's session, strongly supporting the indices. The best performers in the group included Bank for Investment and Development (BID), Vietinbank (CTG), Military Bank (MBB), Techcombank (TCB), HDBank (HDB), VPBank (VPB) and Vietcombank (VCB).
Nineteen out of 25 sectors indices on the stock market gained ground, including seafood processing, construction, logistics, wholesale, real estate, retail, insurance, IT, energy, banking, food and beverage and construction materials.
They gained between 0.1 and 2.1 per cent.
On the opposite side, losers were rubber production, securities and healthcare.
On the Hà Nội Stock Exchange, the HNX-Index rose 2.23 per cent to end Wednesday at 171.62 points.
The index had gained 1.28 per cent to close Tuesday at 167.87 points.
More than 93 million shares were traded on the northern market, worth VNĐ1.3 trillion. — VNS
Read original article here
Newer News
26/02 Investment funds in Việt Nam remain optimistic despite poor performance
20/01 VN-Index suffers big loss, liquidity exceeds 1 bln USD
06/01 Number of new securities trading accounts reaches record high
30/12 Shares advance on high demand, VN-Index nearing 1,100 points
28/12 Vietnam’s GDP growth estimated at 2.91 pct this year
25/12 Stocks collapse on worries about system failure
Older News
15/12 Financial stocks boost markets
10/12 VN stocks rebound, focus switches to banking, securities firms
07/12 Market’s uptrend may weaken after five consecutive gaining weeks
01/12 VAFI says no to increase the minimum trading lot to 100 shares.
27/11 VN-Index hits one-year high of 1,000 points
24/11 VN stocks remain upbeat, rally extends for 5th day
24/11 Realty stocks are attractive: experts
18/11 Margin trading should be allowed on UPCoM
16/11 Market rally to go on, corporate earnings in the sight
11/11 Trading value on HNX up 16.5 per cent in October
Newsletter Signup
Top Stories
Number of new securities trading accounts reaches record high
Trade surplus posts record high since 2016
Reference exchange rate up 1 VND on June 5
Reference exchange rate up 6 VND on December 10
Reference exchange rate continue going down
Market Update
Last updated at 1:05:01 PM
VN-INDEX 1,183.04 -3.57/-0.30%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.