Friday, August 1, 2025 12:29:48 AM - Markets open
VN-INDEX 1,502.52 -5.11/-0.34%
HNX-INDEX 266.34 +4.83/+1.85%
UPCOM-INDEX 105.79 +0.68/+0.65%
Energy firms drive VN market
Vietnam News - 5/19/2020 1:39:43 PM
 (0 ratings. You must sign in to rate.)
Strong gains of oil futures on Monday helped boost the Vietnamese stock market after a three-day decline.
 
The benchmark VN-Index on the Hồ Chí Minh Stock Exchange was up 1.21 per cent to end at 837.01 points.
 
The benchmark index had fallen a total of nearly 1.0 per cent in the previous three days.
 
The HNX-Index on the Hà Nội Stock Exchange dropped 0.45 per cent to close at 108.54 points.
 
The northern market index has lost a total of nearly 3.0 per cent in the last three days.
 
More than 310 million shares were traded on the two exchanges, worth VNĐ4.93 trillion (US$211.3 million).
 
The market was lifted by a positive performance among energy firms on the rapid growth of crude futures.
 
US crude WTI and Brent futures soared 8.87 per cent and 6.22 per cent, respectively, to trade at $32.04 and $34.52 a barrel.
 
Việt Nam’s energy and mining sector index gained nearly 2.0 per cent, according to vietstock.vn.
 
The sector was propelled by PetroVietnam Gas (GAS), PetroVietnam Drilling and Well Services (PVD), and PetroVietnam Technical Services (PVS), which rose between 1.5 per cent and 4.3 per cent.
 
Retailers, building material producers, banks and brokerage firms were the other strong performers on Monday.
 
Steel producer Hòa Phát (HPG) soared 6.8 per cent after the company on Friday announced its revenue may rise 31-39 per cent on-year in 2020 to VNĐ85-90 trillion.
 
Post-tax profit is expected to increase by 18-32 per cent on-year to VNĐ9-10 trillion. The dividend payout rate is set at 25 per cent for 2020, including a 20 per cent cash dividend and 5 per cent share dividend.
 
Among banking-financial and retail stocks that advanced, VPBank (VPB) jumped 5.2 per cent, Vietcombank (VCB) gained 3.3 per cent, and VietCapital Securities (VCI) and Mobile World Investment (MWG) leaped by 1.4 per cent.
 
Large-cap stocks were still the main driving factor, Thành Công Securities (TCSC) said in its daily report.
 
Trading liquidity remained high, proving that market sentiment was stable and cash supply abundant, the company said.
 
The short-term peak of the market was still forecast at 850-860 points as investors were willing to buy in whenever stocks were sold at low prices, TCSC said. — VNS
 
Read original article here
 
 
Newer News
29/07 Some proposes CIT top rate of 35 per cent to be removed to encourage productivity
29/07 Long Thành poised to join Asia’s next generation of mega airports: OAG
28/07 Steel sector turns to domestic market amid export difficulties
23/07 US reviews anti-dumping, countervailing duties on certain Vietnamese products
23/07 PM urges stronger investment in waterway transport to boost logistics
23/07 Việt Nam emerges as potential new star in global AI landscape
17/07 Việt Nam’s credit conditions to remain stable in H2 2025
17/07 Circular economy seen as key to sustainable agriculture
11/07 Car sales increase sharply in June
09/07 UOB raises Việt Nam’s GDP growth forecast to 6.9 per cent for 2025
Older News
14/05 Footwear sector’s support industry should focus on developing new materials
14/05 SBV’s policy rate cut a positive sign for market, economy: experts
29/04 PM allows rice export resumption from May 1
26/04 Digital economy expected to add 30% to GDP by 2030
26/04 Digital economy to be pillar of future society
24/04 Standard Chartered lowers Việt Nam’s 2020 growth forecast to 3.3%
19/04 COVID-19 yet to affect HCM City office space market
18/04 Travel industry demands coronavirus support
18/04 FDI enterprises preparing for life after pandemic
15/04 Vietnam eyes GDP growth of 7 percent in next five years
 
Newsletter Signup
Top Stories
From pioneer to leader: Việt Nam's stock market hits 25-year milestone
New tax plan could discourage stock investment: insiders
MoF proposes 20% tax on capital gains from securities and equity transfers
HNX halts new stock listings in exchange restructuring
Market begins July with optimism, strong foreign investment
Market Update
Last updated at 3:10:03 PM
VN-INDEX 1,502.52 -5.11/-0.34%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
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...
Portfolio
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.