Wednesday, July 6, 2022 4:35:08 AM - Markets open
VN-INDEX 1,181.29 -14.24/-1.19%
HNX-INDEX 277.94 -3.25/-1.16%
UPCOM-INDEX 87.19 -0.71/-0.81%
Market rises for third day in a row
Vietnam News - 10/7/2021 1:37:29 PM
 (0 ratings. You must sign in to rate.)
 The market inched higher on Wednesday, extended rallies as investors’ risk appetite improved in the late session, boosting many large-cap stocks to move higher. 
 
On the Hồ Chí Minh Stock Exchange (HoSE), the benchmark VN-Index rose 8.19 points, or 0.6 per cent, to 1,362.82 points. The market’s breadth was positive with 274 stocks climbing, while 129 stocks declined. 
 
However, the liquidity remained low as investors poured VNĐ19.4 trillion (US$851 million), equivalent to nearly 637 million shares.
 
The index gained for the third day in a row on large-cap stocks. The 30 biggest stocks tracker, the VN30-Index, increased 5.51 points, or 0.38 per cent, to 1,461.72 points. In the VN30 basket, 16 stocks jumped, while 10 stocks slid and four ended flat. 
 
Oil and gas stocks continued to perform well on the back of surging oil prices, with PetroVietnam Gas JSC (Gas) leading the market’s uptrend. The company stocks increased 4.13 per cent to VNĐ113,500 per share.
 
Other pillar stocks contributing to the gain were Vinhomes (VHM), Techcombank (TCB), Hoà Phát Group (HPG) and Vincom Retail (VRE). These stocks posted gains of at least 1.3 per cent.
 
However, some large-cap stocks were still under pressure. Of which, VPBank (VPB) was the biggest loser, down 1.6 per cent. 
 
Analysts from Saigon - Hanoi Securities JSC (SHS) said that on the technical front, the close of the above psychological level of 1,350 points means the VN-Index is likely to head toward the next target of resistance zone of 1,375 - 1,380 points. 
 
SHS recommended that investors with high stock proportion can continue holding with the expectation that the market will successfully break over the resistance level. Meanwhile, investors with a large amount of cash can switch to the wait-and-see mode, waiting for clearer signs to join the market. 
 
On the Hà Nội Stock Exchange (HNX), the HNX-Index also closed higher yesterday, with a gain of 1.97 points, or 0.54 per cent, to 368.47 points. 
 
During the session, more than 101.9 million shares were traded on the northern bourse, worth nearly VNĐ2.2 trillion. 
 
On the other hand, foreign investors were net sellers on both two main exchanges with a total value of VNĐ537.22 billion. Of which, they net sold a value of VNĐ531.45 billion on HoSE, and a value of VNĐ5.77 billion on HNX. — VNS
 
Read original article here
 
Newer News
05/07 Market mixed due to rising selling force
01/07 Investors to be able to trade stocks on T+2 settlement cycle
29/06 Shares extend gains, bolstered by bank and energy sectors
25/06 Banking shares plummet to attractive prices
15/06 Pharmaceutical industry less affected in pandemic
11/06 Ministry of Finance to get privately-placed bonds back on track
10/06 VN-Index treads water as large-cap stocks divide
08/06 Legal framework for securities, corporate bond investment, business strengthened: SBV Governor
04/06 Shares drop on bank, securities stocks
04/06 Interest rate support package has little effect on stock market
Older News
05/10 Shares end higher thanks to oil and seafood stocks
04/10 Market expected to continue downtrend this week
30/09 Energy stocks benefit from higher oil prices
29/09 Shares fall slightly on low liquidity
28/09 Vietnamese seafood exports target niche markets
27/09 Analysts cautious over market movements amid volatility
25/09 Stocks end lower on selling pressure
25/09 More room for insurance stocks to grow post pandemic
22/09 Banks continue bond issuance to meet capital adequacy ratio
17/09 Stock market a favoured investment channel for local investors
 
Newsletter Signup
Top Stories
Vietnam’s CPI up 2.44% in six months
HPG: Hoa Phat wants to invest big in two infrastructure projects
Legal framework for securities, corporate bond investment, business strengthened: SBV Governor
Steel prices cool down as input costs drop
Why the stock market sell-off when VN’s economy is strong?
Market Update
Last updated at 3:05:01 PM
VN-INDEX 1,181.29 -14.24/-1.19%
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...
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.