Saturday, May 25, 2024 1:55:12 AM - Markets open
VN-INDEX 1,261.93 -19.10/-1.49%
HNX-INDEX 241.72 -5.19/-2.10%
UPCOM-INDEX 94.40 -0.77/-0.81%
Shares to go up on high demand
Vietnam News - 11/15/2021 4:58:40 PM
 (0 ratings. You must sign in to rate.)
Market analysts forecast that buying demand will stay relatively high and the cash flow is looking for opportunities. Therefore, the VN-Index may continue to set new historical peaks this week.
The market benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) gained 0.75 per cent to end Friday at 1,473.37 points.
The index had gained 1.16 per cent last week.
An average of 1 billion shares were traded on the southern exchange during each session last week, worth VNĐ31 trillion (US$1.4 billion).
MB Securities Joint Stock Company (MBS) said the VN-Index had gained for the third consecutive week last week. The average liquidity in the last two weeks reached 1 billion shares per session in volume and VNĐ29.2 trillion in value.
Notably, cash flow still focused on small and medium-sized stocks, especially highly speculative stocks on UPCOM.
“Technically, the VN-Index is at a new peak, the cash flow is still very abundant when the declines in the session only happened in a short time,” it said.
Mirae Asset Securities (Vietnam) Co Ltd said that the uptrend of VN-Index would persist and the index might continue to move towards the resistance level of 1,500 points this week.
Among the group of 10 stocks with the biggest influence on VN-Index last week, mid-cap stocks outperformed the blue-chips, it said.
Specifically, real estate companies Geleximco (GEX) and Investment and Construction Development Joint Stock Corporation (DIG) recorded increases of 25.8 per cent and 27.5 per cent, respectively, much higher than the large-cap codes such as Vietcombank (VCB), which increased by only 0.7 per cent, or Mobile World Group (MWG) rising 3 per cent.
The low-priced stock group also had many strong gainers such as Tân Tạo Investment and Industry Corporation (ITA), up 27.8 per cent, and Hoàng Anh Gia Lai JSC (HAG) up 32.8 per cent.
Foreign investors maintained a net selling position with a value of nearly VNĐ1.3 trillion during the week. SSI Securities Co (SSI) and PAN Group (PAN) were the two stocks that were sold the most with a value of VNĐ373 billion and VNĐ316 billion, respectively.
In terms of industry, oil and gas stocks increased the most last week with gainers of Bình Sơn Refinery (BSR) up 2.1 per cent, PetroVietnam Construction Corporation (PVC) gaining 2.2 per cent, Petrovietnam Transportation Corporation (PVT) rising 2.8 per cent, PetroVietnam Technical Services Corporation (PVS) up 3.8 per cent,  PetroVietnam Drilling and Well Services Corporation (PVD) climbing 4.1 per cent and Việt Nam National Petroleum Group (PLX) up 11.3 per cent.
Real estate stocks also outperformed with gainers of Novaland (NVL) up 1 per cent, Khang Điền House (KDH) rising 2.7 per cent, and Nam Long Group (NLG) rising 15.8 per cent.
They were followed by securities stocks such as Việt Capital Inc (VCI) up 0.4 per cent, Saigon Hanoi Securities (SHS) gaining 3 per cent, SSI Securities Inc (SSI) climbing 4 per cent and VNDirect (VND) up 8.5 per cent.
Experts from SHS said liquidity last week was recorded at the second highest in history, showing that the buying demand was relatively high and the cash flow was still in the market to look for opportunities.
From a technical point of view, VN-Index was moving toward 1,540 points. Therefore, there was still room to increase, so VN-Index might continue to increase to reach new highs this week with the closest resistance of 1,500 points. However, shaking sessions could occur during this process. VNS
Read original article here
Newer News
08/05 Positive investment opportunities in Vietnamese stocks with potential Fed rate reduction
08/05 VN adds over 110,000 new securities accounts in April, bringing total to 7.7 million
06/05 Cautious rise amid low supply and cash flow, investors advised to monitor resistance area
02/05 Market likely to face some fluctuations
02/05 Outstanding margin loans reach record high amidst strong equity growth
02/05 Interest rates to rise but not have major impact on stock market: economist
19/04 Market upgrade to begin a new phase of development
16/04 Market plunges, HOSE's value evaporates $10 billion
16/04 VN anticipates market impact as KRX stock trading system launches
10/04 Banks and oil stocks endure a tough day, leaving with market volatility
Older News
15/11 2021's profit outlook mostly reflected in stock prices: FiinGroup
03/11 Shares climb on the growth of banking and real estate
01/11 Market expected to hit new highs this week
27/10 Shares recover in last minutes
27/10 UPCoM attracts investors thanks to stock potential
23/10 Shares gain on bottom purchases
22/10 Shares end lower on foreign net selling force
22/10 Insurance stocks get boost thanks to State divestment
21/10 Foreign cash flows remain high despite continuous net selling
19/10 New economic stimulus package expected to spur stock market
Newsletter Signup
Top Stories
VN adds over 110,000 new securities accounts in April, bringing total to 7.7 million
Cautious rise amid low supply and cash flow, investors advised to monitor resistance area
Interest rates to rise but not have major impact on stock market: economist
Businesses concerned about rising exchange rate pressure
Gold bar auction to be resumed after 11 years of suspension
Market Update
Last updated at 3:05:01 PM
VN-INDEX 1,261.93 -19.10/-1.49%
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.