Wednesday, December 7, 2022 4:16:23 PM - Markets open
VN-INDEX 1,041.02 -7.67/-0.73%
HNX-INDEX 209.93 -2.87/-1.35%
UPCOM-INDEX 70.45 -0.57/-0.80%
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
03/12 How to regain investors' confidence in corporate bond market: experts
29/11 Credit concerns affecting Vietnamese stocks should ease soon: VinaCapital
23/11 VN-Index struggles on persistent selling force
23/11 Securities companies adjust business results amid market downturn
15/11 Market declines but bright prospect on horizon
14/11 Lo ngại về tính thanh khoản thấp trên thị trường chứng khoán
11/11 Listed companies raise cash reserves
10/11 Investors worried as speculative stocks plummet
07/11 Shares to face downward trend on increased sell-off
07/11 Bank stocks hit by corporate bonds maturity
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
Banks gain big profits from forex trading
Pharmaceutical firms report positive results in Q3
Petrol prices surge in latest adjustment
Investors worried as speculative stocks plummet
Bank stocks hit by corporate bonds maturity
Market Update
Last updated at 3:05:04 PM
VN-INDEX 1,041.02 -7.67/-0.73%
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.