Wednesday, March 22, 2023 7:02:14 AM - Markets open
VN-INDEX 1,032.43 +9.33/+0.91%
HNX-INDEX 203.11 +1.49/+0.74%
UPCOM-INDEX 75.67 -0.35/-0.46%
Market opens the new year on a positive note
Vietnamnews - 1/4/2023 2:44:21 PM
 (0 ratings. You must sign in to rate.)
The stock market finished higher on the first trading day of the new year, boosted by bullish sentiment with many blue-chip and large-cap stocks hitting the maximum intraday gain.
On the Hồ Chí Minh Stock Exchange (HoSE), the benchmark VN-Index ended the day at 1,043.9 points, an increase of 36.81 points, or 3.66 per cent. It closed slightly lower on the last trading day of 2022, hovering around 1,007.09 points. 
The gain helped the market benchmark claim back most of the recent losses.
The HNX-Index on the Hà Nội Stock Exchange (HNX) also inched up on Tuesday, up 7.25 points, or 3.53 per cent, to 212.56 points. 
The market opened the new year on a positive note with more stocks in the bull market. Of which, 435 ticker symbols on both main exchanges rose, while 104 stocks went down. 
Liquidity also improved over the previous session. Specifically, investors poured more than VNĐ9.2 trillion (US$393.1 million), up nearly 25 per cent, into the southern bourse, equal to a trading volume of more than 551.3 million shares. 
The VN30-Index, which tracks the 30 biggest stocks on HoSE, advanced sharply by 42.06 points, or 4.18 per cent, to 1,047.25 points. 
In the VN30 basket, all stocks added points, of which four stocks, including Hòa Phát Group (HPG), Phát Đạt Real Estate Development JSC (PDR), SSI Securities Corporation (SSI), and Vincom Retail (VRE) registering the biggest daily rise of 7 per cent. 
Optimistic sentiment was the main driver of the rally, lifting stocks in most industries. 
Leading the market uptrend were the popular sectors, including banking, realty and manufacturing. BIDV was the biggest gainer in terms of the market's value, up 6.74 per cent. 
Speaking at the market's first session ceremony earlier in the day, Deputy Finance Minister Nguyễn Đức Chi said that the Vietnamese stock market will rebound strongly, developing in both size and quality. It will continue to be the economy's effective capital mobilisation channel and the Government's macro-management tool. 
Even though the market has experienced ups and downs in 2022, it still operated stably, safely, and smoothly as most listed companies recorded profits, and more domestic and foreign investors participated, Chi said. 
The deputy ministers suggested the industry focus on completing regimes, mechanisms, and policies to amend the Securities Law, relevant laws, and documents to continuously develop the stock market in terms of scale. 
In addition, the market needs to improve the quality, financial capacity, and competition of organisations participating in the market, while concentrating on innovation, application, and development of information technology systems in service of management and supervision.
The market also received support from foreign cash inflows as foreign investors continued to be net buyers on two main exchanges. Of which, they net bought a value of VNĐ241.19 billion on HoSE and VNĐ15.93 billion on HNX. VNS
Read original article here
Newer News
21/03 Silicon Valley Bank collapse not to impact VN: VinaCapital
16/03 Shares rebound after SBV's rate cut
14/03 Domestic investors open less than 100,000 new accounts in the first 2 months
11/03 Shares decline after four days of gains
09/03 Shares climb for third straight session
09/03 Labour productivity needs committee to accelerate change: former GSO director
08/03 Shares climb for second day, realty stocks cool down
06/03 Macro uncertainties weigh on market this week: experts
03/03 Market reverses on profit-taking pressure
25/02 Shares collapse for fourth session as large-caps fail to rescue market
Older News
27/12 Transparent corporate bond market a long-term capital channel
27/12 Shares open new week low with dry liquidity
21/12 PM asks financial sector to perfect legal framework, supervise bond market
21/12 Shares drop for second day despite strong foreign buys
12/12 Shares to move higher this week but cautious sentiment remains
12/12 Retail shares see great growth potential
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
Newsletter Signup
Top Stories
Central bank makes first rate cut since 2020 to support economic growth
Domestic investors open less than 100,000 new accounts in the first 2 months
MSN: Masan secures up to $650m syndicated loan, redeems $126.3m bonds
Shares climb for third straight session
Shares climb for second day, realty stocks cool down
Market Update
Last updated at 3:05:01 PM
VN-INDEX 1,032.43 +9.33/+0.91%
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.