Friday, March 1, 2024 9:12:28 PM - Markets open
VN-INDEX 1,258.28 +5.55/+0.44%
HNX-INDEX 236.43 +0.97/+0.41%
UPCOM-INDEX 91.16 +0.53/+0.58%
Strong return of liquidity lifts market's sentiment
Vietnam News - 12/5/2023 1:21:41 PM
 (0 ratings. You must sign in to rate.)
 The stock market finished higher on Monday, extending rallies for the second day in a row. The uptrend was buoyed by a strong cash inflow. 
The VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) gained 18.33 points, or 1.66 per cent, to 1,120.49 points. It had increased by more than 8 points in the previous session. 
The breadth of the southern market was positive, with the number of winners surpassing that of losers by 288 to 48. 
Liquidity on the exchange doubled from Friday’s trade. In particular, the trading value was over VNĐ24.1 trillion (US$994.2 million), soaring from just more than VNĐ12 trillion in the last session. 
This was equivalent to a trading volume of over 1.11 billion shares. 
The VN30-Index, tracking the 30 biggest stocks on HoSE, also inched higher at 1,107.16 points, a rise of 16.77 points, or 1.54 per cent.
In the VN30 basket, only one stock witnessed a downtrend, while up to 29 ticked up. 
Saigon - Hanoi Securities JSC (SHS) said that the market’s benchmark was still in the area of ​​retesting the 1,100-point threshold and was showing many positive signals. Given a tight fluctuation range in recent sessions, the possibility of the VN-Index successfully testing the 1,100-point level in the coming sessions was high.
“The current movement shows that the market's fluctuations are gradually stabilising and forming a small accumulation base that can create a new uptrend,” the securities said. 
Banking, real estate, manufacturing, oil and gas and securities stocks all led the market’s uptrend. Of which, Vietcombank (VCB) was the biggest gainer on Monday, up 1.18 per cent. 
It was followed by the leading steel producer Hoà Phát Group (HPG), property developer Vingroup (VIC), PV Gas (GAS), and SSI Securities Corporation (SSI). All the stocks rose in a range of 2.02 - 5 per cent. 
Also supporting the market’s bullish sentiment, stocks in retail, information and technology and mining sectors posted positive performances, such as Mobile World Investment Corporation (MWG) surged 3.1 per cent, FPT Corporation (FPT) climbed 1.3 per cent, and PetroVietnam Drilling & Well Services Corporation (PVS) was up nearly 1.6 per cent. 
Similarly, on the Hà Nội Stock Exchange (HNX), the HNX-Index closed Monday at 231.31 points, up 5.05 points, or 2.23 per cent. 
During the session, more than 145.2 million shares were traded on the northern bourse, worth VNĐ2.85 trillion. 
Meanwhile, foreign investors were net sellers on the market as they net sold more than VNĐ626.4 billion on both main exchanges. Of which, they net sold VNĐ582.72 billion on HoSE and VNĐ43.69 billion on HNX. — VNS 
Read original article here
Newer News
15:40 Market mixed, liquidity reaches over $1 bln
29/02 VN-Index hits more than 1-year high
29/02 Vietnamese stock market rapidly advancing towards global standards: Prime Minister
28/02 VN-Index inches closer to the threshold of 1,240 points
26/02 Market faces profit-taking pressure, expected to rebound within 1,200-1,210 point range
26/02 Rising rental prices to boost industrial real estate shares this year
23/02 VN-Index fails to sustain upward momentum despite multiple attempts
21/02 Market remains upbeat on large-cap stocks
19/02 Bullish sentiment drives market's upward trend
19/02 PM Chính instructs action for stock market upgrade
Older News
04/12 New circular aims to improve stock market transparency
01/12 Gov’t to tighten oversight of banking, securities following recent scandals
28/11 Low bank rates fail to stimulate strong capital influx into securities market
25/11 Market snaps three-day winning streak on unexpected selling pressure
25/11 Market ends week on a positive note
25/11 Ministry of Finance issues Circular 69 for reorganisation of securities market
22/11 Shares extend gains but liquidity stays low
14/11 Policy changes required to provide a boost to property sector
14/11 VN stock market ready for rebound as negative factors abate: VinaCapital
09/11 VN-Index hits three-week high, breaking 1,100 points
Newsletter Signup
Top Stories
Vietnamese stock market rapidly advancing towards global standards: Prime Minister
VN-Index fails to sustain upward momentum despite multiple attempts
Market remains upbeat on large-cap stocks
Central bank pushes others to boost lending from start of New Year
Domestic gold prices hit record-breaking VNĐ80 million per tael
Market Update
Last updated at 3:05:02 PM
VN-INDEX 1,258.28 +5.55/+0.44%
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.