Sunday, May 28, 2023 1:54:16 PM - Markets open
VN-INDEX 1,063.76 -0.87/-0.08%
HNX-INDEX 217.64 +0.86/+0.40%
UPCOM-INDEX 80.58 -0.13/-0.16%
VN-Index extends its long winning streak
Vietnam News - 3/28/2023 4:50:18 PM
 (0 ratings. You must sign in to rate.)
 Benchmark indices opened the week on a positive note, buoyed by the improvement of risk appetite.
The VN-Index on the southern bourse Hồ Chí Minh Stock Exchange (HoSE) ended Monday at 1,052.25 points, a gain of 5.46 points, or 0.52 per cent.
It logged a long rising streak of five days with the market's breadth inclining to the uptrend. Meanwhile, liquidity increased slightly, of which over VNĐ9.7 trillion (US$413.2 million) worth, equivalent to nearly 557 million shares, was traded on HoSE.
The VN30-Index also advanced 5.03 points, or 0.48 per cent, to close the trading day at 1,056.45 points. Twenty of the 30 biggest stocks in market capitalisation of the VN30 basket jumped, of which one hit the ceiling price. Eight stocks declined while two stayed flat.
On the Hà Nội Stock Exchange (HNX), the HNX-Index inched higher to 206.67 points, an increase of 0.95 points, or 0.46 per cent. This marked its second day of rallying.
Investors poured VNĐ910.2 billion into the northern exchange, equal to a trading volume of 66.17 million shares.
Statistics showed that bank stocks continued to dominate and lead the market's rallies. Specifically, Vietcombank (VCB) was the biggest gainer on Monday, up 2.25 per cent, while BIDV (BID), Vietinbank (CTG), MBBank (MBB), Sacombank (STB), and VPBank (VPB) also contributed to the rally, up in a range of 0.47-1.8 per cent.
Supporting the bullish sentiment, Hòa Phát Group (HPG), Novaland (NVL), and Vietnam Airlines (HVN) posted strong performances, with NVL shares registering the biggest intraday gain of 7 per cent.
However, the gain was limited by losses in some large-cap stocks, led by Vinhomes (VHM) shares, down 1.22 per cent.
Foreign investors were net buyers on both main exchanges, of which, they net bought VNĐ173.6 billion on HoSE and VNĐ985.34 million on HNX.
At the seminar “Stocks 2023 – Compass in the midst of rough seas” on Saturday, Matthew Smith, Research Director of Yuanta Securities Vietnam, is optimistic that the market's bench mark VN-Index is recovering and can reach 1,300 points this year.
He said that there are some favourable conditions lifting the Vietnamese market, including young population and growing middle class, foreign investment inflows, and the attractive valuation of the stock market that is now the lowest level in Asia. — VNS
Read original article here
Newer News
19/05 Shares rebound on bargain-hunting
16/05 Securities companies must comply with regulations on deposit management: SSC
09/05 Many banks planning move to HoSE
07/05 Shares fall slightly on low liquidity
04/05 Economic growth to rebound in H2, now ideal time to selectively buy stocks: VinaCapital
04/05 Companies slow down their listing plans amid market turbulence
20/04 Selling pressure shapes reversal in trends
19/04 Shares manage to stay positive thanks to securities stocks
17/04 Market awaits Q1's business results
14/04 New securities account openings in March lowest in two years
Older News
27/03 Shares enter sideways state with low liquidity
24/03 Shares rise on foreign buying
22/03 Shares recover on increased demand
22/03 Vietnamese stock market's publicity and transparency improved
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
Newsletter Signup
Top Stories
Bad debts running rampant in construction sector
Bank deposit interest rates keep falling
Airlines look to capitalise on thriving demand
Economic growth to rebound in H2, now ideal time to selectively buy stocks: VinaCapital
Shares manage to stay positive thanks to securities stocks
Market Update
Last updated at 3:05:02 PM
VN-INDEX 1,063.76 -0.87/-0.08%
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.