Monday, December 2, 2024 6:09:57 PM - Markets closed
VN-INDEX 1,251.21 +0.75/+0.06%
HNX-INDEX 225.32 +0.68/+0.30%
UPCOM-INDEX 92.44 -0.30/-0.32%
Index surpasses 1,260 points as market rallies
vietnamnews - 11/7/2024 9:00:00 AM
 (0 ratings. You must sign in to rate.)
Market breadth was positive, with 254 stocks advancing and 57 declining. Liquidity on the southern bourse improved significantly, reaching VNĐ14.1 trillion (nearly US$554.8 million), up 29.4 per cent from the previous session.
 

 

A rubber forest in Nghe An Province. Shares of Vietnam Rubber Group (GVR) led the market on Wednesday. — VNA/VNS Photo
 
The market surged on Wednesday, pushing the VN-Index past the 1,260-point mark, accompanied by an improvement in liquidity.
 
On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index rose by 15.52 points, or 1.25 per cent, to close at 1,261.28 points.
 
Market breadth was positive, with 254 stocks advancing and 57 declining. Liquidity on the southern bourse improved significantly, reaching VNĐ14.1 trillion (nearly US$554.8 million), up 29.4 per cent from the previous session.
 
The VN30-Index, which tracks the 30 largest stocks by market capitalisation on the HoSE, also rose by 16.21 points, or 1.23 per cent, to 1,329.56 points. Of the VN30 basket, 29 stocks posted gains, with none declining and one remaining unchanged.
 
According to financial website vietstock.vn, Vietnam Rubber Group - Joint Stock Company (GVR) led the risers, with its shares up 5.14 per cent, contributing nearly 1.7 points to the VN-Index.
 
This was followed by gains for the Vietnam Joint Stock Commercial Bank for Industry and Trade (CTG), which increased by 2.43 per cent, the Bank for Investment and Development of Vietnam (BID), up 1.37 per cent, and Vietnam Technological and Commercial Joint Stock Bank (TCB), which rose by 1.92 per cent.
 
Some sectors posted losses, creating slight downward pressure on the market, with decliners including Vietnam Airlines JSC (HVN) and KIDO Group Corporation (KDC).
 
Experts from Viet Dragon Securities noted: “The market has shown signs of recovery after a slight decline around the 200-day moving average (MA200) in the previous session. Liquidity has improved compared to the prior session, although the increase is less pronounced when excluding negotiated transactions.
 
"This indicates a modest recovery as supply pressure eases. However, the market has approached the resistance range of 1,265 – 1,270 points. The current rally may be a technical rebound to test this resistance, so the risk of retreating from this level remains.
 
“Therefore, investors should closely monitor supply-demand dynamics and maintain a reasonable portfolio allocation, avoiding an overly aggressive buying position. Consider using this recovery phase to rebalance portfolios and mitigate risks.”
 
On the Hanoi Stock Exchange, the HNX-Index also ended higher on Wednesday, rising by 1.29 per cent to 227.76 points. Throughout the session, over 44 million shares were traded on the northern bourse, valued at over VNĐ988 billion.
 
Foreign investors continued their selling streak for the tenth consecutive session, with net sales exceeding VNĐ383 billion on the HoSE. — VNS
 
Read original article here
Newer News
14:23 Public investment stocks face challenges
08:28 Positive short-term signals emerge in Vietnam’s stock market
29/11 Market edges up as liquidity continues to decline
26/11 SSI regains top spot for charter capital in securities industry
26/11 PVT Logistics submits 66 million shares for HoSE listing after strong Q3
23/11 Market ends flat on rising selling force
21/11 Vinhomes acquires 190M shares, exceeds half of registered total
21/11 Foreign Investors set record in sell-off on HoSE
20/11 Market falls for fourth straight session as foreign bloc intensifies net selling
19/11 Market opens the week with slight decline as foreign investors net sell over VNĐ1.4 trillion
Older News
06/11 Number of domestic individual securities accounts hits 8.96 million
06/11 Market breaks losing streak as liquidity plunges
05/11 Vietnam's stock market moves closer to emerging market status amid key policy changes
04/11 Vietnam stock market opens the week with a downturn as foreign investors continue net selling
04/11 Opportunities and challenges in a transitional phase
01/11 Eyeing the stock market post the US presidential election
30/10 Market continues moving upward as foreign investors record strong net sales
29/10 HOSE delists Sao Thai Dương (SJF) shares from 1 November
29/10 Market begins the week on a positive note
28/10 Caution prevails in market amid rising selling pressure
 
Newsletter Signup
Top Stories
VCCI recommends mineral mining rights be granted through auction and bidding
Central bank works to raise interbank rates and ease forex market
Inflation a concern following salary increases
National Council for Sustainable Development established
Việt Nam, Cambodia look forward to $20 billion trade
Market Update
Last updated at 3:05:01 PM
VN-INDEX 1,251.21 +0.75/+0.06%
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...
Portfolio
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.