Wednesday, June 26, 2024 5:41:16 AM - Markets open
VN-INDEX 1,256.56 +2.44/+0.19%
HNX-INDEX 240.19 +0.45/+0.19%
UPCOM-INDEX 98.83 -0.23/-0.23%
VN-Index inches closer to the threshold of 1,240 points
Vietnam News - 2/28/2024 3:28:57 PM
 (0 ratings. You must sign in to rate.)
 Shares extended rallies on Tuesday, pulling the VN-Index close to the threshold of 1,240 points, while foreign investors continued to pour capital into the domestic market. 
On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index gained nearly 13.3 points, or 1.09 per cent, to 1,237.46 points. It had increased more than 12 points in the previous session. 
Breadth of the market remained in the positive territory as 238 stocks ticked up while 73 declined. Liquidity was higher than Monday's trade, up 10 per cent to nearly VNĐ23.1 trillion (US$936 million). This was equal to a trading volume of over 986.8 million shares. 
The 30 biggest stocks tracker VN30-Index also increased 14.6 points, or 1.18 per cent, to 1,247.91 points. In the VN30 basket, 21 ticker symbol inched higher, while four edged down and five ended flat. 
In the short-term, Saigon - Hanoi Securities JSC (SHS) said: "Although the VN-Index has recovered, we believe that  it will face challenges in surpassing the significant resistance level of 1,250 points. Consequently, we anticipate continued market volatility in the upcoming period, characterised by strong sell-offs followed by a prolonged consolidation phase."
Data compiled by a financial website showed that the leading steel producer, Hòa Phát Group, led the market's uptrend yesterday. The company's shares jumped nearly 5.4 per cent. Other steel producers also posted strong performances with Hoa Sen Group (HSG) up 1.78 per cent, Nam Kim Group (NKG) climbed nearly 1.7 per cent, Tiến Lên Steel Group (TLH) rose 2.4 per cent, Pomina Steel Corporation (POM) increased 1.3 per cent. 
Other contributors to the bullish trend were Vietcombank (VCB), Vinhomes (VHM), PV Gas (GAS), Vietinbank (CTG), Techcombank (TCB) and Vingroup (VIC). All the stocks gained at least 1.2 per cent. 
The HNX-Index on the Hà Nội Stock Exchange (HNX) also ticked higher on Tuesday to 235.38 points, up 2.52 points, or 1.08 per cent. 
Investors poured nearly VNĐ2 trillion on the northern bourse, equivalent to a trading volume of 97.6 million shares. 
Also supporting the bullish sentiment, foreign investors continued to net buy VNĐ75.8 billion on both main exchanges. Of which, they net bought VNĐ43.73 billion on HoSE and over VNĐ32.07 billion on HNX. — VNS
Read original article here
Newer News
25/06 Market plunges as liquidity reaches a four-week high
24/06 Stock market awaits support factors for breakthrough
15/06 Market experiences sharp decline while liquidity hits three-week high
10/06 Uptrend likely to continue this week: experts
10/06 Surge in newly opened securities accounts recorded in May
27/05 Market likely to continue volatility this week
25/05 Market plummets as liquidity surges to eight-week high
08/05 Positive investment opportunities in Vietnamese stocks with potential Fed rate reduction
08/05 VN adds over 110,000 new securities accounts in April, bringing total to 7.7 million
06/05 Cautious rise amid low supply and cash flow, investors advised to monitor resistance area
Older News
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
16/02 Government requires securities investor data cleansing by March
16/02 VN-Index breaks over 1,200 points for the 1st time in 5 months
16/02 Multiple Vietnamese companies declare cash dividends post Lunar New Year, boosting investors confidence
16/02 Morgan Stanley Capital International (MSCI) includes three Vietnamese stocks in MSCI Frontier Markets Index
Newsletter Signup
Top Stories
Surge in newly opened securities accounts recorded in May
VN adds over 110,000 new securities accounts in April, bringing total to 7.7 million
Cautious rise amid low supply and cash flow, investors advised to monitor resistance area
Interest rates to rise but not have major impact on stock market: economist
Businesses concerned about rising exchange rate pressure
Market Update
Last updated at 3:05:01 PM
VN-INDEX 1,256.56 +2.44/+0.19%
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.