Friday, October 4, 2024 5:32:08 AM - Markets open
VN-INDEX 1,278.10 -9.74/-0.76%
HNX-INDEX 233.35 -1.70/-0.72%
UPCOM-INDEX 92.68 -0.60/-0.64%
Market extends rally as foreign investors continue net buying
vietnamnews - 9/19/2024 8:57:47 AM
 (0 ratings. You must sign in to rate.)
Throughout most of the day, the VN-Index remained above the reference level, maintaining a stable range and finishing higher.
 
 
At the Vietinbank Cửa Nam branch transaction office. CTG shares led the market on Wednesday. — VNA/VNS Photo
 
Vietnamese markets continued their upward trend, closing higher on Wednesday as foreign investors net bought for the third consecutive day.
 
On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index increased by 5.95 points, or 0.47 per cent, to end the trading session at 1,264.9 points.
 
Throughout most of the day, the VN-Index remained above the reference level, maintaining a stable range and finishing higher.
 
The market's breadth was positive, with gainers outnumbering losers by 179 to 114. Liquidity on the southern bourse reached VNĐ18.5 trillion (US$748.4 million), marking a 37 per cent increase from the previous session.
 
The VN30-Index, which tracks the 30 largest stocks, rose by 7.29 points, or 0.56 per cent, to 1,310.94 points. Seventeen stocks in the VN30 basket gained, nine declined and four remained flat.
 
Data compiled by the financial website vietstock.vn showed that the Vietnam Joint Stock Commercial Bank For Industry and Trade (CTG) was the biggest gainer, rising by 2.15 per cent and contributing more than one point to the VN-Index.
 
It was followed by the Bank for Foreign Trade of Vietnam (VCB), which increased by 0.55 per cent, FPT Corporation (FPT), up 1.28 per cent and Vietnam Airlines JSC (HVN), which rose by 4.78 per cent.
 
However, some stocks faced mild selling pressure, limiting the market's gains. Hoa Phat Group JSC (HPG) fell by 0.59 per cent, Vingroup Joint Stock Company (VIC) declined by 0.58 per cent and Vincom Retail Joint Stock Company (VRE) dropped by 1.29 per cent.
 
According to analysts from SHS Securities, the quick recovery suggests that the market may experience some fluctuations around the 1,260-point level.
 
However, the 1,250-point zone is expected to provide continued support in the near term, potentially helping the market to test supply around the 1,270-point range. Therefore, investors are advised to monitor the market's short-term recovery potential while considering this rally as an opportunity to adjust portfolios and mitigate risk.
 
On the Hanoi Stock Exchange (HNX), the HNX-Index also finished higher, rising by 0.28 per cent to 232.95 points.
 
During the session, nearly VNĐ1.1 trillion worth of shares, equivalent to a trading volume of over 65.8 million shares, were traded on the northern market.
 
Foreign investors continued their net buying streak, with net purchases amounting to VNĐ312.27 billion on HoSE. — VNS
 
Read original article here
Newer News
02/10 Changes driving foreign investor activity in the stock market
02/10 Market starts October on a positive note
01/10 Dragon Capital steps back as major shareholder in PV Drilling
01/10 Market mixed on Monday as foreign bloc returns to net selling
27/09 Market extends rally on final Thursday of September
26/09 Market extends rally as liquidity hits five-week high
25/09 Listed companies with exceptional investor relations honoured
24/09 Strengthening transparency and efficiency in Vietnam's stock market
23/09 Stocks forecast to be attractive investment channel after Fed rate cut
23/09 Positive momentum expected to help VN-Index surpass 1,300 points in 2024: experts
Older News
18/09 Steel stocks chill as weak demand sends a shiver through the industry
16/09 Eximbank to pay cash dividend for the first time in a decade
16/09 Weak liquidity hampers stock market growth
13/09 Ministry proposes service fees for securities sector
13/09 Investors remain cautious on bond investments
12/09 The market continues to decline for a third consecutive day
12/09 Seafood stocks vary in performance
11/09 Open-end funds post outstanding performances: report
11/09 Banking stocks drag market to steepest drop in four weeks
10/09 Market opens second week of September with decline
 
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 3:05:03 PM
VN-INDEX 1,278.10 -9.74/-0.76%
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.