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VN-Index hits 26-month high
High demand and sharp rally of some large-caps gave a strong boost to the local stock market on Monday, lifting the VN-Index up to the highest level since February, 2011.
The market opened flat, trading in a narrow range and gaining a few points, before embarking on a very sharp run to end the morning session well above 500 points already. In the afternoon, the index fell back a little before gaining...
Markets expected to decline this week
Securities enterprises predicted that the local stock markets would suffer further losses this week, explaining that investors have turned pessimistic given gloomy news of the macro economy.
The VN-Index seesawed in the narrow range during last week while the HNX-Index saw up to four falling sessions. Investors maintained cautious trading given the lack of supporting news, making liquidity tumbling...
Stocks flat on weak trading
Low gross domestic product (GDP) growth rate in the first quarter dampened sentiment on Wednesday as the market saw another flat trading session with liquidity falling further.
After an early dip in the morning session, the VN-Index managed to inch up 1.8 points, or 0.37%, against the day earlier to 491.26. GAS, MSN and VCB contributed 3.78 points to the index while BVH, STB and VIC knocked off 1.22...
Stocks rebound but volume tumbles
After the widely expected cut to policy rates were announced, the local market staged a nice rebound on Monday, buoyed by large-caps such as BVH, VCB, VIC and VNM.
The VN-Index advanced 3.58 points, or 0.73%, against last Friday to close at 493.57 but trading volume on the southern bourse plunged 30% to 38.3 million shares worth nearly VND909 billion.
The Hanoi market also regained some ground while...
500-point line to be the focal this week: brokers
Investors will scrutinize developments of the VN-Index this week as it is nearing the strong resistance of 500 points, say securities firms. If the index breaks above this level, the market may enter a more sustainable rally in the coming time and vice versa.
The southern exchange saw strong fluctuations last week with three rising and two falling sessions. Large-caps played an important role in driving...
Market rises further buoyed by blue-chips
Large gains of selected blue-chips drove up the local market for a third straight session on Thursday while liquidity kept soaring, supported by active put-through transactions.
The VN-Index closed the day at 491.79, up 4.75 points, or 0.98%, against the previous session. MSN and VNM contributed 5.7 points to offset a 1.8 point loss to the index as GAS, which closed down 2.9% and ended its own three-day...
Index jumps on rate cut rumors
Rumors on possible interest rate cut coupled with other positive macro news buoyed sentiment on Wednesday, lifting the local market up for the second straight session with liquidity sharply improving.
The VN-Index jumped 6.56 points, or 1.37%, against the previous session to close at 487.04 with GAS contributing over three points to the index.
Liquidity on the Hochiminh Stock Exchange improved 48%...
Stock trading seen dull this week
As the southern and northern stock markets staged a sharp recovery last Friday, securities firms expect the two indexes to move up slightly this week but liquidity would be low over lack of supporting news.
The two markets seesawed in a narrow range last week. Updated data of the General Department of Customs showed that the balance of trade in the first two months was not as positive as expected...
Foreigners turn active but VN-Index still dips
Although foreigners became active on the buying side on Tuesday, the VN-Index closed down in a seesaw trading session while the HNX-Index managed just a modest rise.
Foreign investors accounted for VND220 billion in matching buy orders, roughly 24% of the total value on the southern bourse. They net bought around five million shares worth VND126 billion, the most since early this month, loading up...
Slow trade expected as investors indifferent
Securities enterprises predicted that both indices would oscillate within a narrow range with sluggish trading this week as investor indifferent attitude resulted in extreme low volumes last week.
Last Friday, the markets made another attempt to recover although liquidity remained disappointing. On the northern bourse, stocks rallied more strongly following sharp losses in recent weeks while the...
