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Domestic stock rallies extended By Phuong Thao Stock trading at HCMC Securities Corporation. Local stocks rose for the second straight session on July 10 - PHOTO: THANH HOA HCMC – Domestic stocks continued the uptrend today, July 10, as investors eyed prominent firms with positive business outlook in the first half. The VN-Index of the Hochiminh Stock Exchange added 4.6 points, or 0.47%, against the previous session to close at 973.65. Key sectors like real estate, mining, banking and construction were the major supporters for the main index. In contrast, wholesale, securities, agriculture and seafood processing were among those losing ground. On the Hanoi Stock Exchange, the HNX-Index inched up 0.04% at 105.14, also marking the second straight rising session. It was buoyed by petroleum firm PVS. BIDV Securities Company (BSC) noted the market had another winning session with positive liquidity. In the coming sessions, the VN-Index is expected continue moving in … [Read more...] about Domestic stock rallies extended

Stock market correction expected next week The Saigon Times Daily Investors monitor stock prices at a securities firm – PHOTO: VNA HCMC – The local stock market is forecast to undergo a correction early next week and recover toward the end of the week, said Bao Viet Securities in its daily report. The brokerage predicted that 1000-1005 points will be a strong resistance range against the VN-Index of the Hochiminh Stock Exchange next week. The benchmark index may drop to a support range of 978-983 points in the short term. After exchange-traded funds (ETFs)’ review session, net share sales by foreign investors may decline significantly. Some net buying sessions involving foreign investors are expected next week, according to the firm. The result of FTSE’s review of country classification will be announced this Thursday, September 26. Bao Viet Securities said Vietnam’s chance for a reclassification is low as no market structural change has been made since … [Read more...] about Stock market correction expected next week

Stock market seen dismal next week By Phuong Thao HCMC – Some securities firms have forecast the local stock market would undergo a gloomy week next week due to continued global market uncertainties. Bao Viet Securities Company in a report said that no more supporting news could be expected as the annual general meeting season has almost ended. Although many listed firms reported profits in the first quarter, investors are worried about poor future prospects as trade tensions between the United States and China are escalating. From a technical perspective, the stock market may slightly rebounce after a losing streak, but with low trade revenue. The market may rally, but for two or three sessions, the firm said. Last Friday, local shares slid for the fourth consecutive session as sentiment turned negative amid rising concerns over the U.S.-China trade war. The benchmark VN-Index on the Hochiminh Stock Exchange dropped 1.29% at 970.03 points. The index lost a total of 1.73% … [Read more...] about Stock market seen dismal next week

Stocks expected to rally next week The Saigon Times Daily An employee monitors share prices on a computer screen at Hochiminh City Securities Corporation. The market is forecast to continue to rally next week - PHOTO: THANH HOA HCMC - The stock market is forecast to continue rallying during this week’s first trading sessions and the VN-Index is expected to test the resistance range of 990 and 993 points, according to a report by Bao Viet Securities JSC. However, this is a strong resistance range where the market has failed to pass through many times in the past. Therefore, the market may become volatile when it approaches this zone. If it successfully approaches this resistance zone, the VN-Index will head to the next strong resistance range of 1,000 and 1,005 points. Trading volume will need improving to support any market rally. Foreign investors’ net selling has left negative impact on the market and this issue may continue into this week. A meeting of the … [Read more...] about Stocks expected to rally next week

Speculative stocks attract money By Phuong Thao HCMC – Aside from large caps, small and speculative stocks attracted a huge amount of money on the Hochiminh Stock Exchange today, March 4, sending many in this group soaring on active transactions. HAG, a real estate company, went up to the ceiling price of VND6,040 after moving sideways during the morning phase. HAG also the led the southern market by liquidity with 13.5 million shares traded. FLC, another property firm, was next with 10.3 million shares exchanged, adding 0.18% at VND5,460. Other small stocks such as SCR, ITA and AMD also gained ground on high turnover. Nguyen Trung Du, director of securities service unit of VNDirect Securities Company, said big stocks on the market have rallied sharply after the traditional Lunar New Year holiday. Therefore, many investors are taking profits out of large stocks and seeking new opportunities at small and medium stocks. “This is a normal tendency as small and medium stocks … [Read more...] about Speculative stocks attract money

Slight rebound forecast on local stock market By Hong Ngan Employees are monitoring share prices at HCMC Securities Corporation. Domestic stocks are forecast to rebound this week - PHOTO: THANH HOA HCMC - Having encountered decline for two consecutive days after the five-day holiday, the VN-Index on the HCMC stock market is expected to bounce back this week with liquidity improving, according to securities companies. Saigon Hanoi Securities JSC (SHS) predicted that the VN-Index may seesaw between 980 and 985 points. However, investors should keep observing changes and be in no rush to disburse funds. Baoviet Securities JSC (BVS), meanwhile, said the main index on the southern bourse may fluctuate between 965 and 980 during early sessions of the week, but stocks are expected to gain further recovery at weekend to reach stronger resistance levels at 986-992 points. After the restructuring of investment portfolios in the VN30 basket reaches completion, stocks in … [Read more...] about Slight rebound forecast on local stock market

VN-Index still below 1,000 points despite further stock gains The Saigon Times Daily Staff at a securities firm monitor stock prices. The VN-Index failed to beat the 1,000-point level on August 22 even though stocks continued rallying - PHOTO: THANH HOA HCMC – Domestic stocks continued advancing for the seventh consecutive session today, August 22, as energy and seafood firms enjoyed strong supporting news. However, the benchmark stock index still closed slightly below the strong psychological level of 1,000 points. The VN-Index of the Hochiminh Stock Exchange rose a slight 2.88 points, or 0.29%, against the previous session to close at 997.26, as losers still outnumbered gainers. Stock trade tumbled versus the previous day as there were no large block deals, with volume shedding 24% at 153 million shares and value sliding 25% at VND3.8 trillion. According to securities firms, seafood stocks such as ABT, FMC and IDI rallied shortly after the United States … [Read more...] about VN-Index still below 1,000 points despite further stock gains

Stock market expected to move flat this week The Saigon Times Daily An employee of HCMC Securities Corporation watches stock prices on a computer. Securities experts have predicted a negative outlook for the local stock market this week - PHOTO: THANH HOA HCMC – Securities experts have predicted a negative outlook for the local stock market this week, saying that the global fluctuations and international trade disputes will have adverse effects and make the benchmark index move flat in the next few sessions. Phan Dung Khanh, investment director of Maybank Kim Eng Securities, told tinnhanhchungkhoan.vn that there is increasing negativity observable on the stock market as its movements depend on news at home and abroad. Trade conflicts and currency war are escalating on the global market, he added. Besides this, foreign investors have increased their net selling in recent sessions, putting the stock market under pressure. The market is likely to continue the … [Read more...] about Stock market expected to move flat this week

Strong demand for bluechips drives stock market up The Saigon Times The bull and bear statue in front of the Hochiminh Stock Exchange in District 1, HCMC is seen in this file photo – PHOTO: THANH HOA HCMC - The rising demand for bluechips drove the local stock market up today, August 21, seeing both the VN-Index and HNX-Index advance. The benchmark VN-Index of the Hochiminh Stock Exchange increased by 0.98%, or 8.88 points to close the day at 914.09 points. Winning stocks far outnumbered losers by 305 to 108. There were 352.4 million shares worth VND6.76 trillion changing hands on the southern market, rising by 3% in volume and 6% in value against the session earlier. In the VN30 basket, only financial service provider TCH, property firm NVL, lender STB and construction firm ROS lost ground. Meanwhile, most of the other stocks in the basket edged up, with refrigeration electrical engineering firm REE, lender HDB, steelmaker HPG and property firm VHM being the … [Read more...] about Strong demand for bluechips drives stock market up

Stocks tumble to 14-month low By Phuong Thao HCMC – With the number of falling stocks 4-fold bigger than that of rising ones, the VN-Index of the Hochiminh Stock Exchange plunged to below the strong psychological supporting line of 880 points today, January 3, and marked the lowest since November 2017. Up to 223 stocks on the southern market closed the session in the red territory while only 43 others managed to advance. The main index extended its losing streak to the third consecutive session, losing a hefty 13.53 points, or 1.52%, versus the previous day at 878.22. Market turnover improved nicely given massive selloffs in the afternoon phase, with volume and value adding 40% and 27% at 156.5 million shares worth VND3.4 trillion, respectively. Of the figures, there were 21.4 million shares valued at VND862 billion traded in block deals. According to securities enterprises, market outlook has turned negative as the VN-Index lost its strong supporting level of 880 points. … [Read more...] about Stocks tumble to 14-month low