VN stocks bolstered by earnings expectations

Jul 23rd at 13:17
23-07-2018 13:17:10+07:00

VN stocks bolstered by earnings expectations

Vietnamese shares advanced on Monday morning as investor confidence got higher in large-cap stocks for their earnings prospects.

 

The benchmark VN Index on the HCM Stock Exchange gained 1.28 per cent to close at 945.33 points. It rose total 2.6 per cent last week.

The HNX Index on the Ha Noi Stock Exchange inched down 0.04 per cent to end at 107.57 points. The northern market index soared nearly 5 per cent in the previous week.

More than 137 million shares were traded on the two local exchanges, worth VND2.74 trillion (US$121.7 million).

Financial-banking and real estate industries continued to lift the markets on expectations for better-than-expected earnings reports in the second quarter of the year.

The banking, insurance and real estate industry indices gained between 1.5 per cent and 2.6 per cent, data on vietstock.vn showed.

Those were also among the 16 sectors on the stock market that saw share prices up with others such as energy and mining, retail and plastic production.

Large-cap stocks also performed well as the VN30 Index that tracks the performance of the 30 largest shares by market capitalisation added 1.53 per cent to 940.72 points.

Twenty-four of the 30 largest stocks in the VN30 basket made gains, including Sacombank (STB), budget carrier Vietjet (VJC), brewer Sabeco (SAB), insurer Bao Viet Holdings (BVH) and petrol firm Petrolimex (PLX).

The afternoon trading session starts at 1pm.

bizhub



NEWS SAME CATEGORY

Shares to remain upward trend

Vietnamese stocks are regaining momentum and are expected to remain upbeat during upcoming trading thanks to improved liquidity and cash flow, analysts said.

Investors still bet big on a bearish stock market

Bearish sentiments continued to haunt the Vietnamese stock market in early July due to the escalating US-China trade war, but experts and investors still bet on the...

VN shares slump on domestic fund restructure

Shares nosedived on the HCM City Stock Exchange on Friday, dragged down by trading for portfolio-restructuring of domestic exchange-traded fund (ETF) E1VFVN30.

Three billion more stocks to start trading next week

An additional three billion bank stocks will start trading on the HCM Stock Exchange (HOSE) next week, HOSE announced.

Stock bourses’ merger plan submitted to Government: Finance ministry

The plan for the merger of the Ha Noi and HCM stock exchanges has been submitted to the Government for review, according to the Ministry of Finance.

VN shares fall on global dive

Vietnamese shares tumbled on Friday morning on both local indices, following the slump of the global market.

Shares volatile on large-cap stocks

Shares were mixed at closing on Thursday, higher on the HCM City Exchange but lower on the northern bourse, experiencing strong volatility with big variation in...

Shares mixed following strong gains

Shares were mixed at the closing of trading on Thursday morning, higher on the HCM City Exchange but lower on the northern bourse, although in the last five...

Shares rise on H1 earnings reports

Shares rose towards the end of Wednesday’s session as investors snapped up opportunities as positive first-half earnings reports came in.

Shares advance with H1 reports exceeding expectations

Shares advanced on the country’s two main bourses on Wednesday morning as investors snapped up opportunities with positive first-half earnings reports coming in.

TRENDING


MOST READ


Back To Top