Growth slows on mixed performance of large-cap stocks

Apr 11th at 13:26
11-04-2017 13:26:55+07:00

Growth slows on mixed performance of large-cap stocks

Shares edged up on Tuesday morning, but the mixed performance of large-cap stocks restrained market growth.

 

The benchmark VN Index on the HCM Stock Exchange inched up 0.2 per cent to 731.1 points.

On the smaller Ha Noi Stock Exchange, the HNX Index rose 0.6 per cent to end at 90.9 points.

A total of 157 million shares worth a combined VND2.5 trillion (US$110 million) were traded in the two markets.

Financial companies lost value in the morning, with the big losers being BIDV (BID), Vietinbank (CTG), Masan Group (MSN), Saigon Securities Inc (SSI) and Sacombank (STB).

At the other end of the spectrum, several large-cap stocks such as Vinamilk (VNM), Kido Group (KDC), PV Gas (GAS), PetroVietnam Drilling and Wells Service (PVD), Hau Giang Pharmaceutical (DHG), FPT Corp and Hoa Sen Goup (HSG) buoyed up the market.

The shares of budget airline Vietjet (VJC) advanced 0.8 per cent to VND131,800 a share, following the company’s proposal to hike its foreign ownership limit to 49 per cent, and pay a 31.6 per cent cash dividend for 2016’s earnings and an estimated 30 per cent dividend for 2017. The carrier will seek its stockholders’ approval at the annual shareholders’ meeting, which is scheduled on April 20.

The afternoon session starts at 1pm.

bizhub



NEWS SAME CATEGORY

Shares slow on investor caution

Shares grew at a slower pace on Monday on the two stock exchanges as investors displayed caution ahead of the annual shareholder meetings of big companies this...

Shares open new week’s trade in positive territory

Shares advanced on the two exchanges on Monday morning, driven by the growth of financial and real estate companies.

Stocks set to rise on first quarter hopes

Shares will continue to rise this week as investor sentiment remains positive, analysts say, driven by expectations that good earnings reports will be released in...

Oil price increases help pull VN Index up

Viet Nam’s benchmark VN Index closed up on Friday, boosted by the energy sector on positive movement of oil prices.

Shares remain negative after holiday

Shares closed in negative territory on Friday morning after the national holiday on Thursday as investors were cautious about current market conditions.

HNX issues derivatives market rules

The Ha Noi Stock Exchange has issued its membership regulations for derivative market trading, which is scheduled to start operation in the second quarter of this...

Low investor confidence pushes stocks down before holiday

Shares fell on the two local markets on Wednesday ahead of the national holiday as large-cap stocks suffered from low investor confidence.

VN Index retreats on selling pressure

Viet Nam’s benchmark VN Index fell on Wednesday morning as selling pressure sent large-cap stocks plummeting after the index neared 725 points.

VN shares edge up on Q1 speculation

Shares closed on a positive note yesterday, as investors speculated on first-quarter earning results and annual shareholder meeting information from many listed...

Markets stay positive, courtesy bank and property shares

Shares continued to rise slightly in both local markets on Tuesday morning as banks and property developers bounced back after recent fall.

TRENDING


MOST READ


Back To Top