VN-Index climbs for third day

Vietnam’s benchmark VN-Index climbed for three consecutive trading sessions on February 9 as blue chip stocks gained ground despite rising profit-taking pressure.

The measure of 301 companies and five mutual funds listed on the Ho Chi Minh City Stock Exchange rose 0.45 per cent, or 1.86 points, to close at 411.39 points, the highest level since November 2, 2011.

Among the index members, 105 edged up, 128 retreated, while 73 stocks remained unchanged.

Trading on the city bourse rose by 15 per cent in volume and 21 per cent in value as around 51.5 million shares changed hands at a total value of VND771.49 billion.

Military Commercial Joint Stock Bank (MBB) led the list of most active shares in volume with 4.11 million shares changing hands.

The third largest listed lender Vietnam Commercial Joint Stock Export Import Bank or Eximbank (EIB) followed with 3.98 million shares traded.

Saigon Thuong Tin Commercial Joint Stock Bank or Sacombank (STB), the fourth largest listed lender, tagged along with 3.77 million shares.

Cadovimex Seafood Import-Export & Processing Joint Stock Company (CAD) sprang 5.88 per cent to close at VND1,800.

Meca Vneco Investment & Electricity Construction Joint Stock Company (VES) built up 5.56 per cent to VND1,900.

South Logistics Joint Stock Company (STG) and Thu Duc Water Supply Joint Stock Company (TDW) both gained 5 per cent to close at VND21,000, and VND10,500 respectively.

Basa Joint Stock Company (BAS) slumped 10 per cent to close at VND900.

South Vietnam Container Shipping Joint Stock Company (VSG) collapsed 5.88 per cent to close at VND1,600.

Vietnam Fumigation Joint Stock Company (VFG) erased 5 per cent to close at VND36,100.

The VN30 Index climbed 3.75 points, or 0.81 per cent, to end at 464.73 point. Among its 30 members, 11 stocks rallied, 14 declined and five were unmoved.

Meanwhile, Hanoi’s HNX-Index of the smaller bourse in the north rallied 0.13 per cent, or 0.08 points, to close at 63.82 points. Around 56.44 million shares changed hands at a total value of VND444.34 billion.

The UPCoM-Index of unlisted shares surged 0.58 per cent, or 0.2 points, to 34.95 points at 11.30 am local time. A total of 184,990 shares were traded at VND928 million.

Meanwhile, the State Securities Commission of Vietnam on February 8 approved a proposal by the Ho Chi Minh City Stock Exchange to make adjustments to timings and start afternoon trading sessions from February 20.

Accordingly, the city bourse will start at 9 am instead of the current 8.30 am, and the afternoon trading session will begin at 1 pm and end by 2.30 pm.

The ATO session will last for 15 minutes from 9 am to 9.15 am while 15 minutes of the ATC session will be from 2 pm to 2.15 pm.

Continuous order marching session will take place from 9.15 am to 11.30 am and then reopen from 1 pm to 2 pm.

Put-through deals will be allowed to occur from 9 am to 11.30 am and from 2.15 pm to 2.30 pm.

By Thuy Doan

Other news

Most view

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Economy

Vocarimex plans to expand export markets

The Vietnam Vegetable Oil Industry Corporation -Vocarimex (code: VOC) has set its target the 2018 revenue will reach VND 4,8trillion, an increasing of 9 percent compared to 2017 and pre-tax profit target will be VND 300 billlion ($ 13 million), dividend payment ratio at 12 percent.

 

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.