VN-Index increases by 3 points

The benchmark VN-Index of the Ho Chi Minh Stock Exchange (HOSE) recovered on May 23 with a rise of 3.03 points to close at 988.94 points.

Illustrative image (Source: VNA)

Illustrative image (Source: VNA)

The VN-Index fluctuated around 975 points in the morning thanks to a huge supply in the market from the beginning.

In the afternoon, demand climbed and some groups of shares were bought by investors at sharply increased prices. Specifically, the group of rubber shares saw their price hike of 6.41 percent, the group of utilities shares 5.9 percent, and the securities, insurance, banking, construction material and retail groups 2-3 percent. 

Among the major shares, GAS increased to the ceiling and closed at 113,300 VND per share while VNM, VCB, CTG and BID posted prices higher than the reference ones.

On the northern bourse, the HNX-Index rose 1.39 points to 118.11 points while the UpCOM-Index was up 0.34 points to 54.7 points.

Total transaction value in the whole market approximated 7.27 trillion VND (320.5 million USD).

Vietnamplus

Other news

Most view

Storm Son Tinh to weaken into tropical low-pressure on July 19

Storm Son Tinh to weaken into tropical low-pressure on July 19

According to the national center for Hydro Meteorological Forecasting, the 3rd storm  Son Tinh at 16pm July 18 centered at 18.8 degrees latitude, 107.5 degrees east longitude, on the Tokin Gulf, 190km from Thanh Hoa to Quang Binh provinces.


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.

Stock market

BLF & LUT fined VND 145mln

The State Securities Commission of Vietnam (SSC) has just issued administrative fines worth VND 145 million to Bac Lieu Seafood Corp (BLF) and Luong Tai Investment & Construction Corp (LUT).