Foreigners begin net buying after net-selling weeks

By Huong Dung
Tue, March 7, 2023 | 5:34 pm GMT+7

Foreign investors net purchased nearly VND158.7 billion ($6.7 million) on the Ho Chi Minh Stock Exchange (HoSE) on Tuesday after 14 sessions of net selling.

They mainly bought VRE of Vincom Retail, HPG of steel maker Hoa Phat, HDB of HDBank, and STB of Sacombank.

Foreign investors seen at the HoSE in Ho Chi Minh City. Photo courtesy of newspaper VnEconomy.

Foreign investors seen at the HoSE in Ho Chi Minh City. Photo courtesy of newspaper VnEconomy.

Their buy-in decisions helped Vietnam's benchmark VN-Index gain 10.66 points, or 1.04%, to close at 1,037.84.

The main bourse saw 210 tickers rising, 160 losing, and 84 going flat. More than 473.1 million shares changed hands for over VND8.25 trillion ($348.76 million).

Blue chips were the main support for the VN-Index gain, with up to 27 out of 30 codes in the VN30 basket increasing. Among the gainers, MSN of Masan Group expanded by 5.24%, BID of BIDV bank by 2.4%, CTG of VietinBank 2.29%, VPB of VPBank 1.75%, VRE of Vincom Retail 1.72%, and VNM of Vinamilk 1.07%.

The only two losers in the group were NVL of property developer Novaland and TCB of Techcombank.

Steel stocks made strong gains, with KVC of Kim Vi Inox Import Export Production JSC hitting its ceiling price, NKG of Nam Kim up 6.5%, HSG of Hoa Sen 4.9%, and HPG of giant Hoa Phat 3.4%.

The banking group also showed good performance. EIB of Eximbank enjoyed the maximum increase of 6.8%, SGB of Saigonbank rose 4.7%, and NVB of Navibank 4.2%.

Green covered other groups like oil and gas, securities and construction.

The HNX-Index on the Hanoi bourse went up 0.94 points to 207.5, while the UpCOM-Index on the unlisted public company market rose 0.17 points to close at 76.17.

Comments (0)
  • Read More
Major Vietnam private lender Techcombank intends to set up life insurance unit

Major Vietnam private lender Techcombank intends to set up life insurance unit

Techcombank, one of Vietnam’s major private lenders, is seeking shareholders’ approval to contribute capital for establishing a life insurance subsidiary regardless of a slowdown in the bancassurance sector.

Finance - Wed, January 22, 2025 | 11:50 pm GMT+7

London-based EnQuest acquires fellow firm Harbour Energy’s Vietnam business

London-based EnQuest acquires fellow firm Harbour Energy’s Vietnam business

EnQuest, listed on the London Stock Exchange (LON) as ENQ, has acquired activities in Vietnam of fellow firm Harbour Energy (LON: HBR), the former said on Wednesday.

Energy - Wed, January 22, 2025 | 6:47 pm GMT+7

Honda, Toyota urge Vietnam to provide tax, fee incentives for cars, hybrid EVs

Honda, Toyota urge Vietnam to provide tax, fee incentives for cars, hybrid EVs

Honda and Toyota, based in Vietnam’s northern province of Vinh Phuc, have urged Vinh Phuc authorities to propose relevant authorities provide tax and fee incentives for automobiles and hybrid electric vehicles (EV).

Companies - Wed, January 22, 2025 | 4:14 pm GMT+7

Vietnam's leading publisher hailed for textbook price reductions

Vietnam's leading publisher hailed for textbook price reductions

The Vietnam Education Publishing House (VEPH) achieved remarkable success in 2024, particularly in implementing synchronous solutions to reduce textbook prices, said Deputy Minister of Education and Training Pham Ngoc Thuong.

Companies - Wed, January 22, 2025 | 3:44 pm GMT+7

Schneider Electric keen to partner with Nvidia in developing data centers in Vietnam

Schneider Electric keen to partner with Nvidia in developing data centers in Vietnam

Schneider Electric is keen to cooperate with U.S tech giant Nvidia in developing data centers in Vietnam, said Jean-Pascal Tricoire, chairman of the French industrial technology giant.

Economy - Wed, January 22, 2025 | 3:27 pm GMT+7

Fitch downgrades SCG Chemicals to A- partly due to Long Son Petrochemicals in Vietnam

Fitch downgrades SCG Chemicals to A- partly due to Long Son Petrochemicals in Vietnam

Fitch Ratings has downgraded SCG Chemicals (SCGC), an arm of Thailand’s giant Siam Cement Group (SCG), from “A(tha)” to “A-(tha)” for its senior unsecured rating of THB100 billion medium-term note program.

Companies - Wed, January 22, 2025 | 2:59 pm GMT+7

Over 64% of Japanese firms in Vietnam expect profit in 2024: Jetro survey

Over 64% of Japanese firms in Vietnam expect profit in 2024: Jetro survey

Up to 64.1% of Japanese companies in Vietnam expected to make profits in 2024, up 9.8 percentage points from the previous year, according to a survey by the Japan External Trade Organization (Jetro).

Economy - Wed, January 22, 2025 | 12:15 pm GMT+7

Carlsberg to up central Vietnam factory to 600 mln liters per year

Carlsberg to up central Vietnam factory to 600 mln liters per year

Carlsberg is seeking permission to raise the capacity of its Hue factory in central Vietnam from 360 million to 600 million liters, or up 67%.

Companies - Wed, January 22, 2025 | 10:32 am GMT+7

Thai council urges ASEAN unity in US trade talks

Thai council urges ASEAN unity in US trade talks

The National Economic and Social Development Council (NESDC) of Thailand has recommended that Thailand collaborate with other ASEAN nations to negotiate trade agreements with the US to avoid high import tariffs and penalties.

Southeast Asia - Wed, January 22, 2025 | 9:35 am GMT+7

Coffee, non-alcoholic beverages generate 83 mln in 2024 net revenue for Vietnam instant coffee major

Coffee, non-alcoholic beverages generate 83 mln in 2024 net revenue for Vietnam instant coffee major

Vinacafé Bien Hoa, Vietnam's leading instant coffee maker, earned VND16 (0.06 U.S. cents) in gross profit for every VND100 ($0.4) of net revenue from coffee and non-alcoholic beverage sales, down 2% year-on-year.

Companies - Wed, January 22, 2025 | 9:31 am GMT+7

Indonesia welcomes WTO ruling on EU curbs on palm oil biofuel

Indonesia welcomes WTO ruling on EU curbs on palm oil biofuel

Indonesia has welcomed a recent ruling by the World Trade Organisation (WTO), which found that the European Union (EU) discriminated against Indonesian palm oil-based biofuel, giving it unfair and detrimental treatment, in setting biofuel regulations, according to Coordinating Minister for Economic Affairs Airlangga Hartarto.

Southeast Asia - Wed, January 22, 2025 | 8:40 am GMT+7

Malaysia, EU resume FTA negotiations

Malaysia, EU resume FTA negotiations

President of the European Commission (EC) Ursula von der Leyen and Malaysian Prime Minister Anwar Ibrahim on Monday announced the resumption of an ambitious, modern, and balanced EU-Malaysia free trade agreement (FTA).

Southeast Asia - Wed, January 22, 2025 | 8:29 am GMT+7

Indonesia launches 37 energy projects

Indonesia launches 37 energy projects

Indonesian President Prabowo Subianto kicked off 37 strategic projects related to the construction of power plants on Monday as the country is on track to achieve energy self-sufficiency.

Southeast Asia - Tue, January 21, 2025 | 10:02 pm GMT+7

Indonesia optimistic about ending fuel imports in five years

Indonesia optimistic about ending fuel imports in five years

Indonesian President Prabowo Subianto is optimistic that Indonesia can halt fuel imports within five years, aligning with the government's goal of achieving energy self-sufficiency.

Southeast Asia - Tue, January 21, 2025 | 10:00 pm GMT+7

Thailand eyes cryptocurrency to boost economy

Thailand eyes cryptocurrency to boost economy

Thai Prime Minister Paetongtarn Shinawatra has announced the government’s decision to allow the use of payment products and services through digital assets in storage areas in Phuket, a popular island destination in the country.

Southeast Asia - Tue, January 21, 2025 | 9:59 pm GMT+7

Indonesia launches international carbon trading platform

Indonesia launches international carbon trading platform

Indonesia on Monday launched its first international carbon trading platform, contributing to promoting the country’s climate and sustainable development goals.

Southeast Asia - Tue, January 21, 2025 | 9:58 pm GMT+7