Improved liquidity helps VN-Index gain 16 points

By Huong Dung
Wed, March 1, 2023 | 5:40 pm GMT+7

The VN-Index, which represents the Ho Chi Minh Stock Exchange (HoSE), surged 15.87 points, or 1.55%, on Wednesday to close at 1,040.55.

More than 523.6 million shares changed hands via the exchange for around VND8.26 trillion ($348 million), up 27.49% from the previous session. The major bourse saw 290 gainers and 106 losers.

The VN-Index surged 15.87 points to 1,040.55 on March 1, 2023. Photo by The Investor/Trong Hieu.

The VN-Index surged 15.87 points to 1,040.55 on March 1, 2023. Photo by The Investor/Trong Hieu.

Blue chips became the main support for the VN-Index as their VN30 index achieved 19.47 points, or 1.92%, to close at 1,034.43.

Banking stocks had the most positive impact with STB of Sacombank hitting its ceiling price, HDB of HDBank gaining 3.8%, BID of BIDV 3.5%, ACB of Asia Commercial Bank 3.1%, and CTG of VietinBank 3.1%.

Other gainers in the VN30 basket included HPG of steel giant Hoa Phat (4.5%), SSI of Saigon Securities (3.8%), and PLX of Petrolimex (3.6%).

In other sectors, securities brokers showed the best performance with a total rise of 4.29%. Both large- and medium-cap tickers in the group made strong gains, with VCI of Viet Capital Securities (6.4%), VND of VNDirect Securities (5.9%), HCM of Ho Chi Minh City Securities (5.7%), FTS of FPT Securities (5.6%), SHS of Saigon-Hanoi Securities (4.9%), and MBS of MB Securities (4, 7%).

Steel and construction stocks also made impressions, with HSG and NKG of steel makers Hoa Sen and Nam Kim; LCG of Lizen Corp., HHV of Deo Ca Traffic Infrastructure Investment JSC, and FCN of Fecon Corp. hitting their ceiling prices.

Green also overwhelmed the real estate codes, including L14 of Licogi 14, CEO of CEO Group, HDG of Ha Do Group, and CKG of Kien Giang Construction Investment Consultancy Group.

However, DIG of DIG Corp closed at its floor price following information on the Government Inspectorate’s decision to inspect the observance of legal regulations in equitization and divestment of state capital at DIC Corp.

Many groups like oil and gas, seaport, cement, industrial real estate, garment, seafood, coal, retail, and aviation also closed in green.

Foreign investors continued to be net sellers for the 11th consecutive session to the tune of nearly VND302 billion ($12.7 million) on the HoSE. They mainly net sold VHM of Vinhomes, SSI, MSN of Masan Group, KDH of Khang Dien Holdings, and VCB of Vietcombank.

The HNX-Index on the Hanoi bourse went up 4.45 points to 206.83, while the UpCOM-Index on the unlisted public company market rose 0.2 points to close at 76.64.

Comments (0)
  • Read More
Vietnam needs large, specialized logistics centers to compete better: official

Vietnam needs large, specialized logistics centers to compete better: official

Vietnam needs large-scale, specialized logistics centers that will enable greater competitiveness of local economies and enterprises, says Tran Thanh Hai, deputy head of the Ministry of Industry and Trade's agency of foreign trade.

Economy - Sun, November 3, 2024 | 11:00 am GMT+7

Vietnam manufacturing sector sees 35% increase in Q3 job orders: Adecco

Vietnam manufacturing sector sees 35% increase in Q3 job orders: Adecco

Vietnam’s manufacturing and sourcing sectors saw a substantial 35% year-on-year increase and a 52% quarter-on-quarter increase in Q3/2024 job orders, global workforce solutions provider Adecco said in a reseach report released Thursday.

Economy - Sun, November 3, 2024 | 9:00 am GMT+7

Construction majors to continue capitalizing on public investment projects

Construction majors to continue capitalizing on public investment projects

Vietnamese construction giants are expected to continue capitalizing on public investment projects for the remainder of this year after delivering strong performances in the third quarter, analysts say.

Companies - Sun, November 3, 2024 | 8:00 am GMT+7

Former Government Office chairman receives $7,900 bribe from property project

Former Government Office chairman receives $7,900 bribe from property project

Mai Tien Dung, former Minister-Government Office Chairman, received a bribe worth VND200 million ($7,900) from Nguyen Cao Tri, owner of the Dai Ninh eco-resort and urban area project in Lam Dong province.

Society - Sat, November 2, 2024 | 9:13 pm GMT+7

Thai food giant CP enters public-private partnership to promote food system transformation

Thai food giant CP enters public-private partnership to promote food system transformation

Thai-invested C.P. Vietnam Livestock JSC and the Partnership for Sustainable Agriculture Vietnam (PSAV) signed a memorandum of understanding Friday on working together to advance sustainable agriculture in the country.

Companies - Sat, November 2, 2024 | 7:16 pm GMT+7

Central Vietnam province Quang Ngai to begin work on new VSIP industrial park next year

Central Vietnam province Quang Ngai to begin work on new VSIP industrial park next year

Vietnam’s central province of Quang Ngai will work with the investor to have construction of VSIP II Quang Ngai, a facility based on the Vietnam-Singapore Industrial Park (VSIP) model, begin in August 2025.

Industrial real estate - Sat, November 2, 2024 | 3:47 pm GMT+7

Vietnam likely to grow 6.5% in 2024-2025: VinaCapital

Vietnam likely to grow 6.5% in 2024-2025: VinaCapital

VinaCapital, among the biggest foreign-run asset managers in Vietnam, has forecast the country’s economy to achieve 6.5% growth in both 2024 and 2025, with the composition of the expansion to change to more domestically driven factors next year.

Economy - Sat, November 2, 2024 | 2:00 pm GMT+7

Major Vietnamese developer Novaland appoints new CEO

Major Vietnamese developer Novaland appoints new CEO

Duong Van Bac, who joined Novaland as chief financial officer in August 2023, has been appointed general director, starting Friday.

Companies - Sat, November 2, 2024 | 10:24 am GMT+7

Vietnamese conglomerate Bamboo Capital posts 36-fold profit growth in Q3

Vietnamese conglomerate Bamboo Capital posts 36-fold profit growth in Q3

Ho Chi Minh City-based Bamboo Capital Group recorded an after-tax profit of VND331.2 billion ($13.1 million) in the third quarter of 2024, an astounding 36-fold expansion year-on-year.

Southeast Asia - Sat, November 2, 2024 | 9:41 am GMT+7

ThaiBev to bag $54 mln from Sabeco’s upcoming dividend payout

ThaiBev to bag $54 mln from Sabeco’s upcoming dividend payout

Vietnam Beverage, wholly owned by Thai Beverage (ThaiBev) will rake in VND1,374 billion ($54.26 million) worth of dividend from Ho Chi Minh City-based top brewer Sabeco.

Companies - Sat, November 2, 2024 | 9:13 am GMT+7

Steel heavyweight Hoa Phat pours over $2 bln into central Vietnam complex

Steel heavyweight Hoa Phat pours over $2 bln into central Vietnam complex

Leading Vietnamese steelmaker Hoa Phat had invested more than VND52.5 trillion ($2.08 billion) in its Dung Quat Iron and Steel Integrated Complex (Dung Quat 2) in the central province of Quang Ngai as of Q3/2024.

Industries - Sat, November 2, 2024 | 8:00 am GMT+7

Vietnam becomes Australia’s fastest-growing inbound market

Vietnam becomes Australia’s fastest-growing inbound market

The number of Vietnamese tourists to Australia has grown significantly after the Covid-19 pandemic, with nearly 178,000 reported in the 12 months to August 2024, according to a Friday press release by the Australian Minister for Trade and Tourism’s Office.

Southeast Asia - Fri, November 1, 2024 | 10:02 pm GMT+7

Study finds shift in Thai consumers’ spending patterns

Study finds shift in Thai consumers’ spending patterns

Consumers in Thailand are shifting their spending focus to experiences and investments, according to the latest ASEAN Consumer Sentiment Study (ACSS) by United Overseas Bank (UOB).

Southeast Asia - Fri, November 1, 2024 | 10:00 pm GMT+7

Energy security, digitalization key to Indonesia's economic growth

Energy security, digitalization key to Indonesia's economic growth

The Indonesian government is prioritizing long-term economic growth through energy security, digitalization, and natural resource industrialization, according to Deputy Minister of Finance Thomas Djiwandono.

Southeast Asia - Fri, November 1, 2024 | 9:58 pm GMT+7

Vietnam PM's Middle East tour creates breakthroughs in economic, trade, investment cooperation: FM

Vietnam PM's Middle East tour creates breakthroughs in economic, trade, investment cooperation: FM

Prime Minister Pham Minh Chinh’s freshly ended six-day trip to the UAE, Saudi Arabia and Qatar has produced important outcomes, demonstrating the growing relations between Vietnam and the three Middle-East countries, Deputy Prime Minister and Foreign Minister Bui Thanh Son told the Vietnam News Agency.

Politics - Fri, November 1, 2024 | 9:25 pm GMT+7

Vietnam, Qatar look to tap potential for energy, oil & gas collaboration

Vietnam, Qatar look to tap potential for energy, oil & gas collaboration

Vietnam and Qatar have recognized the significant potential for further collaboration in multiple sectors such as energy, oil and gas, especially LNG, agriculture, Halal industry, and banking.

Politics - Fri, November 1, 2024 | 9:02 pm GMT+7