Stocks continue to rise on positive news

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This week's stock trading began with gains on both national exchanges June 18, extending the winning streak to a second straight day, following positive information from National Assembly meetings.

Deputy Prime Minister Nguyen Xuan Phuc said the Government would pump about VND21 trillion (US$1 billion) a month into the economy in the latter half of this year in order to push credit growth up by 2 per cent per month, which aims to keep growth at 6 per cent.

Deputy Prime Minister Nguyen Xuan Phuc said the Government would pump about VND21 trillion (US$1 billion) a month into the economy in the latter half of this year in order to push credit growth up by 2 per cent per month, which aims to keep growth at 6 per cent.

On the HCM City Stock Exchange, the benchmark VN-Index advanced another 0.58 per cent to close yesterday at 435.59 points, but trade value decreased 32 per cent from Friday's level, totalling only VND900.4 billion ($42.9 million).

Blue chips still performed well as amongst the 30 largest shares by market value and liquidity, 17 climbed and only eight sank. Both PetroVietnam Finance (PVF) and Refrigeration Electrical Engineering Corp (REE) hit the one-day rise of 5 per cent while forth largest listed lender Sacombank (STB) rose over 4 per cent.

The VN30 Index, which measures the performance of the top 30 shares, also increased 0.57 per cent to stand at 510.81 points.

Tan Tao Investment Industry (ITA) remained the most active code on a total trade of 3.5 million shares, closing yesterday up 1.33 per cent at VND7,600 a share.

On the Ha Noi Stock Exchange, the HNX-Index managed to close in the green during the afternoon at 74.90 points despite rising to nearly 76 in the morning.

Market volume was still modest, reaching 47.8 million shares, worth over VND493 billion ($23.5 million). PetroVietnam Construction (PVX), with 5 million shares changing hands, was the most active code, closing unchanged at VND10,600 ($0.5) a pop.

While stock indices climbed two days in a row, many analysts felt confused about investors' "indifferent reaction" to recent economic information revealed by declining market volumes and values.

"With economic information quite positive, it seems incapable of boosting investor sentiment," said Ha Noi-based independent analyst Pham Viet Hung, noting domestic companies were still bemoaning hardships.

Foreign investors were net sellers in HCM City, responsible for VND5 billion ($238,000), but were net buyers in Ha Noi, having spent over VND1 billion ($52,000).

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National stocks reversed a two-session rally to fall during this June 19 morning's trading despite rumours that petrol price could decline again.

As the global energy market dwindled overnight, domestic petrol dealers said that retail prices could totally be reduced.

Meanwhile, on the HCM City Stock Exchange, the decline eased towards the end of the morning session, helping the VN-Index lose only 0.5 per cent to 433.52 points.
The VN30 retreated 0.4 per cent to 508.64 points.

Only a few shares among the leading stocks tracked by the VN30 managed to advance. They were Eximbank (EIB), food processors Hung Vuong (HVG) and Masan Group (MSN), Sacombank (STB), and Khang Dien House (KDH), which hit its ceiling price of VND16,500 per share.

A meagre trading volume of 22.4 million shares changed hands, worth a total value of VND350.8 billion (US$16.5 million)– dropping 43.3 per cent over yesterday morning's level.
On the Ha Noi Stock Exchange, the HNX-Index tumbled by 0.8 per cent, concluding at just 74.29 points.

Losers outnumbered gainers by 177-32.

The value of trades reached only 54.6 per cent of yesterday morning's figure, or VND168.6 billion ($8 million), as trading volume fetched 15.3 million shares.

The exchanges are due to re-open at 1 pm.

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Vietnam’s benchmark VN-Index tumbled on June 19 as several stocks lost ground after investors unexpectedly dumped shares heavily.

The gauge of 303 companies and five mutual funds listed on the Ho Chi Minh City Stock Exchange trimmed 1.04 per cent, or 4.51 points, to close at 431.08 points.

On the benchmark, 38 stocks gained, 223 lost, while 47 remained unchanged.

Trading on the city bourse rose by 15.7 per cent in volume, and 27.8 per cent in value over the previous trading session as more than 68.58 million shares changed hands at a total value of VND1.15 trillion.

Tan Tao Investment Industry Corporation (ITA) was the most active share in volume with 2.11 million shares changing hands.

Petro Vietnam Finance Joint Stock Corporation (PVF) ran after with 1.51 million shares, followed by Ocean Group Joint Stock Company (OGC) with 1.44 million shares traded.

Truong Thanh Furniture Corporation (TTF) slashed 19.15 per cent to close at VND7,600.

Da Nang VICEM Construction Building Materials Joint Stock Company (DXV) and Binh Thuan Mineral Industry Joint Stock Company (KSA) crushed 5 per cent to close at VND5,700, and VND15,200 respectively.

Phu Tai Joint Stock Company (PTB) pared 4.96 per cent to close at VND13,400.

Tuong An Vegetable Oil Joint Stock Company (TAC) grew 4.88 per cent to close at VND43,000.

Information and Networking Technology Joint Stock Company (CMT) enlarged 4.84 per cent to close at VND6,500.

Khang Dien House Trading and Investment Joint Stock Company (KDH) surged 4.43 per cent to close at VND16,500.

The VN30 Index - a free-float adjusted, market cap-weighted index of 30 stocks with the highest market value and liquidity on the exchange – eroded 4.14 points, or 0.81 per cent, to end at 506.67. Among its 30 members, 4 stocks aroused, 24 tumbled, and 2 remained unmoved.

Hanoi’s HNX-Index of the smaller bourse in the north sliced 1.09 per cent, or 0.82 points, to close at 74.08 points with 52 winners, 187 losers, and 55 stocks treading water. Around 35.62 million shares changed hands at a total value of VND371.75 billion.

Meanwhile, the UPCoM-Index of unlisted shares lowered 0.3 per cent, or 0.11 points, to close at 36.31 points. A total of 257,683 shares changed hands at VND1.5 billion

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Investors monitor share price changes at the Ha Noi Stock Exchange. Shares increased June 20 on both national stock exchanges thanks to low CPI news in Ha Noi and HCM City. — VNA/VNS Photo Pham Hau HA NOI — Positive economic news released yesterday morning helped lift shares on both of the nation's stock exchanges, but trading remained sluggish.

The city of Ha Noi announced that consumer prices actually declined in June by 0.17 per cent, even as credit grew in the capital city by 2.1 per cent during the period. Economic growth in the first half the year also reached 7.6 per cent.

On the HCM City Stock Exchange, the HNX-Index gained another 0.42 per cent to close yesterday's session at 432.89 points, driven by blue chip gains. But the value of trades was only about half Tuesday's level, reaching a mere VND615.5 billion (US$29.3 million) on a volume of 34 million shares.

The VN30 Index, which measures the performance of the top 30 shares by market capitalisation and liquidity, climbed 0.31 per cent to stand at 508.23. Amongst the 30 leading shares, Vietcombank (VCB), insurer Bao Viet Holdings (BVH), software giant (FPT) and property developer VinGroup (VIC) all posted modest gains.
Sacombank (STB) saw over 2.5 million shares change hands, making it the most-active share on the HCM City bourse. STB rose by 1.3 per cent to close at VND22,800 per share.

The VN-Index has fluctuated narrowly around the 430-point level over the past week and the market would need time and fresh capital inflows to absorb the April gains in share prices, analysts commented.
On the Ha Noi Stock Exchange, the HNX-Index also rose by 0.38 per cent to close at 74.36 points, but value shriveled to just VND261.4 billion ($12.4 million). Advancers outnumbered decliners on the northern bourse by 134-69, with 195 codes remaining unchanged.

PetroVietnam Construction (PVX) continued to be the most-active share in Ha Noi with nearly 2.7 million traded. It closed up by nearly a per cent yesterday to VND10,400 per share.

Foreign investors remained net buyers in Ha Noi with a margin of over VND2 billion ($100,000) worth of shares but were net sellers in HCM City, unloading shares worth a net of VND8 billion ($380,000).

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Vietnam’s benchmark VN-Index recovered slightly on June 20 as positive economic data that showed Hanoi City’s consumer price index fall by 0.17 percent in June compared to previous months had not lightened investor caution.

The measure of 303 companies and five mutual funds listed on the Ho Chi Minh City Stock Exchange rebounded 0.42 percent, or 1.81 points, to close at 432.89 points.

On the benchmark, 123 stocks strengthened, 99 weakened, while 86 remained unchanged.

Trading on the city bourse dropped by 50.4 per cent in volume, and 46.5 per cent in value over the previous trading session as more than 34 million shares changed hands at a total value of VND615.5 billion.

Saigon Thuong Tin Joint Stock Commercial Bank or Sacombank (STB) won a spot in most active share in volume with 2.49 million shares changing hands.

Tan Tao Investment Industry Corporation (ITA) dropped to second place with 1.14 million shares.

Saigon Securities Inc. (SSI) came next with 1.03 million shares traded.

COMA 18 Joint Stock Company (CIG) and Ben Tre Forestry & Aqua Product Import Export Joint Stock Company (FBT) soared 5 percent to close at VND4,200, and VND12,600 respectively.

Vietnam Golf Tourism Joint Stock Company (VNG) retrieved 4.92 percent to close at VND6,400.

Long Hau Corporation (LHG) shot up 4.9 percent to close at VND15,000.

Power Engineering Consulting Joint Stock Company No.1 (TV1) shrank 16.28 percent to close at VND7,200.

Transport Engineering Construction & Business Investment Joint Stock Company 584 (NTB) isolated 8.47 percent to close at VND5,400.

Sonadezi Long Thanh (SZL) eluded 5.16 percent to close at VND14,700.

The VN30 Index - a free-float adjusted, market cap-weighted index of 30 stocks with the highest market value and liquidity on the exchange – revived 1.56 points, or 0.31 percent, to end at 508.23. Among its 30 members, 13 stocks escalated, 8 decelerated, and 9 remained unmoved.

Hanoi’s HNX-Index of the smaller bourse in the north recaptured 0.38 percent, or 0.28 points, to close at 74.36 points with 134 winners, 69 losers, and 90 stocks treading water. Around 23.96 million shares changed hands at a total value of VND261.43 billion.

Meanwhile, the UPCoM-Index of unlisted shares was unchanged at 36.31 points. A total of 345,550 shares changed hands at VND2.02 billion.