Illustrative image (Photo: VNA) Hanoi (VNA) - Shares advanced for a second day on the two exchanges on March30 as investors continued to show their confidence in the market outlook.
Thebenchmark VN-Index on the HCM Stock Exchange retreated from the day-high atnearly 726 points to close at 723.9 points, up 0.5 percent over the previoussession, and the highest recorded since February 20, 2006.
Onthe Hanoi Stock Exchange, the HNX-Index edged up 0.5 percent to end at 91.1points. The northern market index inched up 0.1 percent on March 29.
Liquidityremained positive with a total of 242 million shares worth 4.3 trillion VND (190.4million USD) being traded in the two markets.
Bigfirms in pharmaceutical, food-beverage and financial industries led the upturn.
Drugcompanies were the biggest gainers with an average industry growth of 2.83 percenton March 30.
Sharesof DHG (DHG) and Traphaco (TRA) climbed 0.6 percent each thanks to their rosyearnings results.
Netprofit of DHG Pharmaceutical increased by 33 billion VND at the end of 2016, or15 percent year-on-year, after audit to over 255 billion VND. Meanwhile,Traphaco on March 30 report in its annual shareholders’ meeting an after-taxprofit of 210 billion VND in 2016, a year-on-year growth of 18 percent. It hastargeted a net profit of 240 billion VND this year, up 14 percent year-on-year.
Otherdrug manufacturers like Imexpharm Corp (IMP) and Benovas Pharmaceutical (DCL)also rose substantially.
Inthe food and beverage group, the two biggest listings, dairy giant Vinamilk(VNM) and brewery Sabeco (SAB) increased by 1.6 percent and 1 percent,respectively, both accounting for 0.26 percent of the VN-Index’s growth.
Bankslost their morning gains when Vietcombank (VCB), the second biggest listedlender, decreased 0.3 percent. However, five other banks including BIDV (BID),Military Bank (MBB), Sacombank (STB), Asia Commercial Bank (ACB) and Sài Gòn-HanoiBank (SHB) leapt between 0.4-2 percent.
Accordingto analysts at Vietnam Investment Securities Joint Stock Company, the VN-Indexwill likely extend its gains and move in the range of 723-725 points.
TheMinistry of Industry and Trade on March 30 decided to impose anti-dumpingduties on imported coated steel from China and the Republic of Korea. Thisdecision is expected to help local steel manufacturers better compete in thehome market and boost the performance of steel companies.-VNA
Thebenchmark VN-Index on the HCM Stock Exchange retreated from the day-high atnearly 726 points to close at 723.9 points, up 0.5 percent over the previoussession, and the highest recorded since February 20, 2006.
Onthe Hanoi Stock Exchange, the HNX-Index edged up 0.5 percent to end at 91.1points. The northern market index inched up 0.1 percent on March 29.
Liquidityremained positive with a total of 242 million shares worth 4.3 trillion VND (190.4million USD) being traded in the two markets.
Bigfirms in pharmaceutical, food-beverage and financial industries led the upturn.
Drugcompanies were the biggest gainers with an average industry growth of 2.83 percenton March 30.
Sharesof DHG (DHG) and Traphaco (TRA) climbed 0.6 percent each thanks to their rosyearnings results.
Netprofit of DHG Pharmaceutical increased by 33 billion VND at the end of 2016, or15 percent year-on-year, after audit to over 255 billion VND. Meanwhile,Traphaco on March 30 report in its annual shareholders’ meeting an after-taxprofit of 210 billion VND in 2016, a year-on-year growth of 18 percent. It hastargeted a net profit of 240 billion VND this year, up 14 percent year-on-year.
Otherdrug manufacturers like Imexpharm Corp (IMP) and Benovas Pharmaceutical (DCL)also rose substantially.
Inthe food and beverage group, the two biggest listings, dairy giant Vinamilk(VNM) and brewery Sabeco (SAB) increased by 1.6 percent and 1 percent,respectively, both accounting for 0.26 percent of the VN-Index’s growth.
Bankslost their morning gains when Vietcombank (VCB), the second biggest listedlender, decreased 0.3 percent. However, five other banks including BIDV (BID),Military Bank (MBB), Sacombank (STB), Asia Commercial Bank (ACB) and Sài Gòn-HanoiBank (SHB) leapt between 0.4-2 percent.
Accordingto analysts at Vietnam Investment Securities Joint Stock Company, the VN-Indexwill likely extend its gains and move in the range of 723-725 points.
TheMinistry of Industry and Trade on March 30 decided to impose anti-dumpingduties on imported coated steel from China and the Republic of Korea. Thisdecision is expected to help local steel manufacturers better compete in thehome market and boost the performance of steel companies.-VNA
VNA
