Shares lost early gains to close lower on September 24 on the HCM Stock Exchange as many blue chips turned around to decline towards the end of the session.
Investors at BIDV Securities Company's trading floor (Photo: VNA)
Shares lost early gains to close lower on September 24 on the HCM Stock Exchange as many blue chips turned around to decline towards the end of the session.
The benchmark VN-Index reversed the morning gain and edged down 0.4 percent to 570.3 points. The Index also inched lower by 0.1 percent on September 23.
Large-cap shares were the main drag as almost half of the top 30 shares by market value and liquidity declined while only nine advanced.
"Current valuations of many large-cap stocks seem to exceed estimation," analysts at FPT Securities Co wrote in a report on the company's website on September 24.
Trades on the top 30 shares, which totaled 34.5 million shares worth over 764 billion VND (34 million USD), accounted for over 32 percent of market volume and nearly 50 percent of market value in the HCM City's market.
According to analysts at Saigon-Hanoi Securities Co said the market would likely continue to trade in a range of between 570 and 575 points.
Overall liquidity continued to drop with just 107 million shares worth 1.6 trillion VND (71.1 million USD) traded on September 24, down just 1 percent in volume but 15 percent in value compared with the levels on September 23.
These figures were much lower than the average of nearly 135 million shares and 2 trillion VND (88.9 million USD) recorded during the June to August period.
Banks, insurers and oil and gas sectors, which provided momentum for the market in previous rallies, were sold heavily on September 24.
Bank for Investment and Development of Vietnam (BID), Sacombank (STB) and insurer giant Bao Viet Holdings (BVH) decreased between 1 percent and 2 percent.
PetroVietnam Drilling and Wells Service (PVD) and PetroVietnam Gas (GAS) also slumped over 1 percent following slides in global oil prices.
On the Hanoi Stock Exchange, the HNX-Index extended the winning run to seven days in a row, adding another 0.2 percent to finish the session at 78.6 points. It has risen 2.6 percent in the past seven days.
The number of advancing stocks outnumbered that of losers by 101 to 70 while 197 closed unchanged.
The trading volume climbed 28.2 percent over the previous session, totaling nearly 42 million shares, while the value of trades jumped 32 percent to reach 499.4 billion VND (22.2 million USD).-VNA
Shares extended rallies on Vietnam's two stock exchanges on September 21 as investors were confident the country's growing economy will boost company earnings.
Shares continued to rally on September 22 on the country's two exchanges after the Asian Development Bank (ADB) raised its forecast for Vietnam's 2015 economic growth.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Investors at BIDV Securities Company's trading floor (Photo: VNA)
