VN-Index grows 0.36 percent on week’s first trading day
The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HOSE) grew 3.3 points, or 0.36 percent, from last week to hit 912.18 points on the week’s first trading day, January 28.
Hanoi (VNA) – The benchmark VN-Index on the HoChi Minh Stock Exchange (HOSE) grew 3.3 points, or 0.36 percent, from last weekto hit 912.18 points on the week’s first trading day, January 28.
On the HOSE, more than 133 million shares worthover 3 trillion VND (130 million USD) were traded. While 135 stocks saw pricehikes, 139 others declined.
Among the large-cap stocks, VHM recorded a3.3-percent rise in its price to reach 80,600 VND per share; VIC went up 0.8percent to 103,700 VND per share; VNM, up 0.4 percent to 136,500 VND per share;and MSN, up 1 percent to 79,100 VND per share.
In contrast, bank stocks experienced widespreadprice decreases, hampering the market’s upward trend. Notably, VCB was down 0.5percent; TPB, 0.5 percent; TCB, 1.7 percent; and MBB, 0.5 percent.
Oil and gas stocks enjoyed positive developmentsas PVB climbed 2 percent; PVD, up 2.8 percent; and PVS, 2.2 percent.
On the Hanoi Stock Exchange (HNX), the HNX-Indexfell 0.43 points, or 0.42 percent, to end at 102.31 points. More than 30million shares worth over 357 billion VND were traded. Fifty-eight stockswitnessed increases in their prices, while 75 others saw decreases. –VNA
Under selling pressure from the beginning of the session, the VN-Index was down by over 18.39 points at the end of December 17 from the previous day, ending up at 933.65 points.
Analysts and securities firms are hoping Vietnamese shares will perform better in 2019, but there are still many challenges that will clearly weigh on market sentiment.
The Ho Chi Minh Stock Exchange (HoSE) has recently accepted or looks set to accept the listing of three more large-cap companies, but questions remain following a volatile year for the market.
The VN Index lost 0.91 points on January 14 to 901.8 points, with 143.8 million shares worth nearly 2.8 trillion VND (120.4 million USD) traded during the session.
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