Câu chuyện thương hiệu

Shares up on Q3 earnings hopes

Staff at work at the Hà Nội Stock Exchange. The HNX-Index, which tracks  三 七 八 stocks, edged 0. 六 per cent up to  八 五. 五 points. It rose 0. 二 per cent on Tuesday. — VNA/VNS Photo Hoàng Lâm

HÀ NỘI – Shares rose yesterday on the two stock exchanges as investors pinned their hopes on prospects of positive earnings of large companies in the third quarter.

The VN-Index, a measure of  三 一 二 stocks on the HCM Stock Exchange, increased 0. 四 per cent to close at  六 八 七 points. It rose 0. 二 per cent on Tuesday.

On the Hà Nội Stock Exchange, the HNX-Index which tracks  三 七 八 stocks edged 0. 六 per cent up to  八 五. 五 points. This index rose 0. 三 per cent in the previous trade.

Large-cap stocks continued to lead the market trend. Half of the  三0 highest valued stocks climbed, while only one-third declined. The biggest gains were in financial stocks like lenders BIDV (BID), Vietcombank (VCB), Vietinbank (CTG), Sacombank (STB), Saigon Securities Inc (SSI) and insurer Bao Viet Holdings (BVH).

According to analysts at Saigon-Hanoi Securities Co, investors tend to bet on the shares of big companies with sound financial indicators, as well as those that promised good earnings in the third quarter like banks, securities and real estate companies.

On the other end of spectrum, some blue chips declined and restrained the market rise, including dairy giant Vinamilk (VNM), real estate developer VinGroup (VIC) and steelmaker Hòa Phát Group (HPG), three of the  一0 biggest stocks by market value.

Especially, HPG inched down 0. 八 per cent, extending five-day losses to  六. 七 per cent. Heavy sells in this stock seemed to make many investors nervous and at some points negatively affected the overall market sentiment, analysts at Vietnam Investment Securities Co co妹妹ented.

Liquidity was nearly unchanged with a total volume of  一 五 六. 五 million shares worth a combined VNĐ 二. 七 trillion (US$ 一 二 一 million) being traded in the two markets by the end of the session.

Yesterday, truck dealer Hoàng Huy Investment Financial Services JSC (TCH) debuted  三 三0 million shares on the HCM Stock Exchange. The company’s shares rose by the maximum daily limit of  二0 per cent on its first trading day to VNĐ 一 八,000 per share with nearly  二0 六,000 shares changing hands.

Foreign investors returned to net buyers in the two markets yesterday, ending two days of net selling trades. However, their total net buy value was small at just VNĐ 六. 二 billion. – VNS