Shares conclude the week on positive note

July 31, 2021 - 06:51

Shares concluded the week in the green, marking a full-week growth after three consecutive falling weeks, propped up by banks and realty stocks.

Customers at a branch of VPBank (VPB) in Hà Nội. VPB rose 5.7 per cent on Friday. Photo courtesy of VPBank

HÀ NỘI — Shares concluded the week in the green, marking a full-week growth after three consecutive falling weeks, propped up by banks and realty stocks.

On the Hồ Chí Minh Stock Exchange, the VN-Index increased 1.27 per cent to close Friday at 1,310.05 points, expanding the weekly gain to 3.2 per cent.

On the Hà Nội Stock Exchange, the HNX-Index gained 1.25 per cent to end the day at 314.85 points. The southern market’s index increased 4.3 per cent this week.

Liquidity improved with more than 754 million shares worth total VNĐ24.6 trillion (US$1.1 billion) traded on the two markets, up 12 per cent in volume and 33 per cent in value compared to Thursday’s levels.

Banks continued to lead the market as six of the 10 most influential stocks on the HCM City exchange were lenders.

They include VPBank (VPB), Asia Commercial Bank (ACB), Military Bank (MBB), Vietinbank (CTG), Techcombank (TCB) and LienVietPostBank (LPB) with growth of between 1 per cent and 6 per cent.

Other big gainers were Masan Group (MSN), Vingroup (VIC), Vietnam Rubber Group (GVR) and Vietnam Airlines (HVN).

Masan (MSN) climbed 4.9 per cent thanks to the information its consolidated revenue reached VNĐ41.2 trillion ($1.8 billion), rising 16.4 per cent over the same period of last year.

Overall, gainers outnumbered losers in the VN30 basket (which tracks the top 30 largest shares by market value and liquidity) by 27:2. Only one closed flat.

Ending Friday, 18 out of 25 sectors tracked by vietstock.vn climbed, of which securities and ancillary production had growth rates of more than 2 per cent. Other sectors such as banking, rubber and plastic production, logistics, food and beverage, real estate, property and insurance also grew by more than 1 per cent.

According to analysts at BIDV Securities Co, the VN-Index now surpassed the threshold of 1,300 points. With increased liquidity and growth spreading to most sectors, they believe the market can continue to maintain the current uptrend into the first week of August.

Foreign traders were net buyers on both exchanges, picking up shares worth a net buy value of VNĐ478 billion. Their buys focused on Saigon Securities Inc (SSI), Sacombank (STB) and Masan Group (MSN) on the HCM City’s bourse and VNDirect Securities (VND) and Đất Xanh Real Estate Service (DXS) on the Hà Nội Stock Exchange. — VNS

Việt Nam needs development of green products exported to UK

Economy

UK’s carbon tax to affect VN exports

Economy

Việt Nam expects to officially export passion fruit to the US next year

Economy

VN faced with increasing trade defence investigations on rising protectionism

Economy

Experts point out economic growth drivers, challenges for next year

Economy

Thái Nguyên supports businesses to take advantage of UKVFTA to expand exports to UK

More on this story

Economy

Inspections no longer needed to free up flow of goods into the capital

No inspection would be carried out at checkpoints for vehicles which had valid QR Code identification certificate to transport goods serving construction, production, business, import and export and consumption on all highways, national roads, provincial roads, inter-district roads and urban roads nation-wide from Friday.

Economy

City inspectors apprised about authorised delivery people to enforce travel restrictions

To ensure smooth delivery and distribution of essential goods amid the COVID-19 restrictions, the HCM City Department of Industry and Trade has created a database of delivery staff that can be easily accessed by inspectors and notified the public about businesses that sell essential products.

Economy

2021 Vietnam Annual Economic Report launched

The 2021 Vietnam Annual Economic Report entitled “Repositioning Vietnam in the Global Dynamics” was unveiled on July 29 by the Vietnam National University - University of Economics and Business.

Economy

July retail sales plunges nearly 20 pct year-on-year due to COVID-19

Total retail sales of goods and services shrank 8.3 percent month-on-month in July to VNĐ339.4 trillion (US$14.84 billion) as a result of restrictions induced to stem the ongoing COVID-19 outbreak, according to the General Statistics Office (GSO).

Economy

HDBank profits up 44.2% in H1, NPL ratio at only 0.8%, joins hands with community to combat pandemic

The Hồ Chí Minh City Development Joint Stock Commercial Bank has reported pre-tax profit of VNĐ 4.19 trillion (US$183.9 million) for the first half of the year, a year-on-year increase of 44.2 per cent and equivalent to 58 per cent of the full-year target.

Economy

Vietnamese projects win three “Impactful Social Innovative Concepts” awards

Three Vietnamese projects were among the top five to win the “Impactful Social Innovative Concepts” awards in the Social Business Creation 2021 competition.

Economy

Market to recover once the pandemic is contained: experts

Even though the market benchmark plunged in July, experts see it as short-term move and the stock market is still an important capital mobilisation channel in the long-run.

Economy

Wood enterprises implementing '3 on-site' ask for less public pressure

Wood processing enterprises which have been implementing the "3 on-site" model in the provinces of Bình Định, Bình Dương and Đồng Nai have urged the public to put less pressure on them after a cluster of COVID-19 cases were detected at wood production facilities in these provinces.

Economy

CPI increase lowest since 2016

Consumer price index (CPI) increased by 1.64 per cent in January – July period, the lowest rate since 2016 on lower food and electricity prices thank to the Government’s effort of stabilising prices and supporting virus-hit citizens and enterprises in the pandemic, the latest updates of the General Statistics Office (GSO) showed.