Việt Nam News

Market ends the week on a positive note

November 06, 2021 - 06:06

Việt Nam's stock market settled higher on the last trading day of the week, boosted by strong gains in many stock groups including fertilisers, food and beverage, oil and gas stocks.

Worker moving products inside PetroVietnam Fertiliser & Chemicals Corporation's warehouse. The company shares hit the maximum daily gain of 7 per cent yesterday, boosting the market's sentiment. Photo dpm.vn

HÀ NỘI — Việt Nam's stock market settled higher on the last trading day of the week, boosted by strong gains in many stock groups including fertilisers, food and beverage, oil and gas stocks.

The market benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) ended the week at 1,456.51 points, up 8.17 points, or 0.56 per cent.

The market's liquidity was positive with 303 stocks rising, while 148 slid. However, the liquidity was slightly lower than Thursday. Of which, investors poured over VNĐ26.1 trillion (US$1.15 billion), equivalent to a trading volume of 874.07 million shares.

The 30 biggest stocks tracker VN30-Index rose 3.55 points, or 0.23 per cent, to 1.531.76 points. It reversed the downtrend after falling 0.13 per cent in the morning trade. Seventeen in the VN30 basket climbed, while 11 decreased and two stayed flat.

The benchmark was mainly driven by oil and gas stocks with PetroVietnam Gas (PVGas, GAS) rising the most, up 4.53 per cent.

Saigon Hanoi Commercial Joint Stock Bank (SHB), Vinamilk (VNM), Petrolimex (PLX), Mobile World Investment Corporation (MWG) and Novaland (NVL) joined the top supporting group. These stocks jumped 0.9 -3.28 per cent, according to data compiled by vietstock.vn.

Fertiliser stocks also attracted cash flow in the early afternoon session, supporting the market's bullish sentiment. PetroVietnam Fertiliser & Chemicals Corporation (DPM) and PetroViet Nam Cà Mau Fertiliser JSC (DCM) even hit the biggest intraday gain of 7 per cent.

Meanwhile, the financial sector was still stuck in the downtrend as selling force remained. Vietcombank (VCB), BIDV (BID) and Techcombank (TCB) were among the biggest losers. Losses in Vinhomes and Vincom Retail (VRE) also weighed on the market.

On the Hà Nội Stock Exchange (HNX), the HNX-Index inched up 5.22 points, or 1.24 per cent, to 427.64 points.

During the trading session, more than 147.1 million shares were traded on HNX, worth nearly VNĐ3.5 trillion.

On the other hand, foreign investors were net buyers on both main exchanges yesterday, with a total value of VNĐ233.55 billion. Of which, they net bought a value of VNĐ226.51 billion on the southern market and a value of VNĐ7.04 billion on HNX.

In the morning trade, they net sold a value of VNĐ54.63 billion on HoSE. VNS

New trade policies of the UK Government to ease Việt Nam's exports

Economy

Thái Bình enjoys another successful year in FDI attraction

Economy

Cao Bằng, China’s Baise city forge stronger economic ties

Economy

Unlocking cooperation potential

Economy

Compliance with EUDR offers long-term benefits to rubber industry

Economy

Việt Nam remains prime destination for Malaysian investors: MBCV

More on this story

Economy

FPT Software and Airbus extends partnership to accelerate digital transformation in aviation

The signing ceremony took place during Prime Minister Phạm Minh Chinh’s official visit to France.

Economy

Banks call for increase in foreign-owned shares limit

Vietnam Banks' Asociation (VNBA) has been calling for an increase to foreign-owned shares limit in Vietnamese commercial banks, starting with those who have implemented Basel II successfully and are on their way to upgrade to Basel III.

Economy

Masan MEATLife transforms into branded meat player

In the third quarter of 2021, Masan MEATLife's branded meat business (excluding farms and 3F Vietnam) delivered its first ever net profit, validating Masan's strategy of “focusing on the meat industry.”

Economy

FrieslandCampina continues its mission of ‘better nutrition for the world accessible to everyone’

FrieslandCampina, one of the world’s largest dairy cooperatives, will continue to follow its mission of ‘better nutrition for the world accessible to everyone’ as one of the top priorities in its sustainable development, said the group’s managing director of FrieslandCampina Vietnam.

Economy

HDBank, DEG ink $300 million deal to boost sustainable development

The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) on November 4 signed an agreement with German strategic partner DEG in the presence of Prime Minister Phạm Minh Chính, who is on a visit to France.

Economy

Vietjet launches new promotion

Returning to the sky, Vietjet not only brings “green”, safe and on-time flights but also offers many new products, services to passengers flying with Vietjet including health care products, services and yoga instructions, protective and antibacterial hygiene products

Economy

A well-functioning NPL market key to a healthy banking sector

Improving the non-performing loan (NPL) resolution framework is a high priority for the banking sector to ensure efficient and effective bad debt resolution, as forecasters predict bad debts will rise post-pandemic.

Economy

Trade cooperation provides momentum for Việt Nam-US ties

The relations between Việt Nam and the US would continue to grow stably in the future, with economic and trade cooperation the centre and key momentum of bilateral ties, Vietnamese and US officials said.

Economy

Việt Nam faces IT workforce shortage

Although the pandemic has disrupted industries all over the globe, some think it could be a catalyst that accelerates the digital transformation and opens a new era for the digital economy. Việt Nam is well placed to take advantage of this change, if enough experts can be trained in the field.