Việt Nam News

A facility of PetroVietnam Gas JSC (GAS). GAS gained 4.3 per cent Tuesday. VNA/VNS Photo

HÀ NỘI - Vietnamese markets rebounded Tuesday thanks to the recovery of pillar stocks but liquidity remained low on cautious investor sentiment.

On the Hồ Chí Minh Stock Exchange (HoSE), the market benchmark VN-Index gained 1.69 per cent to end at 1,174.82 points.

It had dropped 1.69 per cent to end Monday at 1,151.50 points.

The market's breadth was positive with 362 gainers and 97 losers.

Liquidity remained low with 525.1 million shares traded on the southern bourse, worth nearly VNĐ10.7 trillion (US$457.4 million).

The VN30-Index, tracking the 30 biggest stocks on HoSE, increased 0.86 per cent, to end at 1,219.44 points. Twenty-two out of 30 stocks in the VN30 basket posted gains, while seven decreased.

In the VN-30 basket, gainers included Bảo Việt Holdings (BVH), FPT Corporation (FPT), PetroVietnam Gas JSC (GAS), Hòa Phát Group (HPG), Novaland (NVL) and Việt Nam National Petroleum Group (PLX).

Banking stocks also attracted cash flow with gainers including Military Bank (MBB), Techcombank (TCB), Bank for Investment and Development of Việt Nam (BID), VietinBank (CTG), Việt Nam International Commercial JS Bank (VIB), Saigon-Hanoi Commercial JS Bank (SHB) and Tiên Phong Bank (TPB).

Stocks in the real estate group attracted money with many strong gainers during the session. They included Kinh Bắc Corporation (KBC), Hà Đô Group (HDG), Hoà Bình Corporation (HBC), HCM City Infrastructure Investment JSC (CII), Khang Điền House (KDH), Nam Long Group (NLG), Investment and Construction Development Joint Stock Corporation (DIG), Licogi 14 JSC (L14), C.E.O Group JSC (CEO), Tân Tạo Investment and Industry Corporation (ITA), Phát Đạt Real Estate (PDR) and Khang Điền House (KDH).

All 25 sector indices on the stock market posted gains, including retail, wholesale, real estate, oil and gas, construction, seafood production, and agriculture, securities, insurance, IT, banking, healthcare, food and beverage, rubber production, construction materials and logistics.

On the Hà Nội Stock Exchange (HNX), the HNX-Index gained 1.83 per cent, to end Tuesday at 281.99 points.

During the session, investors poured over VNĐ1.2 trillion into the market, equivalent to a trading volume of 58.3 million shares. — VNS

NA tackles amendments to advertising law, supports Vietnam Airlines' recovery

Economy

Việt Nam's stock market recovers but outlook remains uncertain

Economy

Foreign investors flock to invest in the south

Economy

Signs of renewal amid diverse issuances in green bond market

Economy

More efforts needed to popularise use of crushed sand as an alternative to natural sand

Economy

Huge potential for VN, UK to boost cooperation in clean energy

More on this story

Economy

Around 130 firms expected to attend ABAC 3 meeting

Around 130 business leaders from 21 economies of the Asia-Pacific Economic Cooperation (APEC) will attend the third meeting of APEC Business Advisory Council (ABAC 3), which will be held from July 26-29 in the north-eastern province of Quảng Ninh’s Hạ Long City.

Economy

French electricity companies to work with VN for energy transition: conference

French electricity companies are willing to facilitate Việt Nam’s energy transition by working with their counterparts in the country, a conference has heard in HCM City.

Economy

Vietnamese durian enters China via official channels

Vietnamese durian will be allowed to officially be exported to China after the protocol is publicised. Earlier, dragon fruit, watermelon, lychee, longan, banana, mango, jackfruit, rambutan, mangosteen and passion fruit from Việt Nam were also allowed to be shipped to China via official channels.

Economy

Central bank might raise benchmark interest rate in Q4 2022

The State Bank of Vietnam (SBV) will make every effort to not tighten the monetary policy immediately to support economic recovery and stabilise the market, VNDirect Co forecasts.

Economy

Event planned to promote trade with Algeria

A virtual conference will be held on Wednesday and Thursday to promote trade and business links between Vietnamese localities, enterprises and cooperatives with potential partners in Algeria.

Economy

HCM City promotes meeting, incentive, convention, exhibition tourism

After a long lull due to the COVID-19 pandemic, HCM City is seeing increasing demand for MICE tourism (meeting, incentive, convention, exhibition) from both Vietnamese and foreign customers.

Economy

Shares slide on worries over market rumours

Vietnamese shares started the week lower, gripped by investor concerns over recent rumours about bans on a high-profile corporate leader, fuelling a sell-off focusing on large-cap stocks.

Economy

HCM City approves 50% port infrastructure fee cut

Port infrastructure fees for international goods transported by inland waterways in and out of HCM City will be cut by half from August 1.

Economy

Bến Tre Province focuses on sustainable aquaculture, fisheries development

The Mekong Delta province of Bến Tre will develop its fisheries with a focus on processing, modernisation and deeper integration into global value chains, according to its People’s Committee.