Việt Nam News

A customer shops at Mobile World Group's outlet in Hà Nôi. Shares of Mobile World Group (MWG) rose 3.7 per cent on Tuesday. Photo courtesy of MWG

HÀ NỘI - Shares extended gains on Tuesday thanks to the outperformance of some individual large-cap stocks.

The market benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) closed the session at 1,268.28 points, up 0.61 per cent or 7.7 points.

The market breadth was negative as 187 stocks gained while 227 stocks decreased during the session. The market's liquidity stayed high with over 843.6 million shares traded on the southern bourse, worth VNĐ23.1 trillion (US$1 billion).

“VN-Index remained in green for most of the session and is currently close to the threshold of 1,270,” said BIDV Securities Co.

“On the market, investment cash flow decreased slightly. Meanwhile, foreign investors were net sellers on both HoSE and HNX.

“Besides, market breadth turned to equilibrium with increased liquidity compared to the previous session.

“According to current assessments, the VN-Index is likely to consolidate in the 1,260-1,280 zone in the next sessions,” it said.

Foreign investors net sold VNĐ553.02 billion on HOSE, including Vinhomes (VHM) (VNĐ340.4 billion), Vinamilk (VNM) (VNĐ129.4 billion) and Vietinbank (CTG) (VNĐ117.7 billion). They were net sellers on the HNX with a value of VNĐ5.49 billion.

The VN30-Index gained 0.49 per cent, or 6.46 points, to finish Tuesday's trade at 1,312.68 points. Fourteen of the 30 biggest stocks in the VN30 basket increased while 15 declined.

Among the gainers were Phát Đạt Real Estate (PDR), Vietcombank (VCB), Vinhomes (VHM), Mobile World Group (MWG), Vinamilk (VNM) and Khang Điền House (KDH), gaining over 3 per cent.

The banking group also rose strongly with Vietcombank (VCB), Vibank (VIB) and Saigon-Hanoi Bank (SHB) gaining over 2 per cent.

On the Hà Nội Stock Exchange, the HNX-Index gained by 0.25 per cent to close Tuesday at 296.48 points.

Nearly 160.4 million shares were traded on the northern exchange, worth VNĐ3 trillion. — 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

Vietnamese, US firms join hands to develop aviation infrastructure

More than 80 state-owned and private enterprises from Vietnam and the US discussed cooperative opportunities at a recent virtual conference as both sides are making preparations for the launch of direct flights between the two countries.

Economy

Vinamilk up six spots among world’s top 50 dairy producers

The Vietnam Dairy Products Joint Stock Company (Vinamilk) has moved up six places from 42nd to 36th in the Top 50 by Total Sales in Dairy Product Processors (Global), according to the rankings announced by UK-based Plimsoll Publishing Ltd.

Economy

KIDO reports surge in profits

Food producer KIDO Group reported a 34.5 per cent year-on-year rise in net revenues in the first quarter to over VNĐ2.3 trillion (US$101 million).

Economy

Shares hit fresh peak on strong buying force

Shares hit a fresh peak on Monday as strong buying force bolstered market sentiment.

Economy

Steel producers post outstanding results in Q1 on higher rebar price

The surge of steel price since the beginning of 2021 helped many steel producers record good performance in the first quarter.

Economy

Banks watch on loans to potentially risky areas

State Bank of Việt Nam (SBV)’s governor Nguyễn Thị Hồng has directed commercial banks to scrutinise whether a large amount of bank loans in the first quarter flew into potentially risky areas or not to timely take suitable measures.

Economy

Domestic electronic firms urged to enhance capacity, improve linkage with FDI

Enhancing the linkage between domestic and foreign-direct-investment (FDI) electronic enterprises would be an important solution to promote the development of this industry which were now dominated by the FDI sector.

Economy

High-tech poultry incubation factory inaugurated in Tây Ninh

With a total investment of VNĐ200 billion (US$8.66 million), the factory has a designed capacity of over 19 million chicks per year in the first stage, and 38.4 million chicks per year in the second stage.

Economy

Việt Nam’s first high-potency drugs zone opens in Bình Dương

Davipharm, a member of Adamed Group and manufacturer of generic drugs, has set up a high-potency drugs zone for the production of cytotoxic/cytostatic oral solids in Bình Dương, the first of its kind in Việt Nam.