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Posts Tagged ‘Stocks’

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Stocks wrap week with happy ending

In Uncategorized on December 17, 2010 at 7:56 am

Vietnam’s benchmark VN-Index rebounded on December 17 to end week in green, thanked to high demand and good news.

The Ministry of Industry and Trade announced that it would not raise gasoline prices until the end of Tet holidays.


The shares of 272 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange revived 1.06 percent, or 5.08 points, to close at 485.29 points.


On the benchmark, 215 stocks leaped forward, 32 dropped, while 30 treaded water.


Trading volume slightly fell over the previous trading session. Around 74.15 million shares changed hands at a value of VND1.8 trillion.


Tan Tao Investment Industry Corporation (ITA) topped the list of most active shares in volume for the second day with 4.82 million shares changing hands.


Quoc Cuong Gia Lai Joint Stock Company tagged along with 4.12 million shares traded, followed by Saigon Securities Inc. (SSI), the country’s largest brokearge, with 3.85 million shares.


Winners on the city bourse included sweets producer Bibica Corporation (BBC), Investment and Trading of Real Estate Joint Stock Company (ITC), Song Da Urban & Industrial Zone Investment and Development Joint Stock Company (SJS), and Tai Nguyen Corporation (TNT). They all climbed up the daily maximum allowed limit of 5 percent.


Construction company Lilama 10 Joint Stock Company (L10) pared its three-day losing streak, growing 4.98 percent to VND23,200.


Techno – Agricultural Supplying Joint Stock Company (TSC) restored 4.97 percent to VND19,000.


Vincom Joint Stock Company (VIC) collapsed for second day, erasing 4.9 percent to VND97,000.


Materials – Petrolium Joint Stock Company (COM) descended 4.88 percent to VND35,100.


Transforwarding Warehousing Joint Stock Corporation (TMS) went down 4.83 percent to VND27,600.


Meanwhile, the Hanoi’s HNX-Index jumped 3.7 percent, or 4.27 points, to close at 119.7 points. Around 57.4 million shares changed hands at VND1.11 trillion.


The UPCom-Index also inched up by 0.43 points to 41.46 points this morning. A total of 234,275 shares changed hands at a value of VND3.35 billion.

Source: SGGP

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Bank stocks help rally markets

In Uncategorized on December 16, 2010 at 9:26 pm




Bank stocks help rally markets


QĐND – Thursday, December 16, 2010, 21:2 (GMT+7)

Stock indices rose steadily on Dec. 15 after the previous trading session’s modest retreat with bank shares again performing strongly.


On the HCM Stock Exchange, three out of four banking stocks to post gains hit their ceiling prices, as did four out of five on the Hanoi exchange. Hanoi Housing Bank (HBB), with 12.6 million shares changing hands, was again the most heavily-traded share nationwide.


The Government decision to extend the deadline for credit institutions to comply with higher charter capital requirements seems to have further lifted investor expectations of a long-term market rise, especially among banking shares.


Le Dat Chi, head of HCM City Economics University ‘s corporate finance faculty, said that when small banks were not under pressure to raise capital, interest rates could stabilise, a good sign for the stock market.


“The extension decision relieved investor psychology which has long been repressed by fear that capital flows were being diverted to banks under pressure to increase capital and adding to the pressure of increasing share supplies,” Chi said.


A large amount of money that had been prepared for this capital increase could also end up being temporarily invested in the stock market, he added.


Bao Viet Securities Co analyst Nguyen Duc Thi agreed that the extension would reduce difficulties for banks which may have had to borrow at any cost to meet the charter capital requirements – but he was also relatively surprised that the term had been extended up to one year instead of six months, as had been requested by the State Bank of Vietnam.


On the HCM Stock Exchange on Dec. 15, the VN-Index closed up 0.78 percent to 493.47 points. The value of trades decreased 33 percent from the previous day’s session, however, to 2.2 trillion VND (109.4 million USD), on a volume of 95.6 million shares.


Decliners continued to outnumber advancers by 146-77, but gains in a number of leading shares helped offset losses, including insurer Bao Viet Holdings (BVH), Phu My Fertilisers (DPM), Masan Group (MSN) and real estate developer Vincom (VIC).


On the Hanoi Stock Exchange, the HNX-Index closed at 120.60 points, a gain of 0.83 percent. The value of trades reached 1.55 trillion VND (77.8 million USD), with nearly 79 million shares changing hands.


Foreign investors remained net buyers on the HCM City market on Dec. 15 by a net of almost 48 billion VND (2.4 million USD) but were net sellers in Hanoi market of 3.4 billion VND (170,000 USD) worth of shares.


Source: VNA


Source: QDND

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Banking stocks support markets’ recovery

In Uncategorized on December 16, 2010 at 10:06 am

Vietnam’s benchmark VN-Index rebounded on December 15 as banking shares once again buoyed stocks on the Ho Chi Minh Stock Exchange.

The gauge of 271 companies and five mutual funds restored 0.78 percent, or 3.82 points, to close at 493.47 points.


On the benchmark, 77 stocks advanced, 146 fell, while 53 were unchanged.


Trading volume on the city bourse remained on high level. Around 95.68 million shares changed hands at a value of VND2.18 trillion.


Saigon Thuong Tin Commercial Bank or Sacombank (STB) became the most active share on the benchmark with 9.16 million shares changing hands, followed by Tan Tao Investment Industry Corporation (ITA) with 6.06 million shares.


Saigon Securities Inc. (SSI), the country’s largest brokerage, came next with 5.39 million shares traded.


Vinafco Joint Stock Corporation (VFC) increased for five consecutive days, gaining 4.97 percent to VND19,000.


Viet Nam Joint Stock Commercial Bank for Industry and Trade or Vietinbank (CTG) surged for the fourth straight day, emerging 4.95 percent to VND21,200.


Hanoi-based technology company CMC Corporation (CMG) revived 4.92 percent to trade at VND19,200.


Tay Bac Minerals Investment Joint Stock Company (KTB), Saigon Beverages Joint Stock Company (TRI), and Viet – Han Corporation (VHG) all plunged the daily maximum allowed limit of 5 percent to VND24,700, VND5,700, and VND17,100 respectively.


Vien Dong Investment Development Trading Corporation (VID) sank the second day, losing  4.96 percent to VND11,500.


Vimedimex Medi – Pharma Joint Stock Company (VMD) eroded 4.92 percent to VND30,900.


The smaller bourse on the north also performed well as the Hanoi’s HNX-Index climbed 0.83 percent, or 0.99 points, to close at 120.6 points. Trading volume sharply dropped over the previous trading session as just nearly 79 million shares changed hands at VND1.55 trillion.


Meanwhile, the UPCom-Index also added up by 0.19 points to 42.19 points this morning. A total of 216,534 shares changed hands at a value of VND2.9 billion.

Source: SGGP

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Stocks nosedive as investors lose confidence

In Uncategorized on November 15, 2010 at 8:54 am

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Asia stocks mostly down, Japan gains on GDP report

In Uncategorized on November 15, 2010 at 6:29 am

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Stocks march south

In Uncategorized on October 27, 2010 at 9:11 am

Movements of VN-Index on October 27. (Photo: vietstock.vn)The VN-Index, a measure of 266 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange, erased previous gains on October 27 as investors dumped shares on speculation that stocks would make corrections the next days.

The benchmark tumbled 1.12 percent, or 5.11 points, to close at 450.01 points.


Liquidity on the city bourse declined by 20 percent over the previous trading session as just 28.5 million shares changed hands at VND720.5 billion.


On the index, 43 stocks advanced, 183 dropped, while 45 treaded water.


Saigon Thuong Tin Commercial Bank or Sacombank (STB), one of the top listed lenders, took the spot of most active share in volume with 1.75 million shares changing hands.


Sugar producer Société De Bourbon Tay Ninh (SBT) followed with 1.1 million shares, tagged along by Ocean Group Joint Stock Company (OGC) with 992,490 shares.


Khanh Hoa Power Joint Stock Company (KHP) gave up 6.14 percent to VND10,700. The company will pay dividends for the first term of this year in cash at a ratio of 5 percent to its current shareholders on November 11.


The newly listed Dam Sen Water Park Corporation (DSN), Hoang Quan Consulting – Trading – Service Real Estate Corporation (HQC), and VIET NAM ACTIVE FUND (VFMVFA) all contracted 5 percent to VND22,800, VND32,300, and VND7,600 respectively.


North Kinh Do Food Joint Stock Company (NKD) advanced 4.94 percent to VND42,500.


Cuu Long Pharmaceutical Joint Stock Corporation (DCL) increased the first time in six days, gaining 4.91 percent to VND40,600.


Tan Tien Plastic Packaging Joint Stock Company (TTP) reversed a previous loss of 4.38 percent, climbing 4.9 percent to trade at VND32,100.


The northern bourse also finished in red as the Hanoi’s HNX-Index collapsed 2.38 points, or 2.07 percent, to 112.53 points. Trading volume fell by 30 percent over the previous day to around 24.1 million shares traded at VND487.9 billion.


The UPCoM-Index sliced 0.6 points to 42.38 points as of 11:10 am local time. A total of 95,250 shares changed hands at VND0.95 billion.

Source: SGGP

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Asian stocks weighed by US outlook worries

In Uncategorized on October 27, 2010 at 9:10 am

HONG KONG, Oct 27, 2010 (AFP) – Stock markets mostly fell in Asia Wednesday on uncertainty about the US outlook and lower-than-forecast Australian inflation data that dampened rate-hike expectations.


Japan’s Nikkei index ended up 0.10 percent, or 9.65 points, at 9,387.03, but Sydney closed down 0.85 percent, or 39.7 points, at 4,648.1 and Seoul was down 0.51 percent, or 9.87 points, at 1,909.54.


Hong Kong’s Hang Seng index was off 1.60 percent by lunch and Shanghai was down 0.20 percent in the afternoon.


Tokyo was lifted by optimism about first-half earnings this week from major Japanese companies and a slightly stronger dollar, which helps the country’s key export sector.


However Australian stocks fell after the announcement that annual inflation was at a lower-than-expected 2.8 percent, reducing the likelihood of a rate hike.


The news caused the Australian dollar to slip further from the record high reached earlier this month, when it briefly achieved parity with the greenback.


The Aussie dropped more than half a US cent and was trading at 97.30 US cents.


Sentiment in Hong Kong was muted ahead of a meeting next week of the US Federal Reserve’s Federal Open Market Committee that is expected to unveil new stimulus measures to boost the country’s jobless recovery.


Expectations of further US quantitative easing helped push up Asian markets earlier this month, but this effect has tailed off amid uncertainty about the degree of US central bank intervention.


Commodity producers were down in Hong Kong and on the mainland due to worries that a strengthening dollar would hit their sales.


Major player China Coal lost ground in Hong Kong after a long rally, as did oil and gas companies such as Sinopec. Car maker BYD Auto dived 8.32 percent after results pointed to a 99 percent plunge in profits year-on-year for the three months to September.


“The market has been awaiting a reason to consolidate and the dollar strength may continue to exert pressure on commodity prices, hence stocks, near-term,” Daniel So, analyst at Sun Hung Kai Financial, told Dow Jones Newswires.


Wall Street closed barely higher on Tuesday after data showed a slight improvement in consumer confidence and sentiment was lifted by positive corporate earnings data. A strengthening dollar put paid to any hopes of larger gains.


The Dow Jones Industrial Average was up 0.05 percent, while the Nasdaq rose 0.26 percent.


The Conference Board consumer confidence index for October — a pivotal indicator of US economic health — stood at 50.2, up from 48.6 in September, beating analysts’ consensus forecast of 49.0.


Japan’s currency has this month neared its post-war high of 79.75 to the dollar reached in 1995. But on Wednesday the greenback was changing hands at around 81.74 yen, up from 81.43 in New York late Tuesday.


The euro fetched 1.3817 dollars, down from 1.3857 dollars in New York. It bought 112.96 yen from 112.68 Tuesday.


On oil markets a predicted surge in US crude inventory data dragged down prices in Asian trade, analysts said.


New York’s main contract, light sweet crude for December delivery, fell 47 cents to 82.08 dollars a barrel. Brent North Sea crude for December dipped 38 cents to 83.28 dollars.


Gold opened at 1,339.00-1,340.00 US dollars an ounce in Hong Kong, up from Tuesday’s close of 1,335.00-1,336.00 dollars.



In other markets:


— Manila closed 0.13 percent higher, or 5.54 points, at 4,285.07.


Top-traded Cebu Pacific airlines, which made its debut on the exchange Tuesday, fell 1.5 percent to 131 pesos. But Banco de Oro Unibank gained 1.58 percent to 60.95 pesos while Metropolitan Bank and Trust Co. rose 4.62 percent to 79.25 pesos.


— Taipei fell 0.63 percent, or 52.19 points, to 8,291.04.


Taiwan Semiconductor Manufacturing Co was 0.48 percent lower at 62.0, while MediaTek, the island’s leading integrated circuit design house, fell 2.54 percent to 383.0.


— Wellington fell 0.16 percent, or 5.10 points, to 3,280.34.


Telecom NZ closed down 1.5 percent at 2.04 New Zealand dollars, Air New Zealand was steady at 1.34 and Fletcher Building slipped 0.8 percent to 8.02.

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Source: SGGP

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Stocks nosedive over bad news

In Uncategorized on October 21, 2010 at 11:52 am

Movements of VN-Index on October 20. (Photo: vietstock.vn)Vietnam’s benchmark VN-Index plummeted the most in one month on October 20 as investors lost patience on speculation that losing trend would maintained further. Most investors resigned themselves cutting losses at the lowest prices.

In addition, tumbles of global stock markets because of an unexpected interest-rate increase by China also damaged local investors’ confidence.


The shares of 264 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange plunged 2.66 percent, or 12.08 points, to finish at 442.17 points.


Trading volume significantly improved over the previous trading session. Around 41.25 million shares changed hands at more than VND1 trillion, an increase of 22.6 percent in volume and 12.33 percent in value.


Among the index members, only 15 stocks advanced, 236 slumped, while 18 moved flatly.


Ocean Group Joint Stock Company (OGC), which traded 1.55 million shares today, was the most active share in volume.


Refrigeration Electrical Engineering Corporation (REE) followed with 1.42 million shares changing hands.


Investment and Trading of Real Estate Joint Stock Company (ITC) came in third with 1.27 million shares.


On the measure, there were 11 shares which sank the maximum allowed limit of 5 percent, leading by sweet producer Bibica Corporation (BBC), Cadovimex Seafood Import-Export and Processing Joint Stock Company (CAD), and Saigon Garment Manufacturing Trade Joint Stock Company (GMC).


Today, 799,927 bonus shares that Cadovimex Seafood Import-Export and Processing Joint Stock Company (CAD) issued to reward its current shareholders officially traded on the city bourse.


Among a few gainers, DESCON Construction Corporation (DCC) surged 4.69 percent to VND26,800.


The smaller bourse in the north also nosedived as the Hanoi’s HNX-Index collapsed 3.67 percent, or 4.28 points, to close at 112.28 points. Liquidity increased by 27.94 percent in volume and 12.81 percent in value as 35.6 million shares traded at VND662.75 billion.


The UPCoM-Index clipped 0.29 points to 42.73. Around VND3.28 billion were spent on 237,000 shares this morning.

Source: SGGP

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Stocks gain on good news

In Uncategorized on October 14, 2010 at 6:31 pm

Movements of VN-Index on September 28. (Photo: vietstock.vn)Stocks on the Ho Chi Minh Stock Exchange rose on September 28 as the amended Circular 13 promises to create better conditions for cash flow and stock markets.

The State Bank of Vietnam would continue to keep benchmark interest rate at 8 percent in October. In addition, Vietnam’s GDP exceeded a year’s goal for the first time, helped to brighten the economic picture.


VN-Index, which tracks 259 companies and five mutual funds, bounced 1.1 percent, or 4.93 points, to finish at 455.13 points, the highest level in the past five trading sessions.


Liquidity on the city bourse increased 5 percent in volume, and 10 percent in value over the previous day. Around 38.9 million shares changed hands at a value of VND1.05 trillion.


On the index, there were 150 winners. The number of losers was the same as the number of unmoved stocks at 57.


Saigon Thuong Tin Commercial Bank or Sacombank (STB) won the position of most active share by volume with 3.06 million shares changing hands.


Ocean Group Joint Stock Company (OGC) fell to the second rank with 2.68 million shares traded.


Petro Capital & Infrastructure Investment Joint Stock Company (PTL) came in next with 1.22 million shares.


Nari Hamico Minerals Joint Stock Company (KSS), which sprang 4.96 percent to VND36,000, was the biggest gainers.


Binh Thuan Hamico Mineral Joint Stock Company (KSA) and South Logistics Joint Stock Company (STG) both advanced 4.76 percent to VND55,000, and VND35,200 respectively.


From September 6 to 20, Saigon Thuong Tin Investment Co., major shareholder of South Logistics Joint Stock Company (STG), sold 386,000 shares, reducing its holdings to 386,619 shares, accounting for 4.63 percent of the company’s issued shares, to restructure its investment category.


Construction company Chuong Duong Corporation (CDC) climbed 4.73 percent to VND31,000.


Decliners included TMT Automobile Joint Stock Company (TMT), Viet Thang Aquafeed Joint Stock Company (VTF), and Saigon Fuel Company (SFC).


The smaller bourse in the north also edged up as the Hanoi’s HNX-Index added 0.24 points, or 0.18 percent, to 130.17 points. Trading volume on the northern floor jumped by 30 percent over the previous session as 34.6 million shares traded at VND981 billion.


The UPCoM-Index inched up 0.17 points to 47.13. The market of unlisted shares saw 0.25 million shares changing hands, worth VND4.2 billion, as of 11:15 am local time.

Source: SGGP

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Stocks slump as investors sell heavily

In Uncategorized on October 14, 2010 at 6:30 pm

Movements of VN-Index on October 4. (Photo: vietstock.vn)The VN-Index, a measure of 261 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange, tumbled on October 4 as investors dumped shares on speculation that stocks would decline further.

The benchmark slashed 1.3 percent, the highest level since September 23, or 5.88 points, to close at 455.83 points.


Liquidity on the city bourse improved by 20 percent over the average level of last week as more than 50 million shares changed hands at VND1.22 trillion.


On the index, only 18 stocks advanced, 219 dropped, while 29 treaded water.


Ocean Group Joint Stock Company (OGC) was the most active share by volume with 2.07 million shares changing hands.


It was followed by Saigon Thuong Tin Commercial Bank or Sacombank (STB) with 1.424 million shares.


Investment and Trading of Real Estate Joint stock Company (ITC) chased after with 1.42 million shares.


Dream House Investment Corporation (DRH) dived 14.29 percent to VND13,200. The company will issue 5.01 million shares. Of which, 749,500 shares are bonus shares, and the same amount is to pay dividends for its current shareholders at a ratio of 100:5.


The company will sell 1,798,800 shares to its current shareholders at a ratio of 100:12, and 112,200 shares to its employees at a price of VND10,000 per share. It will also sell 1.6 million shares to major investors at a price not less than VND16,000 per shares.


The company is expected to collect VND44.71 billion after the sale.


Other losers included DESCON Construction Corporation (DCC), Tay Bac Minerals Investment Joint Stock Company (KTB), and Sai Gon Telecommunication & Technologies Corporation (SGT).


Among a few gainers, Dinh Vu Port Investment & Development Joint Stock Company (DVP) emerged 3.94 percent to VND36,900.


Beton 6 Corporation (BT6) advanced the first time in three straight trading sessions, adding up 2.9 percent to VND71,000.


The northern bourse also opened week in red as the Hanoi’s HNX-Index contracted 4.89 points, or 3.89 percent, to 120.92 points. Around 44 million shares were traded at a value of VND931 billion, the most impressive trading result in the past ten sessions.


The UPCoM-Index sliced 0.28 points to 45.26 points as of 11:10 am local time. A total of 250,000 shares changed hands at VND4.2 billion.

Source: SGGP