VN-Index claws back to four figures after two months
In this article (4)
Vietnam’s benchmark VN-Index closed at 1,004.74 points Thursday, reaching four figures for the first time in two months.
It gained 9.2 points.
The HNX-Index on the Hanoi Stock Exchange and the UPCoM-Index for unlisted companies rose by 0.75 percent and 1.01 percent respectively.
The VN30-Index, representing the 30 largest stocks in terms of capitalization, gained almost 8.5 points to finish the day at 971.
Twenty one of the 30 stocks rose, including FPT by almost 1 percent. Hoa Phat steel company (HPG) gained VND1,250 (5.4 cents) and food producer Masan (MSN) by VND1,300 (5.6 cents).
PetroVietnam Gas (GAS), PetroVietnam Oil (OIL) and Binh Son Refinery (BSR) were other prominent gainers.
Fifteen of 17 bank stocks closed in the green. Techcombank (TCB) stock rose by VND1,400 (6 cents) and VPBank (VPB) VND850 (3.7 cents).
Nguyen The Minh, director of analysis at Yuanta Brokerage said the market would continue to rise in the short-term despite fluctuations on the international market.
He expected the VN-Index to touch 1,100 points in the near future.
It started recovering on September 12 after plunging by 18.19 percent in the second quarter to become the worst-performing market in the world.
Questions & Answers
Q.Which specific companies saw their stock prices increase notably on Thursday?
Which specific companies saw their stock prices increase notably on Thursday?
Hoa Phat steel company (HPG) gained VND1,250, food producer Masan (MSN) gained VND1,300, Techcombank (TCB) rose by VND1,400, and VPBank (VPB) increased by VND850. FPT also rose by almost 1 percent.
Q.What is the expected short-term outlook for the market according to an expert?
What is the expected short-term outlook for the market according to an expert?
Nguyen The Minh, director of analysis at Yuanta Brokerage, believes the market will continue to rise in the short-term despite international fluctuations. He expects the VN-Index to reach 1,100 points soon.
Q.When did the VN-Index begin its recovery after its significant decline?
When did the VN-Index begin its recovery after its significant decline?
The VN-Index started its recovery on September 12. This followed a period in the second quarter when it plunged by 18.19 percent, making it the worst-performing market globally.
Reader pulse
What's your outlook for Vietnam's retail sector?
22,085 votes so far