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Tag: VNindex

  • VN-Index Soars as Trading Activity Reaches Two-Week Peak

    VN-Index Soars as Trading Activity Reaches Two-Week Peak

    In an exciting turn of events for investors, Vietnam’s benchmark VN-Index soared by 1.26% to close at 1,283.26 points on Monday, marking the highest trading activity the market has seen in the last two weeks. The index rebounded 15.96 points after a dip in the previous session, signaling a renewed vigor among traders.

    Trading volumes on the Ho Chi Minh Stock Exchange saw a remarkable 25% uptick, reaching VND21.64 trillion (approximately US$833.4 million). This surge reflects a growing confidence in the market as investors gravitate towards promising opportunities.

    Among the standout performers, the VN-30 basket, which tracks the 30 largest stocks by market capitalization, saw an impressive 27 of its members gain ground. Techcombank (TCB) led the charge with a remarkable leap of 6.52%, while TPBank (TPB) and Vietnam Rubber Group (GVR) followed closely with increases of 4.98% and 4.88%, respectively. However, not all stocks sang the same tune; the Masan Group (MSN) slid by 1.27%, and steel manufacturer Hoa Phat Group (HPG) fell 0.97%.

    Despite the rally, foreign investors took a cautious stance, selling off over VND293 billion worth of stocks, predominantly involving Vietcombank (VCB) and HPG. In contrast, the HNX-Index—representing stocks on the Hanoi Stock Exchange—rose by 1.71%, and the UPCoM-Index for Unlisted Public Companies climbed a modest 0.2%. Clearly, the market is bouncing back, reminding everyone why we love the thrill of investing.

    Questions & Answers

    What drove the VN-Index’s surge on Monday?
    A wave of investor confidence, coupled with a significant increase in trading volume, sparked the VN-Index’s rise, showcasing a renewed interest in Vietnamese stocks.

    Which stocks performed the best?
    Techcombank (TCB) led the pack with a remarkable 6.52% increase, joined by TPBank (TPB) and Vietnam Rubber Group (GVR), which also made notable gains.

    Was there any negative activity in the market?
    Yes, foreign investors were net sellers, offloading over VND293 billion in shares, particularly focusing on Vietcombank (VCB) and Hoa Phat Group (HPG).

  • Vietnam stock market 7th biggest gainer globally

    Vietnam stock market 7th biggest gainer globally

    Vietnam’s stock market was the seventh biggest gainer last year at 35.7 percent, outperforming regional peers, as new retail investors rushed to a new asset for profit.

    With the benchmark VN-Index rising 394 points to close the year at 1,498 points, Vietnam listed among the top 10 gaining stock markets in the world with Abu Dhabi, Argentina, and Iceland in the top 3.

    In Asia, Vietnam outperformed major markets like Taiwan (24 percent), Thailand (14 percent), and Indonesia (10 percent).

    Some markets like Malaysia and Hong Kong posted a decline.

    2021 was the third year in a row the VN-Index went up. Growth was 7.6 percent and 14.7 percent in the previous years.

    Growth exceeded forecasts of several brokerages at around 1,300 or 1,400 points.

    Several analysts said with a price-to-earnings ratio of 17.47, the Vietnam market is still “cheaper” than others in the region.

    The main bourse, Ho Chi Minh Stock Exchange (HoSE), closed the year with a market cap of VND5,830 trillion ($256.21 billion).

    Brokerage VNDirect has forecast the VN-Index could reach 1,700 points this year.