Vietnamese shares settle July 18 at a higher note for the fifth consecutive gaining day, as local investors stepped in to buy amid eased concerns over trade tensions, traders said.
The benchmark VN Index of the Ho Chi Minh City Stock Exchange ended up 21.12 points, or 2.29%, at the intraday high of 942.39, marking the highest close since July 2. This was also the strongest rise of the gauge since May 31, according to exchange data.
Investor sentiment strengthened throughout the trading day as most Asian bourses closed higher today. The US markets post the fourth day of gains on July 17 after Fed Chairman Jerome Power was upbeat on the economy and corporate earnings.
Liquidity improved with 223.94 million shares worth VND4.94 trillion (US$214.8 million) traded, marking the strongest volume over the past month.
Leading the rally were financials such as BIDV (BID), VietinBank (CTG), Vietcombank (VCB), VIB, Saigon Securities (SSI), and Ho Chi Minh City Securities (HCM), and energy stocks like PV Gas (GAS) and PV Drilling (PVD).
After one month of FIFA World Cup, traders are shifting their attention to the local stock market. In addition, cash flows to the derivatives market have narrowed after the stock market watchdog tightened the regulation, giving more room to the underlying share market, a Hanoi-based trader said.
Source: Bloomberg
|
Liquidity improved with 223.94 million shares worth VND4.94 trillion (US$214.8 million) traded, marking the strongest volume over the past month.
Leading the rally were financials such as BIDV (BID), VietinBank (CTG), Vietcombank (VCB), VIB, Saigon Securities (SSI), and Ho Chi Minh City Securities (HCM), and energy stocks like PV Gas (GAS) and PV Drilling (PVD).
After one month of FIFA World Cup, traders are shifting their attention to the local stock market. In addition, cash flows to the derivatives market have narrowed after the stock market watchdog tightened the regulation, giving more room to the underlying share market, a Hanoi-based trader said.
Other News
- 3,400 taels of gold purchased at the first-in-11-year auction
- HoSE to launch KRX-developed transaction system in early May
- Central bank moves gold auction to tomorrow
- Vietnam’s c.bank sells USD to stabilize exchange rate
- Central bank to auction gold to calm domestic market
- Vietnam's Central Bank ready to steady foreign exchange market
- Finance ministry clears bottlenecks to pave way for stock market upgrade
- Over 60% of Vietnamese use QR codes to pay
- Casinos contribute US$370 million to state budget over 5 years
- Standard Chartered and IATA partner to launch IATA Pay in Vietnam
Trending
-
Vietnamese PM outlines five 'reinforcements' at ASEAN Future Forum
-
Vietnam news in brief - April 23
-
3,400 taels of gold purchased at the first-in-11-year auction
-
Voluntary social security should cover larger part of informal sector: Experts
-
ASEAN Future Forum 2024: Promoting regional centrality
-
Central bank moves gold auction to tomorrow
-
[Video]Hanoi beauty spots featured in saxophone legend Kenny G's music video
-
Colorful stage shows in Hoan Kiem Lake pedestrian area
-
It happened as it had to happen