14TH NATIONAL CONGRESS OF THE COMMUNIST PARTY OF VIETNAM

First trading sessions after Tet ends on high note

Hai Yen

Feb 17, 2021 / 03:52 PM

Strong attention from investors helped boost banks stocks’ value, but those of petroleum companies were the highlight of this morning trading session with many reached the ceiling, namely PVB, PVC, PVD, PVS, PVT, or PXS.

At the close today [February 17], the first trading session after Tet holiday, the benchmark Vn-Index surged by 40.85 points or 3.66% to 1,155.78, in turn extending the growth momentum from a rise of 31.75 points or 2.93% at the last session before the country’s largest festive period.

Investors at a securities firm in Hanoi. Photo: Viet Dung

The liquidity on the stock market reached an estimated of VND16 trillion (US$690.2 million) today, while foreign investors became net buyers in both three stock exchanges of Hanoi Stock Exchange (HNX), Ho Chi Minh City Stock Exchange (HoSE), and the Unlisted Public Company Market (UPCoM) with a combined transaction value of VND700 billion (US$30.2 million), focusing on bluechips such as VHM, VRE, KBC, HPG, and FUEVFVND.

Stocks from the banking sectors, including ACB, BID, CTG, MBB, VPB, TCB, HDB, also attracted investors, but those of petroleum companies were the highlight of this morning trading session with many reaching the ceiling, namely PVB, PVC, PVD, PVS, PVT, or PXS.

A positive sentiment also spread to stocks from other sectors of real estate, construction, industrial parks, securities, or telecommunications, in turn heating up the stock market on the first trading day.

Since the Vn-Index plunged to a historic slump of 73.23 points late January, or a decline of 6.67% from the previous session, to 1,023.94, the market has been on a strong recovery trend and ended at 1,114.93 at the last trading session before Tet (February 9), up over 31 points, or 2.93% against the previous session.

As of late January, total number of shares listed on the stock market amounted to 101 billion with the market capitalization of over VND3,900 trillion (US$169.3 billion), up 3.32% month-on-month and equivalent to 62.69% of the GDP in 2020.

Investors ramp up investment activities after Tet

17 Feb, 15:09

Before Tet holiday, the stock market showed sign of recovery following a historic slump, while the gold prices on the world market was on the declining trend.

Banks stocks set for strong growth in 2021

16 Feb, 15:38

Banking sector is set to post a strong growth of 21-28% year-on-year in pre-tax profit in 2021, subsequently leading to higher value of banks stocks.

Liquidity soars to record high in Vietnam stock market in January

04 Feb, 14:53

Compared to the same period of last year, liquidity surged a whooping of 291.04% in transaction volume and 334% in value.

Vietnam commits 3% budget to turbocharge AI and data economy

At least 3% of state budget spending will fund digital transformation, accelerating Vietnam’s shift toward a data-driven and AI-powered economy.

26 Feb, 02:46 PM

From labor-intensive to high-tech: Hanoi retrains for global edge

Raising the skill standards of high-tech workers is emerging as a decisive factor in strengthening Hanoi’s competitiveness as the capital accelerates its shift toward a knowledge-based industrial economy.

26 Feb, 09:28 AM

Hanoi craft villages resume production early, aiming for growth in 2026

After the Lunar New Year break, Hanoi’s traditional craft villages have quickly resumed production, fulfilled orders and prepared for new markets while blending heritage craftsmanship with modern technology to strengthen competitiveness and sustain growth in 2026.

24 Feb, 02:58 PM