Vietnam Equities Rally despite Foreign Selling

Tuan Minh

19:45 14/09/2017

BizLIVE - Expectations for hefty corporate earnings to be reported within three weeks will be positive for the markets to continue going up.

Vietnam Equities Rally despite Foreign Selling

Vietnamese shares are poised to rise further.

The benchmark VN Index of the Hochiminh Stock Exchange (HOSE) on Thursday settled up 0.44% to 806.32, off the intraday high of 807.2 but still above the key psychological threshold of 800 that the index failed to hold on to last week.  
In early trading, bluechips such as FLC Faros (ROS), MBBank (MBB), KIDO Group (KDC) and VPBank (VPB) provided support for the main gauge to approach 805.
Gains were sustained by rallies of oil and gas stock such as PV Gas (GAS), PV Drilling (PVD), PVB and PVT after U.S. oil prices soared 2.2% to $49.3 a barrel – the level last seen in August 9.  
Local shares were mixed during afternoon trade, with large-cap stock such as BVH, FPT, HPG, PLX, and SAB losing ground. The index’s gains were saved by gains in heavyweights such as PV Gas (GAS), Vingroup (VIC), FLC Faros (ROS) and VietJet (VJC).
Foreign investors took the opportunity to net sell 114.46 billion dong ($5 million) in shares listed on the HOSE, especially in Vietcombank (VCB), FLC Group (FLC), Novaland (NVL) and Vinamilk (VNM).
Tomorrow (September 15) is the last day for two foreign-run exchange-traded funds -- Market Vectors Vietnam ETF and FTSE Vietnam ETF -- to finish reshuffling their portfolios. It seemed that the two funds started to restructure their holdings in advance today, according to Artex Securities (ART).
In technical terms, gains in stocks belonging to the oil and gas, banking and securities sectors helped the VN Index advance while the HNX Index of the Hanoi bourse dipped in late trade due to rising selling pressure.
The index is likely to move in the range of 800-810 on Friday, said analysts at MB Securities, advising investors to keep balanced portfolios.  
Speculative money has returned, giving support to the market, Artex Securities said in a daily note.
Expectations for hefty corporate earnings to be reported within three weeks will be positive for the markets to go north further, according to Artex Securities.

TUAN MINH

Giá trong ngày

22.5

-1.0 (-4.26%)
Giá tham chiếu23.5
Giá mở cửa23.2
Giá cao nhất23.5
Giá thấp nhất22.3
Giá đóng cửa22.5
Khối lượng584,650
Giao dịch ròng NĐTNN200
Room nước ngoài còn lại48.7%

Đơn vị giá : 1000 VNĐ

KLCP đang lưu hành (cp)13,500,000
Vốn hóa thị trường (tỷ VNĐ)303.8
EPS 4 quý gần nhất (VNĐ)5,127.1
P/E4.4
Giá trị sổ sách (VNĐ)14,608.6
P/B1.5
Lợi tức cổ phiếu (%)0
NgàyThay đổi giáKL
Khớp lệnh
Tổng GTGD
19/10

22.50

1.00 (4.26%)

584,65013,620,025
18/10

22.90

0.30 (1.29%)

496,89711,664,487
17/10

23.60

0.90 (3.96%)

593,33614,051,642
16/10

22.70

0.00 (0.00%)

264,6706,408,666
13/10

22.60

0.60 (2.59%)

222,0805,334,745
12/10

22.90

1.20 (4.98%)

757,15017,978,987
11/10

23.30

0.40 (1.75%)

976,80023,530,430
10/10

22.30

2.90 (11.51%)

607,60414,319,772
09/10

23.40

1.30 (5.26%)

656,71016,558,355
06/10

25.60

3.30 (14.80%)

1,561,44638,684,419

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Đơn vị GTGD: 1,000 VNĐ

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