Market wrap: Stocks slip, led by VIC, VHM and SAB. The VN-Index opened the week by declining three tenths of a percent on Monday. VIC (-1.5%) was the leading contributor to the loss and has fallen in three consecutive sessions. VHM (-1.3%) also dropped. On the other hand, VRE (+1.0%) was among the top contributing gainers of the day. It was a mixed day for beer manufacturers. SAB (-2.4%) snapped a streak of three straight positive sessions while BHN (+3.4%) shot up to a two-week high.
Market wrap: Stocks slide to close week. After spending most of the day in positive territory, the VN-Index fell during afternoon trading on Friday to close down three tenths of a percent. For the week, the index was up a mere one hundredth of a percent. In the food and beverage manufacturing sector, VNM (-1.0%) and MSN (-1.2%) both dropped. Meanwhile, SAB (+1.0%) was the leading contributor among gainers and has jumped more than 6% in the last two weeks.
On Thursday, the VN-Index reached a seven-week high as it climbed a half of percent for the second consecutive session. Global markets were generally up following U.S. Fed Chairman Jerome Powell hinting at an interest rate cut during testimony in front of Congress on Wednesday. Banks were the strongest sector of the day’s trading. VCB (+2.1%) was the leading contributor to the day’s gain, followed by BID (+3.2%), CTG (+2.6%) and TCB (+1.4%). HVN (+1.0%) increased for the second straight
The VN-Index increased by a half a percent on Wednesday as 21 of the 30 companies in the VN30 Index advanced. For the second straight day, GAS (+1.3%) was top contributor to the gain. Since the beginning of July, GAS is up 8.5% and has only experienced two negative sessions. SAB (+1.4%) has gained in 11 out of the last 14 trading sessions. Meanwhile, northern beer manufacturer BHN (-1.1%) has fallen more than 4% since the start of the month. VJC (+2.0%) hit a seven-month high
On Tuesday, the VN-Index closed up three tenths of a percent as global investors cautiously await the Fed’s interest rate decision later this month. Trading value on HOSE jumped to USD190.7mn, above the one-month average of USD170mn. GAS (+1.4%) was the top contributor to the day’s gain, followed by VCB (+0.8%) and VRE (+1.7%). MWG (+2.9%) jumped and has increased more than 19% over the past three months. VGC (+4.4%) has gained nearly 7% since July
Market wrap: Stocks fall, led by VHM and banks. The VN-Index declined nine tenths of a percent on Monday, which mirrored other Asian markets that tumbled after strong U.S. employment data released last Friday tempered expectations of a Fed rate cut. VHM (-3.5%) was the leading contributor to the day’s loss as it suffered its largest daily decline since late-February.
Market wrap: Stocks inch up, led by VHM and VRE. The VN-Index closed up two tenths of a percent on Friday. For the week, the index was up 2.7%, which was its largest weekly increase in almost two months. Vingroup’s listed subsidiaries had a positive day. VHM (+1.2%) was the leading contributor to the day’s gain and has climbed nearly 11% since last Thursday. VRE (+2.9%) hit a six-week high. Parent company VIC (+0.2%) also gained. KBC (+2.3%) gained more than 8% over the course of the week.
The VN-Index surged to a five-week high on Thursday as it rose 1.3% after US stocks increased in overnight trading amid expectations of a potential rate cut from the Federal Reserve later this month. Trading value on HOSE jumped to USD190.7mn. Financial tickers had a significant impact on the index. VCB (+4.2%) experienced its biggest single-day gain of 2019, BID (+2.2%) hit a six-week high and TCB (+2.9%) reached a three-week high. VHM (+3.7%) rose to a six-week high. VIC (+1.0%)
The VN-Index inched down two tenths of a percent on Wednesday as investors remain cautious of a worldwide economic slowdown as well as the uncertainty surrounding a potential US-China trade deal. At the conclusion of the day’s trading on HOSE, 138 stocks increased, 140 declined and 104 were unchanged. Banks were mostly down with VCB (-1.3%), EIB (-2.1%), TCB (-0.5%) and MBB (-0.7%) among the day’s top 10 contributing decliners. Conversely, CTG (+1.2%) increased and has gained nearly 8%
The VN-Index fell four tenths of a percent on Tuesday, snapping a streak of two straight positive sessions. VIC (-1.2%) was the leading contributor to the loss. On the other hand, fellow Vingroup subsidiary VRE (+1.0%) hit a two-week high. PLX (+1.4%) has surged nearly 8% in the past two days. VJC (+1.2) has increased almost 9% since June 18. HDB (-1.5%) fell to a two-week low. POW (-1.3%) has declined in 12 out of the last 16 sessions. PPC (+3.4%) climbed