Vietnamese shares rose on both the northern and southern local exchanges on July 16 as more cash was poured into the banking sector.
Banking stocks push
shares up on July 16. (Photo: VNA)
The benchmark VN-Index on the
Ho Chi Minh Stock Exchange edged up 0.15 percent to close at 911.11 points.
Over 136.2 million shares, worth nearly 3.5 trillion VND (154 million USD),
were traded on the day. There were 154 rising codes, and 107 declining codes on
the bourse.
Regarding the Hanoi Stock Exchange, the HNX-Index gained 0.59 percent to settle
at 103.12 points. More than 37 million shares were sold at over 443 billion VND
(19.49 million USD). The bourse saw 90 advancers, and 63 decliners.
Apart from Techcombank (TCB) and Kienlongbank (KLB) which both experienced
price falls, green margins dominated overall banking stocks, including BIDV
(BID) rising 650 VND to 24,150 VND per share; HDBank (HDB) increasing 100 VND
to 33,550 VND; MBBank (MBB) growing 600 VND to 21,400 VND; and Vietcombank
(VCB) inching 100 VND up to 54,900 VND.
The large-cap VN30 group witnessed a surge in the stocks of Bao Viet Holdings
(BVH), Vietinbank (CTG), Hau Giang Pharmaceutical JSC (DHG), Mobile World
Group (MWG), Vietjet Aviation JSC (VJC), and Vinamilk (VNM).
In stark contrast, a sharp fall was seen in the prices of PetroVietnam Gas JSC
(GAS), Hoa Sen Group (HSG), Hoa Phat Group (HPG), Masan Group (MSN), and
Vingroup (VIC).
In the financial service group, Asia-Pacific Investment JSC (API) rose 2,100
VND to 24,700 VND per share; Ho Chi Minh Stock Exchange (HCM) advanced 1,100
VND to 49,900 VND; and Tri Viet Securities Company (TVB) surged 500 VND to
25,000 VND.
Net buying by foreign investors was strong on the HNX with over 1.6 million
shares worth 28.11 billion VND (1.24 million USD). Vietnam Investment
Securities Company’s (IVS) stocks were the most attractive to foreigners who
net bought a value of over 16.8 billion VND (739,200 USD).
On the HOSE, foreign acquirers net sold over 1.18 million shares at 87.67
billion VND (3.86 million USD).
Source: VNA
Anyone found to be encroaching upon the forest, even if it is just one bamboo shoot, will face penalties. This commitment has been unanimously added into the covenant of Bua Cau hamlet, Hung Son commune in Kim Boi district, to protect the forest.
The Hoa Binh Power Corporation (PC Hoa Binh) has applied synchronous measures to gear up for the coming summer season when power consumption demand surge may cause a risk of power supply disruption.
Appreciating the abundant potential and strengths of his hometown for tourism development, Ha Cong Hung, Deputy Secretary of the youth union of Mai Chau district’s Mai Hich commune, embarked on producing smoked meat with a desire to introduce his homeland's specialty to domestic and international tourists.
Hoa Binh farmers are investing big in their chilli pepper cultivation areas after the first batch of 7.5 tonnes of pickled chilli peppers was shipped to the Republic of Korea (RoK) by Tien Ngan Trade and Investment Co., Ltd last month.
Recognising the role and importance of developing the collective economy, the northern province of Hoa Binh has promptly issued support policies to propel the development of the economy, making important contributions to local socio-economic development.
Prime Minister Pham Minh Chinh attended a groundbreaking ceremony for an electronic printed circuit board (PCB) factory at Da River Left Bank Industrial Park in Hoa Binh province on April 13. The electronic PCB factory is invested by Japan's Meiko Group at a total cost of 200 million USD.
