FacebookInstagramTwitterContact

 

BORNEO HOUSING AGENCY: Shop House in Seria Town • Industrial Warehouse in Menglait, Gadong for Rent • Shop house in Gadong (Ground Floor) for Rent • Industrial Shops in Bunut for Sale • Land in Jerudong for Sale • • Shop house in Kiarong for Sale (B$380.00) • TEL: +6738732975           >>           Private Company Urgently Need Houses & Flats for Rent in Bandar Seri Begawan, Kindly Contact the ff. nos. for further information: +673 222 0178/+673 873 2975           >>           Mexican Economy To Face Several Uncertainty In 2018, Says Minister           >>           Tokyo Stocks Open Flat As Buying On Wall Street's Lead Offset By Profit Taking           >>           Roundup: Trump Gov't Exploits New York Blast To Push Immigration Reforms           >>           Skiing Brings Winter Sporting Fun To Vast Desert In Inner Mongolia           >>           China Treasury Bond Futures Open Lower Tuesday           >>           Researchers Create Prosthetic Hand That Offers More Lifelike Dexterity           >>           Russian Hackers Steal $10 Million From Atms Through Bank Networks           >>           Tech Pioneers Tell FCC: 'You Don't Understand How The Internet Works'           >>           What Is Mars Made Of? | Composition Of Planet Mars           >>           Superfoods To Combat Arthritis: Ginger, Berries, Fish And Other Anti-Inflammatory Foods           >>          

 

SHARE THIS ARTICLE




REACH US


GENERAL INQUIRY

[email protected]

 

ADVERTISING

[email protected]

 

PRESS RELEASE

[email protected]

 

HOTLINE

+673 222-0178 [Office Hour]

+673 223-6740 [Fax]

 



Upcoming Events


1001 inventions – Fountain
December 13th, 2017 | 09:00 AM


Motorcross Challenge
December 15th, 2017 | 08:00 AM


December Fruit Festival
December 15th, 2017 | 00:00 AM


Mystery On Aisle 5
December 15th, 2017 | 19:30 PM


Entrepreneurship Open Day
December 15th, 2017 | 08:30 AM





Prayer Times


The prayer times for Brunei-Muara and Temburong districts. For Tutong add 1 minute and for Belait add 3 minutes.


Imsak

: 04:45AM

Subuh

: 04:55AM

Syuruk

: 06:19AM

Doha

: 06:43AM

Zohor

: 12:15PM

Asar

: 03:37PM

Maghrib

: 06:09PM

Isyak

: 07:24PM

 



The Business Directory


 

 



Vietnam


  Home > Vietnam


Stocks Up On High Q1 Hopes


A trading scoreboard at the MB Securities Company. The stock market advanced on Monday with high expectations for good corporate earnings reports in the first quarter of this year. - VNS Photo Truong Vi

 


 March 21st, 2017  |  09:02 AM  |   987 views

HÀ NỘI

 

 Shares rose on the two local exchanges on Monday, driven by high investor confidence on expectations of positive earnings reports from listed companies.

 

The benchmark VN Index on the HCM Stock Exchange rose 0.6 per cent to close at 715.07 points, ending positive compared to the decline of 0.6 per cent on Friday.

 

More than 175.28 million shares were traded on the southern bourse, worth VNĐ4.02 trillion (US$179.95 million).

 

The VN Index performed well on Monday after it was put under pressure from exchange-traded funds (ETFs) increasing their trading activities in their first-quarter portfolio reviews, BIDV Securities Corp (BSC) said in a note.

 

“Investor confidence has improved,” BSC said, adding that positive investor sentiment helped lift the stock market in spite of long-term negative effects from the Fed’s rate hike last week and the decline of Faros Construction Corp’s share price.

 

BSC also said in its latest weekly report that investors would turn their attention to stocks with good business prospects and positive information.

 

Finance-banking stocks were the ones that received high interest from investors as they were expected to release positive earnings reports for the first-quarter performances.

 

Eight of the nine listed banks advanced yesterday with Asia Commercial Bank (ACB), Eximbank (EIB), MBBank (MBB), Sacombank (STB) and Vietcombank (VCB) among the biggest gainers.

 

The insurance sector was driven up by Bảo Việt Holdings (BVH), while brokerage firms that saw share prices increase were HCM City Securities Corp (HCM), MB Securities Corp (MBS), Sài Gòn Securities Inc (SSI) and VNDirect Securities Corp (VND).

 

Other blue chips also supported the positive direction of the stock market, including Vietjet Aviation JSC (VJC), southern brewer Sabeco (SAB), consumer goods producer Masan Group (MSN) and steel makers Hòa Phát Group (HPG) and Hoa Sen Group (HSG).

 

On the opposite side, dairy producer Vinamilk (VNM), Faros Construction Corp (ROS) and property developer Vingroup (VIC) declined and prevented the southern market from rising higher.

 

“The VN Index may continue to move in the range of 710 and 720 points as there is not much positive market news that could lift the index further,” BSC said.

 

Investors must keep a close watch on the movement of some large-cap stocks such as ROS as that stock has fallen for three consecutive days and its negative trend would have negative impact on the stock market, BSC added.

 

On the Hà Nội Stock Exchange, the HNX Index added 0.7 per cent to end at 89.03 points. The northern market index has rallied a total 2.3 per cent in the last five sessions.

 

More than 50.6 million shares were exchanged in the northern market, worth VNĐ656.8 billion. — VNS

 

 


 

Source:
courtesy of VIET NAM NEWS

by Viet Nam News

 

If you have any stories or news that you would like to share with the global online community, please feel free to share it with us by contacting us directly at [email protected]

 

Related News


EIS Covers 935,000 In Sabah

 2017-12-12 08:41:09

Chinese Rooftop Climber Dies In 62-Storey Fall

 2017-12-12 08:51:22

Saudi Arabia Plans To Raise Gas Prices By 80% In January

 2017-12-12 09:42:38