An investor look at stock fluctuations (Photo: VNA)
Hanoi (VNA)💯 – Shares extended gains for a second day on October 28 on both exchanges, driven by strong showings from banks and property developers.
The benchmark VN Index on the HCM Stock Exchange rose 0.8 percent to close at 682.25 points, climbing total 1.3 percent after two sessions.
The HNX Index on the Hanoi Stock Exchange edged up 0.4 percent to end at 83.04 points, up nearly 1 percent after two sessions.
The banking sector led the market on the day, as four of nine listed gains, including Asia Commercial Bank (ACB), Bank for Investment and Development of Vietnam (BID), Vietinbank (CTG) and Saigon-Hanoi Bnak (SHB).
ACB rose 1 percent, BID and CTG advanced 2.4 percent each, and SHB jumped 3.8 percent.
Real estate companies also performed well, with five of the 10 most active stocks coming from the property development sector, including FLC group (FLC) and Tan Tao Investment and Industry Corp (ITA).
FLC was the most active stock with nearly 15 million shares traded, surging 7 percent. ITA was the second most active stock with more than 10.2 million shares traded and closed up 0.6 percent.
Market trading liquidity improved in comparison to October 27 with 2.48 trillion VND (110.3 million USD) worth of nearly 159.5 million shares being traded.-VNA
Vietnamese shares extended losses on October 24 as energy stocks were pulled down by a slide in oil prices and foreign investors increased selling of large-cap stocks
Vietnamese shares on October 25 managed to decline at a slower pace as slight recovery of energy stocks helped offset losses made by blue chips on a strong selling trend.
Shares dropped for a fifth day on the two local exchanges on October 26 , driven by energy stocks following another drop in oil prices while investors remained cautious after a four-day losing streak.
Shares bounced back on the two local exchanges on October 27 from a five-day losing streak, driven by the energy sector following a rebound in oil prices.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
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The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
An investor look at stock fluctuations (Photo: VNA)
