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
The provincial Department of Agriculture and Rural Development on November 20 coordinated with Hai Dang Group Hoa Binh Seafood Company Limited to release 1.5 tonnes of fries into Hoa Binh Lake to regenerate aquatic resources, with a total value of 266 million VND (10,460 USD).
On the afternoon of November 16, Nguyen Phi Long, alternate member of the Party Central Committee and Secretary of the provincial Party Committee, held a reception for a delegation from the Indian Embassy led by Ambassador Sandeep Arya. The delegation included the chairperson of the Indian Chamber of Commerce in Vietnam, embassy personnel, and Indian businesses operating in Vietnam. Accompanying Long at the meeting were leaders of the provincial People's Committee and representatives from various departments and sectors.
Hoa Binh province hosted the "Meet India 2024" conference on November 16, marking a significant step in strengthening bilateral economic ties between Vietnam and India.
In recent times, with its core role in building and fostering great national unity, Cao Phong district's Vietnam Fatherland Front Committee has actively carried out its responsibilities and front work, and closely collaborated with member organisations to encourage locals to implement the Party’s guidelines, and the State’s policies and laws. At the same time, it has worked to promote the dynamism, creativity, and contributions of officials, Party members, and local people to help the district develop further.
From a type of bulb used as a seasoning for daily meals, thanks to the efforts of local authorities and farmers, shallots have become a commercial crop in Yen Thuy district, contributing to promoting the transformation of crop structure in agricultural production, bringing higher incomes to locals.
