vietnam index up 114 on positive macro data
Last Updated : GMT 02:09:47
Arab Today, arab today
Arab Today, arab today

Vietnam index up 1.14% on positive macro data

Arab Today, arab today

Arab Today, arab today Vietnam index up 1.14% on positive macro data

Hanoi - Arabstoday

The Ho Chi Minh Stock Exchange’s VN Index gained 1.14  per cent, or 5.16 points, to close at 459.26 points on Monday. Foreigners bought 155.13 billion dong ($7.43 million) worth of shares and sold stocks valued at 60.61 billion dong, the exchange said. Doan Tran Phuong Phi, head of brokerage, Ho Chi Minh City Securities: “More traders jumped in to buy on positive macro-economic data, including lower-than-expected monthly inflation in March.” “The gain was also supported by rising foreign buying. There were signs of fresh foreign inflows.” “Stocks are likely to hit strong resistance levels at 480 points in the main market, and 78-80 points in the Hanoi exchange.” “The economic growth slowed to a three-year low in the first quarter as domestic production stagnated and consumption shrank due to high inflation and high interest rates.” Tran Minh Hoang, analyst, Vietcombank Securities: “Stocks extended the gaining streak on positive macro data. Fresh cash inflows may rise further. Securities, food and foodstuff, rubber stocks and some real estate firms are likely to outperform in the next rally.” Raphael Wilhelm, tactical strategist, Ho Chi Minh City-based and open-closed T.I.M. Vietnam Tiger Fund: “A falling CPI is undoubtedly the main catalyst for the Vietnamese stock market as a drop in inflation leads to lower interest rates, further stabilise the VND/USD exchange rate and dampen local demand for gold. Local investors, still accounting for 80 per cent of the trading volume, therefore continue to switch into stocks at the expense of gold or cash holdings.” “The Vietnamese market has experienced a nice run-up since mid-January 2012, accompanied by a pick-up in trading volume, but the market is still trading more than 60 per cent below its 2007 high.” “We believe that the long-term bull cycle has just started, on the back of faster-than-expected improvements across the board on the macro side, combined with still the cheapest multiples among southeast Asian markets. Our price target for 2012 is at 600 for the VN Index, therefore an upside of 30 per cent from today’s levels.” Giang Trung Kien, head of analysis, FPT Securities:

arabstoday
arabstoday

GMT 11:50 2017 Tuesday ,21 November

European stocks shrug off Germany's political woes

GMT 03:59 2017 Tuesday ,21 November

Weekly inflation decreases by 0.88%

GMT 23:50 2017 Monday ,20 November

Bahrain Bourse daily trading performance

GMT 14:54 2017 Sunday ,19 November

Bahrain Bourse daily trading performance

GMT 03:16 2017 Saturday ,18 November

Asian markets head for positive end to volatile week

GMT 11:57 2017 Friday ,17 November

US stocks boosted by solid Wal-Mart, Cisco earnings

GMT 06:51 2017 Friday ,17 November

Bahrain Bourse daily trading performance

GMT 03:57 2017 Thursday ,16 November

Stock markets retreat as oil slides
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

vietnam index up 114 on positive macro data vietnam index up 114 on positive macro data

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

vietnam index up 114 on positive macro data vietnam index up 114 on positive macro data

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Visit Jamaica for more than just sun

GMT 09:45 2017 Tuesday ,21 November

Visit Jamaica for more than just sun
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today UN warns of conflict in Gaza

GMT 08:39 2017 Tuesday ,21 November

UN warns of conflict in Gaza
Arab Today, arab today Missouri problem mirrors woes

GMT 06:46 2017 Tuesday ,21 November

Missouri problem mirrors woes
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Fedra happy for “Between Two Worlds” success

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 12:15 2017 Friday ,17 November

Mona Abdel Ghany increased artistic activities

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 00:54 2017 Monday ,20 November

Mideast in danger as London explores

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday