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Stock market VN Index breaks through 730 points 12/Apr/2017 Intellasia| Vn Economic Times All indexes up on positive April 11. All main indexes on Vietnam's stock market closed higher on April 11. On HSX, the VN Index increased 1.46 points (0.2 per cent), the VN30-Index 1.21 points (0.17 per cent), the VNMid-Index 3.24 points (0.35 per cent), and the VNSml-Index 1.02 points (0.21 per cent). On HNX, the HNX-Index gained 0.2 points (0.22 per cent), the HNX30-Index 2.8 points (1.69 per cent), the UPCoM Index 0.39 points (0.69 per cent), and the VNALL-Index 2.57 points (0.24 per cent). Liquidity on HSX reached VND3.1 trillion ($136.8 million), 9 per cent lower than yesterday, and on HNX was VND735 billion ($32.4 million), 12 per cent higher. The VN Index opened at 729.87 points and reached 731.7 points early on then eased slightly before rising again to 732 points, where it remained for some time then closed the morning session at 731.1 points. At the beginning of the afternoon session it fell to 730.6 points then rose to 731.8 points before closing the day's trade at 731.3 points. In food and beverages, KDC and VNM increased 3.5 per cent and 0.6 per cent, respectively. Other large caps fell: BHN by 3 per cent, SBT 1.6 per cent, MSN 0.9 per cent, and SAB 0.7 per cent. In banking, MBB increased 2.3 per cent, CTG 1.1 per cent, and VCB 0.5 per cent. BID closed at its opening price while STB and EIB lost 1.2 per cent and 0.8 per cent, respectively. In energy, PGD and CNG rose 1.9 per cent and 1.1 per cent, respectively, while GAS fell 0.2 per cent. Large caps in real estate to increase included KBC, by 2 per cent, KDH 0.6 per cent, VIC 0.4 per cent, and NVL 0.3 per cent. FLC shed 2 per cent. Among other large caps, MWG increased 1.5 per cent and VJC and ROS 0.8 per cent. BVH and HPG fell 1 per cent and 0.2 per cent, respectively. ROS saw the highest liquidity on HSX, with VND539 billion ($23.7 million), followed by FLC with VND216 billion ($9.5 million), HPG with VND100 billion ($4.4 million), and the largest cap, VNM, with VND66 billion ($3 million). On HNX, SHB increased 7.9 per cent, VCG 1.9 per cent, PVS 1.8 per cent, and VCS 1.1 per cent. NTP and VNR closed at their opening price and ACB lost 2.9 per cent. Foreign investors net sold on HSX by VND312 billion ($13.7 million) and on HNX by VND3 billion ($132,420). http://vneconomictimes.com/article/banking-finance/vn-index-breaks-through-730-points VN Index sets nine-year record 12/Apr/2017 Intellasia| VNS The VN Index closed at 731.3 points yesterday, up 0.2 per cent over Monday's level and a record high since February 20, 2008. Shares rose on both national exchanges, but a correction is looming as the benchmark index continued to set new peaks. The key index has expanded roughly 10 per cent this year. On the Ha Nội Stock Exchange, the HNX-Index also inched up 0.2 per cent to end at 90.6 points, the highest since December 17, 2014. The northern market index has climbed 14.3 per cent compared to the end of 2016. Money flows moved among steel, construction, real estate and securities stocks, and shifted back to large-cap banks and some blue chips. Vietcombank (VCB), Vietinbank (CTG), Military Bank (MBB), VinGroup (VIC), Vinamilk (VNM) and Vietjet Air (VJC) advanced, but PV Gas (GAS), insurer Bao Viet Holdings (BVH), Sacombank (STB), Asia Commercial Bank (ACB) and brewery Sabeco (SAB) declined and dragged down the market. Shares of Bao Viet Holdings and Asia Commercial Bank (ACB) were among noticeable losers, while these businesses reported high profits last year. Profit-taking activities increased in the afternoon trade on the back of rising investor worry over a possible correction. Liquidity increased over Monday with over 296 million shares worth a combined VND4.6 trillion (US$201.8 million) traded in the two markets, up 34.3 per cent in volume and 4.5 per cent in value compared to the previous session. "Although we keep positive market outlook, this is an unpredictable period when cash flows are volatile and differential among stock groups," analysts at Vietnam Investment Securities Joint Stock Company wrote in a report. The continuous breakthrough of the VN Index accompanied by slight increases in recent sessions might indicate a near-term correction, they said and reckoned the VN Index could retreat to 720 points when it touched 735. Foreign investors extended their net buys in the local stock markets, picking up shares worth a net value of VND314.3 billion on Tuesday on the two exchanges. According to the latest report by the National Financial Supervisory Commission, foreign investors have been net buyers on the local securities market since the beginning of this year, for a total of $554 million in the first three months, including bonds worth $418 million and stocks valued at $136 million. http://vietnamnews.vn/economy/374507/vn-index-sets-nine-year-record.html#4iOIk1kixrpvMDKs.97 Shares slow on investor caution 12/Apr/2017 Intellasia| VNA Shares grew at a slower pace on April 11 on the two stock exchanges as investors displayed caution ahead of the annual shareholder meetings of big companies this month. The benchmark VN Index on the HCM Stock Exchange edged up 0.3 percent to close at 729.9 points. The southern market index increased 0.7 percent on April 7 and has expanded 9.7 percent this year. On the Hanoi Stock Exchange, the HNX-Index also inched up 0.3 percent to end at 90.4 points. The northern market index has expanded nearly 13 percent this year. Liquidity decreased with a total of 220.7 million shares worth a combined 4.4 trillion VND (192 million USD) traded in the two markets, down 14.8 percent in volume and 10.2 percent in valued compared to the daily average volume and value recorded last week. According to analysts at Bao Viet Securities Co, the rally of indices was still supported by some large- cap stocks, while cash flows have yet to reach a necessary level, which could make the market volatile. Banks and other financial firms such as Vietcombank (VCB), BIDV (BID), Vietinbank (CTG), Military Bank (MBB), Asia Commercial Bank (ACB) and private equity firm Masan Group (MSN) all declined. On the other side of the fence, securities companies rose strongly, including Saigon Securities Inc (SSI), VNDirect Securities Co (VND), Saigon-Hanoi Securities Co (SHS) and BIDV Securities Inc (BSI) with gains of between 3 and 9 percent each. Some major shares, such as insurer Bao Viet Holdings (BVH), real estate giant VinGroup (VIC), Vietjet Air (VJC), steelmaker Hoa Phat Group (HPG) and brewery Habeco (BHN) also climbed and supported the market. "Investors should avoid aggressive buying when the index has surpassed peaks and wait for clearer signals," Tran Hai Yen, an analyst at Bao Viet Securities Co, wrote in a note. Major companies - Vinamilk, Vietcombank, BIDV, Saigon Securities Inc, VinGroup (VIC) and Vietjet (VJC) - will hold their annual meetings this month and information surrounding these meetings is likely to have an impact on investor psychology. BIDV Securities Co's analysts have warned the market could see a correction if the released earnings reports at these meetings fail to meet investor expectations. http://en.vietnamplus.vn/shares-slow-on-investor-caution/110038.vnp Growth slows on mixed performance of large-cap stocks 12/Apr/2017 Intellasia| VNS Shares edged up on Tuesday morning, but the mixed performance of large-cap stocks restrained market growth. The benchmark VN Index on the HCM Stock Exchange inched up 0.2 per cent to 731.1 points. On the smaller Hanoi Stock Exchange, the HNX Index rose 0.6 per cent to end at 90.9 points. A total of 157 million shares worth a combined VND2.5 trillion (US$110 million) were traded in the two markets. Financial companies lost value in the morning, with the big losers being BIDV (BID), Vietinbank (CTG), Masan Group (MSN), Saigon Securities Inc (SSI) and Sacombank (STB). At the other end of the spectrum, several large-cap stocks such as Vinamilk (VNM), Kido Group (KDC), PV Gas (GAS), PetroVietnam Drilling and Wells Service (PVD), Hau Giang Pharmaceutical (DHG), FPT Corp and Hoa Sen Goup (HSG) buoyed up the market. The shares of budget airline Vietjet (VJC) advanced 0.8 per cent to VND131,800 a share, following the company's proposal to hike its foreign ownership limit to 49 per cent, and pay a 31.6 per cent cash dividend for 2016's earnings and an estimated 30 per cent dividend for 2017. The carrier will seek its stockholders' approval at the annual shareholders' meeting, which is scheduled on April 20. The afternoon session starts at 1pm. http://bizhub.vn/markets/growth-slows-on-mixed-performance-of-large-cap-stocks_285423.html Brokerages: Selling pressure to build up this week 12/Apr/2017 Intellasia| The Saigon Times Securities enterprises have expressed concern over possible high selling pressure this week as the VN Index beat the strong resistance level at 725 points with unsustainable support last Friday.