Markets

More than 123.8 million shares were traded in the morning session, worth VND2.4 trillion (US$101.6 million). — VNA/VNS Photo The benchmark VN-Index on the Ho Chi Minh Stock Exchange rose slightly on Thursday morning, driven by investor confidence in the stable movement of indices and positive condition of the global market. The benchmark VN-Index gained 0.24 per cent to end at 963.55 points. The southern bourse index had gained 0.70 per cent to close at 961.28 points in the previous session. The HNX-Index on the Ha Noi Stock Exchange fell 0.12 per cent to close at 107.55 points. The Ha Noi index had advanced 1.02 per cent to end at 107.68 points on Wednesday. More than 123.8 million shares were traded in the morning session, worth VND2.4 trillion (US$101.6 million). According to Reuters, US stocks closed up on Wednesday afternoon, though they were well below their session highs as investors pulled back in the last few minutes of trading despite optimism about US-China trade … [Read more...] about VN-Index advances on investor optimisim

IT giant FPT recorded an 11-month revenue and pre-tax profit up 21 per cent and 35 per cent from last year. — Photo FPT IT giant FPT recorded an 11-month revenue and pre-tax profit up 21 per cent and 35 per cent from last year. During the first eleven months of 2018, the company’s revenue and pre-tax profit were estimated at VND20.5 trillion (US$876 million) and VND3.6 trillion. FPT’s post-tax profit reached VND3 trillion, up 20 per cent against last year, and profit margin was 17.4 per cent, 2.3 times higher than the same period last year. Revenue from technology and telecommunication segments contributed 94 per cent to the total revenue. The technology segment recorded revenue and pre-tax profit of VND11.2 trillion and VND1.4 trillion, up 25 per cent and 44 per cent against last year, respectively, equivalent to 106 per cent and 112 per cent of the yearly plan. In the technology segment, the software export sector reported revenue and pre-tax profit of VND7.5 … [Read more...] about FPT sees revenue and profits rise

Vinamilk plans to pay second dividend from February 28, 2019. — Photo brandsvietnam.com Viet Nam Dairy Products Joint Stock Company (Vinamilk) has announced plans to finalise the list of shareholders that will receive its second dividend payment for 2018 on December 28. According to the plan, dividends will be paid in cash at a ratio of 10 per cent, (VND1,000 per share), valuing the deal at more than VND1.74 trillion (US$74.4 million). The dividend payment period is expected to begin on February 28, 2019. On September 26, Vinamilk spent VND2.9 trillion on its first dividend payment for 2018. The company’s dividend payout ratio for this year is 30 per cent, equivalent to more than VND5.22 trillion. According to the financial report of the third quarter of 2018, the company recorded net revenue of nearly VND39.56 trillion, an increase of two per cent over the same period last year. The after-tax profit of shareholders of the parent company reached nearly VND7.93 trillion, … [Read more...] about Vinamilk to pay second round of dividends

The Vietnamese stock market gained slightly on Wednesday morning, driven by petroleum and insurance-finance stocks. - Photo tbck.vn Vietnamese shares advanced slightly on Wednesday morning, driven by petroleum and insurance companies. The benchmark VN-Index on the Ho Chi Minh Stock Exchange gained 0.44 per cent to end at 958.79 points. The southern bourse index had lost total of 0.42 per cent in the previous two days. The HNX-Index on the Ha Noi Stock Exchange was up 0.31 per cent to close at 106.92 points. The Ha Noi index had fallen 0.51 per cent over the previous two sessions. More than 137 million shares were traded in the morning session, worth VND2.72 trillion (US$119.4 million). Petroleum and insurance stocks led the market upturn after the previous two-day decline. Energy stocks benefited from an increase in oil prices as Brent crude advanced 1.2 per cent to trade at $60.91 a barrel. Gaining petroleum stocks included PetroVietnam Gas (GAS), PetroVietnam Drilling and Well … [Read more...] about Petro, insurance stocks drive market up

Shares ended Tuesday morning down, dragged by falling oil stocks due to the slump of global oil prices. — Photo ndh.vn Shares ended Tuesday morning down, dragged by falling oil stocks due to the slump of global oil prices. The benchmark VN-Index on the Ho Chi Minh Stock Exchange edged down 0.26 per cent to close at 953.40 points. The southern market index was down 0.28 per cent to close at 955.89 points on Monday. The HNX Index on the Ha Noi Stock Exchange fell 0.27 per cent to end at 106.53 points. The northern bourse index dropped 0.30 per cent to end at 106.82 points on Monday. More than 105 million shares were traded on the two exchanges, worth VND1.8 trillion (US$79 million). Securities, mining, inancial and banking stocks dragged the stock market down during morning session. According to Reuters.com, oil prices echoed the weakness in global stock markets amid worries about a slowdown in demand, dropping 3 per cent on Monday. US crude futures were last up 27 cents at $51.27 … [Read more...] about Shares down on falling oil stocks