HA NOI (VNS)- Shares extended gains this morning on the HCM City Stock Exchange but lost value on the Ha Noi exchange. The Vn-Index opened low but rises of several large-cap shares lifted it by 0.44 per cent to 388.41 points by the end of the morning's session. Insurer Bao Viet Holdings (BVH) soared 3.9 per cent and property developer Hong Anh Gia Lai (HAG) jumped 3.5 per cent while food processor Masan Group (MSN), Vietcombank (VCB) and PetroVietnam Finance (PVF) rose from 0.5-1.4 per cent. The VN30 tracking the top 30 shares on the bourse was up 0.22 per cent to 454.71 points. Overall, almost 24 million shares, worth VND318.9 billion (US$15.3 million), changed hands. Sao Mai An Giang Construction and Investment (ASM) and Bac Giang Exploitable Mineral (BGM) were the most active stocks this morning with each code seeing nearly 1 million shares traded. ASM gained 2.4 per cent to VND8,600 a share while BGM's increased 1.8 per cent to VN?5,600. On the HA Noi Stock Exchange, … [Read more...] about Blue chips support VN-Index, HNX-Index slides
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Phu Hung Securities to list on HNX today
Phu Hung Securities to list on HNX today By Quoc Hung - The Saigon Times Daily HCMC - Phu Hung Securities Corporation (PHS) will debut today on the Hanoi Stock Exchange, listing 30 million shares on the northern bourse at a reference price of VND20,000 per share, the broker said. Tracy Cheng, general director of PHS, said that "Phu Hung's listing on HNX provides greater liquidity to our investors, while opening the road for Phu Hung's future expansion and growth." He added that Phu Hung has plans to open three additional branches and trading centers by the end of 2010. By the end of 2012, PHS expects to grow its network of branches and trading centers to approximately 30 locations nationwide. The primary investor in Phu Hung Securities is CX (Cayman) Technologies, which is owned by the same family of Taiwanese investors who have successfully carried out several other successful investment projects in Vietnam, including the Phu My Hung Urban Development Project in the city's … [Read more...] about Phu Hung Securities to list on HNX today
HNX switches on automatic report system
By Hong Phuc - The Saigon Times Daily HCMC – Nearly 400 listed firms on the Hanoi Exchange (HNX) are now able to send their reports to the bourse’s system and investors via an automatic system that was launched on Tuesday instead of supplying written documents as previously. The Corporate Information Management System (CIMS) will help release information onto the market in a rapid and accurate way. The new software system helps minimize mistakes and administrative procedures, which is useful for data search of listed firms in the local stock market. The system installment is to enhance the quality of information provided and shorten the time of information announcement at related businesses. It also targets to totally automate the information announcement process among HNX members. Via CIMS, listed enterprises are able to actively report and publicize information to the bourse regulator. Every corporate member will be given one account to access the system as well as … [Read more...] about HNX switches on automatic report system
HNX and IDX get engaged
The Hanoi Stock Exchange (HNX) and the Indonesia Stock Exchange (IDX) entered into cooperation by signing a memorandum of understanding (MOU) on April 14 th in Bali. th Congress of the Asian and Oceanic Stock Exchange Federation (AOSEF) in Indonesia. The MOU will create a legal framework for long-term cooperation in information and experience exchange between the two bourses and provide more business opportunities for investors on the two bourses. In addition, the MOU will open chances for them to support each other in training and business. HNX General Director Tran Van Dung affirmed that the MOU would promote investment in the two stock markets. Source: HNM Translated by Thu Nguyen … [Read more...] about HNX and IDX get engaged
VN-Index regains, HNX-Index on a decline
Vietnamese stock market last week traded mixed with VN-Index regaining 1 percent to 383.4 points, while HNX-Index lost 1.66 percent to 61.15 points. On Ho Chi Minh Stock Exchange (HoSE), total trading volume and value today were about 143 million shares and about VND2.165 trillion. Therefore, The average trading volume and value last week on HoSE reached around 29 million shares and VND433 billion, down 17 percent in volume and 33 percent in value against the previous week. Excluding matching order transactions, the trading value via negotiation method reached some VND773 billion, down 50 percent week on week. STB of the HCMC-based Sacombank led the market in terms of trading volume in value with 34 million shares worth VND528 billion, of which 23 million shares worth VND355 billion were transferred under negotiation method. The price of STB share slipped 1.3 percent week on week to VND14,600 per share. STB was followed by VNM and FPT with trading volume and value … [Read more...] about VN-Index regains, HNX-Index on a decline