The Ho Chi Minh Stock Exchange (HoSE) suspended all trading activities for the second consecutive day on Wednesday, citing a software glitch that prevented the exchange from completing its closing procedure on Monday afternoon. All trading activities were suspended at the HoSE through Tuesday with the exchange operator announcing that the suspension would remain effective on Wednesday, without explaining when it would reopen. At around 2:30 pm on Monday, the exchange’s electronic order matching system, which matches buy and sell trades, began to lose signal. HoSE announced later the same day that a software glitch had occurred and that the stock exchange was unable to match closing prices for Monday’s session. The exchange operator immediately notified all of its member companies, assuring them that the technical problem would have no impact on already matched transactions. Investors later confirmed that the incident had caused no financial damage, but expressed their … [Read more...] about Ho Chi Minh stock exchange suspends trading again over software glitch
Ho chi minh stock exchange
It is one of those questions that pop up whenever there is a new gathering of expatriates in Vietnam. Hanoi or Ho Chi Minh City? Which do you prefer? This time it was at a soiree the day after Christmas, or "Boxing Day," as the Brits call it. Around the table were folks from Europe, North America, South America and New Zealand. As the young German explained his preference for Hanoi, I nodded my concurrence. This is a question that divides my wife and I. She was born in Saigon and left a few years later, after it was renamed in honor of the late Vietnamese president Ho Chi Minh. So naturally she thinks of Saigon as home. She speaks with a southern accent and enjoys visiting not-so-distant relatives. She finds the southern food more flavorful, the society friendlier. She does not mind the heat and she likes the hustle and bustle. But I have never lived in Ho Chi Minh City. And Hanoi is starting to feel like. . . well, if not home, then maybe a bit homey. But it is not a matter of … [Read more...] about Hanoi or Ho Chi Minh City?
CPV: Emplementing the resolution of Central Committee of the Vietnamese Communist Party at 9th conference, Ho Chi Minh city committee of the Party and People's committee defined that equitization is one of the most important programs in order to improve competitive capacity of State - owned companies in the period 2003 - 2005. The city will continue to equitize 45 state - owned companies this year. According to the Ho Chi Minh city's renovation and development steering committee, after 4 times implementing equitization, the city has rearched many achievements such as equitizing more than 100 joint - stock companies and establishing 6 corporations. The city also has transfered 5 companies which total capital of more than VND100 billion to the form of corporation. After equitization, these joint - stock companies have done business well, framework of productive and business organisation is very rational. All companies have adapted to market mechanism, improved competitive capacity and … [Read more...] about Ho Chi Minh City reaches many achievements in implementing equitization
The VN-Index edged up 4.43 points to close at 908.37 on Friday, its third incremental rise in a row. Interestingly, there was a 62% increase in the total matching order trade at the Ho Chi Minh Stock Exchange, with 7,093,620 shares changing hands for more than VND627 billion, though the much heavier trading did little to affect the index. Among the bakery stocks, North Kinh Do (NKD) rose VND3,000 and Bien Hoa Confectionery (BBC) added VND3,500 while Kinh Do Food (KDC) lost a surprising VND4,000 despite the approach of mid-autumn, when mooncakes are big sellers. At VND81,000, BBC is by far the cheapest of the three stocks and should hold some allure for investors as its accrued profit for the first two quarters was nearly VND12.4 billion, a hefty increase of 97.8 percent year-on-year. Among the other big caps, Tan Tao Industrial Zone (ITA) and Song Da Urban & Industrial zone Investment and Development (SJS) rose VND2,000, REE Technology (REE), Schenker-Gemadept … [Read more...] about Trading Volume Spurts at Ho Chi Minh City Bourse
The Gia Lai Sugar Thermoelectricity Joint-Stock Company (SEC) was listed on the Ho Chi Minh Stock Exchange on January 6. The Central highlands-based company closed on its first trading day at 21,600 VND (1.17 USD), a 20 percent increase against its reference price of 18,000 VND. Foreign investors have not yet bought any stake in the company, which has more than 12.6 million shares. SEC enjoyed a net profit of 36 billion VND in the first quarter of 2009 which is expected to reach a total of more than 38.3 billion VND by year-end. It earned 42 billion VND in 2008, up from 18.7 billion VND in 2007. The company set a target of 54 billion VND in profits this year, as next month it will complete production capacity upgrades to handle 2,500 tonnes of sugar cane per day from the current 1,500 tonnes. From February, the company will start its 233 billion VND, 12MW thermopower plant. The Tien Giang province-based seafood processing firm Go Dang Joint Stock Company (AGD) will register on … [Read more...] about Ho Chi Minh City welcome new listing