Investors at a stock trading floor in Hanoi. (Photo: vnreview.vn) Hanoi (VNS/VNA) - There are many securities products that are widely used in other countries but have not yet appeared on the Vietnamese stock market, said Phan Duc Hieu, deputy director of the Central Institute for Economic Management (CIEM). “This makes the Vietnamese stock market less attractive, affecting capital mobilisation of listed companies,” Hieu said at a seminar held in Hanoi on May 8, themed “Enhancing Vietnam's capital market accessibility”, co-organised by CIEM and the State Securities Commission (SSC). Participants at the seminar discussed solutions to offer new securities products to diversify the stock market and attract investors, helping businesses mobilise capital for production and development. According to SSC vice chairman Pham Hong Son, the securities sector has made great efforts to develop policies to attract foreign investment, raising the foreign ownership ratio in … [Read more...] about Stock market needs product impetus
Ho chi minh wholesale market
Illustrative image (Source: VNA) Hanoi (VNA) – The stock market’s growth in the first quarter of 2019 was fairly positive with 15 out of the 18 sectors gaining higher scores and a strong flow of money poured into the market through exchange traded funds. The statement was revealed by Dao Tuan Trung, head of the research centre at Vietinbank Securities, at a conference assessing the development prospects of Vietnam’s economy and stock market in 2019. He forecast that the profit growth of businesses listed on the Ho Chi Minh Stock Exchange (HOSE) will reach 7.51 percent this year. At the end of 2019, the VN-Index is projected to stand between 920 and 950 based on the anticipation of interest rate, profit and price-to-earnings ratio. According to Nguyen Duc Thanh, Director of the Institute for Economic and Policy Research (VEPR), Vietnam’s economy expanded by 6.79 percent in the first three months of this year. However, it depended heavily on … [Read more...] about Stock market sees positive growth in Q1
Investors monitor shares at the An Bình Securities Co. VNS Photo Trương Vị HÀ NỘI — Vietnamese markets fell on Tuesday due to low liquidity as the market remained short on cash flow. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange slid 0.28 per cent to close at 960.13 points. More than 164 million shares were traded on the southern bourse, worth VNĐ3.6 trillion (US$154 million). The index inched up 0.38 per cent on Monday to close at 962.85 points. In the morning, the VN-Index decreased with the selling pressure focused on blue chips such as PetroVietnam Gas JSC (GAS), Vietnam National Petroleum Group (PLX) and Hòa Phát Group (HPG). The three stocks all lost 1 per cent. In the afternoon, the selling pressure continued to increase among banking stocks such as Vietcombank (VCB), down 0.8 per cent; Bank for Investment and Development (BID), … [Read more...] about Markets fall on weak cash flow
The VN-Index recorded nine hikes in he two weeks since the end of the Lunar New Year holidays (Photo: VietnamPlus) Hanoi (VNA) - This week, Vietnam’s stock markets closed in the green, as the benchmark VN-Index rose 1.34 points to 988.91 points while the HNX-Index inched up 0.7 point to 106.82 points. The VN-Index on the Ho Chi Minh City Stock Exchange (HoSE) enjoyed increases in the whole week (from February 18 to 22) and it was also the ninth hike in two weeks. On February 22, there were 144 rising codes and 152 in decline. The VN30, which measures the performance of the 30 stocks with the highest market capitalisation and liquidity on the HoSE, had 17 advancing codes and 12 others end in red, while one code was flat. In the week, foreign investors posted net purchase value of 772.92 trillion VND (33.02 billion USD), equivalent to 23.64 million shares. E1VFVN30 topped the list with 15.4 million shares purchased, followed by HPG with 8 million shares. The … [Read more...] about Will VN-Index hit 1,000-point mark thanks to investors’ positivity?
A stretch of pipeline is coated at PetroVietnam Coating Corporation (HNX: PVB). The company is among the three HNX30 large-caps that posted losses between July and September. (Photo pvcoating.vn) Hanoi (VNS/VNA) — The top 60 biggest companies by market capitalisation and trading liquidity on the two local stock exchanges saw combined post-tax profit gain of 22.5 percent to 46.75 trillion VND (2 billion USD) in the third quarter of 2019. Profits recorded by the top 30 firms on the Ho Chi Minh Stock Exchange accounted for nearly 92.3 percent of the total figure.Hanoi Stock Exchange, which was 3.6 trillion VND. VNA … [Read more...] about VN30 firms take 92 percent of all top listed firms’ total Q3 profits