Vietnam’s stock market overreact to nCoV outbreak Chair of the State Securities Commission (SSC) Tran Van Dung commented that the investors have ‘overreacted’ to the nCoV outbreak, believing that the market will recover when the epidemic peaks, as it happened with SARS and H5N1. … [Read more...] about When will Vietnam’s stock market be upgraded?
Stocks in the oil and gas sector all fell this session, led by GAS of energy firm PetroVietnam Gas, which fell 1.4 percent, followed by POW of Vietnam’s second-biggest electricity generator PetroVietnam Power, down 0.5 percent, and PLX of petroleum distributor Petrolimex, down 0.4 percent. … [Read more...] about Stock market slips in quiet session
Singaporean property developer Keppel Land has announced plans to acquire 60 percent of the ownership of three land lots measuring 6.2 hectares (15.3 acres) in Ho Chi Minh City via a $56 million acquisition deal between its subsidiary and Phu Long company. … [Read more...] about Consumers goods, retail, real estate continue to lead M&A market
Foreign trading was more robust as Friday was the last trading day for the two ETFs – VanEck Vectors Vietnam ETF (VNM ETF) and FTSE Vietnam ETF – to review their quarterly portfolios. With most of their portfolio stocks traded on the HOSE, trading focused on this bourse with total trading value of nearly VNĐ3.8 trillion, of which buying value reached VNĐ1.7 trillion and selling value reached VNĐ2.06 trillion. … [Read more...] about Shares stagnant despite ETF portfolio restructuring
The State capital in Viglacera now accounts for 38.85 percent following previous divestments. The firm also elected a new board of directors at the annual shareholder’s meeting, and listed more than 448.3 million shares on the Ho Chi Minh Stock Exchange. Viglacera also won the “World Class” title of the Global Performance Excellence Award (GPEA) awarded by the Asia-Pacific Quality Organisation in 2019. This is the only Vietnamese firm to receive the “World Class” title in the large-scale production category of the 2019 GPEA, the only formal international recognition of performance or business excellence./. … [Read more...] about State capital in Viglacera to be fully divested in 2020