“Foreign investors continued to be net buyers on both exchanges, HoSE and HNX. However, market breadth was in a negative sideways state with lower liquidity compared to the previous session. According to our assessment, VN-Index may still have strong volatility sessions due to psychological factors and arbitrage transactions in the maturity week of derivative contracts,” it said. … [Read more...] about Shares struggle to stay positive, VN-Index surpassing 1,130 points
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Stock market plummets, $10 billion lost
Some analysts believe the VN Index will climb to a new record high in 2021. This is not a far-away goal, if noting that some stock markets in the world, including the US, have reached peaks, while Vietnam still has not exceeded the old peak though it bears less impact from the pandemic. … [Read more...] about Stock market plummets, $10 billion lost
Foreign-invested enterprises hopeful about plans to list shares on bourse
The Ministry of Finance (MOF), suggesting solutions to help the stock market overcome the Covid-19 crisis, has once again proposed allowing foreign invested enterprises (FIEs) to list on the bourse. However, ministries have been warned that excessive caution may do more harm than good. … [Read more...] about Foreign-invested enterprises hopeful about plans to list shares on bourse
No shortage of fresh food for upcoming Lunar New Year festival
Yesterday, Mr. Le Huynh Minh Tu led a delegation to visit and work with key enterprises that supply pork products, poultry meat, and eggs for the city market at the peak of the upcoming Lunar New Year festival. Mr. Nguyen Trong Tri, Deputy Chief Customer Officer of C.P Vietnam Livestock Joint Stock Company, said that in 2020 C.P raised its production by more than 10 percent compared to 2019. Every day, the company supplies to the HCMC market around 3,000-3,500 porkers, accounting for about 30 percent of pork demand in the city. Explaining the constant increase in the price of live pigs, Mr. Tri said that currently, the price of live hogs not only escalates in Vietnam but in Thailand, it is also approaching VND82,500 per kilogram. Especially in China, the price is much higher than that in Vietnam, prompting traders to transport live hogs heavily to this country. As for the HCMC market, C.P commits to fully providing pigs during the upcoming festive season. On the other hand, the … [Read more...] about No shortage of fresh food for upcoming Lunar New Year festival
Vietnamese stocks to struggle with increased caution
The fund will reduce its ownership at residential property firm Vinhomes (VHM), aviation firm Vietjet (VJC), consumer staples firm Masan (MSN), PetroVietnam Power (POW), sugar company Thanh Thanh Cong-Bien Hoa JSC (SBT), and electrical firm Gelex (GEX). … [Read more...] about Vietnamese stocks to struggle with increased caution