Sabeco shares on Wednesday jumped 4.3 per cent to close at VND193,000 apiece, having rallied a total 22.9 per cent in six trading days since July 1 on expectations the Government will soon sell entire its stake in the largest brewery firm by market value and that the company will release better-than-expected earnings reports for the second quarter. … [Read more...] about Securities, consumer staples boost local market
Notably, the law would not include requirement for the prime minister’s approval regarding projects with investment capital of VND10 trillion (US$428 million) as NA deputies said the capital belongs to private investors so they decide what to do with their money, not the government. … [Read more...] about What’s new in Vietnam’s amended Investment Law?
The fund on Saturday announced Vietnamese stocks are kept at 15 in the list of 25 investees but total weight of Vietnamese shares fell to 67.48 per cent from 67.98 per cent. … [Read more...] about Local stocks to struggle with increased caution
Other major gainers this session were GAS of energy giant PetroVietnam Gas, up 3.2 percent, PNJ of jewelry retailer Phu Nhuan Jewelry, up 2.4 percent, FPT of IT services giant FPT, up 1.4 percent, and BVH of insurance firm Bao Viet Group, with 1.2 percent. … [Read more...] about VN-Index up in fifth straight session
With winning stocks far outnumbering losers by 288 to 92, the VN-Index closed the day up 11.96 points to 876.46 points. Trading volume rocketed by 28.8% to 306 million shares while value soared 21.8% to VND5.2 trillion against the previous session. Block deals contributed VND1.1 trillion to the total value. … [Read more...] about Strong cash flow spurs stock market