Vietnam’s stock market fell by 2.86 percent on Tuesday to close at more than 985 points, marking the very first time it has dropped from the level of 1,000 points and higher since the beginning of this year. The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HOSE) hit 984.24 on the last trading day of 2017, the highest ever since 2007, before reaching 1,000 points in early January. As many as 28 blue chips saw their points dropping in the trading session on Tuesday afternoon. There were only 58 companies gained points on the stock market and as many as 257 others lost points by the closing time. Vietnam’s Deputy Prime Minister Vuong Dinh Hue last Friday demanded relevant authorities to find out why the country’s stock market has been so volatile over the past few months, which is hurting the economy. Aside from objective market analysis, the deputy PM requested analysts to look into all other possible factors to ascertain whether there’s been any insider … [Read more...] about Vietnam’s stock market falls from 1,000 points
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Driven by an improving economy and foreign investment giants, Vietnam’s stock exchange has outperformed the rest of Asia so far this year. The benchmark VN-Index has risen around 17 percent since January, outpacing Asia’s main share benchmarks, and the market has more than doubled over the past two years, the Financial Times reported on Wednesday. The VN-Index, a capitalization-weighted index of all the companies listed on the Ho Chi Minh City Stock Exchange, closed at 1,150 on Tuesday. Vietnam has become a fertile land for foreign investors, the Financial Times cited analysts as saying. Foreign firms that have set up factories in Vietnam over the past decade are now contributing to its improved trade balance, including Intel and Samsung, they said, adding that Vietnam's bright economic prospects have contributed to the stock market's success. Vietnam’s economy grew 7.38 percent in the first quarter of this year, the highest rate in a decade thanks to … [Read more...] about Vietnam’s stock market posts highest gain in Asia
Vietnamese shares fell further on Tuesday morning as investors became cautious of the current volatility in the market. Vietnamese shares fell further on Tuesday morning as investors became cautious of the current volatility in the market. The benchmark VN Index on HCM Stock Exchange dropped 0.61 per cent to close at 1,141.43 points. It had lost 2.1 per cent in the previous two sessions. The HNX Index on Ha Noi Stock Exchange slipped down 0.32 per cent to end at 132.89 points, extending the loss from a two-day decline of 1.7 per cent. More than 121 million shares, worth VND3.33 trillion (US$148.2 million), were traded on the two local exchanges. Large-cap stocks underperformed and were the main factor to drive the market down. The large-cap VN30 Index lost 0.56 per cent to reach 1,121.71 points, with 19 of the 30 largest shares by market capitalisation decreasing. Investors remained quite cautious after trading on the stock market had shown signs of decline in recent … [Read more...] about VN stocks decline, investors worried about market volatility
VietNamNet Bridge - The Vietnamese stock market in 2017 saw stock prices escalating, but not all investors could make money. The stock market in 2017 saw stock prices escalating Tuan, a 27-year-old investor, spends most of his time watching electronic boards on securities and trading floors and calling brokers. He was surprised that the CMG share price had dropped so dramatically despite the upward trend of the market. The high GDP growth rate, the government’s actions, and foreign capital flow are the three factors behind the strong rise of the stock market in 2017. ‘Too strong’, ‘crazy’ and ‘incredible’ are the words investors use to describe the rise of the stock market in 2017. RELATED NEWS GDP growth must rely on internal strength: economists Three scenarios for Vietnam stock market in late 2017 Kim Chi … [Read more...] about What’s behind the strong performance of the stock market in 2017?
Investors watch stock price changes at the Vietcombank Securities Company (Photo: VNA) Hanoi (VNA) – The stock market started the first week of April with green colour dominating large-cap stocks and those in banking and real estate in both bourses. The benchmark VN-Index picked up 22.15 points to close at 1,196.61 points on April 2, the highest since the stock market of Vietnam was launched, when more than 245.7 million shares were sold for about 8.04 trillion VND (353 million USD) on the HCM Stock Exchange (HOSE). The bourse saw gaining stocks outnumbered the declining ones by 155 to 140 while 42 others ended flat. On the Hanoi Stock Exchange (HNX), the HNX-Index edged up 2.94 points, closing at 135.40 points after some 52 million of shares, worth 937.5 billion VND (41.15 million USD), were traded on the bourse. There were 72 gainers and 77 losers while 62 others ended flat. The large-cap stocks experienced strong gains with the VN30 advancing 18.13 points. Among 20 … [Read more...] about Green colour dominates stock market as April starts