Close of stock market

The index closed 1.4 points lower after gaining 15.9 points Wednesday. Trading on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, dropped 12.6% to VND15.9 trillion ($651.77 million). The VN30 basket, comprising the 30 largest capped stocks, saw 18 tickers fell. SSB of Southeast Asia Commercial Bank (SeABank) dropped 4.8% and STB of Ho Chi Minh City-based lender Sacombank fell 3.3%. VRE of retail real estate arm Vincom Retail closed 2.5% lower and SAB of brewer Sabeco declined by 2.3%. Ten blue chips gained, led by PLX of fuel distributor Petrolimex with a 3.3% increase. Foreign investors were net sellers to the tune of VND509 billion, mainly selling STB of Ho Chi Minh City-based lender Sacombank and GMD of logistics company Gemadept Corp. The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 0.57% while the UPCoM-Index for the Unlisted Public Companies Market dropped 0.33%. … [Read more...] about Stock market stable after strong changes

Vinhomes Imperia Hải Phòng Urban Area, a project built by Vingroup. The company's shares soared nearly 3.5 per cent on Wednesday, leading the market's uptrend. — VNA/VNS Photo The Vietnamese stock market recovered on stronger demand force after recent corrections, while foreign investors continued to withdraw from main exchanges. The VN-Index on the Hồ Chí Minh Stock Exchange increased over 14.6 points, or 1.21 per cent, to close Wednesday at 1,266.11 points. The recovery helped recoup most of the losses hit in the last two sessions. On the southern bourse, breadth of the market returned to a positive zone with 275 stocks advancing, while 52 ended lower. Liquidity decreased over the previous session, but remained above VNĐ20 trillion. Particularly, VNĐ20.37 trillion (US$838.25 million) worth of shares was traded on HoSE, equal to more than 878 million shares. The index's reversal was mainly driven by strong rebounds in real estate stocks and other pillars in the securities … [Read more...] about Market rebounds, ending two-day losing streak

An investor watching the market's movements on her cellphone at an office of Bảo Việt Securities Company. — VNA/VNS Photo The Vietnamese stock market logged the second straight weekly fall last week, with the VN-Index breaking below the key psychological level of 1,200 points. The bearish trend is expected to extend this week, said experts. On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index only gained on September 20 and lost for the rest of last week. The index closed the week at 1,193.05 points. Similarly, the HNX-Index on the northern bourse, the Hà Nội Stock Exchange (HNX), experienced the same trend and was last traded at 243.15 points. For the week, both benchmark indices posted a weekly loss, with the former down 2.8 per cent and the latter down 3.8 per cent. Liquidity on the two main exchanges also declined over the previous session. In particular, on HoSE, liquidity slid 11.1 per cent in value to VNĐ118.5 trillion (US$4.86 billion), while it decreased 5.5 per … [Read more...] about Market may continue trading negatively this week: experts

Kim Dooyoon, CEO of JB Securities Vietnam What is your assessment of the financial landscape of the country, and how have you seized opportunities? In the last three years living and working in Vietnam, I have found that for Vietnamese business, the main source of financing is mostly from banks, and the capital markets are in the early stage compared to peer countries in Asia. As Vietnam's economy grows fast compared to other countries, I expect that its capital markets will also grow to meet the funding needs from the industries, based on my experience and study in Korea and the US. With this expectation, I have decided to focus on the debt capital market first since I joined JB Securities Vietnam (JBSV) three years ago. In particular, in the last two years, JBSV has advised corporate bond issuances and made commitments to invest more than 1 trillion VND. Thanks to our strong financial analytical skills and advanced risk management scheme on the bonds, JBSV has been … [Read more...] about JB Securities strives to contribute to development of Vietnam’s capital markets

Customers make transaction at an office of SSI Securities Inc (SSI). SSI soared 6.9 per cent yesterday. — Photo SSI The stock market finished higher Wednesday, boosted by bargain-hunting force after a two-day correction. The VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) closed the trading day at 1,153.85 points, an increase of 1.4 per cent. The index had lost a total of 4.6 per cent in the last two sessions. The market’s breadth returned to positive territory with more stocks recovering. Specifically, 308 ticker symbols on HoSE added points, while 191 dropped lower. Trading value on the southern bourse reached VNĐ18.2 trillion (US$746.6 million), equal to a trading volume of nearly 860.4 million shares. The index’s reversal was mainly driven by gains in some large-cap stocks as recent sharp falls stimulated some investors to increase stock proportions in their portfolios. The VN30-Index, which tracks the 30 biggest stocks on HoSE also rose higher, up 1.32 per cent, … [Read more...] about Shares close higher on bargain-purchases

Chinh, who is on a six-day trip to the U.S, had been invited by the world's largest stock exchange, where, welcoming him, NYSE vice president John Tuttle said: "We are willing to help get Vietnamese businesses listed on the NYSE and cooperate in cross-listing on each other's markets." After a meeting with NYSE executives and writing a comment in the guestbook, the PM stepped up to the podium and rang the bell to mark the start of trading at 9:30 a.m. He said it was an honor to be invited again after the first time in May last year when he rang the bell to close a session. He described the NYSE’s market capitalization of US$40 trillion very impressive. He called on the bourse to inform investors about the favorable investment and business environment in Vietnam based on the "warm" political relationship between his country and the U.S., especially after they upgraded their relationship to a comprehensive strategic partnership during President Joe Biden’s visit to Vietnam on … [Read more...] about Vietnam PM opens New York Stock Exchange trading session

The Vietnamese prime minister requested the bourse to advise investors of Vietnam’s favorable business and investment environment in his second visit to NYSE at the invitation of the world’s largest equities-based exchange. Vietnam’s Prime Minister Pham Minh Chinh rang the opening bell at the New York Stock Exchange’s Thursday trading session [September 21] local time. The New York Stock Exchange (NYSE)’s Vice President John Tuttle welcomed Prime Minister Chinh to mark the start of the session at 9:30 a.m. On the second time he was invited to the stock exchange after the first time on May 16, 2022, when he rang the bell to close a session, PM Chinh said the NYSE’s market capitalization of US$40 trillion was very impressive. PM Chinh was accompanied by the Finance Minister and other high-ranking cabinet members during the visit to strengthen bilateral ties and recognize the 78th Session of the United Nations General Assembly. Taking the upgrading of the US-Vietnam … [Read more...] about Vietnamese Prime Minister opens world’s largest stock exchange trading session

A customer performing a transaction at Vietinbank's office in Hà Nội. The lender's shares tumbled 5.85 per cent on Monday, weighing on the market sentiment. — VNA/VNS Photo Shares fell deeply on Monday as the strong selling force weighed on all industries, with many large-cap stocks hitting floor prices. The market's benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) extended last week's bearish trend to the third straight day. It plunged 39.85 points, or 3.34 per cent, to 1,153.2 points. Last week, the index lost 2.8 per cent. The breadth of the market was negative, with decliners surpassing gainers on the southern bourse. Particularly, up to 311 ticker symbols tumbled, of which 110 stocks logged the biggest daily loss of 7 per cent, while only 34 inched up. Liquidity also fell sharply from the previous session, down 27.1 per cent to nearly VNĐ23.5 trillion. This was equal to a trading volume of nearly 1.1 billion shares. The VN30-Index, tracking the 30 biggest … [Read more...] about Market extends downtrend, VN-Index loses nearly 40 points

Vincom Metropolis shopping centre in Hà Nội, developed by Vincom Retail (VRE). VRE lost 3 per cent yesterday. — Photo VRE The Vietnamese stock market ended Tuesday lower, extending losses for the second straight session. On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index closed at 1,137.96 points, a decrease of 1.32 per cent. More than 1 billion shares were traded on the southern exchange, worth VNĐ21.6 trillion (US$884 million). The market's breadth inclined to a bearish zone with more stocks declining. Of which, 317 stocks of the main exchange dropped in the trading session, while there were 180 stocks rising. The VN30-Index, which tracks 30 biggest stocks in market capitalisation on HoSE, posted a loss of 0.57 per cent, to 1,153.37 points. In the VN30 basket, up to 9 stocks added points, while 19 ended lower and two were flat. Leading the market's downtrend on Tuesday was Vingroup (VIC). Shares of the property developer fell 3.2 per cent. The other two members in … [Read more...] about Shares decline for second straight session

The index closed 37.15 points lower after gaining 1.10 points in the previous session. Trading on the Ho Chi Minh Stock Exchange increased by 83% to VND21.065 trillion ($863.29 million). The VN-30 basket, comprising the 30 largest capped stocks, saw all tickers fell. GVR of Vietnam Rubber Group hit the floor with a 6.9% dive, followed by SSI of leading brokerage SSI Securities Corporation, down 5.9%. MWG of electronics retail chain Mobile World dropped 5.6% and BID of state-owned lender BIDV closed 5.5% lower. Foreign investors were net seller to the tune of VND154 billion, mainly selling CTG of state-owned lender VietinBank and VPB of private lender VPBank. The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, dropped 4.24% while the UPCoM-Index for the Unlisted Public Companies Market fell 2.27%. … [Read more...] about Stocks dip to near 4-month low