In the VN30 basket, there were 18 winning stocks, twice as much as the number of losers. Biggest gainers were mobile phone retailer MWG, increasing by 3.1% to VND93,100, and securities corporation SSI, up 2.9% to VND15,800. Other large caps such as lender CTG, retailer VRE and tech firm FPT increased by over 2%. … [Read more...] about Bluechips’ recovery helps VN-Index bounce back
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Local ETFs draw foreign attention
“At the moment, the Taiwanese fund has little impact on the overall market as its size cannot match the Vietnamese market’s,” he added. “But this is still a good chance for Viet Nam to draw the attention of Taiwanese investors.” … [Read more...] about Local ETFs draw foreign attention
Local ETFs draw foreign attention
Hanoi (VNS/VNA) - The domestic exchange-traded fund VFMVN Diamond (HoSE: FUEVFVNĐ) on September 8 issued an additional 300,000 certificates to raise the total amount of certificates to 148.3 million. The issuance helped boost the value of certificates listed on the Ho Chi Minh Stock Exchange to 1.483 trillion VND (63.9 million USD) from 1.48 trillion VND. As of September 6, the net asset value (NAV) of the fund was 1.9 trillion VND, equal to 12,884.58 VND (0.56 USD) per certificate. The fund debuted on HoSE on May 12 at 11,693.36 VND per certificate with charter capital of 102 billion VND. The fund has recently become a target for foreign investors, especially Taiwan-based investment fund CTBC Vietnam Equity Fund. The Taiwanese fund will buy 21 million certificates of VFMVN Diamond between September 7 and October 6. The Taiwanese fund in late August reported it had raised 160 million USD to invest in the Vietnamese equity market, targeting high-potential listed companies … [Read more...] about Local ETFs draw foreign attention
Shares decline on selling pressure, bottom purchase supports market
Large-caps were weighed down by selling pressure, including Bank for Development and Investment (BID), Hoa Phat Group (HPG), Military Bank (MBB), Vietcombank (VCB), PetroVietnam Gas JSC (GAS), Vinamilk (VNM), Vietinbank (CTG), FPT Corporation (FPT), Vietjet (VJC), Sabeco (SAB), Techcombank (TCB) and Phu Nhuan Jewelry (PNJ). … [Read more...] about Shares decline on selling pressure, bottom purchase supports market
Probus Opportunities & Digi Ventures invest in Vietmoney
Mentioning the goal of Vietmoney in the next development phase, Vietmoney founder Trinh Van Phuong said that the company is looking to expand its network to 100 branches, with coverage in 28 cities and provinces nationwide, building a convenient financial services channel offering assurance for customers in the subprime segment in Vietnam. … [Read more...] about Probus Opportunities & Digi Ventures invest in Vietmoney
