Viet Nam News HÀ NỘI — Vietnamese shares gained ground on Friday as investors continued looking for opportunities in firms with high chance of better-than-expected earnings reports while improved sentiment on global markets provided some support. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange was up 0.49 per cent to close at 902.71 points. The southern market index has increased by total 1.72 points in the last three trading days. The VN-Index has gained total 2.47 per cent for the whole week and ended positively on four out of five trading days of the week. The HNX Index on the Hà Nội Stock Exchange inched up 0.09 per cent to end at 101.87 points, bouncing back from a 0.35 per cent drop on Thursday. The northern market index has advanced total 1.01 per cent in the week with alternate ups and downs during five trading days. Expectations for listed firms’ full-year earnings reports continued to drive the market sentiment up … [Read more...] about Profit prospects help VN stocks
Help with stocks
VietNamNet Bridge - President of Vicostone Artificial Stone JSC Ho Xuan Nang is expected to become the fourth richest stock millionaire with stock asset value of VND6 trillion. Analysts have said Vicostone shares, or VCS, could bring the bring the highest profits to investors this year. President of Vicostone Artificial Stone JSC Ho Xuan Nang is expected to become the fourth richest stock millionaire with stock asset value of VND6 trillion. VCS is one of a few shares that increased strongly in price in the first 10 months of the year. The share was hunted by investors after the company twice paid a high dividend of 20 percent, gave bonus shares once and paid dividends in shares once. VCS now has the market price of VND131,000 per share which means a capitalization value of VND7.86 trillion. VCS price has increased by 10 times in the last three years thanks to impressive business performance. Official reports show that Nang only holds 513,417 VCS, or 0.86 percent of the company’s … [Read more...] about Is there a new face on the list of stock millionaires?
U.S. Treasury yields eased in Asian trade on Thursday as a week-long surge that followed Donald Trump's shock election win subsided further, helping Asian stocks gain and dragging the dollar off a more than 13-1/2 year peak set overnight. Japanese government bond yields also pulled back from multi-month highs after the Bank of Japan conducted a special fixed-rate bond buying operation for the first time, firing a warning shot against excessive yield moves. The dollar index, which measures the greenback's strength against a basket of major currencies, stood at 100.270 .DXY after climbing to 100.570 overnight, its highest since April 2003. The dollar has soared since Trump was elected president last week, as investors eyed the prospect of U.S. interest rates rising faster than previously expected due to his plans for an expansionary fiscal policy that would stoke inflation. But the rout in U.S. bond prices began to slow, with the benchmark 10-year Treasury note yield US10YT=RR pulling … [Read more...] about U.S. Treasury yields subside, take dollar off 13-and-a-half year peak, Asian stocks steady
VietNamNet Bridge - Two official state visits by two US Presidents in the past both gave the Vietnamese stock market a boost. Will history be repeated with the third visit by U.S. President Barack Obama? Vietnam has twice received US Presidents to the country since its first stock trading session was held at the HCMC Stock Exchange on July 28. Bill Clinton was the first US President who paid an official visit to Vietnam, 25 years after the war ended. By that time, the Vietnamese stock market had been operating for several months, and the only stock exchange was located in HCMC. One month after Clinton’s visit, the VN Index increased by 17.7 percent from 162.36 points to 191.11 points. The inconsiderable increase was understandable: the stock market had just begun several months before and still could not attract many investors. The second visit by an US President, however, helped to heat up the stock market. On November, 20, 2006, George W. Bush, the President, visited … [Read more...] about Obama’s visit expected to give push to stock market
What do you think about the growth of the Vietnamese stock market in 2017? The Vietnamese stock market had a very impressive year when the VN-Index increased by about 40 percent. Some large companies with capitalization of US$1 billion or more, such as VP Bank, Vincom Retail and Petrolimex were listed, providing additional options for investors.Foreign investors poured more than US$1 billion in the Vietnamese stock market in 2017. The highlight of the market in 2017 was that the State Capital Investment Corporation (SCIC) sold 3.3 percent of its shares of Vinamilk to Jardine Cycle & Carrirage at a price, which was 20 percent higher than the market price. It contributed to increasing Vinamilk’s stock price and elevating the Vietnamese stock market.The growth of the Vietnamese stock market in 2017 was considered unsustainable as prices of some blue chip stocks were pushed up. What do you think about this idea?This is normal in many stock markets around the world. There will be … [Read more...] about Stock market continues to grow