Ho chi minh stock exchange

Investors at a stock trading floor in Hanoi. (Photo: vnreview.vn) Hanoi (VNS/VNA) - There are many securities products that are widely used in other countries but have not yet appeared on the Vietnamese stock market, said Phan Duc Hieu, deputy director of the Central Institute for Economic Management (CIEM). “This makes the Vietnamese stock market less attractive, affecting capital mobilisation of listed companies,” Hieu said at a seminar held in Hanoi on May 8, themed “Enhancing Vietnam's capital market accessibility”, co-organised by CIEM and the State Securities Commission (SSC). Participants at the seminar discussed solutions to offer new securities products to diversify the stock market and attract investors, helping businesses mobilise capital for production and development. According to SSC vice chairman Pham Hong Son, the securities sector has made great efforts to develop policies to attract foreign investment, raising the foreign ownership ratio in … [Read more...] about Stock market needs product impetus

Illustrative image (Source: VNA) Hanoi (VNA) – The stock market’s growth in the first quarter of 2019 was fairly positive with 15 out of the 18 sectors gaining higher scores and a strong flow of money poured into the market through exchange traded funds. The statement was revealed by Dao Tuan Trung, head of the research centre at Vietinbank Securities, at a conference assessing the development prospects of Vietnam’s economy and stock market in 2019. He forecast that the profit growth of businesses listed on the Ho Chi Minh Stock Exchange (HOSE) will reach 7.51 percent this year. At the end of 2019, the VN-Index is projected to stand between 920 and 950 based on the anticipation of interest rate, profit and price-to-earnings ratio. According to Nguyen Duc Thanh, Director of the Institute for Economic and Policy Research (VEPR), Vietnam’s economy expanded by 6.79 percent in the first three months of this year. However, it depended heavily on … [Read more...] about Stock market sees positive growth in Q1

A stretch of pipeline is coated at PetroVietnam Coating Corporation (HNX: PVB). The company is among the three HNX30 large-caps that posted losses between July and September. (Photo pvcoating.vn) Hanoi (VNS/VNA) — The top 60 biggest companies by market capitalisation and trading liquidity on the two local stock exchanges saw combined post-tax profit gain of 22.5 percent to 46.75 trillion VND (2 billion USD) in the third quarter of 2019. Profits recorded by the top 30 firms on the Ho Chi Minh Stock Exchange accounted for nearly 92.3 percent of the total figure.Hanoi Stock Exchange, which was 3.6 trillion VND. VNA … [Read more...] about VN30 firms take 92 percent of all top listed firms’ total Q3 profits

PetroVietnam Power Corporation (PV Power) will debut on the HoSE on January 14 with more than 2.34 billion shares. (Photo: VNA) HCM City (VNS/VNA) - The Ho Chi Minh Stock Exchange (HoSE) has recently accepted or looks set to accept the listing of three more large-cap companies, but questions remain following a volatile year for the market. The PetroVietnam Power Corporation (PV Power) will debut on the HoSE on January 14, 2019 with more than 2.34 billion shares. On December 28, 2018, the company cancelled the trading of more than 467.8 million shares on the Unlisted Public Company Market (UPCoM). On January 2, the southern market regulator announced it had approved the listing of the country’s largest ceramics and tile producers Viglacera with more than 448.3 million shares and an unknown debut date. National flag carrier Vietnam Airlines recently filed to list all of its 1.4 billion shares on the southern bourse. The company also plans to terminate its listing on the UPCoM … [Read more...] about HoSE listing remains a gamble

Overall, on the Ho Chi Minh Stock Exchange (HoSE), 132 stocks gained and 197 stocks lost at the end of Monday’s session. This is the index’s fifth losing session in a row, and eighth losing session since it peaked at 1024.91 points two weeks ago. Blue-chips and banking stocks were the biggest drag on the VN-Index this session, with the VN30-Index, which represents Vietnam’s 30 highest market cap stocks, falling 0.69 percent to 920.95 points. VNM shares of Vinamilk, Vietnam’s biggest dairy company, and VCB shares of Vietcombank, one of Vietnam’s three biggest state-owned lenders, saw the biggest drops among the 30 blue-chips, having fallen 2.2 and 2.1 percent respectively. VIC shares of Vietnam’s biggest private conglomerate Vingroup fell 1.5 percent, while VHM shares of its real estate subsidiary Vinhomes and VRE of its retail arm Vincom Retail closed at the same starting price. FPT shares of tech giant FPT fell 1.1 percent, followed by PNJ of Phu … [Read more...] about Vietnam stock market hits 3-month low