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Kamps construction

/ March 2, 2021

Cultural, sports construction projects seek city’s approval

Accordingly, public investment projects include the building of Phu Tho Horse Racing Ground, land allocation of the HCMC Multi-Cultural Center in Can Gio District, rebuilding HCMC Cultural Center, handing over land to the expansion of the Ho Chi Minh Museum - HCM City branch, the property right over land to upgrade the HCM City Culture and Arts College in HCMC. Regarding to socialized projects, the department has made suggestions on land allocation for Phan Dinh Phung Sports Center; delegating The Housing Management and Construction Inspection Center (HMCIC) of the HCMC Department of Construction and functional units to complete procedures to refund to Bong Sen Yamachi Co,. Ltd; asking the HMCIC to hand over the building at No.99 on Pasteur Street in District 1 to the Department. The Department of Culture and Sport has also proposed for an approval on expenditure allocation for Sports nutrition. By Vo Tham – Translated by Kim Khanh …

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/ March 2, 2021

Largecap stocks recover, driving main index up

Largecap stocks recover, driving main index up The Saigon Times An employee of a securities firm monitors stock information on the computer screen. The VN-Index of the Hochiminh Stock Exchange managed to reverse course to end higher today, March 2 – PHOTO: VNA HCMC – The VN-Index of the Hochiminh Stock Exchange managed to reverse course to end slightly higher today, March 2, buoyed by a number of large-cap stocks that bounced back at the end of the session. Trading in the local market was busy in the morning but started slowing down in the afternoon as investors were concerned that a technical error would continue to clog trade when market turnover had remained high. Closing the session, with 227 advancers and 190 decliners, the benchmark index added 0.44 point, or 0.04% over the session earlier at 1,186.35. Turnover of the HCMC market dropped over 10% in volume and 5% in value at over 577 million shares and more than VND15 trillion, including around VND1.4 trillion worth of shares traded in block deals. Many largecaps in the VN30 basket not only maintained growth but also rose sharply at the close, such as steelmaker HPG, lenders TPB and HDB, retailer VRE. Of them, TPB was the most outstanding performer as it surged 6.3% with over 17.1 million shares changing hands. HPG inched up 1.1% and led the southern bourse by liquidity, with a matching volume of 23.67 million shares. Regarding the performance of stocks by sectors, bank stocks including STB, TPB, TCB, LPB, and HDB were the major cash magnets, followed by brokerages SSI and HCM, fertilizer producers DCM, BFC, and DPM. Meanwhile, real estate, construction and fuel stocks bucked the market trend and ended in negative territory. On the northern bourse, the increased profit-taking dampened the HNX-Index, sending it down 4.43 points, or 1.76% against Monday at 247.94, with 98 winners and 174 losers. Nearly 120 million shares worth over VND2 trillion were transacted on the Hanoi market, …

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