Penny stocks with great potential

TRAFFIC and the National Assembly of Vietnam held a dialogue bringing together 50 parliamentarians, government officials, and conservation experts to plan a long-term wildlife legislation and communications strategy. On November 20, TRAFFIC and the National Assembly of Vietnam held a dialogue bringing together 50 parliamentarians, government officials, and conservation experts to plan a long-term wildlife legislation and communications strategy. Parliamentarians discussed the need for harmonisation and a clear delineation of responsibilities in future wildlife protection legislation. A lack of clarity in present laws was highlighted as the main factor mitigating effective enforcement. Vietnam has made progressive achievements in enacting legal tools to end wildlife trafficking, however, there is a need for improvements in legislation. The National Assembly committed to support these efforts and encourage government leaders at all levels to come together to counter wildlife crime. TRAFFIC led a discussion around the application of social and behaviour change communications (SBCC) to support laws against the consumption of rhino horn, ivory, and other illegal wildlife products. SBCC is an evidence-based communications approach designed to promote and sustain positive behaviours by delivering culturally specific messages to multiple levels of society. Sarah Ferguson, director of TRAFFIC in Vietnam “The method has great potential to drive down demand for illegal wildlife products and call on government officials to step forward as agents of change against wildlife crime,” said Sarah Ferguson, director of TRAFFIC in Vietnam. Despite government efforts, Vietnam remains a transit and destination point for illegal wildlife trade. Discussion points and recommendations from this dialogue will be collected into a reference guide to be kept in the National Assembly library and used to drive the development of effective future wildlife …

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Bank and steel stocks spur local market The Saigon Times Maybank Kim Eng Securities employees monitor share prices. The VN-Index of the Hochiminh Stock Exchange expanded 0.26% on Friday, February 26 - PHOTO: THANH HOA HCMC - Bank and steel stocks were the main driver of the local market, enabling the benchmark VN-Index of the Hochiminh Stock Exchange to expand today, February 26. The main index rose 0.26%, or 3.04 points, to close the day at 1,168.47 points, with winning stocks outnumbering losers by 216 to 209. More than 554 million shares worth roughly VND14.87 trillion changed hands on the southern bourse, increasing 8.36% in volume and 11.38% in value compared with the previous session. Bank stocks were among the best performers, with BID going up 1.5% to VND43,600, ACB up 2% to VND33,050, MBB up 1.3% to VND27,650, VIB up 3.3% to VND39,700 and VPB up 1% to VND40,000. TCB and TPB inched up approximately 0.5%. Steel stocks were also the major contributors, with NKG, POM, TLH, VGS, VIS and DNY shooting up to the ceiling prices. Steelmaker HPG in the VN30 basket soared 3.3% to VND45,600. Moreover, bank and steel stocks were the cash magnets. HPG took the lead in terms of liquidity with 40.93 million shares changing hands, followed by MBB with 22.35 million shares. HSG and STB came third with some 17.4 million shares traded each. Some other large-cap stocks that gained ground included dairy giant VNM, property firm VIC, gas firm GAS and consumer goods producer MSN. On the Hanoi Stock Exchange, the HNX-Index added 1.23%, or 3.02 points, to end at 249.22 points, with gaining stocks outnumbering decliners by 100 to 94. There were more than 113 million shares worth VND1.9 trillion changing hands on the northern bourse. In the HNX30 basket, investment and trading company TNG shot up to the ceiling price and real estate company NRC surged 7.2% to VND23,700. Stone processor VCS, construction firm VC3, pharmaceutical firm DP3 and housing firm …

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The index was mostly in the red throughout the session with several dips to the 1,150 range before climbing up in the last hour of trading and closing with a 3.04-point gain. Trading volume on the Ho Chi Minh City Stock Exchange (HoSE), on which the index is based, rose 11 percent to VND14.87 trillion ($640.95 million). The bourse saw 216 stocks gain and 209 lose. The VN30 basket, comprising the 30 largest capped stocks on the HoSE, saw 14 stocks gain, led by HPG of steelmaker Hoa Phat Group with a 3.3 percent increase. The largest steel producer in the country announced Friday it would start producing containers to meet rising global trade demand with plans to make 500,000 twenty-foot equivalent units a year. HPG's price is now at an all-time high of VND45,600. Since the VN-Index plunged in March last year due to Covid-19 impacts, HPG has been among the best performers on the market with an increase of 337 percent. BID of state-owned lender BIDV was the second-highest gainer this session, up 1.5 percent. Like other state-owned banking stocks, BID has been struggling to return to this year’s peak in January. The ticker needs another 12-percent gain to recover to the VND48,900 price mark it reached on January 7. Most private banking tickers, however, have been rising fast. As the third strongest gainer this session, MBB of Military Bank rose 1.3 percent to a new peak of VND27,650. Rounding off the top five gainers were PDR of Phat Dat Real Estate Development Jsc, up 1.3 percent, and PNJ of Phu Nhuan Jewelry, up 1.1 percent. Friday's session concluded a week of fluctuations for the VN-Index as it recovered from a plunge of nearly 170 points in January even as it approached the psychological threshold of 1,200 points. The index was in the green for four out five sessions this week, but a fall of nearly 16 points Wednesday caused the index to end the week with a 0.56 percent drop. Foreign investors were net sellers throughout the week. They net …

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