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Ho Thi Ky flower street in HCMC’s District 10 became hustle and bustle and the number of online flower orders increased significantly on the day. Roses and flowers for the special day are in high demand. This year, the price of fresh flowers market is higher than the previous year. From the afternoon of March 6, many trucks carrying roses flocked to flower stores on Ho Thi Ky Flower Street, throng of flower lovers were busy at shopping, making the street more crowded than usual. This year, stores have a variety of flowers with different types to satisfy customers’ tastes such as Da Lat roses, hydrangeas, flowers imported abroad such as Ecuadorian roses, Dutch marbles, wax flowers, Persian buttercups, ... Especially, Diem Chi flower store has peony chrysanthemum imported from Malaysia - a new type of flower chosen by many customers. Besides, Ecuardo roses and Dutch marbles are also popular. Manager of Diem Chi Flower Store Truong Thi My Hue said that this year, the store has a new type of flower called peony chrysanthemum, which is the best-seller in the store and is out of stock on March 5. However, she added that the price of Ecuardo rose this year is higher than last year because of the Covid-19 pandemic and flowers had been sold out in Tet holiday (the Lunar New Year) before. Presently, the not many flowers in full bloom are left, so the price is slightly higher than usual. The price of peony chrysanthemum imported from Malaysia is currently ranging from VND45,000 to 50,000 a flower while Da Lat peony daisy is VND 30,000 a flower, Ecuardo rose is VND 380,000 a bunch of 10 flowers and a bunch of 50 Da Lat red rose costs VND 200,000. Elsewhere in the city, employees of the Love Flower Store in District 3 were busy with soaring orders; flowers are at a high demand; therefore, flower store florists work hard to promptly deliver fresh bunches of flowers to customers. Da Lat rose, sunflower, lisianthus, different kinds of daisy, carnation have been …

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Sell-off, system error behind VN-Index decline The Saigon Times A trader of a securities firm monitors stock prices. The VN-Index lost 0.42 points at 1,168.27 today, March 8, with 274 advancers and 183 decliners – PHOTO: VNA HCMC – Strong selling pressure and the overload of order placing on the Hochiminh Stock Exchange sent the VN-Index down slightly today, March 8. At the close, the main index lost 0.42 points, or 0.04%, from the session earlier, at 1,168.27, with 274 advancers and 183 decliners. Trade volume totaled over 652 million shares worth VND15.6 trillion, up 9.7% in volume and 4% in value against the previous session. There were 25.2 million shares valued at VND1.2 trillion traded in block deals. The bluechip group was one of key drags on the southern bourse, with housing developer VHM, lender VCB and consumer goods company MSN dipping by 1.2%-2% each. Other largecaps such as bank stock TCB, dairy firm VNM, retailer VRE and tech firm FPT were in negative territory. In the group, electricity firm POW stole the limelight as the stock jumped by 5.2% at the end and reported a matching volume of 34.2 million shares. Many small and medium stocks, including real estate stock HQC, furniture maker TTF and realty developer DRH, closed at their ceiling prices. Continuing its upward spiral, the HNX-Index of the Hanoi Stock Exchange finished the day up 3.61 points, or 1.39%, from the session earlier, at 263.42. Some 143.3 million shares worth VND2 trillion changed hands. In the HNX30 basket, lender NVB, fertilizer firm LAS and hydraulic construction company LHC lost ground, while other stocks stood at the reference prices or gained steam. Lender SHB took the lead on the northern bourse by liquidity, with over 16 million shares changing hands, followed by petroleum stock PVS with a matching volume of 14 million shares. …

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Small investors oppose expanding trading lot Ho Chi Minh City Stock Exchange (HOSE)’s proposal to raise the minimum trading lot to 1,000 shares is receiving mixed opinions from market experts and investors. The proposal was initiated by newly-appointed General Director of HOSE Le Hai Tra as a solution to reduce system overloads which have troubled traders recently. A 1,000 minimum trading lot will limit the participation of small investors, while the stock market is moving towards fairness and equality, said a budding investor. “My friends and I, when joining the stock market, only have a few tens to several hundreds of millions of dong, raising the minimum trading lot to 1,000 shares will directly affect our investment capacity,” said individual investor Diep. “With expensive stocks, we may have to spend hundreds of millions of dong to buy the minimum 1,000 shares,” she said. According to Diep, the stock market has never had such a chance for growth. New cash flow into the market pushed liquidity to a record high level. However, the new proposal may not only prevent new investors from entering the market but also discourage existing investors. “The plan to raise the minimum trading lot to 1,000 shares could quickly reduce the number of orders delivered daily on HOSE. However, it will cause frustration among small investors who are directly affected by the plan as they think they are not protected,” said Do Bao Ngoc, Deputy General Director of Kien Thiet Securities Vietnam (CSI). “This plan, if in place, will affect the rapid development of the stock market under the current favourable conditions, one of which is great interest from global investors,” he said. “Under the new plan, the most affected are the investors whose trading accounts have VND1 billion or less,” said Nguyen Hoang Hai, Vice Chairman of Viet Nam Association of Financial Investors (VAFI) According to VAFI statistics, investors whose trading accounts have VND500 million or less …

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