Stock futures january 31 2018

SYDNEY -- Asian shares struggled on Monday while U.S. and European stock futures edged higher on hopes authorities were working to ring fence stress in the global banking system, even as the cost of insuring against default neared dangerous levels. Helping nerves were reports First Citizens BancShares Inc was in advanced talks to acquire Silicon Valley Bank from the Federal Deposit Insurance Corp. S&P 500 futures firmed 0.3% and Nasdaq futures 0.4%. EUROSTOXX 50 futures rallied 1.1% and FTSE futures 0.7%. Japan's Nikkei gained 0.4%, but South Korea lost 0.3%. MSCI's broadest index of Asia-Pacific shares outside Japan also eased 0.3%, led by a 0.9% drop in Chinese blue chips. Shares in Chinese search engine giant Baidu fell more than 3% after it cancelled a planned livestreamed product launch open to media and the public related to its ChatGPT-like Ernie bot. The mood remained jittery after shares in Deutsche Bank fell 8.5% on Friday and the cost of insuring its bonds … [Read more...] about Asia shares skittish, US and Europe futures edge higher

A customer shops for mobile phones at a Mobile World store. For Mobile World (MWG), Q4 profit after tax dropped sharply by 60.4% year-on-year to 619 billion VND, a multi-year low. (Photo: thegioididong.com) Hanoi (VNS/VNA) - Retail stocks have dropped significantly due to the decline in business results in the context of the global economic recession and high interest rates. Mobile World (MWG) and Digiworld (DGW) are both hovering around the long-term bottom with a drop of more than 50% from the peak. Petrosetco (PET) has been almost flat since the beginning of February while Petrosetco Distribution JSC (PSD) is finding the bottom. This duo has dropped by 60-65% of the market price compared to their peak. The Phu Nhuan Jewelry Group (PNJ) and FPT Retail (FRT) have been struggling since the end of January. These two stocks have fallen by 16% and 38% respectively from the peak. The recent plunge in retail stocks partly came from the decline in business results. … [Read more...] about Retail stocks drop amid economic downturn and high interest rates

VPBank provides QR codes for its services. — VNA/VNS Photo Tran Viet For Viet Nam to fully tap into the digital future, experts say institutions and policies must be reformed to reflect Government commitments. Phung Anh Tuan, executive vice chairman and secretary general at Viet Nam Association of Financial Investors (VAFI), passed the remarks at the Fintech Revolution Summit in Ha Noi on Monday. The summit is taking place on Monday and Tuesday in Ha Noi and is attended by BFSI experts, fintech leaders, ministry and central bank authorities, investors and corporates across Viet Nam. The Vietnamese Government is advocating the development of a digital economy and promoting industrial revolution 4.0, said Tuan. Many directives have been on promoting non-cash and electronic payments, including Resolution 02, dated January 1, 2019, and Decision 1813, dated October 28, 2021. The policy and law-making process should reflect the Government's commitments, noted Tuan. The VAFI … [Read more...] about Experts call for institutional and policy reforms to unlock Viet Nam’s digital future

Illustrative image. Source: baotainguyenmoitruong.vn EVN has received a document from the MoIT about an electricity price agreement with solar power and transitional wind power plants. The document states that, on January 7, Minister of Industry and Trade signed Decision No.21/QD-BCT establishing the price bracket for the generation of electricity by solar and transitional wind power plants. On January 9, the MoIT issued Document No.107/BCT-DTDL, urging EVN and its investors in solar energy and transitional wind plants to urgently coordinate to negotiate and cooperate on electricity generation prices to ensure that they do not exceed the MoIT's electricity generation price bracket. The MoIT also issued Document No.1094/BCT-DTDL on March 2, directing EVN on how to fulfil the agreement on electricity pricing outlined in the Electricity Law. Based on the aforementioned guidelines, the MoIT requests that EVN and its investors agree on electricity prices by March 31. Up to now, … [Read more...] about EVN must settle transitional renewable energy power tariffs before March 31: MoIT

VPBank provides QR codes for its services. (Photo: VNA) Hanoi (VNS/VNA) - For Vietnam to fully tap into the digital future, experts say institutions and policies must be reformed to reflect Government commitments. Phung Anh Tuan, executive vice chairman and secretary general at Vietnam Association of Financial Investors (VAFI), passed the remarks at the Fintech Revolution Summit in Hanoi on March 27. The two-day summit is attended by BFSI experts, fintech leaders, ministry and central bank authorities, investors and corporates across Vietnam. The Vietnamese Government is advocating the development of a digital economy and promoting industrial revolution 4.0, said Tuan. Many directives have been on promoting non-cash and electronic payments, including Resolution 02, dated January 1, 2019, and Decision 1813, dated October 28, 2021. The policy and law-making process should reflect the Government's commitments, noted Tuan. The VAFI representative expects some … [Read more...] about Experts call for institutional, policy reforms to unlock Vietnam’s digital future

A corner of Vinamilk (VNM) Tay Ninh dairy farm. VNM rose 1.2 per cent on Thursday. — Photo Vinamilk Local shares rose for a third day, buoyed by foreign trading and the positive performance of oil and bank stocks. On the Ho Chi Minh Stock Exchange, the VN-Index rose 0.44 per cent to close Thursday at 1,045.10 points. Market breadth was negative with 179 rising stocks and 195 losing ones. Nearly 431 million shares worth VND7.8 trillion (US$332 million) were traded on HCM City’s bourse. On HOSE, foreign investors were net buyers with a value of approximately VND336 billion. Vinhomes (VHM) was the strongest net bought with a value of VND89 billion. This is also the third session in a row that this real estate code has been purchased the most by foreign investors on HOSE. Hoa Phat Group (HPG) ranked next on the list with VND80 billion. Foreign investors also net bought Vinamilk (VNM) and SSI Securities Inc (SSI) with the value of VND68 billion and VND32 billion, … [Read more...] about Shares rise on foreign buying

Vinhomes Ocean Park 2 in Hung Yen Province. Hung Yen Urban Investment and Development Co issued two lots of bonds worth total VND7.2 trillion on March 16 with collateral of property rights arising from business cooperation contracts at Vinhomes Ocean Park 3 project. — Photo courtesy of Vinhomes The corporate bond market is showing signs of recovery after a prolonged period of inactivity with a notable increase in both the number of issuers and value of issuance. Data on the Ha Noi Stock Exchange showed as of March 24, eight companies issued bonds worth more than VND23.8 trillion (over US$1 billion), of which real estate firms dominated the market with total issued value of VND19 trillion, accounting for 80 per cent of total value. This number was a significant increase compared to the value of VND500 billion in February and VND110 billion in January. On March 16, two realty firms – Hung Yen Urban Investment and Development Co Ltd and Southern Star Urban Development and … [Read more...] about Corporate bond issuance surges in March after prolonged inactivity

Vinhomes Ocean Park 2 in Hung Yen province. Hung Yen Urban Investment and Development Co issued two lots of bonds worth total 7.2 trillion VND on March 16 with collateral of property rights arising from business cooperation contracts at Vinhomes Ocean Park 3 project. (Photo courtesy of Vinhomes) Hanoi (VNS/VNA) - The corporate bond market is showing signs of recovery after a prolonged period of inactivity with a notable increase in both the number of issuers and value of issuance. Data on the Hanoi Stock Exchange showed as of March 24, eight companies issued bonds worth more than 23.8 trillion VND (over 1 billion USD), of which real estate firms dominated the market with total issued value of 19 trillion VND, accounting for 80% of total value. This number was a significant increase compared to the value of 500 billion VND in February and 110 billion VND in January. On March 16, two realty firms – Hung Yen Urban Investment and Development Co Ltd and Southern Star Urban … [Read more...] about Corporate bond issuance surges in March after prolonged inactivity

State Securities Commission in collaboration with the International Finance Corporation (IFC) ) organised a training programme on “Gas Inventory and Reporting” for listed companies in Ha Noi and HCM City. — Photo courtesy of HoSE In the face of increasing concerns about climate change as well as corporate responsibility in sustainable development, the Ho Chi Minh Stock Exchange (HoSE) said it was considering deducting points of businesses who does not include information on greenhouse gas (GHG) emissions in the annual report period of 2022. Nguyen Thi Thu Thuy, deputy director of the International Cooperation Department under the State Securities Commission, said that in Viet Nam, standards, regulations and guidelines are helping information disclosure under ESG (Environment – Society – Governance) become more popular such as the 2020 Law on Environmental Protection, Decree No. 06/2022/ND-CP on mitigation of greenhouse gas (GHG) emissions and protection of the ozone layer, … [Read more...] about Listed businesses failing to report emissions may receive penalty points from HoSE

Customers at Vietcombank's branch. VCB led the stocks which pulled the VN-Index most on Monday. — VNS Photo Mai Huong Shares opened this week on a negative note on both major stock exchanges as pessimistic news from the financial market continued to affect investors’ psychology. On the Ho Chi Minh Stock Exchange, the VN-Index gave up more than 22 points, or 2.11 per cent, to close Monday’s trade at 1,023.10 points. The southern bourse’s index lost nearly 1 per cent last week. Meanwhile, the HNX-Index on the Ha Noi Stock Exchange decreased 1.39 per cent to end at 201.62 points after losing 1.6 per cent last week. The market breadth leaned heavily to the sellers with 612 losers and 176 gainers. Nineteen of the 25 stock industries tracked by vietstock.vn lost, of which 19 posted an average loss of more than 1 per cent. Only one sector – ancillary production – increased by 0.3 per cent on average. The biggest losers included agricultural production, securities, retail, … [Read more...] about Shares open new week on negative note amid uncertainty