Stock market announcements this week

Since the Ho Chi Minh Stock Exchange (HoSE) raised its minimum trading lot from 10 to 100 earlier this year, Duy Duc in Hanoi has not been able to sell 90 shares that are now worth around VND7.4 million ($319). This is because his brokerage only wants to buy these shares when their prices fall, to ensure high profits, but this also means that the 29-year-old could see his investment turn into a loss without being able to do anything about it. "If the HoSE raises the minimum trading lot to 1,000, I might not be able to sell 500 shares of another ticker to the market and that could mean a huge loss," he said, adding that the value of these shares are now VND42.5 million. Increasing the minimum trading lot is one of the latest proposals made by the HoSE to ease the system overload it has been facing for several months now because of the surging number of investors. Although the bourse’s CEO Le Hai Tra has defended the proposal, saying that new investors could direct their funds toward exchange traded funds managed by professionals instead of buying big chips on their own to reduce risks, observers say that this goes against the development of the stock market with a level playing field for anyone to make profits. The proposal means that if someone owns 999 shares of VIC of biggest conglomerate Vingroup, which are worth over VND106 million, they will have to sell them on the market immediately before the new policy takes effect or accept to sell them to brokerages later at a much lower price. Financial expert Dinh The Hien said that after 20 years of existence, the HoSE still struggles to attract small investors due to the limited technical capabilities of its system. The State Securities Commission of Vietnam (SSC) in the past had given each share a face value of VND10,000 and allowed a minimum trading lot of 10 shares. This sought to attract all types of investors regardless of their limited financial capability, he told local media. Increasing the …

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PV Power's Vung Ang II thermal power plant, Hà Tĩnh Province. The company shares surged on Friday, hitting the maximum daily gain of 7 per cent. VNS/VNA Photo. HÀ NỘI — Shares edged higher on the last trading day of the week as the VN-Index pared losses. On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index rose 0.01 per cent to finish Friday at 1,168.69 points. The index extended the previous losses in the morning session, down 0.22 per cent. The market breadth turned positive as 264 stocks increased while 169 stocks dropped. And 67 stocks ended flat. More than 594.8 million shares were traded Friday, worth nearly VNĐ15 trillion. In a daily report, Bảo Việt Securities Co. said that the index might return to test a supporting territory of 1,150 - 1,155 points. The analyst from the securities firm assessed the level as a resistance territory that helps the market recover. "However, if the index falls under this resistance territory, it will test the supporting level of 1,100 - 1,200 points. In general, we assessed that the market's recent losses were necessary for investors to gather strength to break through the peak of 1,200 points," Bảo Việt Securities said. While the VN30-Index posted a decrease of 0.04 per cent, it pared some morning losses. The 30 large-cap tracker VN-Index declined 0.04 per cent to close Friday at 1,173.83 points after dropping 0.31 per cent in the morning session. Of the 30 biggest stocks, 10 stocks rose and 15 stocks fell. While big stocks from banking and real estate posted poor performance, oil and gas stocks continued their morning rally. Top five stocks supporting the market trend were PetroVietnam Gas Joint Stock Corporation (GAS), PetroVietnam Power Corporation (POW) and Vietnam International Commercial Joint Stock Bank (VIB), Vietnam Rubber Group - JSC (GVR) and Vietnam Airlines JSC (HVN). Meanwhile, the losses in Vinhomes JSC (VHM), down 1.6 per cent, Vietcombank (VCB), down 0.92 per cent, …

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Singer Thanh Lam plans a comeback via her live show “Hẹn Yeu”. Photo courtesy of nld.com.vn HCM CITY — The local music market is coming back to life with multiple performances scheduled for music lovers across the country in March and April. Many music stars such as Thanh Lam, Mỹ Tâm, Hà Anh Tuấn, Bằng Kiều and Mỹ Linh have released announcements about upcoming special shows and surprises for their fans. “Hẹn Yêu” (Love date) is singer Thanh Lam’s live show, which will take place on March 21 at the Hà Nội Opera House. Thanh Lam told Người Lao Động (Labourer) newspaper that she is craving to sing after a long time away from the stage due to the impact of the COVID-19 pandemic. Musician Lưu Hà An, who is Hẹn Yêu's music director, said the audience will be able to experience Thanh Lam's "feelings during the most beautiful time of her life". Unlike her previous shows, Thanh Lam will not collaborate with musician Quốc Trung this time as he has been very busy. This perhaps will create a "different" Thanh Lam, she said. The announcement of singer Mỹ Tâm's  latest show “Tri Âm” (Soulmate) on March 7 in HCM City and March 14 in Hà Nội surprised many people. It has been a long time since Mỹ Tâm’s last show, and 10,000 tickets sold out immediately within one hour of opening for sale. Mỹ Tâm said that this was her first show with participation of other artists. She said she wanted to thank her fans for always supporting her. Songs from the album “Tâm 9” will be sung on stage, along with other big hits. After news of Mỹ Tâm’s show was published, all of Mỹ Tâm’s albums topped the charts of the most downloaded albums on iTunes in Việt Nam. Meanwhile, singer Hà Anh Tuấn has scheduled his show "The Veston Concert 2021” on April 2 and 3 in Đà Lạt City. Breath of fresh air The programme “The Master of Symphony” with the theme “The Rising Sun” take place on three days between March 3 and March 6 in HCM City’s Hòa Bình Theatre. …

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