Stock market hours 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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Many streets in Hanoi on Friday suffered heavy traffic congestion for hours from early afternoon as a drizzle hit the capital city. It took commuters 20-30 minutes to travel on the route of Ton Duc Thang Street - Nguyen Luong Bang Street - Tay Son Street - Nguyen Trai Street. Those major streets connecting Dong Da and Thanh Xuan Districts with several intersections and roundabout, were packed with heavy traffic volume, especially at the O Cho Dua Roundabout. The same congestion happened on Lang Street, and the intersections of Nguyen Trai - Khuat Duy Tien Streets and Xa Dan - Pham Ngoc Thach Streets. Despite the presence of traffic police officers, it was not until around 7:00 pm that the congestion became gradually more relaxed. This photo shows the heavy traffic congestion on Xa Dan Street in Hanoi, March 5, 2021. Photo: H.Q. / Tuoi Tre This photo shows the traffic congestion on Nguyen Luong Bang Street in Hanoi, March 5, 2021. Photo: H.Q. / Tuoi Tre This photo shows the heavy traffic congestion on Tay Son Street in Hanoi, March 5, 2021. Photo: H.Q. / Tuoi Tre This photo shows the heavy traffic congestion on Truong Chinh Street in Hanoi, March 5, 2021. Photo: H.Q. / Tuoi Tre This photo shows the heavy traffic congestion on Tay Son Street in Hanoi, March 5, 2021. Photo: H.Q. / Tuoi Tre This photo shows the heavy traffic congestion on Tay Son Street in Hanoi, March 5, 2021. Photo: H.Q. / Tuoi Tre Like us on Facebook or follow us on Twitter to get the latest news about Vietnam! …

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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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