Vietnam’s benchmark VN-Index on the Ho Chi Minh Stock Exchange reached 1,000 points in the morning session but then reversed to fall 0.15 per cent in the afternoon session, ending Tuesday at 992.45 points, due to increased selling pressure. Investors at Bao Viet Securities Co’s trading floor in Hanoi. - VNS Photo Truong Vi The southern market index increased 1.47 per cent on Monday. On the Hanoi Stock Exchange, the HNX-Index lost 0.26 per cent to end the session at 108.24 points. It gained 1.18 per cent on Monday. A total of 356 million shares worth a combined VND5.73 trillion (US$246 million) changed hands on the two bourses. The VN30, which tracks the top 30 shares by market value and liquidity on the Ho Chi Minh Stock Exchange, decreased 0.51 per cent to end at 923.66 points. Shares gained in the morning because of the large purchasing power focused on banking-finance stocks such as Bank for Investment and Development (BID), Vietcombank (VCB), Vietinbank (CTG) … [Read more...] about VN Index fails to maintain 1,000 points
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VN-Index climbs, nearing 1,000 points
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Viet Nam News HÀ NỘI – Vietnamese shares advanced on Monday with positive investor confidence in global market moves, but strong selling pressure could be a challenge in the coming days. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) rose as high as 999.9 points – the highest level since October 5, 2018 – on Monday before selling pressure limited gains. It closed at 994.43 points, a gain of 0.56 per cent. The VN-Index was expected to touch the 1,000 points this year, VNDirect Securities Corp said in its 2019 market outlook. Last week, the VN-Index gained a total of 4 per cent over five trading days. Since the beginning of the year, it has gained 13.2 per cent. More than 227.7 million shares were traded on the southern bourse, worth VNĐ5.2 trillion (US$223.8 million). The market rally was attributed to positive global market moves, as sentiment was bolstered by the US’s decision to delay its tax hike on Chinese … [Read more...] about VN-Index climbs, nearing 1,000 points
Gold price drops like lead after God of Wealth peak
Huge crowds of people were lining up to buy gold on the God of Wealth day. Source: vnexpress.net The local tradition of purchasing gold to seek fortune helped multiply jewellery firms’ average daily revenue on the God of Wealth day (February 14 this year). Riding the waves of local demand, Phu Nhuan Jewelry JSC (PNJ), DOJI Gold & Gems Group JSC (DOJI), Bao Tin Minh Chau, Phu Quy, and others annually launch promotions and new products to lure people into purchasing gold for the occasion of the God of Wealth day. This year, PNJ increased the number of staff and offered many means of e-payment to serve customers. Additionally, DOJI also launched 300,000 gold products, up 30 per cent against last year, and opened its shops at 6AM instead of the normal 8.30AM to meet the huge demand. From the early morning of this year’s God of Wealth day, buyers have been lining up in front of jewellery stores across the country. Sales growth on this year’s God of Wealth day is … [Read more...] about Gold price drops like lead after God of Wealth peak
BUSINESS NEWS IN BRIEF 26/1
Rice exports set to pick up in Q1 2019 Rice exports are predicted to thrive during the first quarter of 2019 as regular importers are giving positive signs, according to a Ministry of Agriculture and Rural Development source. Rice exports to regular importers such as the Philippines and Indonesia will soar in the first quarter of 2019 as both have recently been hit by natural disasters. The Agro Processing and Market Development Authority made the prediction at a press conference on January 22. The conference briefed expectations of farm produce exports during 2019, reported the news outlet Vietnam Economic Times. The authority stated rice exports to regular importers such as the Philippines and Indonesia will soar in the first quarter of 2019 as both have recently been hit by natural disasters. As many as 166 Filipino companies have made plans to import 1 million tons of rice, of which many have been ordered from Vietnam. This move came after the Philippines lifted its import … [Read more...] about BUSINESS NEWS IN BRIEF 26/1
Social News 20/1
Lao traffickers arrested in Dien Bien Border guards in Dien Bien province have arrested two Lao nationals for illegally smuggling drugs. The suspects were identified as Ly A Sua, 42, and Hua A Cho, 31, residing in Phongsali district, Laos. Accordingly, at 22:00, the police caught them red-handed. These men were in possession of 6,000 pills of synthetic drugs, 3 kg of opium, and other exhibits which has now been seized by the authority. The arrested admitted they transported the drugs from Laos into Vietnam for consumption. Further investigation into the case is underway. Steel flyover helps ease traffic congestion at Tan Son Nhat airport area The final arm of steel flyover at the Nguyen Thai Son-Nguyen Kiem intersection in Go Vap district, HCM City was opened to traffic on January 18. steel flyover helps ease traffic congestion at tan son nhat airport area hinh 0 With a total investment capital of VND504 billion, the steel N-shape bridge is one of the six major traffic … [Read more...] about Social News 20/1