Shares rose for a second day on Friday on the two national stock exchanges as investors increased bargain hunting for large-cap stocks after the steep decline since mid-April. Shares rose for a second day on Friday on the two national stock exchanges as investors increased bargain hunting for large-cap stocks after the steep decline since mid-April.– VNA/VNS Photo Vietnam’s benchmark VN-Index on the HCM Stock Exchange increased 2.23 per cent to close Friday’s trade at 992.87 points, extending a two-day growth to 4.63 per cent. On the Ha Noi Stock Exchange, the HNX-Index edged up 0.73 per cent to end at 115.75 points. The northern market index rose 2.9 per cent on Thursday. Large caps again led the market rise on Friday as 25 of the top 30 largest shares by market value and liquidity on the main bourse in HCM City advanced while only three declined. Steelmaker Hoa Sen Group (HSG) and budget airline Vietjet Air (VJC) were the biggest gainers, rising 7 per … [Read more...] about VN shares rise for a second day
Bao vn net
VN stocks bounce back on banks
Vietnamese shares soared on Thursday on strong demand from investors for financial-banking firms and property developers. People watch stock movements at Bao Viet Securities Co in Ha Noi.-VNS Photo Truong Vi The benchmark VN-Index on the HCM Stock Exchange rose 2.40 per cent, or 22.75 points, to end at 971.25 points. It was down 0.39 per cent on Wednesday. The minor HNX Index on the Ha Noi Stock Exchange gained 2.88 per cent to close at 114.91 points, recovering from a 1 per cent loss made in the previous session. More than 224.6 million shares were traded on the two local exchanges, worth VND6.57 trillion (US$292.2 million). Market trading liquidity increased from Wednesday’s level with a 21 per cent growth in volume and a 29 per cent rise in value. Large-cap stocks received strong purchases from investors, with the blue-chip VN30 Index jumping 3.12 per cent to 947.31 points at the end of the day. The market breadth was positive as gaining stocks were dominant over … [Read more...] about VN stocks bounce back on banks
VN stocks may keep weakening
Vietnamese stock markets will likely remain gloomy in the coming week as investors could maintain poor confidence amid the volatility of the market, thus keeping overall liquidity low and too weak for a market’s short-term comeback. A trading session at Maybank Kim Eng Securities Company in HCM City. - VNA/VNS Photo Hoang Hai The benchmark VN Index on the HCM Stock Exchange (HOSE) advanced nearly 1 per cent to close Friday at 1,040.54 points, totalling a weekly loss of 0.4 per cent. The VN Index has erased 13.6 per cent since it hit the record high of 1,204.33 points on April 9. The minor HNX Index on the Ha Noi Stock Exchange inched down 0.19 per cent on Friday to end last week at 121.27 points. The northern market index fell a total 1.2 per cent after one week. An average of 246 million shares were traded in each of the five trading sessions last week, worth VND11 trillion (US$489 million). The daily average trading figures last week increased by 16.6 per cent in … [Read more...] about VN stocks may keep weakening
BUSINESS IN BRIEF 29/4
VN firms cosy up to Asia-Pacific partners Construction begins on TAFiCO’s second production line Maybank Kim Eng Securities ups capital Masan Group shareholders approve ambitious sales targets Honeywell opens first Asian cyber-security centre in Singapore Vinafood II starts trading on UPCoM Vinafood II was officially started trading on unlisted public company market (UPCoM) and registered to list 114.8 million shares with the code VSF, yesterday. Reference price on the first trading day was VND 10,100 per share, yesterday. In 2018, Vinafood II said it plans to speed up trade promotion program to food products, exploit large-scale trade markets such as China and Africa. Vinafood II’s representative affirmed this year sees its strong demand for exports. As per plan, Vinafood II will try the diversification of rice export markets, not to depend on the existing ones. It targets to … [Read more...] about BUSINESS IN BRIEF 29/4
Overview of the East Sea Dispute
China’s recent aggressive acts in the East Sea has pushed escalation of tensions in the area and sparked concern that the area is becoming a flashpoint with global consequences. VietNamNet would like to give you an overview of the dispute in the East Sea to help our reader understand its nature. The China-Philippines dispute in the East Sea I. Overview of the East Sea The East Sea map. The East Sea is a semi-enclosed sea in the Pacific Ocean, covering an area of over 3.5 million sq. km. It is bordered by nine coastal countries, namely Vietnam, China, the Philippines, Malaysia, Brunei, Indonesia, Thailand, Cambodia and Singapore. The East Sea is abundant in natural resources, especially oil, gas and marine resources. Recently, data suggest that the sea has huge reserves of natural hydrate. The sea is the second busiest maritime route in the world after the Mediterranean route, with 150 - 200 large-tonnage ships passing through its waters every day. Imports and exports … [Read more...] about Overview of the East Sea Dispute