Market booms, value of securities firms shoots up

The benchmark VN-Index failed to conquer the short-term resistance point of 790 for a second day on August 4 (Photo: VNA) Hanoi (VNA) – The benchmark VN-Index failed to conquer the short-term resistance point of 790 for a second day on August 4, dragged down by bank stocks, while growth of many large-cap stocks supported the market. The key index on the HCM Stock Exchange inched up just 0.02 percent to close at 788.68 points. It has risen 1.5 percent for the week. On the Hanoi Stock Exchange, the HNX-Index increased 0.49 percent to end at 101.94 points. The northern market index expanded 1.4 percent this week. Shares of securities and energy firms pushed the market up. Most brokerage companies gained value, of which Saigon-Hanoi Securities Co (SHS) and Vietinbank Securities Co (CTS) were the biggest gainers with growth of 7.8 percent and 5.1 percent, respectively. The biggest listed securities firm Saigon Securities Inc (SSI) picked up over 1.7 percent. Positive performers also included big businesses in the oil and gas sector, including PetroVietnam Drilling Wells Service (PVD), PetroVietnam Technical Service (PVS) and PetroVietnam Drilling Mud (PVC) climbing between 5.6 percent and 3 percent each. However, bank stocks which were the driving force of the previous rally were on the defensive and restrained the market’s uptrend. Only Sacombank (STB) recovered from a three-day slump after the bank’s two ex-bankers were arrested, up 3.3 percent to settle at 12,700 VND (56…... [read more]

An investor traces market swings. Vietnamese shares rose slightly on Friday. — VNS Photo Doan Tung The benchmark VN-Index failed to conquer the short-term resistance point of 790 for a second day on Friday, dragged down by bank stocks, while growth of many large-cap stocks supported the market. The key index on the HCM Stock Exchange inched up just 0.02 per cent to close at 788.68 points. It has risen 1.5 per cent for the week. On the Ha Noi Stock Exchange, the HNX-Index increased 0.49 per cent to end at 101.94 points. The northern market index expanded 1.4 per cent this week. Shares of securities and energy firms pushed the market up. Most brokerage companies gained value, of which Sai Gon-Ha Noi Securities Co (SHS) and Vietinbank Securities Co (CTS) were the biggest gainers with growth of 7.8 per cent and 5.1 per cent, respectively. The biggest listed securities firm Saigon Securities Inc (SSI) picked up over 1.7 per cent. Positive performers also included big businesses in the oil and gas sector, including PetroVietnam Drilling Wells Service (PVD), PetroVietnam Technical Service (PVS) and PetroVietnam Drilling Mud (PVC) climbing between 5.6 per cent and 3 per cent each. However, bank stocks which were the driving force of the previous rally were on the defensive and restrained the market’s uptrend. Only Sacombank (STB) recovered from a three-day slump after the bank’s two ex-bankers were arrested, up 3.3 per cent to…... [read more]

A cyber security researcher widely credited with helping to neutralize the global "WannaCry" ransomware attack earlier this year has been arrested on unrelated hacking charges, according to court documents unsealed on Thursday. FILE PHOTO: The Department of Justice (DOJ) logo is pictured on a wall in New York, United States, December 5, 2013. Marcus Hutchins, a 23-year-old British-based malware researcher who gained attention in May for detecting a "kill switch" that effectively disabled the WannaCry worm, was detained by the FBI in Las Vegas on Wednesday, a U.S. Justice Department spokesman said. He was among tens of thousands of hackers who had descended on the city during the annual Black Hat and Def Con conventions. An indictment filed in a U.S. District Court in Wisconsin accused Hutchins, also known online as "MalwareTech," of advertising, distributing and profiting from malware code known as "Kronos" that stole online banking credentials and credit card data. Hutchins' alleged activity took place between July 2014 and July 2015, according to the indictment. Hutchins, who faces six counts related to Kronos, was indicted along with an unnamed co-defendant on July 12, but the case remained under seal until Thursday, a day after his arrest. Hutchins appeared before U.S. Judge Nancy Koppe in Las Vegas on Thursday. Dan Coe, a federal public defender, told the court Hutchins "had cooperated with the government prior to being charged." The hearing was scheduled to continue Friday afternoon to determine whether he will be represented by private legal counsel or a…... [read more]

While stocks are set to rise this week, concerns remain as listed companies are about to finish releasing their second-quarter earnings reports, putting the market in a period where there is not much information forthcoming, analysts say. Investors at MBS Securities in Hanoi The benchmark VN Index on the HCM Stock Exchange gained 0.72 percent to close at 777.09 points, rebounding from July 27’s loss of 0.3 percent. The HNX Index on the Hanoi Stock Exchange rose 0.93 percent to end at 100.55 points. The northern market index has rallied 3.7 percent in the last four sessions. The two local indices also posted weekly gains after July 28. The VN Index rose 2 percent for the week and the HNX Index increased by 2.6 percent. Both local bourses underwent a week of strong movement as large-cap stocks, especially bank stocks, surged strongly, supporting the market’s uptrend. Among the nine listed banks, the biggest gainers were Bank for Investment and Development of Vietnam (BID), MB Bank (MBB) and Sacombank (STB). These three bank stocks made weekly gains of 9.1 percent, 15.7 percent and 9.4 percent, respectively. Other listed bank stocks such as Vietcombank (VCB), Vietinbank (CTG), Asia Commercial Bank (ACB) and Eximbank (EIB) rose at lower rates. The positive gains in bank stocks helped improve investor confidence in other leading sectors like securities and insurance companies and leading firms like property developer Vingroup (VIC) and dairy producer Vinamilk (VNM). According to analysts at Bao Viet Securities (BVSC), weekly gains of both…... [read more]

Investors at MBS Securities in Hanoi (Photo: VNA) Hanoi (VNS/VNA) – While stocks are set to rise this week, concerns remain as listed companies are about to finish releasing their second-quarter earnings reports, putting the market in a period where there is not much information forthcoming, analysts say. The benchmark VN Index on the HCM Stock Exchange gained 0.72 percent to close at 777.09 points, rebounding from July 27’s loss of 0.3 percent. The HNX Index on the Hanoi Stock Exchange rose 0.93 percent to end at 100.55 points. The northern market index has rallied 3.7 percent in the last four sessions. The two local indices also posted weekly gains after July 28. The VN Index rose 2 percent for the week and the HNX Index increased by 2.6 percent. Both local bourses underwent a week of strong movement as large-cap stocks, especially bank stocks, surged strongly, supporting the market’s uptrend. Among the nine listed banks, the biggest gainers were Bank for Investment and Development of Vietnam (BID), MB Bank (MBB) and Sacombank (STB). These three bank stocks made weekly gains of 9.1 percent, 15.7 percent and 9.4 percent, respectively. Other listed bank stocks such as Vietcombank (VCB), Vietinbank (CTG), Asia Commercial Bank (ACB) and Eximbank (EIB) rose at lower rates. The positive gains in bank stocks helped improve investor confidence in other leading sectors like securities and insurance companies and leading firms like property developer Vingroup (VIC) and…... [read more]

Investors at MBS Securities in Ha Noi. - VNS Photo Truong Vi While stocks are set to rise this week, concerns remain as listed companies are about to finish releasing their second-quarter earnings reports, putting the market in a period where there is not much information forthcoming, analysts say. The benchmark VN Index on the HCM Stock Exchange gained 0.72 per cent to close at 777.09 points, rebounding from Thursday’s loss of 0.3 per cent. The HNX Index on the Ha Noi Stock Exchange rose 0.93 per cent to end at 100.55 points. The northern market index has rallied 3.7 per cent in the last four sessions. The two local indices also posted weekly gains after Friday. The VN Index rose 2 per cent for the week and the HNX Index increased by 2.6 per cent. Both local bourses underwent a week of strong movement as large-cap stocks, especially bank stocks, surged strongly, supporting the market’s uptrend. Among the nine listed banks, the biggest gainers were Bank for Investment and Development of Viet Nam (BID), MB Bank (MBB) and Sacombank (STB). These three bank stocks made weekly gains of 9.1 per cent, 15.7 per cent and 9.4 per cent, respectively. Other listed bank stocks such as Vietcombank (VCB), Vietinbank (CTG), Asia Commercial Bank (ACB) and Eximbank (EIB) rose at lower rates. The positive gains in bank stocks helped improve investor confidence in other leading sectors like securities and…... [read more]

While stocks are set to rise this week, concerns remain as listed companies are about to finish releasing their second-quarter earnings reports, putting the market in a period where there is not much information forthcoming, analysts say. Investors at MBS Securities in Hà Nội. - VNS Photo Trương Vị The benchmark VN Index on the HCM Stock Exchange gained 0.72 per cent to close at 777.09 points, rebounding from Thursday’s loss of 0.3 per cent. The HNX Index on the Hà Nội Stock Exchange rose 0.93 per cent to end at 100.55 points. The northern market index has rallied 3.7 per cent in the last four sessions. The two local indices also posted weekly gains after Friday. The VN Index rose 2 per cent for the week and the HNX Index increased by 2.6 per cent. Both local bourses underwent a week of strong movement as large-cap stocks, especially bank stocks, surged strongly, supporting the market’s uptrend. Among the nine listed banks, the biggest gainers were Bank for Investment and Development of Việt Nam (BID), MB Bank (MBB) and Sacombank (STB). These three bank stocks made weekly gains of 9.1 per cent, 15.7 per cent and 9.4 per cent, respectively. Other listed bank stocks such as Vietcombank (VCB), Vietinbank (CTG), Asia Commercial Bank (ACB) and Eximbank (EIB) rose at lower rates. The positive gains in bank stocks helped improve investor…... [read more]

The new reality is on display in Las Vegas this week at the annual Black Hat and Def Con security conferences, which now have a booming side business in recruiting. "Hosting big parties has enabled us to meet more talent in the community, helping fill key positions and also retain great people," said Jen Ellis, a vice president with cybersecurity firm Rapid7 Inc, which filled the hip Hakkasan nightclub on Wednesday at one of the week's most popular parties. Twenty or even 10 years ago, career options for technology tinkerers were mostly limited to security firms, handfuls of jobs inside mainstream companies, and in government agencies. But as tech has taken over the world, the opportunities in the security field have exploded. Whole industries that used to have little to do with technology now need protection, including automobiles, medical devices and the ever-expanding Internet of Things, from thermostats and fish tanks to home security devices. Attendees head to meeting rooms at the Black Hat information security conference in Las Vegas, Nevada, U.S. July 26, 2017. Photo by Reuters/Steve Marcus More insurance companies now cover breaches, with premiums reduced for strong security practices. And lawyers are making sure that cloud providers are held responsible if a customer’s data is stolen from them and otherwise pushing to hold tech companies liable for problems, meaning they need security experts too. The non-profit Center for Cyber Safety and Education last month predicted a global shortage of 1.8 million skilled security workers in 2022.…... [read more]

The department, analyzing the reports of some domestic and foreign institutions , concluded that 66 out of every 100 computers in Vietnam have been attacked by malware. Meanwhile, malware existing in computers at state agencies will cause immeasurable consequences. Dung said hackers attack computers at state agencies by sending emails with malware to agency officers. When the malware gets into the computers, it will infect other computers of the same networks and collect important information or change the interface of the websites. Recently, hackers have begun using social networks as an instrument to deploy attack campaigns. They forge information sources and show counterfeit URLs that make people think they have access to online newspapers, but in fact, the links lead to “black addresses” which disperse viruses and malware. Users just need to click a mouse to become infected with malware, and then spread the malware to other computers of the same networks. Dung said that this was the newest and highest risk for state agencies, especially when civil servants now access social networks. Ngo Tuan Anh, deputy chair of BKAV, an internet security firm, noted that previously, hackers had to make many exertions to steal information about projects or business contracts. But the work has become very easy now. They just need to send emails with malware to addresses and wait for someone to mistakenly click into the malware, disguised as online newspapers or normal websites. As soon as someone clicks on the malware, the viruses will activate and steal…... [read more]

Among the attacked websites were 15 government-run platforms, with the domain name of .gov.vn, and 50 education (.edu.vn) ones, according to WhiteHat, an online forum for Internet security enthusiasts run by Bkav. Around 200 websites of the Philippines were also attacked in the same period, between May 30 and 31. A Chinese hacker group named 1937cn claimed responsibility for the attacks and made them public on their website, according to WhiteHat. The victimized websites were defaced, or had their interface changed by hackers, via a security loophole found in WebDAV and Fckeditor, software that allows file uploads onto the servers that power these platforms, according to an expert from Bkav, an Internet security firm based in Hanoi. Bkav said it notified webmasters of the attacked websites shortly after detecting the attacks. “The method is similar to a mass attack directed at hundreds of Vietnamese websites in 2014,” Ta Duc Thien, head of Web Security with Bkav, said. The latest attack coincided with the 2015 Asia Security Summit, which kicked off in Singapore on May 29. China’s illegal island-building in the East Vietnam Sea was one of the key issues discussed by top defense officials from across Asia-Pacific at the event, also known as the Shangri-La Dialogue. After altering the interfaces of the websites, hackers left messages with content related to the East Vietnam Sea issue, according to WhiteHat. 1937cn was also behind the mass cyberattacks targeting hundreds of Vietnamese websites in May and September last year, tech newswire ICTNews quoted…... [read more]




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