Market declines on fragile investor confidence

Shares rebounded on August 14 after four consecutive downturns on the two national stock exchanges last week, boosted by recovery of large-cap stocks (Photo: VNA) Hanoi (VNA) – Shares rebounded on August 14 after four consecutive downturns on the two national stock exchanges last week, boosted by recovery of large-cap stocks. The VN-Index on the HCM Stock Exchange picked up 0.53 percent to close at 776.17 points. The benchmark index slipped 2.64 percent in the last four sessions. Only four of the top 30 largest shares by market value and liquidity on the southern exchange tumbled, while 22 advanced. Capital was channeled into various sectors, including banks, steel and pharmaceutical firms, construction and real estate. Banks were among the biggest gainers with five of listed lenders gaining value; four of the largest banks by market value – Vietcombank (VCB), Vietinbank (CTG), BIDV (BID) and Military Bank (MBB) – increased between 0.5 percent and 3.6 percent. Advancers also included steelmakers Hoa Phat Group (HPG) and Hoa Sen Group (HSG), DHG Pharmaceutical (DHG), Kinh Bac City Development (KBC), FLC Faros Construction (ROS), HCM Infrastructure Investment (CII) and PV Gas (GAS). On the negative side, the two biggest firms food and beverage industry firms, Vinamilk (VNM) and Sabeco (SAB), slumped and restrained the market rise. “However, the VN30-Index increasing further than the VN-Index indicated investors’ tendency to increase their portfolio proportion of the large-cap stocks in the VN30 basket,” analysts at BIDV Securities…... [read more]

hares rebounded yesterday after four consecutive downturns on the two national stock exchanges last week, boosted by recovery of large-cap stocks.– VNA/VNS Photo Shares rebounded yesterday after four consecutive downturns on the two national stock exchanges last week, boosted by recovery of large-cap stocks. The VN-Index on the HCM Stock Exchange picked up 0.53 per cent to close at 776.17 points. The benchmark index slipped 2.64 per cent in the last four sessions. Only four of the top 30 largest shares by market value and liquidity on the southern exchange tumbled, while 22 advanced. Capital was channeled into various sectors, including banks, steel and pharmaceutical firms, construction and real estate. Banks were among the biggest gainers with five of listed lenders gaining value; four of the largest banks by market value – Vietcombank (VCB), Vietinbank (CTG), BIDV (BID) and Military Bank (MBB) – increased between 0.5 per cent and 3.6 per cent. Advancers also included steelmakers Hoa Phat Group (HPG) and Hoa Sen Group (HSG), DHG Pharmaceutical (DHG), Kinh Bac City Development (KBC), FLC Faros Construction (ROS), HCM Infrastructure Investment (CII) and PV Gas (GAS). On the negative side, the two biggest firms food and beverage industry firms, Vinamilk (VNM) and Sabeco (SAB), slumped and restrained the market rise. “However, the VN30-Index increasing further than the VN-Index indicated investors’ tendency to increase their portfolio proportion of the large-cap stocks in the VN30 basket,” analysts at BIDV Securities Co (BSC) wrote…... [read more]

The benchmark VN Index picked up 0.24 per cent to close Monday morning at 773.90 points after losing for four consecutive sessions. — Photo tinnhanhchungkhoan.vn Shares recovered on Monday morning on the HCM Stock Exchange after four consecutive losing sessions last week, boosted by large-cap stocks. The benchmark VN Index picked up 0.24 per cent to close at 773.90 points. Twenty-one of the 30 largest shares by market value and liquidity advanced; six declined. Banks continued to give the market’s its momentum with six listed banks gaining value. BIDV (BID) was the biggest gainer with a rise of 1.2 per cent, while others went up by less than 1 per cent. Besides banks, the shares of securities, construction and steel companies also supported the market. Large-cap stocks in these sectors, such as Saigon Securities Inc (SSI), HCM Securities (HCM), BIDV Securities (BSI), Vietinbank Securities (CTS), Hòa Phát Group (HPG), Hoa Sen Group (HSG), Kinh Bac City Development (KBC) and HCM City Infrastructure Investment (CII), were among the gainers. On the negative side, large food and beverage companies such as Vinamilk (VNM), Sabeco (SAB) and Kido Group (KDC) slumped. On the Ha Noi Stock Exchange, the HNX Index was up 0.21 per cent at 101.07 points. Liquidity was low with only 127 million shares worth around VND1.9 trillion (US$84.8 million) being traded in the two markets in the morning. The afternoon session starts at 1pm. – VNS ... [read more]

Shares recovered on Monday morning on the HCM Stock Exchange after four consecutive losing sessions last week, boosted by large-cap stocks. The benchmark VN Index picked up 0.24 per cent to close Monday morning at 773.90 points after losing for four consecutive sessions. The benchmark VN Index picked up 0.24 per cent to close at 773.90 points. Twenty-one of the 30 largest shares by market value and liquidity advanced; six declined. Banks continued to give the market’s its momentum with six listed banks gaining value. BIDV (BID) was the biggest gainer with a rise of 1.2 per cent, while others went up by less than 1 per cent. Besides banks, the shares of securities, construction and steel companies also supported the market. Large-cap stocks in these sectors, such as Saigon Securities Inc (SSI), HCM Securities (HCM), BIDV Securities (BSI), Vietinbank Securities (CTS), Hòa Phát Group (HPG), Hoa Sen Group (HSG), Kinh Bac City Development (KBC) and HCM City Infrastructure Investment (CII), were among the gainers. On the negative side, large food and beverage companies such as Vinamilk (VNM), Sabeco (SAB) and Kido Group (KDC) slumped. On the Ha Noi Stock Exchange, the HNX Index was up 0.21 per cent at 101.07 points. Liquidity was low with only 127 million shares worth around VND1.9 trillion (US$84.8 million) being traded in the two markets in the morning. The afternoon session starts at 1pm. Source VNA ... [read more]

Increased merger and acquisition (M&A) activities can spur infrastructure development in Vietnam, a current growth imperative, Planning and Investment Minister Nguyen Chí Dung said yesterday. Le Trong Minh, Editor in Chief of the Vietnam Investment Review, speaks at the annual Vietnam M&A Forum on August 10, 2017 in HCM City. He told an M&A forum in Hanoi that the sector has entered a new chapter in the 2014 to 2018 period, riding what experts have called the second wave of investment. The capital inflow from foreign investors during this period is expected to reach US$20 billion, 25 per cent of which could happen this year. This is largely driven by equitisation commitments of major State owned enterprises, the rise of private sector and steady investment from foreign economic entities. The Ministry of Planning and Investment (MPI) has concluded that in order to catalyse growth, investment in the form of M&As in the infrastructure sector needs to increase and expand across many branches of the economy. The projects would include upgrading roads, railways, airports and seaports to global standards, as well as establishing a stable network of real estate and retail conglomerates. Prime Minister Nguyen Xuan Phuc had also emphasised this during his official visit to the US and Japan last June, informing hosts that Viet Nam was pushing for M&A activities involving divestments in key sectors of the economy such as construction, retail, tourism or communications by State owned enterprises. Le Trong Minh, Editor in Chief of the Vietnam Investment…... [read more]

​Le Trong Minh, Editor in Chief of the Vietnam Investment Review, speaks at the annual Vietnam M&A Forum on August 10, 2017 in HCM City (Photo: tinnhanhchungkhoan.vn) Hanoi (VNA) - Increased merger and acquisition (M&A) activities can spur infrastructure development in Vietnam, a current growth imperative, Planning and Investment Minister Nguyen Chi Dung said on August 10. He told an M&A forum in Hanoi that the sector has entered a new chapter in the 2014 to 2018 period, riding what experts have called the second wave of investment. The capital inflow from foreign investors during this period is expected to reach 20 billion USD, 25 percent of which could happen this year. This is largely driven by equitisation commitments of major State owned enterprises, the rise of private sector and steady investment from foreign economic entities. The Ministry of Planning and Investment (MPI) has concluded that in order to catalyse growth, investment in the form of M&As in the infrastructure sector needs to increase and expand across many branches of the economy. The projects would include upgrading roads, railways, airports and seaports to global standards, as well as establishing a stable network of real estate and retail conglomerates. Prime Minister Nguyen Xuan Phuc also emphasised this during his official visit to the US and Japan last June, informing hosts that Vietnam was pushing for M&A activities involving divestments in key sectors of the economy such as construction, retail, tourism or communications by…... [read more]

NDO – The East-West Economic Corridor (EWEC) International Trade, Investment and Tourism Fair opened in the central city of Da Nang on August 11, gathering nearly 200 businesses and organisations from localities nationwide, as well as from foreign countries. This event is part of a series of activities to celebrate the 50th anniversary of the founding of the ASEAN. Approximately 350 booths are showcasing various products and services in the fields of electricity, electronics, IT, furniture, interior decor, handicrafts, hotels and restaurants, as well as consumer products, processed and canned food, textiles, leather shoes, pharmaceuticals and cosmetics. Around 22 agricultural and trade promotion centres from Hanoi, Yen Bai, Bac Ninh, Quang Ninh, Binh Dinh, Khanh Hoa, Gia Lai, Lam Dong, Hau Giang, Binh Thuan and Binh Phuoc joined in the event. Particularly, 15 provinces and cities from foreign countries, such as South Africa, Thailand, Laos, Cambodia, Myanmar, Hungary and Indonesia, displayed their products at the fair, with the main products including processed food and beverages, local specialties, farm produce, fruit, and industrial products. A workshop on cooperation and the development of services on the EWEC and artistic performances will take place during the six-day event, offering opportunities for enterprises to introduce and display their products, whilst helping them to explore and expand markets. As part of the trade fair’s activities, a signing ceremony for a Memoranda of Understanding on cooperation between businesses was held during the 2017 Da Nang Supply and Distribution Connection Conference. This is also an opportunity for…... [read more]

Trading orders are made at Hanoi Stock Exchange (Source: VNA) Hanoi (VNA) - Vietnamese shares extended losses for a third straight session on August 10 but investor confidence showed signs of improvement after being brought down by false news and global tension. The benchmark VN Index on the HCM Stock Exchange went down slightly to close at 773.43 points, little changed from August 9’s closing level. The HNX Index on the Hanoi Stock Exchange inched down 0.10 percent to end at 100.97 points. The two indices have lost total 2.5 percent and 1.4 percent after the last three sessions. More than 257.5 million shares were traded on both local exchanges, worth 3.87 trillion VND (171.9 million USD). The trading figures were down nearly 40 per cent in both volume and value compared to August 9’s numbers. The stock market performed positively on August 10 and it could recover in coming sessions as investor sentiment improved after being rocked a day before, according to Bao Viet Securities Company (BVSC). Vietnam’s stock market on August 9 tumbled, posting the worst fall in 20 months, after tension between the US and the Democratic People’s Republic of Korea escalated and false news about the arrest of a former highly-ranking bank executive. Investor confidence was dampened, which triggered a large-scale sell-off on the stock market, made investors turn to less risky assets such as gold, brought all 20 sectors of the stock market down…... [read more]

Trading orders are made at Ha Noi Stock Exchange. — VNA/VNS Photo Tuan Anh Vietnamese shares extended losses for a third straight session on Thursday but investor confidence showed signs of improvement after being brought down by false news and global tension. The benchmark VN Index on the HCM Stock Exchange went down slightly to close at 773.43 points, little changed from Wednesday’s closing level. The HNX Index on the Ha Noi Stock Exchange inched down 0.10 per cent to end at 100.97 points. The two indices have lost total 2.5 per cent and 1.4 per cent after the last three sessions. More than 257.5 million shares were traded on both local exchanges, worth VND3.87 trillion (US$171.9 million). The trading figures were down nearly 40 per cent in both volume and value compared to Wednesday’s numbers. The stock market performed positively on Thursday and it could recover in coming sessions as investor sentiment improved after being rocked a day before, according to Bao Viet Securities Company (BVSC). Viet Nam’s stock market on Wednesday tumbled, posting the worst fall in 20 months, after tension between the US and North Korea escalated and false news about the arrest of a former highly-ranking bank executive. Investor confidence was dampened, which triggered a large-scale sell-off on the stock market, made investors turn to less risky assets such as gold, brought all 20 sectors of the stock market down and resulted in a…... [read more]

Vietnamese shares extended losses for a third straight session on Thursday but investor confidence showed signs of improvement after being brought down by false news and global tension. Trading orders are made at Hà Nội Stock Exchange. - VNA/VNS Photo Tuấn Anh The benchmark VN Index on the HCM Stock Exchange went down slightly to close at 773.43 points, little changed from Wednesday’s closing level. The HNX Index on the Hà Nội Stock Exchange inched down 0.10 per cent to end at 100.97 points. The two indices have lost total 2.5 per cent and 1.4 per cent after the last three sessions. More than 257.5 million shares were traded on both local exchanges, worth VNĐ3.87 trillion (US$171.9 million). The trading figures were down nearly 40 per cent in both volume and value compared to Wednesday’s numbers. The stock market performed positively on Thursday and it could recover in coming sessions as investor sentiment improved after being rocked a day before, according to Bảo Việt Securities Company (BVSC). Việt Nam’s stock market on Wednesday tumbled, posting the worst fall in 20 months, after tension between the US and North Korea escalated and false news about the arrest of a former highly-ranking bank executive. Investor confidence was dampened, which triggered a large-scale sell-off on the stock market, made investors turn to less risky assets such as gold, brought all 20 sectors of…... [read more]




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