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Update news stock market
Investors of the Republic of Korea (RoK) were net buyers of stocks in Vietnam, at 9.1 million USD, in the first 11 days of August, over four times higher than the net buying of 2.12 million USD in July.
The Hanoi Stock Exchange (HNX) has announced that after six years of operation, the derivative stock market has shown positive and stable growth, with active trading and an increasing number of investors.
Vietnam's stock market in the first 7 months of 2023 has seen impressive growth, surpassing major stock markets in the world such as the US, Korea, India, and China.
Gains in the property developer Vingroup was not able to lift the market's downtrend.
By the end of July, there were 43 stocks with market capitalisation of over US$1 billion, according to the latest data published by the Ho Chi Minh City Stock Exchange (HoSE).
Real estate shares were the focus of the stock market last week with Vingroup share prices up by 21 percent and good news about the government’s efforts to remove obstacles from the real estate market. The stock liquidity was firm at over $1 billion.
Demand for electricity is expected to continue to rise rapidly as the country’s economic growth regains momentum in the near future.
Vietnam’s stock market is witnessing the fastest and strongest recovery since the beginning of this year, as the VN-Index has surpassed the threshold of 1,200 points.
The benchmark VN-Index increased for the fourth consecutive trading session on July 26 to surpass 1,200 points, the highest in 10 months.
APEC Securities (APS) again made a profit in the second quarter after its CEO and president were prosecuted.
Just within one trading session, half of the shares of a bank were transferred last week. Large transactions are always associated with big changes in shareholder and leadership structure.
The national economy is expected to improve in the second half of the year thanks to a series of government support policies including a loosened monetary policy and expansionary fiscal policy.
Domestic and foreign funds have disbursed up to 5.84 trillion VND (24.69 billion USD) in the first half of 2023 after the capital flow of exchange-traded funds (ETFs) returned to the market last month.
With the expectation that interest rates will continue to fall in the coming quarters while corporate profits begin to recover, brokerages forecast that the Vietnamese stock market will be uplifted in the second half of 2023.
In several big stock manipulation cases, share prices fluctuated dramatically several within a short time. The businesses with poor business performance were even praised sometimes on social networks.
HVN shares of Vietnam Airlines will only be traded in the afternoon session from July 17 due to the carrier’s delay in submitting its audited financial statement for 2022.
Despite poor results in the first quarter of 2023, auto stocks are still expected to perform well on supportive policies, including interest rate cuts and a 50% reduction in automobile registration fees.
The State Securities Commission (SSC) on July 3 warned investors that there are forged documents to deceive investors, specifically the fake certificate of registration of establishment of public funds issued on May 10, 2023.
The stock market has been fluctuating heavily because of profit-taking pressure. However, there has been no sign of cash withdrawal as foreigners continue to buy.
The Hochiminh Stock Exchange (HOSE) has announced the compulsory delisting of AMD and GAB, which are the final two stocks related to FLC Group on the stock market.