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Update news stock market
The recent interest rate cuts by the State Bank of Vietnam (SBV) have little impact on the Vietnamese stock market.
The Ministry of Finance (MOF) has proposed raising the limit of credit for securities investments as a solution to help businesses seek capital.
The stock market experienced a sharp decline in Q1. KIS Vietnam has advised investors not to ‘sell in May and go away’.
Consumer goods, health care, energy, construction materials, infrastructure, and technology are among the sectors with enormous potential for investment in Vietnam once the COVID-19 pandemic subsides, an expert has said.
The number of securities companies that saw profits decrease or took losses in Q1 were much higher than the number of companies that maintained growth.
Experts all think the appearance of a new cash flow for bottom fishing will help the stock market recover after a strong correction during Covid-19.
The number of newly opened accounts has reached a record high at a time when the stock market has fallen sharply.
The stock market fell sharply in March, with all indices dropping steeply, according to the Ho Chi Minh Stock Exchange.
Vietnam Airlines is among 51 stocks that had been barred from margin lending in the second quarter, according to the Ho Chi Minh Stock Exchange (HoSE).
Signs of recovery appeared last week as the stock price stopped sliding.
Tens of listed companies plan to spend trillions of dong to buy treasury stocks in an aim to prevent stock prices from falling.
As the covid-19 epidemic has been escalating, the market capitalization value has been sliding. Market losses have reached $44 billion.
The VN Index has decreased by 156 points, or 17.7 percent, since the beginning of March.
Shares in Asia slide on Monday as more drastic action is taken by governments to stop virus spreading.
The Ministry of Finance has cut the fees of nine securities services and exempted fees for six others as from March 19 as part of efforts to support the stock market amid the negative impact of the COVID-19 epidemic.
With greater liquidity, investors would look for markets deemed safe with less negative impacts from the Covid-19 epidemic.
FTSE 100 dives 7% despite central banks announcing a co-ordinated effort to ease the coronavirus impact.
Even in a rebounding scenario, the VN-Index on the Hochiminh Stock Exchange is expected to experience wild volatility and revisit a support range of 710-740 points next week, according to Bao Viet Securities.
Private-equity bank shares have performed well amid fears of COVID-19 in the last five weeks.
Securities companies have launched many support packages and incentives to retain investors while waiting for state management agencies to apply measures to revive the stock market.