- © Copyright of Vietnamnet Global.
- Tel: 024 3772 7988 Fax: (024) 37722734
- Email: evnn@vietnamnet.vn
Update news stock market
Vietnam's stock market has shown promising liquidity prospects as the State Securities Commission unveils measures to bolster stability and transparency.
Cash flow always looks to more attractive investment channels with higher returns, so when interest rates decrease, cash flow will shift from the savings channel to the stock and real estate markets, according to experts.
Besides the listed FDI enterprises doing business with profit, there are names that have been delisted due to losses.
While individual investors' cash flow is becoming a support for the market, foreign investors are strongly net selling out multi-trillions dong.
VNZ shares of VNG, a tech unicorn, were added to the restricted trading list after the company was late in submitting its financial report. The VNZ price has plummeted by 45 percent from its peak, but is still the highest-priced in the stock market.
Real estate stocks have currently entered the medium-term recovery wave in the long-term downtrend, but the wave usually lasts three to six months.
The stock market is expected to see more investment opportunities for the medium and long term in the second quarter of 2023, according to analysts.
The Vietnam Stock Exchange (VNX) made VND2,089 billion in after-tax profit last year, up a staggering 53% year-on-year. This is the consolidated figure from both HCMC and Hanoi exchanges.
The approval of the Power Development Plan VIII is a positive factor to the domestic stock market, especially electric utility stocks.
The slowdown of global economic growth has affected manufacturing activities across industries, including textiles.
Data in the past showed that the market performance in May was not always the worst. In recent years, the “selloff in May” phenomenon seems no longer a significant concern. So, is the fear of May exaggerated?
Modest growth reported by securities firms in the first quarter of 2023 came as no surprise given the dismal market conditions and the high base in the year-ago period.
Many businesses have promised shareholders that share prices may increase by 10 or 100 times, thus bringing high profits. But this has not happened.
Most companies are slowing down their listing plans in the context of unfavourable market movements and poor business performances, with some even withdrawing their listing documents.
Listed companies are entering the peak season when their business results for the first quarter of 2023 will be made public.
The HCM Stock Exchange (HoSE) has sent a document to a series of businesses requesting they delist their shares on the HoSE due to having suffered losses for three consecutive years.
Despite turbulence in the first few months of 2023, the Vietnamese stock market still has opportunities to recover and develop steadily in the future, Pham Hong Son, vice chairman of the State Securities Commission (SSC), said at a press conference.
The Hochiminh Stock Exchange, or HOSE, has released a list of 74 stocks and fund certificates ineligible for margin trading in the second quarter of this year, nine stocks higher than the previous list published at the beginning of this year.
The State Securities Commission (SSC) will review the Law on Securities and related decrees to complete the legal framework, and strengthen sanctions for violations to protect the legitimate rights and interests of investors.
It is believed that the enhancement will help shore up investor confidence in the Vietanmese stock market after recent scandals.