stock market

Update news stock market

BUSINESS IN BRIEF 29/10

 Pepper industry aims US$1 billion annual export target; HOSE, NYSE strengthen cooperation; HCM City welcomes Chinese businesses; Russia’s WTO membership impact on Vietnam

BUSINESS IN BRIEF 16/10

 October CPI likely to increase by 0.76%; Stock market boost expected from TPP; Local businesses going through crunch time; Southern economic hub to upgrade industrial parks

TPP may make Vietnamese stock market “boom”

The Trans Pacific Strategic Economic Partnership (TPP) is believed to help the Vietnamese stock market experience the 2006-2007 golden days again. Textile and garment, footwear, seafood and pharmaceuticals would also get benefits from TPP.

BUSINESS IN BRIEF 1/10

 Ornamental fish make profit splash; Car makers take early imports turn; Rubber exports hit $1.68b in first 9 months of 2013; Agro-forestry-fishery exports outstrip $20b mark

Reaction to Nokia transaction mixed among Fins

 Finland, base and origin of mobile giant Nokia, was surrounded by mixed atmosphere filled with hope, watch, doubt and despair on Tuesday, after news came out that the company is going to sell its mobile sector to Microsoft.

Securities companies languishing for the death

 VietNamNet Bridge – Incurring big losses and heavy debts, securities companies still have to spend money to maintain their operation until the day they are allowed to “die.”

Draft to bolster stock market supervision

 VietNamNet Bridge – A new draft decree from the Ministry of Finance (MoF) will see tighter supervision of the country's bourses, and the Viet Nam Securities Depository Centre (VSD).

Will Vietnamese stock market benefit from open-end fund boom?

 VietNamNet Bridge – Despite the dark days of the stock market, more and more open end investment funds have been set up. However, it’s still too early to say about their performance.

Good news cannot push stock prices up

 VietNamNet Bridge – Despite the rapid-fired good news about the macro economy, stocks remain dirt cheap. The VN Index could not stay firmly at the 500 point threshold, while HNX Index could not emerge to the 62 point level.

Top 10 richest people on VN stock market in H1

 VietNamNet Bridge – The Top 10 richest people on the stock market of Vietnam in the first half of 2013 has a new face: Mr. Le Phuoc Vu - Hoa Sen Group Chairman.

Three small investors to blame for costly stock market rumour

The Ministry of Public Securities has found the three individual believed to have started rumour that the chairman of the Bank for Investment and Development of Viet Nam was arrested in February, causing chaos in the stock market.

It’s time to declare death for a series of securities companies

 VietNamNet Bridge – The death of the first securities companies has been declared officially after they failed to struggle to survive. Many other companies, named in the black list, would have the same fate.

Number of listed companies falls in H1

VietNamNet Bridge – Twenty-one companies and one fund delisted shares in the first half of this year, the State Securities Commission revealed on July 4, reducing the total number of listed companies in the country.

Investors more cautious with their money

The market is volatile and has potential risks, making investors to be increasingly cautious. Their top priority at present is probably not to “make money from money," but to preserve their capital - a negative signal for the economy.

Companies given pat for performance

 Fifty companies have been chosen out of 700 firms listed on Viet Nam's stock market as having the most effective business performance.

Bourse hit by exchange-traded funds

VietNamNet Bridge – Portfolio restructuring of exchange-traded funds (ETFs) continued to have negative impacts on the Vietnamese stock market last week, as shares plunged steeply on both national stock exchanges.

Jittery markets await clarity from the Fed

 The Federal Reserve's policy board meets Tuesday to review the economy and its stimulus program, and markets are looking for one thing: clarity.

Solid stocks trend hints at long-term rally

 VietNamNet Bridge – The VN-Index rose 3.8 per cent on the HCM City Stock Exchange last week compared to the previous week, rising to 518.39 points.

Foreign money pouring strongly into Vietnam’s stock market

VietNamNet Bridge – The VN Index has increased by 25 percent so far this year, turning Vietnam into the fastest growing market in South East Asia.

Securities companies sold for next to nothing

VietNamNet Bridge – A lot of securities companies have been put on sale. These include the ones with bad financial situation, offered to be given away.