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Update news stock market
The demand for new housing units in Vietnam is still strong and prices are still affordable, and so the prices of real estate stocks are likely to recover if and when the Government takes action to ease credit conditions.
The rallies were driven by large-cap stocks in appealing industries, including banking, realty, manufacturing and utilities.
Vietnam’s stock and property markets are struggling with volatile capital flows. If the situation is not properly tackled, dire consequences would be unavoidable.
The list of companies recognized as having the best transparency and governance on the Hanoi Stock Exchange (HNX) doesn’t include many well-known names.
Both management agencies and enterprises want to restore investors’ confidence in the stock and bond markets, saying that the cases of FLC, Tan Hoang Minh and An Dong are just "flies in the ointment".
The current stock market seems no longer lucrative enough, with both domestic and foreign investors racing to sell off.
Many businesses are complaining about the shortage of cash, but real estate firms are keeping cash in their coffers.
Vietnam's stock market has seen strong volatility in recent years, stemming from investors' cautious sentiment in the face of uncertainties and a less positive outlook for the world economy and politics.
Although their business performance has remained impressive, bank stock prices have plummeted on the stock market.
The president of DucGiang Chemicals and the owner of Hoang Anh Gia Lai have reassured shareholders in separate letters following a slide in stock market prices.
Cash has been flowing into the stock market for bottom fishing, when many shares fall sharply in price, losing 50-90 percent of value. Shares are even cheaper than the 2008 crisis period or during Covid-19.
Many stock prices have fallen after companies bought back bonds before maturity.
As of the end of November 14, the market benchmark VN-Index was the world's worst performance index in a week, a month, a quarter, six months, a year, since the beginning of the year, and from the peak.
The State Securities Commission (SSC) has carried out measures to strengthen the domestic stock market after the current strong fluctuations.
The shares of companies owned by Vietnamese billionaire families have lost value, causing big losses.
Korea and China have issued policies to support the market and businesses amid growing worries about a credit crunch in the bond and short-term money markets.
The Vietnam Stock Exchange (VNX) has applied for membership of the World Federation of Exchanges (WFE) in replacement of the Ho Chi Minh Stock Exchange (HOSE).
Correction of stock market in recent months has caused speculative stocks to plummet. Many investors have moved out of the stock market due to poor speculation and hot stocks introduced by securities with the nickname A7.
The stock market has declined sharply after a series of domestic ‘black swan’ events, showing no sign of recovery this month.
Many stocks unexpectedly received a large amount of capital inflows from foreign investors, especially some banking stocks, even though the market went down in October.