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Update news stock market
The arrest followed the expansion of the police’s ongoing investigation over the case of market manipulation and appropriation of assets by deceit at FLC Group and other affiliates.
The Hochiminh Stock Exchange has announced that the HVN shares of Vietnam Airlines would be delisted if the airline’s business results worsen this year.
To meet investors’ demand for odd-lot trading on the stock market, in recent years, the Ho Chi Minh Stock Exchange (HoSE) has coordinated with FPT Information System to upgrade and test the market with odd-lot trading functions.
Last month, the benchmark even witnessed an outstanding breakthrough with a gain of more than 74 per cent over the previous month.
The capital scale of securities companies has grown robustly in the past two years. In the context of the current sharp decline in market liquidity, this resource is somewhat redundant, and the race to attract customers is heating up.
The Vietnam Stock Exchange (VNX) has approved the Hochiminh Stock Exchange’s proposal (HOSE) to launch odd-lot trade from September 12 this year.
With many favorable conditions, industrial real estate in Vietnam is having growth potential.
The stock market rose for a sixth straight week last week, while liquidity posted a second weekly loss.
The open market operations (OMO) have been more stable this month after the State Bank of Vietnam (SBV) reduced its intervention in the market.
Vietnamese shares are forecast to continue their upward trend this week as profit-taking pressure is cooling down significantly.
Foreign investors net purchased 14.8 million stocks, worth some VND80 billion ($3,42 million) during the week from August 8 – 12, showing that the Vietnamese securities market remained attractive to them.
Minister of Finance Ho Duc Phoc has responded in writing to a NA delegate of Lam Dong province on issues related to the management of capital, stock and bond markets.
Tthe market capitalization of the HoSE in the first seven months of 2022 has evaporated VND1.01 quadrillion ($43.43 billion) compared to the end of 2021.
Tuning in with the upbeat sentiment of the US stock market, the VN-Index also climbed robustly in the trading session on July 28 after the US Federal Reserve decided to raise interest rates for the third consecutive time.
Heavyweight stocks dragged Vietnamese’s blue-chip share indices lower on Tuesday, pressuring the overall stock market amid weakening market sentiment.
The market traded two different ways on Friday with the VN-Index failing to cross the psychological level of 1,200 points, as rising selling pressure outweighed demand for riskier assets.
Indices witnessed mixed performance on Thursday, as the uptrend was cushioned by many large-cap stocks, however, lingering selling pressure capped gains.
During the last seven to eight trading sessions, the VN Index suddenly went down and then up again to bottom at 1,150 points. The Index almost stood still and always looked like it was going to break bottom.
The Vietnamese stock market witnessed a strong correction recently, mainly due to international macroeconomic factors, including global soaring inflation and the US Federal Reverse rate hikes.
Several securities stocks hit the ceiling due to the strong increase in demand and high buying prices after the information that the securities settlement cycle T+2 will be applied in August.