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Update news HCM City Stock Exchange
The chronic congestion on the Ho Chi Minh City Stock Exchange (HoSE) has caused losses for retail investors, making them insecure.
The HCM City Stock Exchange (HoSE)’s technical system was under significant pressure with billions of new shares recently listed and to be listed on the bourse and huge cash inflow which boosted the market liquidity to record levels.
Banks are sprinting to transfer the listing of shares from Unlisted Public Company Market (UpCom) to official bourses before the Law on Securities takes effect from the beginning of 2021,
Foreign investors remained net buyer in the January – June period with total amount of 201 million shares worth VND10.1 trillion (US$435.05 million).
VietNamNet Bridge - Many banks began preparing to list shares on the bourse for many years, urged by the State Bank (SBV). But no further progress has been made.
The Viet Nam Bank for Industry and Trade (VietinBank) will list all shares owned by the State Bank of Viet Nam (SBV) on the HCM City Stock Exchange soon.
VietNamNet Bridge – The majority of shipping firms have been taking losses over the last five years, while some have sold ships.
VietNamNet Bridge – Shares on May 9 rebounded from the biggest ever retreat that occurred at the previous session.
VietNamNet Bridge – Benchmark indices ended down on both national stock exchanges last week.
VietNamNet Bridge – The two national stock exchanges plan to extend trading hours in the afternoon session in a bid to help boost liquidity and lure investors, but the proposal however is drawing differing opinions from market participants.
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.
VietNamNet Bridge – Foreign investors concluded last week's trading as net sellers on the HCM City Stock Exchange, impacting on the VN-Index and making the domestic investors more cautious.
VietNamNet Bridge – The stock market was back on an uptrend by the end of last week but investor confidence has yet to really recover, which drove trading down on both national stock exchanges.
VietNamNet Bridge – The 13-day rally of the VN-Index finished with two declining sessions last week. On the HCM City Stock Exchange, the VN-Index slid 1.8 per cent over the previous Friday's close to 454.16 points,
Many listed companies had failed to hit their business targets this year due to economic woes, while the stock market had seen many more leave the market due to prolonged losses,