Hochiminh Stock Exchange
This month’s adoption of new infrastructure is expected to disentangle technical congestion in the Ho Chi Minh Stock Exchange – a dragging conundrum for both institutional and mom-and-pop investors.
Vietnam’s stock market recorded strong fluctuations last week, but the VN-Index still gained overall.
Even though economic growth is expected to strongly recover this year as the pandemic has been contained, companies in many sectors have still lowered their profit targets.
Shares are forecast to rebound this week on the positive Q1 earning results and stable cash flow, analysts said.
The market ended lower last week as many large-cap stocks faced selling pressure after the VN-Index hit a new high of over 1,255 points.
Vietnam's stock market edged lower on Tuesday as selling pressure reappeared in many sectors.
Vietnam’s stock market capitalisation on Ho Chi Minh Stock Exchange (HOSE) as of March 31 skyrocketed 93.56 percent year-on-year to more than 4.46 quadrillion VND (193.72 billion USD), HOSE said.
Southeast Asia Commercial Joint Stock Bank (SeABank) on March 24 listed more than 1.2 billion SSB shares on the Ho Chi Minh Stock Exchange - HOSE (HSX) with the reference price of VND16,800 per share and the price range of +/- 20%.
The Ho Chi Minh Stock Exchange (HoSE) is considering stopping the allowance of order amendments or cancellations during trading activities to reduce system overloads which have troubled traders recently, the bourse said.
The Vietnamese stock market climbed to its 32-month high last week and the rally may keep going in the coming week.
Although Vietnam's stock market has experienced five consecutive weeks of gains with record-high liquidity, analysts said investors’ caution and the uptrend would weaken as the VN-Index approaches the resistance level of 1,030 points.
The Vietnamese stock market is forecast to struggle this week with rising caution among investors as they wait for the market to reach its balance point.
Food producer KIDO Group (KDC) has announced that it is entering the beverage industry by setting up a joint venture with dairy giant Vinamilk.
The Vietnamese stock market may move marginally up as investors look forward to foreign exchange-traded funds (ETFs) to complete their quarterly investment reviews.