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Update news stock market
While Truong Gia Binh’s FPT company is enjoying business prosperity, Le Hong Minh’s VNG is facing significant difficulties. Despite this, technology shares are expected to have a bright future.
Cash flow was still weak last week, but the recovery of key stocks, including FPT, where Truong Gia Binh is president, and commercial banks, helped the VN-Index increase sharply.
At the close of the first trading session of the week (August 5), the VN-Index plummeted by nearly 50 points. However, later, the market regained almost half of what was lost and during the remaining three trading sessions.
Shares surged on Friday as the rebound of large-cap stocks enabled the VN-Index to recover 15.32 points following the previous session’s decline, with foreign investors halting their four-day net selling streak.
Vingroup, Vinhomes and Vincom Retail, listed as 'Vin-family' shares belonging to dollar billionaire Pham Nhat Vuong, jumped in price on August 7, hitting the ceiling level.
Foreign investors net sold a significant value of over VNĐ1.36 trillion (US$54.1 million) on the two main exchanges.
Following the sell-off frenzy in the market yesterday, the domestic market opened fairly positive in the morning trade, gaining nearly 12 points.
Vietnamese people’s incomes have increased faster than those of Thai residents. Banks are warned about online scams. The police launch legal proceedings against Cong Minh Green Tree.
A quiet giant has emerged in the spice industry, providing chili sauce and spices to large food brands in Vietnam, such as Pizza Hut, Popeyes, Domino's and Jollibee.
Foreign investors have unexpectedly bought shares in large quantities after one year of strong sales, though liquidity before Tet is always low.
Shares of many domestic tech retailers are at historic highs.
Real estate firms in Vietnam continue to face difficulties as real estate shares fluctuate unpredictably.
The news about huge capital flow into the stock market could not help raise the VN-Index. The bond debt repayment by a big realtor and dollar price increase also restrained investors’ excitement.
The stock market on September 11-16 was shaken with a selling trend in the majority of business fields, especially real estate. The VN-Index dropped by 30 points before slightly recovering at the end of the week at 1,227 points.
The Hochiminh Stock Exchange (HOSE) has announced to add six more stocks to the warning list due to their failure to timely submit audited financial statements for the first half of 2023.
The Vietnamese stock market was dynamic in the first trading week of September, thanks to positive macroeconomic news.
In the first eight months of 2023, cash flow into ETFs investing in Vietnamese stocks reached more than VNĐ2.8 trillion.
Many stock sell/purchase deals have been made recently by the sons and daughters of billionaires, catching the special attention of investors.
If including the whole week before the long holiday, the VN-Index increased by 3.4 percent, despite some worrying factors, including exchange rate fluctuation.
Global investors' attention is shifting to Vietnamese stocks, which have a higher long-term rate of return (ROR) than stocks in other emerging markets in the region and the world.