Markets

Fish is processed by workers at Hung Vuong Corporation. — Photo tinnhanhchungkhoan.vn Aquatic producer and exporter Hung Vuong Corporation plans to sell its stake in two smaller seafood processing firms. Hung Vuong wants to sell its 90 per cent stake in Hung Vuong Ben Tre Seafood Processing Co Ltd, worth VND180 billion (US$7.74 million). In addition, the firm plans to cut its ownership in An Giang Fisheries Import and Export JSC to below 50 per cent from nearly 80 per cent. Hung Vuong holds more than 22.3 million shares in An Giang Fisheries Import and Export. Both Hung Vuong and An Giang Fisheries Import and Export JSC are listed on the Ho Chi Minh Stock Exchange with code HVG and AGF, respectively. Hung Vuong shares fell 4.3 per cent to close Friday at VND2,900 ($0.12) per share. Its shares have plunged total 17 per cent in the last three trading days. Meanwhile, shares of An Giang Fisheries Import and Export JSC have soared 13 per cent in the last three days to end Friday at … [Read more...] about Aquatic firm sets to withdraw from two sub units

The VN-Index rebounded on Friday after a three-day decline thanks to the recovery of a few large-caps. The benchmark VN-Index on the Ho Chi Minh Stock Exchange rose 0.37 per cent to close at 953.61 points. More than 155.8 million shares were traded on the southern bourse, worth VND3.4 trillion (US$145.3 million). Gaining stocks outnumbered decliners by 143 to 132 on the southern market while 72 remained unchanged. The large-cap VN30-Index was up 0.23 per cent to 861.65 points, with 14 of the 30 largest stocks by market value and trading liquidity climbing. In the morning session, buying force focused on blue-chips such as PetroVietnam Gas JSC (GAS), the Vietnam National Petroleum Group (PLX) and Vinamilk (VNM) and banking stocks such as Vietcombank (VCB), Bank for Investment and Development of Vietnam (BID), Vietinbank (CTG) and Techcombank (TCB). In the afternoon session, the market receded from the morning gains due to some decliners such as Masan Group (MSN), FPT Corporation (FPT) … [Read more...] about VN-Index recovers after three-day decline

Gaining stocks outnumbered gainers by 147 to 98 on the southern market while 64 others were unchanged. — Photo ndh.vn HÀ NỘI — Vietnamese shares rebounded on Friday after a three-day decline thanks to the recovery of some individual large-caps. The benchmark VN-Index on the Ho Chi Minh Stock Exchange rose 0.39 per cent to close at 953.83 points. The southern market index lost 0.43 per cent on Wednesday. More than 80.8 million shares were traded on the southern bourse, worth VND1.7 trillion (US$72 million). Gaining stocks outnumbered gainers by 147 to 98 on the southern market while 64 others were unchanged. The large-cap VN30-Index was up 0.38 per cent to 862.98 points with 18 of the 30 largest stocks by market value and trading liquidity climbing. After three consecutive declining sessions, the market indices recovered with Vietcombank (VCB) as a strong supporter with an increase of 1.6 per cent to VNĐ68,400 per share. Large-cap stocks like Vingroup (VIC), … [Read more...] about Shares rebound after three day decline

SSI starts issuing covered warrants at all of its transaction offices nationwide and online at www.ssi.com.vn/khach-hang-ca-nhan/dang-ky-mua-ipo. — VNS Photo SSI Securities Corporation (SSI) began issuing covered warrants on Thursday (June 13) through Friday (June 14) until 5 pm at all of its transaction offices nationwide and online at www.ssi.com.vn/khach-hang-ca-nhan/dang-ky-mua-ipo. SSI received permission to issue the covered warrants from the State Security Commission of Việt Nam. Covered warrants, which are expected to start trading from June 28, would offer new opportunities to investors as well as help them limit losses and make higher profits amid market volatility. Covered warrants are issued by a securities company, and the trading of covered warrants is similar to that of underlying stocks. They are always associated with underlying stocks. In the first IPO, SSI will issue covered warrants with a conversion ratio of 1:1 for the Military Commercial Joint Stock … [Read more...] about SSI starts issuing covered warrants

The Investment and Industrial Development Corporation (Becamex IDC) will pay a 6 per cent dividend payout in cash on August 1. — Photo cafef.vn The Investment and Industrial Development Corporation (Becamex IDC) will pay a 6 per cent dividend payout in cash on August 1. That means every shareholder will receive VND600 (US$0.26) for each share they own. That values the firms August dividend payment at VND607.5 billion ($26 million). Becamex IDC will finalise the list of beneficiary shareholders on June 28. In 2018, the company earned VND6.5 trillion and VND2.34 trillion in total revenue and post-tax profit, respectively. The company plans to raise its charter capital to VND20 trillion in 2019 and move from UPCoM to the Ho Chi Minh Stock Exchange (HoSE). If the exchange-switching plan is approved, Becamex IDC will list all of its one billion shares on the southern bourse. Becamex IDC has more than one billion shares, of which nearly 24.8 million shares are traded on the Unlisted … [Read more...] about Becamex IDC to pay 6 per cent dividends