Markets

A Vietjet representative (centre) receives the Forbes award. — VNS Photo Vietjet Aviation Joint Stock Company (HOSE code: VJC) was recognised as one of Viet Nam’s 50 best listed companies in 2019 by Forbes Magazine during an award ceremony in HCM City on Thursday. This year's list also including other leading companies on the HCM Stock Exchange (HOSE) and Ha Noi Stock Exchange (HNX) such as dairy firm Vietnamilk, beer maker Sabeco, IT giant FPT Corp, DHG Pharmaceutical, insurance-finance group Bao Viet, digital retailer Mobile World and realty developer Vingroup. Honoured companies this year were rated on the basis of compound annual growth, profit, return on equity, earnings per share growth between 2013 and 2018, branding, quality of corporate management, source of profit and the prospect of sustainable development. According to Forbes, the total capitalisation of the 50 companies reached US$94 billion, accounting for 63 per cent of the total market capitalisation on … [Read more...] about Vietjet named in Forbes’ top 50 listed Vietnamese companies

Shares of Saigon Securities Inc (SSI) increased by more than 3 per cent on Friday's morning. — Photo tbck.vn Investors shrugged off their caution and poured more money into the market in the end of morning trading on Friday, helping lift the VN-Index despite the day's pessimistic opening. On the Ho Chi Minh Stock Exchange, the VN-Index edged up 0.26 per cent to close Friday morning at 981.97 points. Nearly 93 million shares worth VND2.6 trillion (US$111.6 million) were traded on the southern market. On the Ha Noi Stock Exchange, the HNX-Index advanced 0.76 per cent to end at 102.44 points with nearly 16 million shares worth VND233.6 billion traded. Shares of securities companies drew investor attention this morning. Gainers included Saigon Securities Inc (SSI), VNDirect Securities (VND), Sai Gon-Ha Noi Securities (SHS), Ho Chi Minh Securities (HCM), Vietinbank Securities (CTS) and Viet Capital Securities (VCI) with each growing between 2 and 7 per cent. Local media reported … [Read more...] about Shares advance, securities stocks in the spotlight

Real estate-retail-tech giant Vingroup (VIC) and its retail arm Vincom Retail (VRE) will soon have covered warrants. — Photo cafef.vn KIS Viet Nam Securities Co (KIS) will issue covered warrants that underline shares of four large-cap firms – steel maker Hoa Phat Group (HPG), consumer staple firm Masan Group Corporation (MSN), real estate-retail-tech giant Vingroup (VIC) and its retail arm Vincom Retail (VRE). All four covered warrants will have a term of three months, with a conversion ratio of two to one for HPG and VRE and five to one for MSN and VIC. The prices of the four covered warrants will be 30 per cent higher than the market price of the underlying stocks. After the offering process, all of the covered warrants will be deposited at the Viet Nam Securities Depository Centre (VSD) by the issuing company. The non-distributed covered warrants will be held by KIS in its proprietary trading account and be freely traded. After that, covered warrant codes will be … [Read more...] about KIS to sell covered warrants for four large-cap stocks

The Ho Chi Minh Stock Exchange in HCM City. The benchmark VN-Index edged down 0.37 per cent to close Thursday morning at 965.36 points. — Photo tinnhanhchungkhoan.vn Vietnamese shares traded in negative territory on Thursday morning as worries about the downtrend of the global economy hit local market sentiment. The benchmark VN-Index on the Ho Chi Minh Stock Exchange fell 0.37 per cent to close at 965.36 points. The VN-Index was up 0.22 per cent on Wednesday. More than 88 million shares were traded on the southern bourse, worth VND1.9 trillion (US$81 million). Overall confidence was dampened as global stocks moved down overnight Wednesday on worries about global economic issues. Sectors that pulled the market up on Wednesday such as technology, securities, real estate, retail, and food and beverage turned negative on Thursday morning. Large-cap stocks struggled and the blue-chip VN30-Index dropped 0.46 per cent to end at 876.44 points. On the derivatives market, the VN30F1908 … [Read more...] about VN stocks fall on poor global economy prospects

Screens show stock prices. Vietnamese shares on Wednesday were bouyed by the US decision to postpone a 10 per cent tariff on US$300 billion worth of Chinese products. — Photo tinnhanhchungkhoan.vn Vietnamese shares recovered on Wednesday morning, driven by technology, insurance and retail sectors. The benchmark VN-Index on the Ho Chi Minh Stock Exchange edged up 0.44 per cent to close at 971.10 points. The VN-Index fell 0.87 per cent on Tuesday. Nearly 73.7 million shares were traded on the southern bourse, worth VND1.6 trillion (US$69.5 million). Technology, insurance and retail sectors were the driving force of the stock market. The three industry indices gained between 1.4 per cent and 1.8 per cent, data on vietstock.vn showed. They were followed by agriculture, home appliances, rubber, construction, and food and beverage sectors. The market sentiment was good after the US President Donald Trump postponed a new 10 per cent tariff imposed on $300 billion Chinese products. The … [Read more...] about Investors cheer US tariff delay