Vietravel's general director strikes the gong to debut their shares on the Unlisted Public Company Market (UPCoM) on Friday morning. — Photo baotintuc.vn Shares maintained above the reference threshold on the Ho Chi Minh Stock Exchange but were on the downward trend by the end of the morning. Closing the morning session, the VN-Index edged up 0.27 per cent at 993.47 points. Large caps remained the support pillar for the southern market with 17 of the top 30 largest shares by market value and liquidity gained value. Only 10 declined. Mobile World Investment Group (MWG) and Vietnam Prosperity Bank (VPB) rose by more than 1 per cent while others such as FPT Corp (FPT), Saigon Securities Inc (SSI), PV Gas (GAS), insurer Bao Viet Holdings (BVH), Vietcombank (VCB) and Vinhomes (VHM) increased by less than 1 per cent By contrast, on the Ha Noi Stock Exchange, the HNX-Index inched down 0.05 per cent at 104.72 points. A total of 110.4 million shares worth combined VND2.84 trillion … [Read more...] about Shares inch up, Vietravel debuts shares
Markets
Gelex to sell 40 million shares in ceramics maker Viglacera
The headquarters of ceramic maker Viglacera. Gelex will reduce its ownership in Viglacera from 12.23 per cent to 3.31 per cent. — Photo cafef.vn The Viet Nam Electric Equipment Joint Stock Corporation (Gelex) is planning to sell 40 million shares in ceramics maker Viglacera Corporation (VGC). The sale is scheduled to take place from September 27 to October 26. If successful, Gelex will reduce its ownership in Viglacera from more than 54.82 million shares (12.23 per cent) to 14.82 million shares (3.31 per cent), and lose its status as a major shareholder. Gelex Electric Equipment Co., Ltd. (Gelex Electric) has registered to buy 40 million shares in VGC in the same period. Gelex Electric currently holds 57.1 million shares in VGC, representing 12.74 per cent of Viglacera's capital. It is likely this sale is an internal agreement between Gelex and Gelex Electric. Chairman of Gelex Nguyen Van Tuan is also chairman of Gelex Electric and Viglacera. Gelex also owns a 100 per cent stake … [Read more...] about Gelex to sell 40 million shares in ceramics maker Viglacera
Shares go up on buying demand
Nearly 70.3 million shares were traded on the southern bourse, worth VND1.7 trillion (US$73.5 million). — Photo ndh.vn HÀ NỘI — Shares rose up on Thursday morning thanks to the positive movements of the large-cap stocks. The benchmark VN-Index on the Ho Chi Minh Stock Exchange rose 0.09 per cent to close at 988.22 points after losing 0.08 per cent to close Wednesday at 987.0 points.. Nearly 70.3 million shares were traded on the southern bourse, worth VND1.7 trillion (US$73.5 million). Many large-caps gained strongly thanks to the rising buying demand, including brewery Sabeco (SAB), increasing by 3.6 per cent to VND272,500 per share, the construction conglomerate Cotec Construction Joint Stock Company (CTD), up by 2 per cent to VND98,000 per share, Saigon Securities Incorporation (SSI), climbing by 2 per cent to VND22,100 per share. These stocks were among the large-caps that pushed the large-cap VN30-Index up 0.21 per cent to end at 914.31 points. On the Ha … [Read more...] about Shares go up on buying demand
VN stocks step down on lack of support
A trading office of the Bank for Investment and Development of Vietnam (BIDV). The bank's shares (HoSE: BID) gained 1.1 per cent on Wednesday following news about its October income. — Photo bidv.com.vn Vietnamese shares slid on Wednesday as investors were holding back ahead of third-quarter corporate earnings. The benchmark VN-Index on the Ho Chi Minh Stock Exchange inched down 0.08 per cent to close at 987.0 points. The VN-Index rose 0.24 per cent on Tuesday. More than 171.5 million shares were traded on the southern market, worth VND3.63 trillion (US$256 million). The trading figures increased in volume but fell in value compared to the previous day. Investors were unwilling to participate in the market trading ahead of the July-September earnings season, Thanh Cong Securities Co (TCSC) said in its daily report. Their caution may continue keeping stocks differentiated in the short term until earnings reports for the third quarter of the year are fully released, the company … [Read more...] about VN stocks step down on lack of support
Market faces strong selling pressure
Bao Viet headquarters in Ha Noi. Shares of the company dropped 1 per cent on Wednesday morning to VND72,500 a share. — VNS Photo Mai Huong The market continued to face strong selling pressure on Wednesday morning from the beginning of the trading session. The benchmark VN-Index on the Ho Chi Minh Stock Exchange dropped 0.49 per cent to close at 983.27 points after rising 0.24 per cent on Tuesday. More than 99.2 million shares were traded on the southern bourse, worth VND2.6 trillion (US$110.6 million). Many large-caps were hit strongly, including Bao Viet Holdings (BVH), down by 1 per cent to VND72,500 per share, FLC Faros Construction Corporation (ROS), decreasing by 2.4 per cent to VND26,350 per share, Tien Phong Bank (TPB) losing by 1.3 per cent to VND22,000 per share, Vinamilk (VNM) declining by 0.4 per cent to VND126,400 per share, and PetroVietnam Gas JSC (GAS) dropping by 1.4 per cent to VND102,000 per share. These stocks were among the large-caps that declined and pushed … [Read more...] about Market faces strong selling pressure