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Bluechips help main index set new high The Saigon Times A person monitors stock information on a computer screen at a securities firm in HCMC. The benchmark VN-Index of the Hochiminh Stock Exchange bounced back and closed at a new high today, June 22 - PHOTO: VNA HCMC – The benchmark VN-Index of the Hochiminh Stock Exchange bounced back and closed at a new high today, June 22, thanks to the support of bluechips, especially bank and real estate stocks. With 189 winners and 204 losers, the main index added 7.34 points, or 0.53% against the previous session at 1,379.97. Nearly 747 million shares worth over VND22 trillion were traded on the southern bourse, declining 3% in volume and 1% in value over the session earlier. Of the total value, shares traded in put-through transactions were worth some VND2 trillion. In the VN30 basket, 17 stocks made gains, 10 others encountered losses, while the remaining three---dairy firm VNM, fuel distributor PLX, and lender … [Read more...] about Bluechips help main index set new high

The index stayed in the green throughout the day, going as high as 1,386 points at the beginning of the afternoon session, before gradually cooling down. It closed up 7.34 points. Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, slipped 1.18 percent to VND22.39 trillion ($973.6 million), the lowest figure since June 2. The bourse saw 189 tickers in the green and 204 in the red. The VN30 basket, comprising the index's 30 largest capped stocks, saw 17 stocks gain, with NVL of real estate developer Novaland Group leading the fray. The ticker rose 4.1 percent, its third consecutive session in the green. It has risen over 136 percent this year. MBB of Military Bank increased 3.3 percent to a new peak of its own. It pushed the index up by more than one point. The top contributor to the index’s growth Tuesday was CTG of state-owned lender VietinBank, which pushed it up by 1.6 points. The ticker experienced a 3.2 percent growth this session. … [Read more...] about VN-Index rebounds with seven-point gain

The moves to take in order to help firms ride economic wave - illustration photo The government can best help businesses by continuing its remarkable success in limiting the spread of COVID-19. The challenge now is to source vaccines and quickly vaccinate the population as supplies become available. This should remain the highest priority. Recent global success in containing the pandemic means that there are now much improved prospects for global economic recovery. The World Bank recently projected global growth of 5.6 per cent in 2021. A key question for policymakers is: What more can Vietnam do to help firms benefit from the expected improvement in the global economy? When the pandemic first started to impact the global economy, governments initially focused on actions to retain jobs and limit firm closures. Policy actions were directed at quickly increasing spending and liquidity to sustain investment and employment, and measures to reduce business costs to stimulate … [Read more...] about The moves to take in order to help firms ride economic wave