High priced stocks

According to SHS statistics, oil and gas stocks fell the most with notable losers of Viet Nam National Petroleum Group (PLX) decreasing 3.7 per cent, PetroVietnam Oil Corporation (OIL) falling 2.5 per cent, PetroVietnam Drilling & Well Services Corporation (PVD) down 2.7 per cent, PetroVietnam Technical Services Corporation (PVS) falling 2.4 per cent, PetroVietnam Gas JSC (GAS) dropping 3.8 per cent and PV Power (POW) declining 3.8 per cent. … [Read more...] about Varying forecasts for stock market, plenty of opportunities for investors

Market breadth was balanced with 196 stocks rising versus 197 others ending lower. Without significant block deals, trading value on the HCMC market slumped 51.7% against the previous day at VND5.5 trillion while volume contracted 19.9% at 309.9 million shares. … [Read more...] about Domestic stocks move flat

Binh also set tasks for PVN, requesting it implement the national strategy for sustainable development of the marine economy to 2030, with a vision to 2045; improving the quality of corporate governance and implementing corporate restructuring; and having appropriate operating solutions to meet domestic consumption demand, ensure energy security and efficiency in petroleum production and trading. … [Read more...] about PVN receives high praise from Deputy Prime Minister

“At the moment, the Taiwanese fund has little impact on the overall market as its size cannot match the Vietnamese market’s,” he added. “But this is still a good chance for Viet Nam to draw the attention of Taiwanese investors.” … [Read more...] about Local ETFs draw foreign attention

Hanoi (VNS/VNA) - The domestic exchange-traded fund VFMVN Diamond (HoSE: FUEVFVNĐ) on September 8 issued an additional 300,000 certificates to raise the total amount of certificates to 148.3 million. The issuance helped boost the value of certificates listed on the Ho Chi Minh Stock Exchange to 1.483 trillion VND (63.9 million USD) from 1.48 trillion VND. As of September 6, the net asset value (NAV) of the fund was 1.9 trillion VND, equal to 12,884.58 VND (0.56 USD) per certificate. The fund debuted on HoSE on May 12 at 11,693.36 VND per certificate with charter capital of 102 billion VND. The fund has recently become a target for foreign investors, especially Taiwan-based investment fund CTBC Vietnam Equity Fund. The Taiwanese fund will buy 21 million certificates of VFMVN Diamond between September 7 and October 6. The Taiwanese fund in late August reported it had raised 160 million USD to invest in the Vietnamese equity market, targeting high-potential listed companies … [Read more...] about Local ETFs draw foreign attention