Hose

Gold bars saw a higher increase than gold rings on February 24 while it usually happens inversely. At the same time, the global gold price on the Kitco also soared strongly to trade at US$1,684 an ounce, an increase of nearly $45 an ounce compared to the previous trading session. According to experts, the precious metal is on its way to conquer the all-time high of nearly $1,790 an ounce it made in 2012. If converted into Vietnamese dong, the global gold price was trading at VND49 million per tael and Saigon Jewelry Company was the trader whose gold price was nearest to the global price. Meanwhile, Vietnam’s stock market flooded in red on February 24. On the Ho Chi Minh City Stock Exchange, the VN-Index plummeted 29.75 points, or 3.19 percent, to close at 903.34 points. The VN30-Index also lost 31.49 points, or 3.62 percent, to 837.4 points. In Hanoi, the HNX-Index fell 3.62 percent and the UPCoM-Index declined 1.9 percent. Several large-cap stocks dropped heavily or even hit … [Read more...] about Gold rockets to VND49 million per tael

Foreign investors were net sellers for the eleventh consecutive session on all three bourses, with a net sell value of VND143 billion ($6.17 million). Selling pressure was mostly focused on VCB of Vietcombank and HAG of agricultural giant Hoang AnhGia Lai, which actually rose 4.7 percent to its ceiling price. … [Read more...] about Bank stocks lead VN-Index recovery

In the other direction, ROS shares of real estate developer FLC Faros was again the biggest losing stock on HoSE, falling 4.8 percent. The stock has been on a nosedive, having hit its floor price in 12 out of the last 16 trading sessions, losing a total 56.6 percent in the period. … [Read more...] about VN-Index gains for fourth straight session

The share issuance filing has been submitted to the State Securities Commission (SSC) and MB Bank has to make a final report on the deal within 10 days from the issuance date. … [Read more...] about MB Bank sells shares in a private deal

VIC of private conglomerate Vingroup, the market’s biggest capped share, slipped one  percent, while MSN of food conglomerate Masan Group and VJC of budget carrier VietJet Air dropped 1.7 percent and 1.6 percent respectively. … [Read more...] about Stock market sinks to yet another low