An investor passes boards showing share prices at Tan Viet Securities Co. (Photo: VNA) Hanoi (VNA) – A gloomy atmosphere spread across the stock market on May 22 when all groups of stocks fell, forcing VN-Index to tumble to below 1,000 points. On the Ho Chi Minh Stock Exchange (HOSE), the downward trend on the previous day continued with the selling pressure dominating the market right from the beginning of the trading session. The benchmark VN-Index fluctuated around 1,000 points in the morning and plunged in the afternoon when a supply pressure appeared in all groups of shares. Among key stocks, VNM continued to move against the common trend when investors flocked to buy this share, boosting its price to the ceiling level of 118,200 VND per share. Others stocks recorded price declines. Property, insurance and bank stocks witnessed the strongest decreases of 6.47 percent, 5.74 percent and 4.7 percent, respectively. The VN-Index lost 29.07 points to 985.91 points at the end … [Read more...] about VN-Index nosedives to under 1,000 points in gloomy atmosphere
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Vietnam’s stock market falls from 1,000 points
Vietnam’s stock market fell by 2.86 percent on Tuesday to close at more than 985 points, marking the very first time it has dropped from the level of 1,000 points and higher since the beginning of this year. The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HOSE) hit 984.24 on the last trading day of 2017, the highest ever since 2007, before reaching 1,000 points in early January. As many as 28 blue chips saw their points dropping in the trading session on Tuesday afternoon. There were only 58 companies gained points on the stock market and as many as 257 others lost points by the closing time. Vietnam’s Deputy Prime Minister Vuong Dinh Hue last Friday demanded relevant authorities to find out why the country’s stock market has been so volatile over the past few months, which is hurting the economy. Aside from objective market analysis, the deputy PM requested analysts to look into all other possible factors to ascertain whether there’s been any insider … [Read more...] about Vietnam’s stock market falls from 1,000 points
Fifth loss puts Nam Dinh at bottom of points table
HA NOI — Megastar Nam Dinh fell to the bottom of the V-League ranking table after losing 0-1 to Khatoco Khanh Hoa on home turf yesterday. The host team, who received significant support from the Megastar Group this season, continued their dark days of play for yet another week by failing to take advantage of a home game. The team has only scored one point in six weeks. The only goal of the match was scored at the 34th minute. Khanh Hoa's striker Nguyen Ngoc Dieu ran unobserved by any of Nam Dinh's defenders from the outside to capitalise on a free kick. He netted the ball with a simple tap. Nam Dinh played with greater strength in the second half but their efforts were not enough to overthrow a formidable Khanh Hoa defence. The central province team went home with three points, boosting them three steps to sixth place in the rankings. Nam Dinh's place at the bottom represented a bad sign for coach Nguyen Ngoc Hao. He could be the second V-League coach to lose his job after … [Read more...] about Fifth loss puts Nam Dinh at bottom of points table
VN-Index recovers, climbs past 1,000 points
VN-Index recovers, climbs past 1,000 points (05-07-2007) HA NOI — After two gloomy days of trading, Vietnamese share prices rallied yesterday and the country’s biggest index closed above the 1,000-point benchmark. The VN-Index ended the day up 36.26 points, or 3.71 per cent, at 1013.56. Volume was 5.1 million shares and turnover was VND501 billion (US$31 million). The HCM City stock exchange saw the price of 93 shares increase, 48 of which reached all-time highs. BMC (Binh Dinh Minerals JSC) and TCT (Tay Ninh Cable Tour) were two of the top performers with price increases of VND22,000 ($1.4) and VND13,000 ($0.8), respectively. ALT (Alta Company) and LGC (Lugia Mechanical Electrics JSC) posted the highest losses, with prices decreasing VND3,000 ($0.18) to VND106,000 ($6.6) and VND110,000 ($6.8) per share. The market’s upswing contrasts an HSBC prediction that the VN-index would sink to 900 points. The rally showed that investors were not affected by forecasts, said Vo … [Read more...] about VN-Index recovers, climbs past 1,000 points
Vietnam Stock Market: Losing 1,000-point Benchmark
Vietnam Stock Market: Losing 1,000-point Benchmark Big Changes Between Sessions Ending the April 16 trading day, the VN-Index lost 29.98 points to close at 983. The trading volume was modest at 5.2 million shares valued VND680 billion (US$42.5 million). The market closed with 97 decliners, two advancers (FPT and ALT) and 10 unchanged stocks. In the first session, FPT rose VND13,000 in market value to be traded at the ceiling price of VND546,000. On April 17, the stock indictors were overwhelmingly red (the colour indicating depreciation of listed stocks) in spite of higher trading volume and value. The VN-Index dropped an additional 17.28 points to close at 965.72. The fall was further widened when the trading day was near to close. Among 109 listed stocks, 90 closed lower, nine higher and nine unchanged. The order-matching volume was 5.4 million units, valued VND606 billion (US$37.87 million). Contrary to previous trading days, demand suddenly soared by 62 per cent to 13.5 … [Read more...] about Vietnam Stock Market: Losing 1,000-point Benchmark