Stock market

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 ETF, listed on the New York Stock Exchange, offers investors exposure to Vietnam, Bangladesh, Indonesia, Pakistan and the Philippines with each economy having grown more than 6 percent a year in most years since 2000. "Most emerging market investors focus in Asia on China and India, yet there is a compelling long-term secular growth story in five Asian countries with a combined population of more than 860 million people, expected to grow to one billion by 2035, and with attractive demographics," said Maurits Pot, founder and CEO of Dawn Global. The average age is 28 in these markets with a burgeoning middle class and accelerating digital adoption, he added. The ETF is set to pour at least 85 percent of its net assets into listed companies across the five markets, while 15 percent are set to go into ETFs or deposit receipts. … [Read more...] about New exchange traded fund eyes Vietnam

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