Volatile session

On Ho Chi Minh Stock Exchange (HoSE) represented by the VN-Index, 202 stocks gained while 127 stocks lost. HoSE accounts for a 90 percent market cap of all Vietnam’s listed companies. Liquidity of order-matched transactions plunged to VND2.79 trillion ($120.4 million) from VND2.9 trillion ($125.15 million) the previous session, well below last month’s average of VND3.5 trillion ($151.79 million). The VN30-Index for Vietnam’s 30 biggest market cap companies also added 0.74 percent, with 20 stocks gaining and 5 losing. MSN shares of food giant Masan Group led gains this session, clawing back 5 percent after losing a total 20.85 percent between Wednesday and last Tuesday. Stocks had plummeted last Tuesday when Masan announced a merger deal with Vingroup, Vietnam’s biggest conglomerate, the biggest losing stock on the VN30 for 5 sessions since. Vietnam’s three biggest state-owned lenders by assets all posted positive results, … [Read more...] about VN-Index posts gains in cautious session

Defender Doan Van Hau (Photo: VNA)   Hanoi (VNA) – Vietnam’s U22 players will have no time to rest after their SEA Games victory as Korean coach Park Hang-seo on December 12 announced a list of 28 footballers to prepare for the final round of the AFC U23 Championship in January 2020. In the list, there are three goalkeepers, 10 defenders, 11 midfielders and four strikers. They include most of the SEA Games winners except for midfielders Do Hung Dung and Nguyen Trong Hoang who are over the age limit and defender Doan Van Hau who has returned to his Dutch club SC Heerenveen. Park also called midfielders Tran Dinh Trong and Nguyen Trong Dai who missed key tournaments due to injury, among other talented players. The team will hold a 10-day practice session in the Republic of Korea, starting on December 13. They then will have a week-long rest for the New Year festival before leaving for the Asian competition in Thailand on January 8-26. Vietnam are in Group D … [Read more...] about Young players to train in RoK for Asian U23 champs

  Passengers disembark a Vietjet aircraft. Vietjet (VJC) rose 0.9 per cent on Thursday. —Photo vietjet.com HÀ NỘI — Markets rallied for the second consecutive session on Thursday, partly thanks to the Fed’s Wednesday announcement that it would keep interest rates unchanged and forecast no cuts or hikes in 2020. The central bank’s move helped boost market sentiment, Saigon-Hanoi Securities Co said in its daily report. The VN-Index on the Hồ Chí Minh Stock Exchange (HOSE) rose 0.66 per cent to end Thursday at 968.17 points. Nearly 219 million shares worth almost VNĐ4.2 trillion (US$182 million) were traded on the southern market. The benchmark index increased 0.15 per cent to end Wednesday at 961.78 points. Market breadth was positive with 202 shares gaining and 127 declining. The large-cap VN30-Index soared by 0.74 per cent to stand at 884.80 points. Bank stocks expanded at the end of the trading session, supporting … [Read more...] about Fed’s signal of no rate hike boosts shares

Bangkok (NNT/VNA) - The Stock Exchange of Thailand (SET) expects continued volatility in capital markets due to the trade dispute between the United States and China, but foreign investor confidence in Thailand remains strong due to the country’s robust economic foundations and profit growth among listed companies. SET President Dr. Pakorn Peetathawatchai revealed that last year, the SET index shrank 10.8 percent from the year before, due to global disruptions from the ongoing trade tension between the United States and China. However, he added that Thailand’s economic foundations remain strong and continued to post higher growth last year, with several publicly listed companies reporting higher profits. This year, the SET President expects further volatility from fluctuating oil prices and the uncertainty surrounding trade policy between China and the US. However, the domestic outlook is more positive, with listed companies expected to post continuous growth.  … [Read more...] about Foreign investors continue to show interest in Thailand

Minister-Counselor Yin Haihong speaks at the 69th anniversary of China’s National Day in Hanoi in 2018 (Source: quandoinhandan.com.vn) Hanoi (VNA) – The relations between China and Vietnam as well as between the two Parties of the two countries are growing well, said Minister-Counselor Yin Haihong at the Chinese Embassy in Hanoi at a press conference on December 12. In reply to questions on the relations between the two countries, Yin said leaders of both countries paid attention to directing bilateral cooperation and held strategic discussions on important issues in bilateral ties as well as in the world situation. She expressed the hope that the trend of cooperation will continue to be maintained. The diplomat also informed that economic and trade ties between Vietnam and China are expanding, with Vietnam now one of the top 10 trade partners of China, while China has been a leading trade partner of Vietnam for many years. She noted that the two countries have set … [Read more...] about China, Vietnam ties grow well: Chinese Embassy in Hanoi