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Shares of 261 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange shot up 1.15 percent, or 5.13 points, to finish at 450.96 points. Trading volume slumped by half over the previous day as around 33.2 million shares changed hands at VND839.8 billion.
Shares bounce back on sluggish trading
On the HCM City Stock Exchange, the VN-Index climbed 1.15 per cent to close at 450.96. The bourses volume decreased by 34 per cent, while more than 33.2 million shares worth VND839.9 billion (US$43.1 million) traded hands. Advancers outnumbered decliners by 131-72.
VN Index plunges to lowest level since last year
In the continuous matching order phase, the market firstly showed reluctance then kept declining when massive shares were offloaded at flooring prices. After the second phase, the VN Index sharply fell by 12.52 points or 2.88 percent to 421.9 points.
PVNC to raise to 600b dong chartered capital in Q4
The firm is carrying out completing making its listing dossier to develop the plan in next quarter. PVNC is going to issue 32 million shares to existing shareholders at facing price at 1:3.2 ratio and 17.5 million ones priced 12,000 dong for potential shareholders.
VNDirect to mobilise 500b dong via bond issuance
In details, VND is going to issue convertible bonds priced one million dong each to mobilise 500 billion dong within two year-term. The firm will use 300 billion dong for stock trading and 200 billion for committed issuance enhancement.
Mineral and building material firm posts 7.8b dong of net profit in H1
Lam Dong Mineral and Building Material JSC (LBM) said its consolidated net profit reached 7.86 billion ($413,684) including 7.2 billion dong profit of its mother firm in the first half of this year.
Decree hopes to protect holders of convertible bonds
A new Government decree requires the sellers of convertible bonds to clarify all risks for potential buyers, as well as propose a risk-provision plan to protect the interests of existing bond holders whenever additional shares or bonds are issued.
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Vietnam Bond Market Association ,
Vietnam Bond Market
Bottom-catching buys lift indices
Increased buy orders on the HCM City Stock Exchange in the latter half of yesterdays session helped the VN-Index regain the 450-point level, to end the week at 452.73, an increase of 0.93 per cent over Thursdays close.
State construction giant to make IPO
The State-owned Viet Nam Industrial Construction Corporation will offer 8.8 million shares in an initial public offering, following Government approval issued on Thursday. The offered shares will represent 16.01 per cent of the corporations charter capital.
Analyst at FPT Securities Co., said that while the market has been spurred by the increase in two meetings late last week that profits were on a technical correction after several meetings due to the decline, and that there is no basis for a strong upward trend expected this week.
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Vietnam Stock Exchange ,
HNX Index
Vietnam profit growth nearly 70 percents
The earning per share (EPS) of the market is estimated to rise 58.4% this year, higher than 53% in 2007 and -39.8% in 2008. The P/E ratio will stand at
An upmarket office tower to take shape in Hanoi
The Housing and Urban Developmennt Corporation (HUD) on March 21 began construction of a high-class Office Block (HUD Tower) in Thanh Xuan district, Hanoi with a total investment capital of
Gold association wants import restrictions lifted
The Vietnam Gold Business Association will request the government to remove restrictions on gold imports so that they are determined by local supply and demand, an official said. Gold should
Vietnam to Receive More Overseas Remittance This Year
Local financial experts and bankers shared a common consensus that Vietnam will receive a higher level of overseas remittance this year than the last year. Financial experts and bankers all
Optimism and caution at Vietnam investment summit
The Vietnamese Investment Summit 2010, which ended on Wednesday in Ho Chi Minh City, focused on the countrys economic strengths-providing potential investors and business people with a forum for discussion,
Manpower export: long-term vision a need
ASEAN economies are resuming very strongly, especially in Thailand, Singapore and Malaysia. This is very impressive because six months ago, nobody had that hope. Now it is important to maintain
Low-cost apartments selling slowly
Most of real estate developers now have shifted to developing low-cost apartment projects, because they believe that low-cost apartments will sell better than high-end apartments. Analysts also said that the
Opens the way for the growth of drug production in Vietnam
Domestic and foreign investors for the production of drugs call opens the way for the growth of drug production in Vietnam. The Ministry of Health (MoH) is calling for domestic