Vietnam Stock Market News

Advertisements

Random Post

• Capital needed to turn the market rosy
• Vietnam Jan-May Exports To U.S. Down 6.2 per cent at US$4.12B
• Sugar prices seen stable till end-September
• Vietnam industrial sector recovers
• Finance Minister: Vietnam Govt Should Re-consider Yields for g-Bond Issues
• Vietnam, Japan to Sign JPY28.39B ODA Deal This Week

Vietnam Stock Market News

Vietnam Business » Vietnam Stock Market News » VN Index plunges to lowest level since last year

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.

The Vietnamese stock exchanges continued witnessing the downtrend when the VN Index dropped to the lowest level over the past one year. The only positive signal was the increasing market liquidity.

In the first trading session, the VN Index slumped by 7.41 points or 1.71 percent to 427.01 points with total trading volume of over 2.6 million shares changing hands worth 63 billion dong.

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.

Noticeably, the transactions increased when the price of many share codes reduced to the attractive level, showing that considerable number of investors still accepted the risks during declining sessions with the hope that the market would bounce again.

By the end of today session, the VN Index decreased significantly by 10.53 points or 2.42 percent to close at 423.89 points, marking the lowest level since July 20, 2009. However, the market liquidity increased with total matching order trade of over 48.6 million shares for over 1.129 trillion dong, an increase of 15 percent in volume and 13 percent in value in comparison with the previous session.

Among 258 listed share codes and fund certificate, there were 222 losers, of which 152 codes saw the flooring drop; 21 codes gaining points and 13 codes standing still while the two codes of FPC and IFS had no transactions.

Regarding trading volume, STB led the market with 2.68 million shares being transferred, while REE was ranked the second place with 1.97 million shares, followed by VSH with 1.89 million, SSI with 1.85 million shares. The other codes of OGC, ITA, PVT, TCM and DPM reported having over 1 million shares being traded.

Sharing the same scenario, the HNX Index on the northern floor dropped 5.59 points or 4.49 percent to 118.81 points with total market trade of over 36 million shares worth 753 billion dong, up 3.52 percent in volume but down slightly in value because most of the shares were traded at flooring prices.

Vietnam Business And Financial News Network. Source [intellasia.net]

More Vietnam Stock Market News:

• PVNC to raise to 600b dong chartered capital in Q4
• VNDirect to mobilise 500b dong via bond issuance
• Mineral and building material firm posts 7.8b dong of net profit in H1
• Decree hopes to protect holders of convertible bonds
• Bottom-catching buys lift indices
• State construction giant to make IPO
• Vietnam Stock put on hold
• Dreary trade on UPCoM, OTC markets
• Foreign investors now $8 billion worth of Vietnams securities
• Vietnam stock market expected to surge in Q3

Popular Vietnam Business News

Deposit Interest Rate Rises to 10.2 Per Cent

Although the prime rate set by the State Bank of Vietnam (SBV) was kept unchanged at 7 per cent per annum in July, many banks still revised the borrowing rate.

Prospect for higher FDI

. After a standstill period due to bad impacts of the global economic slow down, more and more foreign companies have come to Vietnam to seek investment and business opportunities.

Leading B2B websites in Vietnam

. More than 100,000 Vietnamese firms have to date joined www.alibaba.com, one of the global leaders in business-to-business (B2B) e-commerce Websites, said China’s Alibaba Group. .About 4,000 Vietnamese small- and medium-sized

Vietnam airline market takes off

Economic recovery is set to spark demand, competition and reasonable fares on Vietnam�s air travel market, industry insiders say. Vo Huy Cuong, head of the Civil Aviation Administration of Vietnam�s

Workers quit factories for more cushy jobs, labor shortage ensues

After the Tet holidays, Tran Thi Phuong from northern Nam Dinh Province did not return to the Hanoi-based garment firm where she had worked for several years. The 28-year-old woman

Vietnam warned of inflation and trade deficit

The trade deficit is likely to prompt a further fall of the Vietnamese dong this year while food, housing and transport costs are leading inflation higher, according to a Standard

Uy Nam Construction Investment Joint Stock Co (Unicons) EPS at 16,644 dong/share in 2009

Uy Nam Construction Investment Joint Stock Co (Unicons) has recently reported audited fiscal report in 2009 with 663.01 billion dong in revenue from sales and service provision, up 24.16 percent

Vietnams export levels bear little impact from European debt crisis

According to trade experts under the Ministry of Industry and Trade, the impact of the debts crisis in Europe is not all that significant because the Vietnamese dong is still

Advertisement