stock market

The Stock Market category covers market trends, stock indices, corporate earnings, and investor sentiment. It explores regulatory changes, foreign investment, macroeconomic influences, and capital market developments, providing insights into equities, bonds, and overall financial market performance.

 

Stock market: VNIndex edges up 0.15 percent amid mixed sector performance

The VNIndex closed at 1,241.95 today, gaining 1.90 points or 0.15 percent with a total trading value of VND 17.85 trillion, or US$686.54 million, according to a release from the Ho Chi Minh City Stock Exchange. The VN30 index conversely dipped slightly by 0.06 percent, while VNSmallCap gained 0.07 percent and VNMidCap fell 0.19 percent.

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Aviation: VietJet Vietnam stock market disclosure skims over latest court ruling, puts focus on appeal

In a release to the Ho Chi Minh City Stock Exchange, Vietnamese budget airline, VietJet, has acknowledged a ruling last week in the UK courts. It has not, however, detailed what happened or how it might respond but rather has suggested an appeal in the originating case will be won, negating last week’s ruling. That ruling was that the airline is liable for just over US$180 million in missed lease payments.

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Vietnam stock market jumps as foreign investors net-sell US$185 million

Vietnam’s benchmark indices saw modest gains on April 16, supported by strong liquidity across the board. Foreign investors, however, were heavy net sellers, offloading over VND 4.6 trillion (US$185 million) in shares. The bulk of the sell-off by foreign investors was in Vingroup (VIC), it’s not immediately clear why.

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Vietnam stock market capitalisation in 2024 up 21.2 percent over 2023

The market capitalisation of Vietnam’s stock market reached nearly VND 7.2 trillion  or about US$288 billion in 2024, a 21.2 percent rise compared to a year earlier. This increase brings market capitalisation to approximately 70.4 percent of Vietnam’s estimated GDP for 2023, according to a press release from the Ministry of Finance (MoF).

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Vietnam revised securities regulations hit first hiccup

Vietnamese securities firm, Vietcap Securities, has notified the Securities Commission that the Netherlands’ Aegon Custody BV has failed to make payment on a trade completed on its behalf by Vietcap on December 17. Vietcap is currently footing the VND 4 billion bill.

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October outcomes mixed for Vietnam’s stock exchanges

As of late October, 725 stocks and fund certificates were listed on Vietnam’s main exchanges, the Ho Chi Minh Stock Exchange (HoSE) and Hanoi Stock Exchange (HNX), while 885 stocks were registered on the Unlisted Public Companies (UPCoM) platform…

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Pre-funding gone for some foreign stock traders in Vietnam, as new circular kicks-in

Tuoi Tre is covering the expectations of market watchers that this will give the market a welcome boost, Dau Tu Online on the other hand is suggesting that local securities firms with large cash buffers stand to benefit most, and VN Economy, conversely, has pointed out that after coming into effect there have still been large net cash outflows from the market from foreign investors.

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South Korea’s SK Group no longer major stakeholder in Vietnam’s Masan

Of note, in 2018, SK group bought 109.9 million shares in Masan Group for VND 100,000 or US$4.29 per share for a total of just over US$470 million. When it announced that it would be divesting, shares in Masan, which trades under the ticker MSN, were trading at about VND 76,200 or US$2.99 valuing the company’s holding at about US$328.6 million… 

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PetroVietnam Power Corporation: Vietnam Stock Overview

POW is currently constructing two LNG power plants with a combined capacity of 1,500 megawatts. These are the first LNG power plants in Vietnam. This is in line with the country’s shift from coal to gas power, however, declining domestic natural gas production means that much of Vietnam’s LNG will need to be imported….

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Vingroup: Vietnam Stock Overview

Notably, in the first half of 2024, Vingroup sold the majority of its equity capital of Vincom Retail, which owns and leases a range of commercial spaces around Vietnam. This led to leasing revenue declining by 46 percent…

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SeABank: Vietnam Stock Overview

In contrast to these positive business results, SSB’s stock has fallen by around 20 percent since the start of the year. It’s not clear why this might be but pundits have noted that 42 million shares issued to staff on an employee share program in 2023 have now vested and it could be that these are being sold off…

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