Bank capital rules help lift shares
Stock indices returned to positive territory on Serpt.9, following a
message from the State Bank of Vietnam that it would revise strict
new rules on the capital adequacy ratio of commercial banks.
Stock indices returned to positive territory on Serpt.9, following a
message from the State Bank of Vietnam that it would revise strict
new rules on the capital adequacy ratio of commercial banks.
The State Bank announced on Sept 8 that it would revise regulations in the controversial Circular No 13 on commercial bank equity and capital adequacy ratios, in compliance with a Government instruction issued late last month to review the circular.
The VN-Index responded with a gain on the fallowing day of 1.14 percent, closing the session at 463.68 points.
Trading on the HCM City Stock Exchange remained modest, with a volume of 47.7 million shares, down 12.8 percent from the previous session.
The value of trades reached just 1.2 trillion VND (61.5 million USD).
Vietnam Ocean Shipping Co (VOS), which listed 140 million shares on the HCM City market on Sept 8, was the most-active share, with 2.8 million sold.
Among 184 gainers on the southern market, a number of penny stocks rose to their ceiling prices, including Binh Thanh Import-Export and Trade (GIL), HCM City Metal Corp (HMC) and Nari Hamico Mineral Corp (KSS).
Meanwhile, banking shares underperformed despite the supporting news from the State Bank. Sacombank (STB) and Eximbank (EIB) each rose by about 1.5 percent, while VietinBank (CTG) closed up by 0.5 percent. Vietcombank (VCB) continued to decline, meanwhile, dropping by 0.26 percent.
On the Hanoi Stock Exchange, the HNX-Index rebounded by a more notable 2.75 percent to a close of 136.24 points, on a total volume of 47 million shares.
The value of trades reached 1.2 trillion VND (61.5 million USD), with PetroVietnam Construction (PVX) leading the session with a volume of 5.3 million shares.
Foreign investors were net buyers on both bourses during the day, picking up a total 1.55 million shares worth 64.2 billion VND (3.3 million USD)./.
The State Bank announced on Sept 8 that it would revise regulations in the controversial Circular No 13 on commercial bank equity and capital adequacy ratios, in compliance with a Government instruction issued late last month to review the circular.
The VN-Index responded with a gain on the fallowing day of 1.14 percent, closing the session at 463.68 points.
Trading on the HCM City Stock Exchange remained modest, with a volume of 47.7 million shares, down 12.8 percent from the previous session.
The value of trades reached just 1.2 trillion VND (61.5 million USD).
Vietnam Ocean Shipping Co (VOS), which listed 140 million shares on the HCM City market on Sept 8, was the most-active share, with 2.8 million sold.
Among 184 gainers on the southern market, a number of penny stocks rose to their ceiling prices, including Binh Thanh Import-Export and Trade (GIL), HCM City Metal Corp (HMC) and Nari Hamico Mineral Corp (KSS).
Meanwhile, banking shares underperformed despite the supporting news from the State Bank. Sacombank (STB) and Eximbank (EIB) each rose by about 1.5 percent, while VietinBank (CTG) closed up by 0.5 percent. Vietcombank (VCB) continued to decline, meanwhile, dropping by 0.26 percent.
On the Hanoi Stock Exchange, the HNX-Index rebounded by a more notable 2.75 percent to a close of 136.24 points, on a total volume of 47 million shares.
The value of trades reached 1.2 trillion VND (61.5 million USD), with PetroVietnam Construction (PVX) leading the session with a volume of 5.3 million shares.
Foreign investors were net buyers on both bourses during the day, picking up a total 1.55 million shares worth 64.2 billion VND (3.3 million USD)./.
You should also see
Cam Lam - Vinh Hao Expressway to help drive south-central region's economy
The 78.5km Cam Lam - Vinh Hao Expressway, one of the three sub-projects of the North - South Expressway project’s eastern wing, officially opened to traffic on April 26.
See more
Business
Investor confidence gains traction on improved business climate
Better investment climate, with simplified administrative producers and special incentives, has helped improve investor confidence, thus catalysing investments from a wider pook of both domestic and international investors for socio-economic development.
Business
Vietnam’s rice exports may exceed 2024 target
With positive results recorded so far, Vietnam can exceed its target of 7.6 million tonnes in rice export volume set for 2024, Nguyen Ngoc Nam, Chairman of the Vietnam Food Association, said at a conference in the Mekong Delta city of Can Tho on April 26.
Business
Ample room for Quang Ninh to attract FDI
The northeastern province of Quang Ninh has ample room to attract foreign direct investment (FDI) and realise the goal of attracting 3 billion USD in FDI this year and 10 billion USD in the 2020-2025 period.
Business
Long An, Dong Nai introduce strengths in RoK
The southern province of Long An and Dong Nai introduced their investment climate as well as socio-economic development orientations at an investment promotion conference held in the Republic of Korea (RoK) on April 26.
Business
Vietnam makes initial efforts to approach creative industries: CIEM
Vietnam has made initial efforts to approach creative industries and services, particularly a policy framework related to creative economy development, according to a new report released by the Central Institute for Economic Management (CIEM).
