Vietnamplus

Although the VN-Index didn’t hit the short-term target of 1,130 points last week as expected, it has nevertheless maintained its upward trend and is forecast to open next week’s session with positive status.

Shares recovered solidly after falling sharply in the morning session on March 2 as cash poured into the real estate sector.

Vietnamese shares declined on March 1 after rising for four consecutive sessions, due to large-cap stocks underperforming as investors sold in pursuit of short-term profits.

Shares rose for the fourth consecutive day on February 28 on the HCM City Stock Exchange, largely on the strength of a handful of banking and energy blue-chips.

A huge purchase of banking shares in the final minutes of the February 27 session on the local stock exchanges drove shares up, after a brief fall at the beginning of the session.

Vietnamese shares rallied on February 26 but the uptrend weakened towards the closing minutes due to selling pressure in a number of blue-chips, especially during the ATC session.

Gemadept Corporation – a logistics firm - plans to make an 80 percent dividend payout rate, equal to 8,000 VND (35 US cents) per share, if its plan gets approved by the HCM Stock Exchange on February 26.

The State Capital Investment Corporation (SCIC) plans to sell nearly 30 percent of its stake in Binh Minh Plastic JSC or 24.1 million shares on March 9 on the HCM Stock Exchange.

The Government and the State Securities Commission plan to carry out key measures to develop the stock market in a rapid and effective but safe manner, Minister of Finance Dinh Tien Dung has said.

Vietnamese shares fell on February 22 as increased selling pressure during the ATC session dragged oil-gas and bank stocks down.

Vietnamese shares soared on February 21, the first trading day of the lunar year, thanks to positive sentiment among investors.

Vietnam’s stock market is expected to rise further after the Tet (Lunar New Year) holiday and even throughout 2018, boosted by positive macro economic development as well as support of foreign traders

Vietnamese shares posted a strong comeback on February 12 after a two-day collapse, due to strong investor interest in large-cap stocks that led the market upturn on expectations of good earnings reports.

Shares are expected to move modestly in the coming two trading sessions as investors settle trading before the Tet (Lunar New Year) holiday, while concerns remain following recent turbulence in global markets.

Vietnamese shares recouped part of the week’s losses on February 9 as the current massive sell-off across the stock market triggered investors to scoop up stocks at bargain prices.

Only 3 percent of a total of 267 million shares offered in the initial public offering (IPO) of Power Generation Corporation 3 (Genco 3) on February 9 were sold successfully, a poor result given the high market expectations before the sale.

The Vietnam Securities Depository (VSD) granted some 659 trading codes to foreign investors, including 58 institutions and 601 individuals, in January.

Vietnamese shares declined on February 8 as investors showed little confidence amid the current volatility of the global markets and the sharp fall in crude prices.

Vietnamese shares posted a strong comeback on February 7 as investors were calmed by market regulators and bottom-fishing was triggered for worst-hit companies during the previous two-day collapse. ​

Vietnamese shares plummeted as investor confidence was dampened by worries over the increasing pace of the US central bank’s interest rate hike this year.