Vietnamplus

Share increased strongly on the HCM Stock Exchange on October 17 as investor confidence rose for companies that were expected to release good quarterly earnings reports.

Shares declined on the HCM Stock Exchange on October 16 after rallying for six consecutive sessions as large-cap stocks lost steam on late profit-taking.

Shares extended gains on the HCM Stock Exchange on October 13, concluding the week with positive results for all five sessions.

Shares extended gains on October 11 on the HCM Stock Exchange with the benchmark VN-Index rising 0.41 percent to close at 813.95 points, expanding its three-day rally to 0.76 percent.

The Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) on October 10 announced it is considering delisting from the HCM Stock Exchange (HOSE) and changing its trading code.

In the last three years, ride-hailing applications Uber and Grab have decimated the business of local taxi firms. Now, taxi companies’ foreign shareholders are feeling the pain.

Shares rose slightly for a second day on the HCM Stock Exchange this week but the rally was recorded in the last trading minutes thanks to recovery of some large-cap stocks.

Shares sank again on the HCM Stock Exchange on October 3 as large-cap stocks were hit by low investor optimism.

Shares on October 2 fell further on the HCM Stock Exchange as large-cap stocks continued performing negatively on poor market sentiment.

The new investment tool, covered warrant, will start listing and trading on the HCM Stock Exchange (HOSE) in November, according to the State Securities Commission (SSC).

Vietnamese shares were sluggish in the past week with the benchmark VN-Index suffering the first loss after four gaining weeks.

Vietnam’s benchmark VN-Index on the HCM Stock Exchange recovered on September 28, but slowed at the end of the session as investors increased selling to make profits.

Vietnamese shares fell on both local exchanges on September 27 as energy, brokerage and bank industries dropped on profit-taking.

Vietnam’s benchmark VN-Index fell slightly on September 26, covering part of losses made in intraday trading as investors hunted for low-priced stocks.

Vietnamese shares were mixed on September 25 with low trading liquidity as investors remained unsure of the stock market’s prospects.

Investors are shifting off blue chips and flirting with speculative stocks, making it more difficult to predict market trends.

Bank stocks grew on September 21 but failed to lift the VN-Index, which declined for a third day under high selling pressure.

Shares moved in opposite directions on the two stock exchanges on September 20. Investors’ sentiment was fragile as worry swirled about the possibility of a deeper correction.

The Ho Chi Minh Stock Exchange has warned that shares of Truong Thanh Furniture Corporation (HOSE: TTF) could be delisted as its accumulated losses might have exceeded the company’s charter capital.

Shares on the two stock exchanges opened this week’s trading with gains as investors demonstrated their rising confidence in the market outlook.