The pre-tax profit of the PetroVietnam Transportation Corporation (PVTrans) hit 540 billion VND in the first nine months of this year, 42 percent higher than the same period last year and meeting the target set for this year.
Three big companies of the Vietnam National Oil and Gas Group (PetroVietnam) will make their initial public offerings (IPOs) in the next three months, under equitisation plans approved by Deputy Prime Minister Vuong Dinh Hue late last week.
Insurance shares continued driving the national market up, helping
the VN Index approach the benchmark of 630 points on July 10. However,
the index lost its growth during the last minutes as blue chips could
not maintain their strong increases.
Cash inflows focused on mid-cap and penny stocks on August 20 afternoon,
helping lift the VN-Index by 0.34 percent to close at 606.70 points by
the end of the session.
Both national benchmark indices rebounded on July 14 from last week's
accumulative drops thank to selling pressure that eased and gained from
large-cap stocks.
The market rallied on April 25 with the benchmark indices on a stable
upward trend, but trading remained sluggish as a five-day-long public
holiday is approaching.
Stocks continued to advance on both stock exchanges on March 21 as
traders offloaded shares to sell for profit at the closing session of
the HCM City Stock Exchange.
Shares strongly rebounded on both the national stock exchanges following
the March 17 announcement by the central bank that it has cut key
interest rates.
The market saw a slight recovery later on March 4 as losses of benchmark
indices narrowed, in comparison with the previous day, as selling
pressures eased.
Shares edged up on both the national stock exchanges on February 26,
after dropping in the morning trading session, as the high capital flows
supported the benchmark indices, especially banking stocks.
The VN-Index on the Ho Chi Minh City Exchange shrank slightly on
December 4, after successfully entering the resistance band of 510-513
points on December 3.
The recovery of blue chips on June 5 afternoon helped sustain shares
on both exchanges, despite fluctuations in the morning as investors
showed caution following forecasts of corrections.