Trading values surge nationwide

Shares rallied as trading values hit new levels on December 12, after strong selling pressure at most large-caps sent the local market back to the negative territory during the previous session.
Shares rallied as trading values hit new levels on December 12, afterstrong selling pressure at most large-caps sent the local market back tothe negative territory during the previous session.

Trading value on the Ho Chi Minh City Stock Exchange jumped 71.4percent compared to the December 11 session, reaching 2.44 trillion VND(115 million USD), although the volume of trades reached only 80.16million shares, no higher than previous sessions.

The dramatic increase in trading was mainly caused by transactions onVinamilk (VNM) shares, which saw more than 10 million units exchangedthrough the negotiation method at its ceiling price, totalling 1.5trillion VND (70.7 million USD).

However, VNM ended the session 0.7 percent lower to 140,000 VND (6.6 USD) per share.

Also, the VN-Index gained 0.3 percent to 506.92 points, with advancers outnumbering decliners by 129-71.

Meanwhile, blue chips tracked by the VN30 performed well, lifting theindex 0.3 percent to 567.40 points. Also, only five of the 30 stocksretreated, while private equity group Masan (MSN) was still the backbonefor the market, adding 1.8 percent.

On the HanoiStock Exchange, the HNX-Index enjoyed a 0.6 percent rally to 65.97points. The HNXFF-Index also rose 0.7 percent to 66.12 points.

Market value and volume reached 293 billion VND (13.8 million USD) and over 37.8 million shares.

Large-cap stocks in Hanoi helped the HNX30 gain 1 percent to finish at124.76 points, and foreign investors bought a net of 52.5 billion VND(2.5 million USD) yesterday.

Trading faced hardtimes during most of yesterday's session, but a low price range formedon Wednesday, stimulating investor appetites.

However, BIDV Securities Co analyst Tran Thang Long remained cautious."Although indexes rebounded, the higher trading value was only due toactivities placed on a single stock, while trading volume actuallydeclined," he said.

"Investors should then offload some shares to cash in," he added.-VNA

See more

At the ceremony (Photo: nhandan.vn)

Ha Nam grants investment certificates for two key projects

Ha Nam province on February 13 licenced the high-precision circuit board manufacturing plant of Red Board Technology (Vietnam) Co., Ltd., and the kitchenware and related metal products manufacturing plant of Casla Kitchenware JSC.

A total of 18,893 cars were sold in Vietnam in January, a drop of 40% compared to the previous month (Photo: VietnamPlus)

Car sales in Vietnam down 40% in January

Experts attributed a sharp decline in car sales to the Lunar New Year (Tet) holidays, impacting consumers' purchasing power. Consumers tend to wait for new models and releases at this time of year, contributing to lower sales during this period.

Illustrative image (Photo: VNA)

Retail fuel prices in latest adjustment

According to the new pricing, E5 RON92 bio-fuel is now priced at 20,598 VND per litre, up 156 VND, while RON95-III costs 21,074 VND per litre, an increase of 146 VND.

NA Chairman Tran Thanh Man speaks at the session on February 13. (Photo: VNA)

NA weighs new policies to boost science, technology, innovation

The resolution, presented at the February 13 session of the NA Standing Committee, seeks to establish a legal framework that would effectively boost national scientific-technological advancement and digital transformation, making them driving forces for socio-economic development to deliver on the dual targets by 2030 and 2045 as outlined at the 13th National Party Congress.

CPI in January 2025 rose by 0.98% compared to December 2024 (Photo: thoibaotaichinhvietnam.com)

Fiscal, monetary policies support demand stimulation, price stabilisation

These efforts, in conjunction with the implementation of monetary policies and other macroeconomic policies, aim to solve difficulties for businesses and the public, stabilise the macroeconomy, control inflation, ensure the balance of the economy, promote economic growth, and secure social welfare and people's livelihoods.

People line up to register for land auctions in Hoai Duc district, Hanoi. (Photo: VNA)

Affordable housing for young buyers a win-win: HoREA

Most young people are ambitious and have a long career path ahead of them to generate income and repay loans. Typically, within 10-15 years, their earnings will double or triple, making such loans low-risk for banks, said HoREA

An apartment and villa complex in Ha Dong district, Hanoi. (Photo: VNA)

Taxes on real estate based on time property is held not feasible: Justice Ministry

In their latest draft of a proposal to establish a new Law on Personal Income, to replace the current one, the MoF has proposed the Government impose taxes on income from real estate transactions based on the period of ownership – or holding period – which is the time between when an investor buys and sells a land or property.