Ha noi stock exchange

The Ha Noi Municipal People’s Committee will put up 6.7 million shares of Thong Nhat Electromechanical Joint Stock Company (Vinawind) for public auction on Ha Noi Stock Exchange on March 30. The move is part of its divestment plan for the 2016-20 period. The share offer accounts for 46.9 per cent of the company’s charter capital. Foreign investors are allowed to buy the entire share amount. At a starting price of VND42,400 (US$1.86) per share, the State is expected to collect more than VND284 billion from the auction. This is almost equal to its IPO (initial public offering) price of VND42,383 on March 17, 2015. Founded in 1965, Thong Nhat is a popular and long-standing brand name among the citizens of Ha Noi, along with Thuy Ta ice cream, Thuong Dinh shoes and Sao Vang (Golden Star) balm. Thong Nhat produces fans and household electrical equipment. Unlike many traditional businesses struggling in the face of stiff market competition, Vinawind has had stable business in the … [Read more...] about Ha Noi People’s Committee to offload entire stake in Vinawind

Minh Phu Seafood JSC is seeking shareholders’ approval for a listing shuffle from the Unlisted Public Company Market (UPCoM) on Ha Noi Stock Exchange to HCM Stock Exchange this year following a good show of business in 2017. The decision for approval will be made at its 2018 shareholders’ meeting scheduled for March 9. Minh Phu Seafood JSC is known as Viet Nam’s king in shrimp production. It had voluntarily cancelled the listing on HCM Stock Exchange on March 31, 2015, for restructuring and to seek more capital from foreign partners. But the delisting did not help in raising more capital and the firm’s business went down. It incurred a loss of VND7 billion in 2015. However, it rebounded with a profit of VND82 billion in 2016 on a revenue of nearly VND12.1 trillion. The company planned its official return to the stock market with its listing on UPCoM last October. The stock with the sticker MPC has been consistently rising from VND79,000 (US$3.47) per share on … [Read more...] about Shrimp exporter plans return to HCM Stock Exchange

Shares rebounded on Wednesday after a brief fall on Tuesday, boosted by energy and bank stocks on investors’ expectation of positive Q4 earnings from these companies.The VN-Index on the HCM Stock Exchange edged up 0.22 per cent to close the session at 953.51 points. The southern market index decreased 0.7 per cent on Tuesday.On the Ha Noi Stock Exchange, the HNX-Index rallied 0.52 per cent to end at 113.95 points after a 0.3-per-cent drop on Tuesday.Overall market condition was neutral with 231 stocks declining, 238 rising and 255 closing flat on the two exchanges.Energy and bank stocks were the major supporter of the market’s rally on Wednesday.The three biggest listed energy companies – PV Gas (GAS), Petrolimex (PLX) PetroVietnam Drilling and Well Serivces (PVD) – climbed 1.9 per cent; 4.5 per cent and 2.6 per cent, respectively. Other smaller companies such as PetroVietnam Technical Services (PVS), PetroVietnam Drilling Mud (PVC) and PetroVietnam Coating … [Read more...] about Energy and bank stocks lift the market

Shares opened higher on the two stock exchanges and maintained the upward trend towards the end of Monday’s morning trade. The VN-Index on the HCM Stock Exchange increased 1.7 per cent to 951.12 points, while on the Ha Noi Stock Exchange, the HNX-Index edged up 1.3 per cent to 113.05 points. Large caps improved and lifted the two markets. Twenty four of the top 30 largest shares by market value and liquidity on HCM City’s bourse gained value and only four declined. Energy stocks led the market gain with most large oil and gas shares growing substantially, including PV Gas (GAS), up 6.7 per cent; PetroVietnam Technical Services (PVS), up 5.7 per cent; PetroVietnam Southern Gas (PGS), up 5.3 per cent; and PetroVietnam Drilling and Well Services (PVD), up 2.3 per cent. Banks were mixed. The two largest lenders, Vietcombank (VCB) and Vietinbank (CTG), increased 3.7 per cent and 2.3 per cent, respectively, however BIDV (BID) remained unchanged and Vietnam International Bank … [Read more...] about Shares open higher on both exchanges

Vietnamese shares ended on Friday on different notes, with investors’ confidence mixed on the last day in which exchange-traded funds (ETFs) completed their portfolio reviews.The benchmark VN Index on the HCM Stock Exchange inched down 0.07 per cent to close at 935.16 points. It had gained 1.24 per cent on Thursday.The HNX Index on the Ha Noi Stock Exchange gained 0.13 per cent to end at 111.61 points, for a two-day increase of 1 per cent.The VN Index and the HNX Index have respectively lost 0.5 per cent and 1.9 per cent this week. They have declined by a total of 3.6 per cent and 4.4 per cent so far in December.More than 293.5 million shares were traded on the two local exchanges, worth VND6.9 trillion (US$306.7 million).The trading figures represented an increase of 35 per cent in volume and nearly 48 per cent in value compared to Thursday.Friday was the last day in which ETFs finalised the restructuring of their investment portfolios for next year. That activity was widely … [Read more...] about Stocks mixed as liquidity rises

Shares declined on Wednesday morning as investors remained cautious of the current market volatility, thus increasing the selling pressure.The benchmark VN Index on the HCM Stock Exchange fell 0.40 per cent to close at 923.58 points. It gained 1.07 per cent on Tuesday.The HNX Index on the Ha Noi Stock Exchange lost nearly 1 per cent to end at 109.81 points, extending its loss further from a three-day decline of 3.1 per cent.Nearly 121.5 million shares were traded on the two local exchanges, worth VND2.44 trillion (US$108.5 million).Selling pressure remained strong across the two local exchanges, as investors were cautious with the current market volatility, proven by the previous two sessions that had strongly fluctuated.Financial stocks with banks, insurance companies and brokerages continued to weigh down the market. The three sector indices lost between 0.5 per cent and 1.4 per cent, data on the news site vietstock.vn showed.The worst decliners among those financial stocks included … [Read more...] about VN stocks trade negatively amid investor caution

Shares failed to recover from Monday’s plummet, despite efforts made by beverage firms in which the State holds a majority stake.The benchmark VN Index on the HCM Stock Exchange fell 0.38 per cent to end Tuesday morning at 914.00 points.Viet Nam’s benchmark index plunged 2.42 per cent on Monday.The HNX Index on the Ha Noi Stock Exchange sank 1.91 per cent to close at 109.65 points, extending its downward trend for a third consecutive day.More than 167.6 million shares were traded on both local bourses, worth VND3.58 trillion (US$159 million).The two local exchanges were still dominated by declining stocks, which outnumbered gaining shares by 318 to 64, while 92 others stayed unchanged.In spite of efforts from dairy producer Vinamilk (VNM) and brewer Sabeco (SAB), in which the government holds a controlling stake, the stock market continued to move lower and signalled a further decline.VNM and SAB gained 1.1 per cent and 6.8 per cent, respectively, following the news that … [Read more...] about VN stocks extend losses, Sabeco advances

Vietnamese shares plunged on December 11 as investors turned cautious before exchange-traded funds (ETFs) started restructuring their portfolios. A lack of information during the year-end period also had an impact on confidence.The benchmark VN Index on the HCM Stock Exchange plummeted 2.42 per cent to close at 917.45 points.Viet Nam’s benchmark index put an end to its nine-week rally last week by losing total 2.1 per cent.The HNX Index on the Ha Noi Stock Exchange lost 1.78 per cent to end at 111.78 points. It declined by 0.63 per cent on Friday and edged down 1.4 per cent in total last week.The stock market was dominated by declining stocks, which outnumbered gaining shares by 334 to 136 while 98 others ended flat.More than 274.4 million shares were traded on both local exchanges, worth VND5.66 trillion (US$251.5 million).The trading figures were down about 1.1 per cent in both trading value and volume compared to last week’s daily average numbers.Foreign investors closed … [Read more...] about Stocks plummet on investor caution