How to buy and sell shares in stock market

174 stocks lost and 146 gained on the Ho Chi Minh Stock Exchange, Vietnam’s main bourse on which the VN-Index is based. The HoSE accounts for nearly 90 percent of market capitalization of all Vietnam’s listed companies. The VN30 for Vietnam’s 30 biggest market cap stock also shed 0.48 percent, with 16 losing and 8 gaining. VRE of retail corporation Vincom Retail and VHM of real estate developer Vinhomes, both subsidiaries of Vietnam’s biggest private conglomerate Vingroup, led losses with 3.5 percent and 2.3 percent respectively, while VIC shares of parent company Vingroup remained at the opening price. They were followed by NVL of real estate developer Novaland, down 1.8 percent, HPG of steelmaker Hoa Phat group, down 1.7 percent, and CTD of construction giant Coteccons, down 1.6 percent. Most private banking stocks on the VN30 either fell or remained at their opening price this session, but stocks of Vietnam’s three biggest state-owned lenders by assets, … [Read more...] about VN-Index slips 2 points as Asia stocks surge

After BSR's recent record-breaking IPO, the market expects big competition for the shares The first transaction day will be on March 1, with the reference price of VND22,400 ($0.98), according to information published by the Hanoi Stock Exchange. Previously, BSR reported a successful initial public offering (IPO) with a complete take-up of the offered shares and the record selling unit price of VND14.8 million ($651.69). On January 17, BSR conducted its IPO to sell 242 million shares, equalling 7.79 per cent of its charter capital at the initial price of VND14,600 ($0.64) apiece. As a result, 623 investors among the 4,079 registered investors won the auction, including 62 organisations and 561 individuals. 147.83 million shares, equalling 61.2 per cent of the offered share volume, were bought by foreign investors. The average selling price was VND23,043 ($1.01), 57.8 per cent higher than the initial price. The lowest selling price was VND20,800 ($0.92). Of particular note, an … [Read more...] about BSR to list 241.4 million shares on UpCOM

A corner of the Viet Nam-Singapore I Industrial Park constructed by Becamex IDC in Binh Duong Province. — Photo baobinhduong.vn The Investment and Industrial Development Corporation (Becamex IDC) has estimated its total post-tax profit will beat the full-year forecast by 54.5 per cent. The company forecast total post-tax profit will reach VND1.7 trillion (US$73.7 million). Meanwhile, revenue will only exceed the year’s plan by 1 per cent to touch VND5.8 trillion. Becamex IDC targets its total revenue in 2020 at VND6 trillion and post-tax profit of VND1.76 trillion. The figures are up 3 per cent each from 2019 estimates. The results will allow the company to pay an 8 per cent dividend for both 2019 and 2020. Within this month, Becamex IDC will pour an extra VND706 billion into BW Industrial JSC to help increase the latter’s charter capital to VND4.9 trillion from VND2.65 trillion. Its ownership in the joint venture will remain at 30 per cent of the capital. Becamex … [Read more...] about Becamex IDC sees big jump in 2019 profit

Illustrative image (Photo: VNA) Hanoi (VNS/VNA) - Domestic banks are in a position to complete their 2019 profit targets if they finish the year on a high. Thanks to high profits in the first three quarters of the year, many banks are close to reaching their yearly targets, while others are positive that the busy fourth quarter will be enough to get them over the finish line. According to the Military Commercial Joint Stock Bank (MBBank), the bank was on course to exceed its profit target. MBBank closed the first ten months of 2019 with pre-tax profit of more than 8 trillion VND (347.82 million USD), completing 96 percent of its annual target approved by shareholders in April. The Commercial Joint Stock Bank for Industry and Trade of Vietnam (VietinBank) is also confident of completing its profit goal of 20 trillion VND. After recording its highest profit ever in the first three quarters of 2019 thanks to growing revenue from retail and services, it should be easy for the … [Read more...] about Profit targets within reach for domestic banks as 2019 draws to a close

Apartment buildings in Hà Nội. The selling prices of real estate products are expected to remain largely unchanged in the second half of the year. — Photo cafef.vn HÀ NỘI — The supply of real estate products is expected to surge in the second half of the year but a market bubble is unlikely to form, according to general secretary of the Việt Nam Association of Property Brokers Nguyễn Văn Đính. Selling prices are unlikely to change much as demand remains high. Đính told a meeting earlier this week that supply and the number of transactions in the property market in the first six months of the year were reduced from the first half of last year. Decreasing supply in the second quarter was due to tightened credit policies in the real estate market. “However, demand in the property market was high in the January-June period in the two big cities," he said. "The real estate prices therefore were … [Read more...] about Property supply expected to increase in H2