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Update news vietnam stock market
The strong cash flow to the stock market in recent days has helped stock prices bounce back.
Vietnam’s stock market rally may slow this week as investors eye profits but the one-month projection is still optimistic.
Investment funds involved in Vietnam’s equity market reported positive growth in net asset value (NAV) in August due to a stock market upturn.
During the week, former managers of TTF completed an asset transfer. Johnathan Hanh Nguyen wanted to increase the ownership ratio in Sasco, while FPT’s Bui Quang Ngoc sought to sell 2.3 million shares.
Foreign capital continues to pour into Vietnam, bringing benefits to industrial property developers and the stock market.
Vietnam’s stocks have seen a strong rise in the context of strong capital flow, successful pandemic control, and businesses’ adaptation to the new conditions.
Johnathan Hanh Nguyen, known as the ‘branded-goods king’, has succeeded with his bottom fishing deal at a time when the new outbreak of Covid-19 shows signs of weakening.
If serious turbulence is caused by large-scale sell-offs and considered a threat to the security of the equity market, the Ministry of Finance will have to switch the market off.
Some government officials say Vietnam needs to attract ‘eagles’, as it calls big and 'super-big' investors, to help upgrade the stock market.
Experts have made differing predictions about the trend of the local stock market next week, saying it remained hard to forecast as price movements have been sensitive.
Some UPCOM-listed companies are enjoying stable earnings brought by joint ventures they established with foreign partners, but their core businesses remain insignificant.
While corporate earnings reporting no longer has an impact on overall market sentiment, all eyes will be on new developments of the second wave of coronavirus in Vietnam.
The stock market still proves to be quite attractive in the context of redundant liquidity and other investment channels having not fully recovered.
Not all commercial banks will list their shares on the bourses by the end of the year as required by the government.
Public companies may receive a penalty of VND2-3 billion ($87,120-$130,700) for falsifying share listing and trading documents under a proposal from the Ministry of Finance.
Vietnamese shares may continue to fall this week as a spike in fresh coronavirus cases fuelled concerns that the path to economic recovery could be hindered.
After touching bottom in the first quarter of 2020 because of COVID-19, Vietnam’s stock market staged a strong comeback in the following quarter, allowing securities firms to enjoy sharp increases in both revenue and profit.
Brokerages have forecast that the benchmark VN-Index on the Ho Chi Minh exchange may approach 900 points by the end of this year despite worries over a second wave of the coronavirus pandemic.
Vietnamese shares are on the edge of declining this week as worries about the second wave of coronavirus spread increased after new cases were reported over the weekend.
Brokerages have forecast that the benchmark VN-Index on the Ho Chi Minh exchange may approach 900 points by the end of this year despite worries over a second wave of the coronavirus pandemic.