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Good news cannot push stock prices up

Despite the rapid-fired good news about the macro economy, stocks remain dirt cheap. The VN Index could not stay firmly at the 500 point threshold, while HNX Index could not emerge to the 62 point level. Analysts have noted that the current factors back the rise of the stock market. …

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Shares subside as foreign investors sell blue chips

The market fell sharply again last week, primarily due to strong selling pressure in blue-chips, including property developers Vingroup (VIC), Hoang Anh Gia Lai (HAG), Vietinbank (CTG), Vietcombank (VCB), steelmaker Hoa Phat (HPG) and PetroVietnam Gas (GAS). On the HCM City Stock Exchange, the VN-Index lost 1.95 per cent over …

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VN-Index sheds over 10 points

Despite positive second-quarter business results of some leading firms such as VNM, GAS, SSI and DRC, the local market fell sharply in the second straight losing session on Wednesday given a strong wave of selling early on. Inflation edged up for the second month in a row, sparking investor concerns …

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Regional stock market rallies warned on sustainability

The Institute of Chartered Accountants in England and Wales (ICAEW) has warned that the current rising capital inflows to stock markets in Southeast Asian nations may be unsustainable. “Such growth rates are unsustainable and they may be seen as evidence of a bubble,” ICAEW said in its latest report, called …

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New stimulus plan buoys stock market

While the stock market in general reacted positively on May 15 to a new 30 trillion VND (1.4 billion USD) real estate support package, shares of companies in the sector saw little change. The package was designed to go to social housing and low-cost projects, not listed property developers. As …

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Hanoi Exchange introduces new bond trading system

The Hanoi Stock Exchange has introduced the second version of the Government bond trading system, which will be used for the first time from March 18 when Circular 234/2012/TT-BTC takes effect. The system was upgraded in response to provisions in the circular concerning risk management and repurchase agreement (repo) trading. …

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Foreign investors hunting for Vietnamese stocks

Accepting to pay 30-50 percent higher than the market prices, foreign investors have shown their strong determination to buy the stocks of Vietnamese enterprises now, when the stock prices are at the deepest low. The Japanese Tokyo Mitsubishi Bank has agreed to pay US$743 million to buy 20 percent of …

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Brokers report contrast pictures of 2012 profits

Although the overall picture of losses and gains is still unclear, many securities enterprises reported contrast situations in 2012 with some posting up big profits while others incurred heavy losses. Around 40 securities have submitted 2012 financial statements to local stock watchdogs, of which only seven firms suffered losses. Sacombank …

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