The Vietnam stock market encountered a tug-of-war throughout the trading session on April 19 but still closed down due to increased selling pressure, including net sales of more than VND460 billion by foreign investors on the HoSE.
Foreign investors continued their net buying streak for the fifth consecutive session on the HoSE with a total net purchase value of over VND841 billion. Market liquidity also significantly improved.
At the end of the financial year, the market is often bullish. This occurs on the belief that mutual funds will beautify year-end reports by pulling up stock prices for the sake of shareholders.
Delisting shares on the stock market is a tool for market regulators to create a transparent investment environment, and filter and remove poor quality stocks that cause market manipulation, strengthening investors' confidence in the stock market.
The selling pressure continued to prolong in the trading session on April 18, with more than 820 stocks on all three exchanges plummeting to investors' surprise.
Lieutenant General To An Xo, Chief of Staff cum Spokesperson of the Ministry of Public Security, on January 24, informed that the Police Investigation Agency of the Ministry of Public Security issued a decision to prosecute a criminal case, a decision to prosecute the accused, a search warrant, and an arrest warrant for temporary detention against Nguyen Van Nam, former Director of ASA Joint Stock Company, for the crime of "obtaining property by deception", as specified in Article No.174 of the Criminal Code 2015, amended and supplemented in 2017.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HOSE) set a new record high on November 8 morning, inching up 7.89 points to hit 1,464.4 points on the back of oil, insurance, securities, real estate and retail stocks.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HOSE) reached a historic peak on the October 27 trading session, with cash flow increasing strongly and foreign investors returning to net buying trillions of VND after a period of consecutive net selling.
The market finished higher in the last trading session of the week as large-cap stocks gained points, while foreign investors net sold large values on both exchanges.
Even though the stock market has been vibrant and booming, investors are choosing to ignore and overlook many stocks, despite their value. Investors are seemingly aware that these stocks are more or less defunct, having almost no liquidity to back them up.
The Ministry of Finance (MoF) had a meeting with FPT Corporation to discuss solutions to solving problems in stock trading on the afternoon of March 9.
The Ho Chi Minh City Stock Exchange (HoSE) continually encountered network congestion, causing frustration for investors and negative impacts on the market.
Vietnam’s stock market in the trading session on March 3 continued to encounter network congestion on the Ho Chi Minh City Stock Exchange (HoSE), so the VN-Index was almost flat.
Commercial banks have been rushing to list shares on the stock exchange, not only because of the D-day but also because the wave of king stocks has returned. Many banking stocks have risen by 30-50 percent, and some stocks even have risen by 100 percent compared to the beginning of the year, prompting bank owners to take the opportunity to put their shares on the market.
Some VND7.646 trillion (US$329.8 million) was mobilised for the State Treasury through a Government bond auction at the Hanoi Stock Exchange (HNX) on October 7.
From the beginning of this year to now, the share listing plans of commercial banks have been extremely quiet, currently, many banks have changed their listing routes.
The Hanoi Stock Exchange (HNX) successfully sold out VND4 trillion worth of government bonds issued by the State Treasury of Vietnam in the auction held on October 2.
Although stocks on the unlisted public company market (UPCoM) contain many risks, surprisingly, the number of companies increasing was not less than those of two trading floors HOSE and HNX. Whether the fact that many large-cap stocks still stayed on the UPCoM attracted foreign investors or a wide trading range helped the UPCoM to bring higher profits?
