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.
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.
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.
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.
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.
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?