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Tag Archive for ‘HNX’

Vietnam Business Briefs November 07, 2012

* Saigon Shipping Joint Stock Company (SGS) announces that its Saigon Queen ship, with a crew of 22 on board, sank off Sri Lanka October 30. The firm said that eighteen crewmembers have been rescued while the four others, including the captain, remain missing, adding that the current value of the ship reached VND73.5 billion. * FLC Group JSC (FLC) will transfer its all 5 million shares in FLC Securities JSC to individuals who want to buy until November 11 at the price not lower than VND4,600/share, the firm said in its resolution of Board of…

Nov 6: Vietnam Stocks Extend Loss, Heavy EIB Deals Seen

Vietnamese shares continued to close lower today as caution remained high, heavy EIB deals in the put-through session was seen again. The benchmark VN Index lost 0.32 point or 0.08% to 376.95…

Nov 5: Vietnam Stocks Kick Off New Week in Mixed Notes, Caution Remains

Vietnamese shares ended the first trading session of the week in a mixed note, blue chips buoyed market in the southern exchange but loss were seen in the small cap bourse, liquidity drained as caution was still high after recent banking scandal. The benchmark VN Index added 2.01 points or 0.54% to 377.27…

Powerful Dang family’s upheavals create big changes in stock market

VietNamNet Bridge – The stock market last week witnessed big fluctuations with rapid fire information about the Dang family, one of the most powerful families in the Vietnamese business circle. Resigning, losing money All the three shares relating directly to the Dang Van Thanh’s family saw the sharp falls in prices on November 2. The morning closing price of SCR shares of the Saigon Thuong Tin Real Estate Joint Stock Company, whose Thanh’s son Dang Hong Anh is the President, fell by 7 percent, with the prices traded at 5100 dong per share. SBT shares of Bourbon Tay Ninh…

Sacombank’s affair causes $1 bln market cap loss

The resignation of Dang Van Thanh, founder-cum-chairman of the board of directors of Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) , caused a VND22.25 trillion ($1.07 billion) market capitalization loss on Friday. The capitalization of Ho Chi Minh Stock Exchange (HoSE) and Hanoi Stock Exchange (HNX) incurred VND20 trillion and VND2.253 trillion losses by the end of the trading session, respectively. According to statistics from HoSE and HNX, by the end of Friday, their market capitalization declined to VND609.700 trillion and VND78.883 trillion compared to the previous day, respectively. The Friday trading…

Nov 2: Vietnam Stocks Log Biggest Loss in 2 Month on Arrest Buzz

Vietnamese shares today posted the steepest fall since August 27 as investors sold shares on the rumor that another banking tycoon was arrested though no official sources were heard. The benchmark VN Index lost 12.69 points or 3.27% to 375.26…

Nov 1: Vietnam Stocks Kick Off New Month in Redness On Caution

Vietnamese shares continued to close down today, investors were cautious as market moved side-way trending down for a while. The benchmark VN Index lost 0.47 point or 0.12% to 387.95. Volume fell 20%to 46.1 million shares worth of VND704 billion. Put through trading contributed 23 million EIB shares worth of VND422.53 billion. We saw 19.5 […]

Oct 31: Vietnam Stocks Extend Loss, Heavy EIB Trade Deals Seen

Vietnamese shares continued to close down today, heavy put-through EIB deals boosted trading volume. The benchmark VN Index lost 1.44 points or 0.37% to 388.42…

Oct 30: Vietnam Stocks Extend Loss, VN Index Undercuts 390 Again

Vietnamese shares continued to close down today as investors sold shares amid lack of supporting news, liquidity drained on caution. The benchmark VN Index lost 1.5 points or 0.38% to 389.86…

Oct 29: Vietnam Stocks Close Down, Caution Remains

Vietnamese shares kicked off the new week with failed bull attempt and liquidity drained further on caution. The benchmark VN Index lost 0.34 point or 0.09% to 391.36…