News

Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of the 11:30 a.m. break in Ho Chi Minh City.

The UPCoM-Index, the measure of 130 unlisted public companies closed up on Monday following the official bourses. Liquidity improved.

Foreigners continued to be net sellers on both HOSE and HNX on Monday for the third consecutive days. Level of participation tumbled.

Vietnamese stocks closed up today, sending the index to top 450 threshold, buying interest looked solid on expectation of less tightening policy.

Vietnam’s foreign exchange reserve, as of mid-March/2012, is estimated to have risen by 30% from the end of 2011, after it expanded by 50% in the previous year.

Securities companies predicted that profit taking pressure would pick up in some sessions this week as many investors will keep locking in profits after a strong rising streak over the past time.

The stock market entered a downward correction last week that ended a two-month winning streak, as the Ministry of Finance announced a 10-per-cent increase in petrol prices on Wednesday that sparked new fears about inflation.

Vietnam gold prices dropped VND160,000 to VND44.6 million a tael on Wednesday morning. Gold lost both in New York trade last night and Asia this morning as dollar weighs.

Vietnamese stocks ended the morning session mixed as heavy weighs support VNIndex but pennies lost on the HNX, STB gained for a third straight day.