News

Vietnamese stocks ended with a mixed note today as investors sold shares on the primary bourse to book profit ahead of 10 day long Lunar New Year holiday, while buying interest persisted on the smaller cap bourse.

Vietnam is forecast to have GDP growth rate of 5.7% in 2012, compared to the government’s target of 6.0-6.5%, HSBC Global Economics Research Team wrote in its Macro Asian Economics Q1/2012.

Foreigners extended their position of net buyers on both HOSE and HNX on Thursday. Level of participation increased.

The UPCoM-Index, the measure of 127 unlisted public companies closed up on Thursday following the official bourses. Liquidity improved thanks to NHN trading.

Vietnamese stocks continued to gain as investors jumped in to buy on hope of a year-end and new year rally after the market run positively in recent days, clearing some doubtness on a solid recovery.

The current 5% increase in the electricity prices will lead the consumer price index (CPI) to accelerate by 0.369%, the Minister of Finance Vuong Dinh Hue said in an online conversation this afternoon.

Vietnamese stocks continued to gain as investors picked up shares on value attraction, however, liquidity fell ahead of Lunar New Year holiday.

Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of the close in Ho Chi Minh City.

Foreigners were net buyers on both HOSE and HNX on Wednesday. Level of participation fell.