News

Vietnamese stocks surged today as investors paid a premium on hopes of interest rate cut and on the news of short-sell ban.

Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of the 11 a.m. local-time close.

The State Securities Commission demanded brokerages on Monday to stop providing illegal margin trading and short selling services to investors.

The UPCoM-Index, the measure of 128 unlisted public companies, rose up steeply today following surges in the official markets.

Prime Minister Nguyen Tan Dung has said for the rest of the year, Vietnam would continue to tighten monetary policy while allowing room for growth.

Shares of insurance companies are giving positive signals, says Saigon Securities Inc analyst Tran The Phong.

The State Bank of Vietnam has raised its foreign exchange reserves to $15.1 billion at the end of June, up from $11.9 billion in February

These are some of the leading stories in the official Vietnamese press on Friday. Reuters has not verified these stories and does not vouch for their accuracy.

The UPCoM-Index, the measure of 127 unlisted public companies, stayed another day on its low of all times as majority stocks lost ground continued slumps on major HOSE and HNX bourses.