News

Securities brokers predicted the market would seesaw in a narrow range again or slightly decline as they have yet to see signs of short-term recovery and investor sentiment remains dampened.

Vietnam’s stocks split today when VN Index closed deep down in the negative ground on risk aversion but HNX resurfaced on late trading, driven by speculative shares.

Foreigners continued to net buy Vietnamese shares on the HOSE for a second straight day but turned to net sell on HNX as the market rally provided good exit opportunities.

Vietnamese inflation will be higher next year than previously forecast as a result of a central bank rate cut that was “premature” and may confuse investors, Credit Suisse Group AG (CSGN) said.

There are increasing warnings from analysts that several local brokerage firms are illegally providing short selling to their clients. Lawyer Tran Minh Hai, executive director for Banking-Securities-Investment Law Co., Ltd, tells VIR why.

The UPCoM-Index, the measure of 120 unlisted public companies, closed down today while liquidity was still at a very low level on caution.

Many listed companies have announced to buy large amounts of shares in each others, triggering concerns from investors that they partnered up to drive share prices.

Foreigners continued to net sell Vietnamese shares on HOSE and also offloaded shares on HNX on lack of support news.

Credit institutions that attempt to boost up deposit interest rates over the cap of 14% p.a. will be imposed a fine of up to VND80Mln, SBV said in a draft resolution to restrict unfair competition among banks.