News

Firms are leaving the stock market in droves on the grounds that it is no longer beneficial for business, but market insiders say the move could be short-sighted.

Thang Long Securities Company remains Vietnam’s biggest stock broker on the Hanoi Stock Exchange (HNX) after taking the lead in providing 7.997% brokerage services on the bourse, but down from 8.9% in Q1/2011 the bourse said on its website.

Vietnam’s stocks closed mixed today as strong gains of blue chips MSN and FPT buoyed HOSE while loss continued in the smaller cap bourse, HNX, with liquidity stayed at low level on risk aversion.

Foreign banks operating in Vietnam must report their deposit and loan rates to the country's central bank, it said on Thursday.

Foreigners were still net sellers of Vietnamese shares on HOSE though their interest in the smaller cap bourse HNX sustained.

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

Up to 37 companies listed on the two stock exchanges were awarded on Tuesday for their annual reports out of 650 annual reports as entries for the Annual Report Awards 2011 held by the Hochiminh Stock Exchange.

Figures released by the State Securities Commission showed that in the first six months of this year, the total raised capital via issuing shares to public has reached 6.431 trillion dong, equalling to 41 percent of the same period last year.

Vietnam’s stocks closed mixed today as heavy blue chips buoyed HOSE while loss continued in the smaller cap bourse, HNX, with liquidity stayed at low level.