Shares declined on Monday as securities and banking lost momentum on investors selling pressure rising.
The shares of many textile and apparel companies are on a downward trend. This is a paradoxical situation since most textile companies are doing pretty well on the business front.
Fifty million of the 132 million bank cards issued in the country are not in use, causing an enormous waste of resources, the Việt Nam Bank Card Association has said.
Vietnamese shares closed Friday on a positive note as investors started buying in when exchange-traded funds (ETFs) offloaded stocks during their portfolio reviews.
Vietnamese shares slipped on Thursday as foreign investors struck a large net sell value after the US central bank raised interest rates and signaled more hikes to come this year.
Vietnamese shares advanced on Wednesday on the back of large-caps but trading liquidity remained low to prove cautious investor sentiment and signal volatile sessions to come.
Prosperous business performance and positive bank share price trend in the stock market are expected to help some commercial banks meet capital increase deadline required by the State Bank of Việt Nam (SBV).
Việt Nam Bank for Industry and Trade (VietinBank) plans to issue 400,000 bonds worth VNĐ10 million each to raise its capital by VNĐ4 trillion (US$174.7 million).
Forbes Vietnam on Tuesday announced Vietnam’s 50 top listed companies for 2018, which account for 70.8 per cent of total market capitalisation on the HCM and Hà Nội stock exchanges.
Vietnamese shares extended gains Wednesday for a third session as positive investor confidence lifted sectors such as securities and banking-finance industries and several individual large-cap stocks.