Sugar firm remains in VN30 Index

January 31, 2019 - 06:00

The HCM Stock Exchange has announced the first update of the year to the blue-chip VN30 Index, a basket of 30 stocks with the largest market capitalisation and highest liquidity.

A sugar plant belonging to Thành Thành Công-Biên Hòa in Tây Ninh Province. — Photo courtesy of TTC

Viet Nam News

HCM CITY — The HCM Stock Exchange has announced the first update of the year to the blue-chip VN30 Index, a basket of 30 stocks with the largest market capitalisation and highest liquidity.

The basket, which is reviewed every six months, now includes four new stocks, Eximbank (EIB), Techcombank (TCB), HDBank (HDB) and VinHomes (VHM), in place of Bình Minh Plastic (BMP), Hoa Sen Group (HSG), Kido Group (KDC), and Petrolimex (PLX).

Thành Thành Công-Biên Hòa JSC (SBT) retains its place, meeting all the stringent requirements related to capitalisation, liquidity, the free float rate, and share turnover.

The sugar market has been recovering globally.

Experts have said 2019 could be the warmest year on record resulting in a reduction in sugar supply in sugar producing countries. Therefore, sugar prices would continue to recover, they said.

SBT and Orient Commercial Joint Stock Bank have signed an agreement under which the latter will offer loans at preferential interest rates to farmers who supply sugarcane to the company.

TTC has been providing loans to nearly 13,000 farmers in areas where it has plants, and the outstanding loans now total VNĐ1 trillion (US$43.17 million). — VNS

Tags Vietnam Vietnam News SBT news VN30 Thành Thành Công-Biên Hòa

Việt Nam stock market kicks off the final week of November with gains

Economy

Bắc Giang targets breakthrough economic growth and regional cooperation by 2025

Economy

Việt Nam named among the 30 largest export economies

Economy

Code of conduct issued for real estate brokers

Economy

Việt Nam, Bulgaria look toward to new heights in trade volume

Economy

Women leaders: Việt Nam-Canada dialogue on gender equality

More on this story

Economy

BVA to boost support for businesses

The Belgian-Vietnamese Alliance (BVA) launched as a chamber of commerce and industry for Belgium, Luxembourg and Việt Nam on Tuesday.

Economy

National IIP up about 8% in January

The national industrial production index (IIP) in January expanded 7.9 per cent year-on-year, much lower than the growth rate of 22.1 per cent in January 2018, according to the General Statistics Office (GSO).

Economy

Hòa Phát’s steel exports surge in 2018

Hòa Phát Corporation announced on January 29 that its steel products are now available in 14 countries with a total export volume of nearly 240,000 tonnes in 2018, up 50.97 per cent annually.

Economy

January oil production exceeds target

Việt Nam’s oil and gas output hit an estimated 2.05 million equivalent tonnes in January, surpassing the monthly target by 5.8 per cent.

Economy

Prime Minister approves plan to implement CPTPP

Prime Minister Nguyễn Xuân Phúc has approved a plan to implement the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

Economy

Hà Nội urged to change ways of using FDI capital

Hà Nội should change its mindset to draw more foreign direct investment (FDI) capital and improve the use of FDI capital in at least 10 years with rising challenges and opportunities, Deputy Prime Minister Vương Đình Huệ said on Tuesday.

Economy

Demand for delivery services surges before Tết holiday

Delivery services, especially items for Tết (Lunar New Year), are working hard to meet the surge in demand in the run-up to the year’s biggest holiday in HCM City.

Economy

‘Kingdom of Garlic’ faces challenges as prices fall

The mass trade of imitation products and a lack of Geographical Indication (GI) are seen as major reasons behind falling prices for Lý Sơn garlic, the product known as the ‘King of Garlic.’

Economy

Controversial tax authorities removed

A draft regulation that would require banks to provide details of customers’ accounts to tax authorities which has caused controversy has been removed from the latest version of the draft Law on Tax Management.