Vietnamese shares gained steadily on Monday, driven by energy, retail agriculture stocks despite underperformance of the financial sector amid investors’ uncertainty.
Shares closed the week in the green but there were signs of weakness along with declining liquidity.
Many large non-life insurance companies plan to increase the contribution bancassurance makes to their total premium revenue this year.
Shares on the HCM Stock Exchange rebounded in the last trading minutes on Thursday, propped up by the recovery of heavyweight stocks.
Vietnamese shares had a good start on Monday with two main stock indices rising, with improved liquidity and increased net buying by foreign traders among blue-chips.
The short-term uptrend of the stock market remains positive this week as investors may head to companies with third-quarter earnings prospects but some corrections are needed to help Vietnamese shares consolidate before rising further.
Vietnamese shares ended Friday on a positive note, driven by financial-banking and energy sectors as confidence was boosted by news on State capital divestment from State-owned businesses.
Vietnamese shares fell on Thursday as strong selling pressure weighed down large-cap stocks and listed firms suffered from negative news of the macro-economy.
The Hà Nội-based Bảo Việt Securities Joint Stock Company (BVSC) was named the best mergers and acquisition (M&A) advisory firm for the two periods 2009-18 and 2017-18 on Thursday.
Bảo Việt Securities Joint Stock Company (BVSC) has been named Best Securities Advisory Firm – Vietnam by the UK’s International Finance Magazine.