Beta Securities fined for breaking margin loan rules

The State Securities Commission (SSC) has issued a decision to fine Beta Securities Incorporation VNĐ125 million (US$5,500) for violating rules on margin trading.

MoF to release $5b in G-bonds The Ministry of Finance (MoF) announced that over VND17 trillion (US$823.1 million) worth of government bonds were mobilised after its 10 auctions in December 2013.

Shares experience mixed results The VN-Index on the HCM City Exchange shrank slightly yesterday, after successfully entering the resistance band of 510-513 points on Tuesday.

MoF yet to provide investor protection The idea of setting up an investor protection scheme was presented to the Ministry of Finance three years ago by the Viet Nam Association of Financial Investors. So far, there has been no response.

US consultancy firm inks deal with Beta Securities US-based PHI Group, that specialises in raising capital and taking companies public, has announced a co-operation deal with Vietnamese Beta Securities Corp on a range of business activities.

Foreign investors boost City shares Shares made only modest gains on the HCM City Stock Exchange yesterday, on sluggish trading totalling just 36.5 million shares, worth only VND977 billion (US$50 million).

Heavy foreign investor buys boost stock market The VN-Index rose yesterday on heavy late buys of blue chips by foreign investors, finishing the session at 450.96 points, a gain of 1.15 per cent.

Steel producer to list shares on Tuesday Steel producer Tien Len will list 54 million shares on the HCM City Stock Exchange next Tuesday, making it the fifth steel producer with shares listed on the southern bourse. The shares would be offered at an opening price of VND30,000 and would be allowed to fluctuate by plus-or-minus 20 per cent during the first day of trading, according to the prospectus.

Gloomy sentiment weighs on stocks Despite a strong rally of US shares, the VN-Index yesterday posted a third straight day of declines, sliding by 1.89 per cent to end the day at 527.13.

Wall Street gains boost VN-Index The VN-Index yesterday added another 3.97 points to close at 255.85, an increase of 1.58 per cent, as strong gains on Wall Street helped shore up domestic investor confidence.