VN Index expected to fall before US rate hike
(Nov 30, 2015)
The benchmark VN Index on the HCM Stock Exchange may fall to between 575 and 585 points this week.
The State Capital Investment Corporation Investment (SCICInvest)
announced the purchase of 300,000 shares of the Viet Nam Dairy Products
Joint Stock Company (VNM) on November 26.
Shares inched lower this morning on the HCM Stock Exchange, despite a positive opening, driven by the slump of energy stocks.
Vietnamese shares yesterday fell on both local exchanges as the banking
sector dropped after the Bank for Investment and Development of Vietnam
(BID) issued extra shares for trading.
The Viet Nam Machinery Installation Corporation (Lilama) sold only 3 per
cent of the total 35.55 million shares offered in its initial public
offering on November 26.
Hai Phong Port Joint Stock Company has set itself a profit target of
VND480 billion ($21.29 million) on revenues of VND1.91 trillion (US$84.7
million) for next year.
Shares declined this morning on the HCM Stock Exchange,reducing the gains made yesterday, when the benchmark VN-Indexinched down 0.3 per cent to close at 594.13 points.
The total State capital invested in five sensitive sectors that need
divesting in the last two months of 2015 have touched almost VND16.2
trillion (US$723.2 million).
Vietnamese shares yesterday rose slightly on both local exchanges as
retailers made gains after the latest statistics from ANZ bank showed
growing consumer confidence.
Hongkong-based Mirae Asset Wealth Management Limited has bought out the
51 per cent stake held in Mirae Asset Securities Wealth Management
company (MiraeAsset) in Viet Nam by two local partners, making it a
wholly foreign invested company.
Domestic gold prices rose slightly this morning, while dollar rates soared in the flea market.