Energy stocks lift markets
(May 31, 2016)
Vietnamese shares continued their upward trend on both local exchanges in the early session as energy stocks were lifted by increasing oil prices.
Forbes Viet Nam Magazine has named the top 50 listed companies of the year in the local stock markets.
Vietnamese shares yesterday extended gains from Friday on both local
markets as listed real-estate firms reacted positively to the latest
circular issued by Viet Nam's central bank.
HCM Stock Exchange (HoSE) has added live trading of foreign investors on its electronic transaction board on May 30.
The State Treasury offloaded VND8.2 trillion (US$366.8 million) in
government bonds on May 26, G-bond auction organiser Ha Noi Stock
Exchange (HNX) said.
Vietnamese shares extended gains from Friday on both local markets in the early session as the latest circular issued by Viet Nam's central bank boosted real estate firms.
Japan's biggest airline ANA Holdings has officially became the main
strategic partner of the Vietnamese national flag carrier Vietnam
Airlines under a US$109 million deal signed on Saturday.
The Viet Nam Meat Industries Company (Vissan), a subsidiary of the
Saigon Trading Group (Satra), held its first shareholders meeting in HCM
City on May 28.
Vietnamese shares may extend their losses this week as energy firms
could suffer more from lower oil prices, while low investor confidence
could pull down blue chips.
Vietnamese shares bounced back from Thursday's declines on both local
exchanges as banks and property developers recovered from their recent
While the recent violation of Hoang Anh Gia Lai Group, which issued its
bonds on a lower collateral basis, told a story of how risky corporate
bond issuances could hurt the market, it did not stop other corporations
from issuing their bonds in the country.