VN-Index hovers at 570 points
(Jun 03, 2015)
The VN-Index opened higher this morning, but fell to yesterday's close under increased selling power.
Two organisations have registered to unload all of their stakes in
Military Bank (MB) within a month beginning June 3, according to the HCM
City Stock Exchange.
Even as other Asian markets ended lower on June 2, the Shanghai Composite Index added 81.79 points to close at 4,910.53 in mainland China.
The stock market opened higher, but fell during the morning session and ended lower than the market expectation.
The foreign exchange market has stabilised after fluctuations caused by
the State Bank's recent decision to devalue the Vietnamese dong by 1 per cent, according to independent market analysts.
The recent announcement by many executives and major shareholders of
listed companies that they will sell their holdings could rattle smaller
investors and negatively impact the market, analysts say.
Sai Gon Port Company Limited will launch its initial public offering
(IPO) on the HCM City Stock Exchange on June 30, HOSE said on June 1
Asian markets ended up on June 1 except Singapore, where the Strait Times Index lost 25.66 points to end at 3,392.11
Well-known shipbuilding firm Damen of the Netherlands is expected to buy
a 49 per cent stake in the Ha Long shipbuilding company, the
Shipbuilding Industry Corporation (SBIC) said.
The stock market opened high and maintained growth during the morning
session today, despite the negative prediction made by securities firms.
Asian markets ended mixed on May 29. The Nikkei 225 added 11.69 points to end at 20,563.15, while the Topix Index added 0.89 points to close at 1,673.65.