Except Viet Nam, all stocks end high
(Jul 22, 2014)
All the Asian indexes, except those in Viet Nam, climbed in the market on July 22.
Stocks tumbled this morning on both the stock exchanges because of increasing profit-taking activities.
The Southern Hydropower Joint-Stock Company got on the board of the HCM
City Stock Exchange (HOSE) yesterday after having received a license on
The VN index climbed back above 600 by adding 4.78 points to close at
601.04 on July 21, while the other Asian indexes ended mixed.
Optimism continued to help lift shares on the HCM Stock Exchange this
morning, with the benchmark VN-Index closing up 0.62 per cent to reach
Gold prices rose marginally in the international markets and slipped
slightly in Viet Nam on July 21, even as the US dollar prices rose in
all local commercial banks.
Indexes in Japan, Hong Kong and Malaysia ended lower on July 18,
after a Malaysian jet crashed in Ukraine. However, the rest rose.
Malaysian Airlines System Bhd (MAS) shares fell sharply on Friday on
news one of its planes was downed in Ukraine, raising pressure on the
state-run carrier to try to restore investor confidence after the second
major disaster in months.
Asian stocks were rattled by the news of the crash of a Malaysian
Airlines jet on the Ukraine-Russia border, but Viet Nam's stock market
Viet Nam's mergers and acquisitions (M&A) market is set off for a
second wave in the next five years with total value expected to reach
US$20 billion from 2014-18, driven by the equitisation of State-owned
Major Asian indexes experienced poor selling on July 17, but the indexes in Singapore and two bourses of Viet Nam showed gains