Profit-taking ends four-day rally
(Sep 23, 2016)
Shares struggled to end positive in the early trading session as investors booked profits after a four-day rally.
The Ministry of Construction suggests the State retain a controlling
stake in Song Da Corporation after its equitisation given the company's
large-scale business operations.
The price of Sai Gon Beer-Alcohol-Beverage Joint Stock
Company (Sabeco) shares have soared in recent days on the
over-the-counter (OTC) market after the company announced its listing
plan on the HCM Stock Exchange.
Vietnamese shares yesterday remained upbeat for a fourth session as
investor confidence was bolstered by the decisions of US and Japan's
central banks to keep interest rates flat.
After five years of aggressive restructuring, the number of securities companies here has reduced from 105 to 81 in 2016.
Vietnamese shares extended gains for a third day on the two local
exchanges, driven by large-cap stocks, while market trading liquidity
improved on higher investor confidence.
Foreign investors bought government bonds worth some US$1 billion from the local market, the Ha Noi Stock Exchange (HNX) said.
DHG Pharmaceutical Joint Stock Company (DHG) announced that it sold its
entire 222,380 treasury shares, earning VND22.9 billion (over
US$1million), during the period from August 18 to September 16.
Red River Holding
investment fund, backed by the French Artemis group, has registered to
sell two million VHC shares of Vinh Hoan JSC, a Vietnamese aquaculture
company, until October 5.
shares rose in the early session, driven by large-cap stocks, while market
trading liquidity was moderate, as investors bought stocks expected to show a good
Vietnamese shares struggled to extend gains yesterday on late buying in
large-cap stocks during the near-end period of the session.