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Tuesday, May 21, 2024

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Many sectors still struggling amidst market surge

Despite the recent stock market rally, stocks in certain industries have been experiencing modest growth or have even declined against the start of the year. Yet this situation presents an opportunity for reallocating cash to these struggling sectors. Leading the charge The VN-Index ended March 2.5% higher, hence a total increase of 13.6% since the beginning of the year. In contrary to a mere 5.7% uptick in the first quarter of 2023, the positive performance of the VN-Index of the Hochiminh Stock Exchange over the past three months has been striking. Rebounding from its lowest of 1,020 points in early November last year, this benchmark stock index has added nearly 26%. Despite encountering occasional setbacks such as the strengthening of the U.S. dollar against the Vietnam dong, consistent net selling by foreign investors, an overheated gold market, and mounting profit-taking pressure, the stock market has emerged as an attractive investment channel. It has successfully attracted cash which has been gradually withdrawn from bank savings accounts due mainly to low interest rates. Alongside the remarkable upswing of the market in recent months, most sectors have reported positive growth. In particular, bank stocks lead the pack with a surge of over 19% […]
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Credit growth amidst sluggish demand

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HCMC – Development Investment Construction JSC, whose shares are traded on the Hochiminh Stock Exchange under the code DIG, will issue 100 million shares...

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Although their business performance has remained impressive, bank stock prices have plummeted on the stock market. The stock market has turned bearish and the...

Banks’ optimistic quarterly growth

Bank stocks continue to lag despite lenders posting positive profit growth. A bright picture The National Citizen Commercial Joint Stock Bank (NCB) reported a before-tax loss...

SGT to sell 74 million shares to current shareholders

HCMC – Saigon Telecommunication and Technologies Corporation, whose shares are traded on the Hochiminh Stock Exchange under the code SGT, has passed a plan...

Bank stock prices likely to split further

The prices of bank stocks will split further in 2022 due to the revenue, profit prospects, low bad debt risk and position of each...

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