The stock market performed well in early 2024. Bank stocks have benefited from this trend but their growth has not been enough to make the group of bank stocks a driving force for the stock market. Some banks have been doing well while others have been incurring losses since the beginning of the year. This article provides an in-depth analysis of the factors behind the increase in bank stock prices. Profitability of banks above average GDP growth by the end of the first quarter reached 5.66%, the highest since the Covid-19 pandemic. Industrial production orders have been on the rise, with the Index of Industrial Production (IIP) increasing by 5.67% and the Purchasing Managers’ Index (PMI) hovering around 50. Thanks to these encouraging macroeconomic signs, the stock market has seen gains based on the impressive results obtained in late 2023. Specifically, the VN-Index has remained above 1,200 points since early February, peaking at 1,284 at the end of March. Despite a slight drop in late April from this record high, the market’s cumulative return was still 7%, much higher than the 4% in the same period last year. Overall, better prospects for the stock market can be expected this year. […]
The stock market performed well in early 2024. Bank stocks have benefited from this trend but their growth has not been enough to make the group of bank stocks a driving force for the stock market. Some banks have been doing well while others have been incurring losses since the beginning of the year. This article provides an in-depth analysis of the factors behind the increase in bank stock prices. Profitability of banks above average GDP growth by the end of the first quarter reached 5.66%, the highest since the Covid-19 pandemic. Industrial production orders have been on the rise, with the Index of Industrial Production (IIP) increasing by 5.67% and the Purchasing Managers’ Index (PMI) hovering around 50. Thanks to these encouraging macroeconomic signs, the stock market has seen gains based on the impressive results obtained in late 2023. Specifically, the VN-Index has remained above 1,200 points since early February, peaking at 1,284 at the end of March. Despite a slight drop in late April from this record high, the market’s cumulative return was still 7%, much higher than the 4% in the same period last year. Overall, better prospects for the stock market can be expected this year. […]
The stock market performed well in early 2024. Bank stocks have benefited from this trend but their growth has not been enough to make the group of bank stocks a driving force for the stock market. Some banks have been doing well while others have been incurring losses since the beginning of the year. This article provides an in-depth analysis of the factors behind the increase in bank stock prices. Profitability of banks above average GDP growth by the end of the first quarter reached 5.66%, the highest since the Covid-19 pandemic. Industrial production orders have been on the rise, with the Index of Industrial Production (IIP) increasing by 5.67% and the Purchasing Managers’ Index (PMI) hovering around 50. Thanks to these encouraging macroeconomic signs, the stock market has seen gains based on the impressive results obtained in late 2023. Specifically, the VN-Index has remained above 1,200 points since early February, peaking at 1,284 at the end of March. Despite a slight drop in late April from this record high, the market’s cumulative return was still 7%, much higher than the 4% in the same period last year. Overall, better prospects for the stock market can be expected this year. […]
HCMC - DHG Pharmaceutical Joint Stock Company, listed on the Hochiminh Stock Exchange with ticker DHG, has revealed its intention to distribute a cash...
HCMC – HCMC Infrastructure Investment JSC (HOSE: CII) has acquired over 7.8 million NBB shares of 577 Investment Corporation.
The transaction, conducted between May 7...