Which stocks to buy in June
The recent improvements in trading volume may aid the VN-Index, the benchmark stock index, in breaking the resistance zone of 1,080-1,100 points and continuing its rise in June. This indicates the resurgence of institutional investors, hedge funds, and private equity firms in the stock market.
HOSE reports 2022 revenue of nearly VND2 trillion
HCMC – The Hochiminh Stock Exchange said in its 2022 financial statement that it generated VND2,508 billion in revenue, a 23% decrease against the previous year. Its 2022 expenses dropped 20% to VND562 billion, resulting in a pre-tax profit of VND1,946 billion, which was still 23% below the
The capital increase race
An increase in equity is believed to help securities companies get ready for their business activities since this sum of money is closely related to their core operations such as margin lending or proprietary trading. The race heats up again After a lukewarm period, capital increases at securities
Bright outlook amid monetary easing
Monetary policy is gradually shifting from tightening to easing again. Following the two interest rate cuts in late March, the central bank has signaled another rate reduction is coming. Money goes around flexibly Contrary to former concerns, the stock market was undergoing fairly positive
Chances from businesses with strong profit growth
Most enterprises have reported their profits for the first quarter of 2023. Besides those suffering a sharp decline as predicted, there are still businesses with unexpectedly strong growth, making their valuations attractive. Looking for opportunities The stock market staged a major rally on May
The May fear factor
Data in the past showed that the market performance in May was not always the worst. In recent years, the “selloff in May” phenomenon seems no longer a significant concern. So, is the fear of May exaggerated? The past was not too bad After a rise of 3.7% in March, the VN-Index reversed course and
The return of hope
Modest growth reported by securities firms in the first quarter of 2023 came as no surprise given the dismal market conditions and the high base in the year-ago period. A predictable fall Securities firms reported lower revenue and profit in the first three months of the year. Leading companies
April sees foreign investment in Vietnam’s securities down
HCMC – Foreign investment in Vietnam’s securities in April plunged by nearly half versus its peak in 2022 and hit a 12-month low. Foreign investors bought over VND17.8 trillion worth of stocks, fund certificates and warrants listed on the Hochiminh Stock Exchange (HOSE), while they sold securities
Bright spots amid dreary picture
Listed companies are entering the peak season when their business results for the first quarter of 2023 will be made public. As previously forecast, quite a few enterprises suffered a sharp decline in their profits, or even made losses. Risks from volatile prices, stagnant consumption This came as
Stock market waits for East wind
Although Vietnam’s stock market has come under pressure due to global financial market volatility, the VN-Index had still maintained its upward trend since mid-November last year. A variety of supporting factors Now that a series of policies aimed at supporting the economy, especially the stock