The local stock market tumbled Wednesday as investors bailed out of securities that were banned from margin trading by the two stock exchanges yesterday. The two stock exchanges announced lists of securities not allowed to be used as mortgaged assets for margin trading yesterday, among them several top-active stocks like Saigon Securities Inc. (SSI), Kim Long Securities (KLS), Bao Viet Securities... 

VnDirect Securities topped the Hanoi Stock Exchange by brokerage value in 2011’s Q3, beating Thang Long Securities and Saigon Securities. VnDirect gained 7.4 per cent in total brokerage value, while Thang Long enjoyed 5.1 per cent and Saigon Securities just 4.08 per cent, the bourse announced on October 6. However, VnDirect was not named among Ho Chi Minh Stock Exchange’s (HoSE) top 10 firms by... 

The stock market dipped Tuesday on investors’ local macroeconomic uncertainties. Domestic gold climbed to nearly VND200,000 this morning to VND46.8 million per tael, far surpassing global prices. Meanwhile, investors largely kept waiting for consumer price index figures for September, which are expected to reduce, but still add to an already-high inflation level this year. The benchmark VN-Index... 

The target to mobilize VND130 trillion from government bonds this year, or way higher than that of VND65 trillion last year, seems to be out of reach as the tempo has remained slow to date. As of August 25, the assigned issuers State Treasury, Vietnam Bank for Social Policy, and Vietnam Development Bank have mobilized some VND62 trillion of government bonds from the total tenders of over VND135 trillion... 

Concerned that the bond interest rates are not attractive, while having to concentrate on providing loans to fund production and business, a lot of banks have decreased the volumes of bonds they purchased in the last two weeks. The period from the end of May to early July was considered the most boisterous time of the government bond market since early 2011. The success ratios of the government bond... 

The State Treasury mobilized VND1.8 trillion from auctions of treasury bonds of three- and five-year terms via the Hanoi Stock Exchange (HNX) last Thursday, carrying coupons from 12.2% to 12.3% per year. The offered bonds worth a total VND4 trillion equally split between the two terms, but it was able to sell VND1.2 trillion worth of three-year bonds with an annual rate of 12.2%, and VND600 million... 

Securities enterprises predicted that liquidity on the local markets would not improve this week as investors would stay on the sidelines again given poor business results in the second quarter of many listed firms. With two rising and three losing sessions, the southern stock market ended last week at 414.74 points on the VN-Index, falling 15.58 points, or 3.62%, from a week earlier. The market’s... 

The amount of capital that companies raised via the stock market in the year’s first half was trivial and barely increased from the year-earlier period due to the gloomy economic outlook. Only eight companies sought to auction shares on the southern exchange in the January-June period, offering 145.9 million shares but selling only 32 million shares worth VND396 billion, according to the Hochiminh... 

The trend on the nation’s stock markets this week will greatly depend on signals sent by Government and central bank policies, rather than the second-quarter earnings reports of listed companies, market insiders say. Late last week, the Government adjusted its inflation forecast for the year to 17-18 per cent – the second time it has raised its prediction since the beginning of the year. As... 

Sacombank suddenly rallied Friday surprising investors amid continuing lackluster stock market. The stock (STB) hit the ceiling to VND12,600 without any supportive news, also outperforming the market with 2.8 million shares changing hands. The banking shares mainly ended flat in past sessions and traded at modest volumes. Vietinbank (CTG) shed, Eximbank (EIB) was unchanged and Vietcombank (VCB) slightly...