Stock market Tin tức

Whenever the Vietnam’s benchmark Vn-Index crashes, it recovers quickly right at the likely bottom of 900 points.

Ho Chi Minh City Securities Corporation (HoSE: HCM), reported VND127 billion ($5.4 million) after-tax profit in fourth quarter last year, a growth of 76.5% against the same period of 2018.

Vietnam’s stock market capitalization expanded to VND4,384 trillion ($189.2 billion) by December last year, up 11 percent against end of 2018, according to the State Securities Commission.

Recent merger deal between two Vietnamese conglomerates Vingroup and Masan could boost value of Masan MEATLife to over $1 billion upon exchange listing.

A recent retreat in Vietnamese stocks has brought the market’s valuation back below its five-year average. While that’s the cheapest level in a year, tapping this opportunity is easier said than done.

For the time being, the government would redefine functions and responsibilities of each stock exchange, ensure no overlapping in operations.

About 832 businesses, most of listed companies on the Vietnamese stock market, generated profits of $3.16 billion profit during the previous quarter, up 22.8 percent from a year earlier.

Thị trường chứng khoán Việt Nam từng gây ra sự bức bối cho nhà đầu tư, một nền kinh tế mạnh nhưng khả năng đầu tư thấp.