•   Info@gbs.com.vn
  •   Call Us: (+84-28) 3500 2828


Our News

The VNIndex broke through the 430 level and quickly rose 8.65 points to hit the intraday high of 434 but retreated to 431.03, up 5.61 points or 1.32% while the HNXIndex climb back above the 74 level to close at 74.31, up 1.3 points or 1.78%. Market breath turned very positive as advancers outnumbered laggards almost fourfold 183:47 on the HSX. Investors on the HNX were even more bullish pushing half of the 225 advancers on the Northern bourse to limit-up prices while 59 stocks hit ceiling on the Southern bourse.

SBV looks to stabilise forex market with lower foreign currency position limits.

The midweek session ended with the HSX up 2,29 points (+0,53%) to close at 434,6 points while the HNX was up marginally by 0,14 points (+0,19%) to close at 74,85 points. On the HOSE, a total of 25,8 million shares worth VND465,5 billion were traded of which VND178 billion was matched in the put-through session. The number of shares traded was approximately 27% lower than the month-to-date average volume of 35,4 million shares. At the session end, close to 5 million bid shares were left unmatched.

Despite losing ground for most of the trading session, both markets succeeded in bouncing back before closing. The VNIndex closed up 0.13 points (0.03%) to 425.42 points, although laggards outnumbered gainers 115:83.

Investors wait and see, as the market drift sideways, whether there will be any forced selling from the June 30th banking sector deadline. After dropping 0.2 points at the open, the VNIndex managed to slightly gain above the 435 level but failed to keep the rise due to higher selling pressure. The index lost 1.94 points (-0.45%) to close at 432.31 points. Market breath turned to negative as laggards outstripped advancers with 135:74 and 82 unchanged. Market mechanisms remain intact as the vast majority of stocks are trading within the band. VNM (-2.65%), CTG (-2.5%) and HAG (-1%) together removed 1.4 points from VNIndex while MSN was the main contributor with 0.47 points.

GBS - The index opened slightly up but slowly lost ground toward the end of the session. The last trading day of the month saw both indices end slightly in the red with the VNIndex down 2.06 points (-0.47%), closing at 432.54 while the HNX lost 0.48 points (-0.6%) to close at 74.4.

Vinamilk increased its foreign room today as planned, however, only 6.5 million shares were available this morning rather than the 6.98 million shares as per HOSE and VSD websites last week. We don't know exactly why. In the first second of trading, about 6.3 million shares were matched between locals and foreigners, with only 200k shares available for ATO orders. The bulk of the shares were matched rather evenly by VCSC, HSC and SSI.

GBS is one of the best business law firms in Vietnam with a network South East Asia, Middle East, Japan, HongKong, Malta and Poland.

Twitter Feed

First time foreign investors can either create a company or sign a Business Cooperation Contract with a... https://t.co/sC1jieL7ad
DICA warmly invites responsible investors to pursue business opportunities that help grow and shape the “New... https://t.co/t2Ty6oAWiC
Do you know where the phone is? https://t.co/FcUEJcRRpw
Follow GBS on Twitter

Contact Info

GBS Co., Ltd
8th Floor , Trade Centre Building, 135A Pasteur Str, Ward 6, Dist. 3, Ho Chi Minh City, Vietnam

Hotline | Whatsapp | Viber | iMessage: (+84) 903189033

This email address is being protected from spambots. You need JavaScript enabled to view it.

(+84 - 28) 3500 2828


8.00 am to 5.00 pm