VNZ, first stock in Vietnam, hits million-dong price
Debuted on February 1, VNG Corporation has seen its market price gain as much as 200%.
Debuted on February 1, VNG Corporation has seen its market price gain as much as 200%.
The national flag carrier is expected to hold an Extraordinary General Meeting of Shareholders on November 30 in Hanoi.
The move raises Vietnam Airlines’ registered capital to nearly $1 billion that will help improve its dire financial situation during the pandemic.
The move, if realized, would be welcome news for investors, especially those with limited financial capabilities, to buy stocks in small quantities.
Compared to the same period of last year, liquidity surged a whooping of 291.04% in transaction volume and 334% in value.
Analysts at MB Securities and Yuanta Securities reckoned Wednesday’s rally is a short-termed rebound.
The positive signal during today’s trade was even the appearance of bottom-fishing demand that helped the VN-Index rebound from its intraday low
Good liquidity accompanied steep losses in recent days, and steep falls in the market prompted buying.
If the psychological thresholds of 890-900 of the VN-Index are not breached, the market may recover in the short term.
More than half of the overseas inflow came via ETFs.