Stock market

Last year, the Vietnamese stock market capitalization was VND3,500 trillion (US$154 billion) increasing 80.5 percent over 2016 and accounting for 70.2 percent GDP in 2017. According to the Ministry of Finance, in February this year the VN-Index increased 13.9 percent over the end of 2017, exceeding 1,121 points. The market liquidity also strongly hiked. Since early this year to February, total transaction value averaged over VND19.5 trillion a session, up 38 percent over 2017. Of these, stake transaction value topped VND9 trillion a session, raising 79 percent compared to the average growth rate last year. After topping ten year high to reach 1,130 points on the previous session, the VN-Index continued increasing 4.78 points to 1,138.09 points on March 14 with 147 stocks gaining, 142 declining and 66 unchanged. Closing the morning session in Hanoi, the HNX-Index was up 0.77 point to 130.43 points with 90 stocks up, 83 down and 212 trading water. Total market transaction value neared … [Read more...] about Stock market capitalization equivalent to 79.3 percent GDP

After a long holiday, Vietnam’s stock market has seen sharp declines in the first trading sessions of May. Of which, in the trading session on May 6, the VN-Index lost nearly 17 points, or nearly 2 percent. In this trading session, statistics showed that on the Ho Chi Minh City Stock Exchange (HOSE) alone, market capitalization suffered a loss of nearly VND70 trillion (US$3 billion). In the next two trading sessions, although the benchmark just slightly slid, experts said that the market would be unlikely to recover as there is no group of stocks able to lead the market during this sensitive period. According to Rong Viet Securities Company (VDSC), shareholders’ meetings have passed with several pessimistic signals. Most firms set their business plans lower than growth rate of 2017-2018. Low liquidity in recent months showed that investors seemed to neglect with the market at this moment. Tension on the trade war between the US and China remained the main risk of the … [Read more...] about Stock market in May: more challenges await

MUMBAI: Two Indian renewable energy firms are set to unveil stock market listing plans in the coming weeks, giving investors a new way to gain exposure to the sector at a time when India is pushing to make renewable power a bigger part of its energy mix. Adani Green Energy, a subsidiary of Indian trading firm Adani Enterprises Ltd, is expected to be spun out and listed on Indian stock exchanges within the next two weeks, said two bankers familiar with the company's plans. Separately, ReNew, India's biggest company in terms of renewable energy assets, is expected to file papers with Indian regulators for an initial public offering as early as next week, the two bankers said. The two companies will be the first new pure-play renewable energy firms to come to list in India, since wind energy firm Orient Green Power's listing eight years ago. The sector has in recent years drawn significant interest from large global sovereign funds and private equity firms including Warbug Pincus, Abu … [Read more...] about Indian green energy firms eye stock market listings: S​​ources

LAHORE - Bears were defeated in Tuesday’s trading session at the Pakistan Stock Exchange despite tension in the political environment as the market witnessed major recovery. Stock market opened positive and touched a high of +1,022 points as institutional participation was witnessed mainly in the main board stocks. Market remained positive throughout the day and closed at 42,745 points after gaining 1,096 points. Positive sentiments in the market can be attributed to attractive valuations of the KSE 100-index stocks. Overall, volumes stood at 141m shares, while value traded stood at $62m. Buying was largely driven by value hunters with commercial banks heavyweights HBL (+1.99%), UBL (+2.21%), ABL (+2.47%) and MCB (+1.22%) leading the charts. E&P sector closed higher (+2.4%) than its previous day’s close as crude oil prices edged higher, staying near their strongest levels in three-and-a-half-years. POL (+5%) closed at its upper circuit and OGDC (+1.42%) and PPL … [Read more...] about Stock market witnesses 1,096-point recovery

May 29, 2018 By MCJAtlanta Leave a Comment A powerhouse in a pint-size package delivers THE TRUTH about trading stocks Charlotte, NC (BlackNews.com) — Barely standing 5 feet tall, 11-year old day trader, Christon “The Truth” Jones is on a mission to help 1,000 people become successful. And he does it one stock at a time. Yes! He’s a day trader on the U.S. Stock Market, and the CEO of Return On Investment, LLC. At the age of 8, Truth faced off with his own bullies and penned his first book, The Win Within, to help other kids. He made $5,000 in 90 days by peddling his book door to door. A bestselling author by the age of 10, Truth’s investor students of his Truth Success Series, an online mastermind course, include adults who want to soak up his wisdom. His success has garnered him both national and international attention. For example, residing in Germany with his military mom, Truth is on his way to Charlotte, NC on June 8, 2018 to … [Read more...] about 11-Year Old Black Kid Trading on Stock Market Nominated For Black Enterprise Award