Stock Market

The market has been cautious in recent sessions, with a significant drop in liquidity. While the downward trend appears to be slowing, a reversal signal is yet to be confirmed. Next week, the focus will be on the domestic macroeconomic situation and the final batch of corporate earnings reports, which are expected to provide the much-needed catalyst for the market.

On July 26, Ms. Pham Thi Nhung, Member of the Board of Directors and Vice President of Vietnam Prosperity Joint-Stock Commercial Bank (VPBank), announced her intention to purchase 5 million VPB shares.

During the first half of 2024, this company injected almost VND 4,000 billion into its trading securities, yet failed to provide a transparent breakdown of these investments.

The third quarter results are in, and Van Lang Technology Investment and Development JSC is reporting a loss of VND 5.3 billion after tax expenses. This marks the third consecutive quarter of losses for the company, a stark contrast to the same period last year when they turned a profit of VND 53 million.

An Binh Securities Joint Stock Company (Upcom: ABW) has announced impressive business results for the first half of 2024. The standout performances were the significant market share growth and an exceptional margin lending business.

With humble beginnings as a securities company with a modest chartered capital of only 135 billion VND, Nhat Viet Securities (VFS) has emerged as one of the fastest-growing securities firms in the past three years, boasting an impressive average growth rate of 43% per year. But what fuels this remarkable ascent?

Despite a challenging first half of the year, the company has managed to achieve 25% of its revenue target and 30% of its profit goal.

Closing the trading session on July 25, QCG shares of Quoc Cuong Gia Lai Joint Stock Company plummeted to their daily limit, reaching a new low of VND6,800 per share.

Foreign shareholders continue to increase their ownership of SBT shares of TTC Sugar Joint Stock Company (TTC AgriS, HOSE: SBT) as a strategic move in their collaboration with TTC AgriS, emphasizing their shared vision of embracing a "green" business strategy and fostering sustainable development.

The estimated amount that the Legendary Venture Fund 1 needed to fork out to acquire 60.8 million SBT shares was a staggering 800 billion VND.