Stock Market

This information comes from the former Chairman of the FLC Group and the sole founding shareholder of Bamboo Airways, as revealed during the ongoing preliminary hearing.

The steel company, which previously reported robust profits for the first quarter of 2024, breaking a streak of consecutive losses, has now slipped back into the red. Despite the positive turn earlier in the year, the company incurred substantial losses amounting to hundreds of billions in the second quarter.

According to experts, the question is not whether the VN-Index will recover, but rather, it's about choosing the right stocks for the upcoming six months.

In a buoyant market rebound, foreign transactions stood out as a highlight, with a net buy of nearly VND 366 billion across all three exchanges.

Facing charges of masterminding a scheme, Mr. Trinh Van Quyet is facing a proposed sentence of 25 to 26 years in prison for two crimes: "Fraudulent Appropriation of Property and Manipulation of the Securities Market." This proposal has been put forward by the Hanoi People's Procuracy and has caught the attention of the public and the business community.

The VN-Index is witnessing a fierce tug-of-war at the 1,245-point level, according to BSC. In the upcoming sessions, the index is likely to continue facing volatility as it trades at this resistance level.

The proprietary trading arms of securities companies offloaded a combined net sell value of VND110 billion ($4.7 million) across the board on Thursday.

The net buying value accumulated by foreign investors in the Vietnamese stock market reached an impressive peak of nearly VND 140,000 billion in late 2019. However, this achievement was short-lived as a reversal in trends from 2020 onwards swiftly erased these gains.

As per the audited consolidated financial statements for 2023, Hoa Binh Construction Group's undistributed post-tax profits as of December 31, 2023, stood at VND 3,240 billion in deficit. This amount exceeds the company's actual contributed charter capital of VND 2,741 billion, which falls under the mandatory delisting scenario as per regulations.

Despite the downward market adjustment, QCG stock of Quoc Cuong Gia Lai enjoyed its second consecutive ceiling increase; however, the liquidity of this stock code was only one-tenth of the previous session.