Shares on September 30 fell after a nine-day rally, driven by profit-taking, while oil and gas firms suffered losses as crude prices pulled from a one-month high and after a two-day gain.
Investors watch markets move at a trading centre of MayBank Kim Eng Securities Company in HCM City (Photo: VNA)
Hanoi (VNA) – Shares on September 30 fell after a nine-day ral🔴ly, driven by profit-taking, while oil and gas firms suffered losses as crude pric⭕es pulled from a one-month high and after a two-day gain.
The benchmark VN Index on the Ho Chi Minh Stock Exchange fell 0.4 percent to close at 685.73 points, ending a nine-day rally of 5.7 percent – the longest rising streak since the beginning of the year.
The HNX Index on the Hanoi Stock Exchange inched down 0.1 percent to end at 85.00 points from a three-day increase of 2.5 percent.
Profit-taking pulled down half of the large-cap stocks in the sub-category VN30 Index, which contains the 30 largest companies by market capitalisation and trading liquidity.
Vietinbank (CTG), HCM Securities Corp (HCM), real estate firm Vingroup JSC (VIC), confectionary producer Kido group (KDC) and technology giant FPT Corp (FPT) were among the biggest decliners with decreases of between 1.2 percent and 1.5 percent.
Oil and gas companies turned from winners to losers as crude prices slipped from a two-day rise after skeptic views about whether OPEC’s first eight-year cut could have positive impact on the global glut.
US crude West Texas Intermediate (WTI) was down 0.3 percent to trade at 47.71 USD a barrel and London-based Brent crude fell nearly 1 percent to trade at 48.79 USD a barrel.
Among local oil and gas companies, PetroVietnam Gas Corp (GAS) slumped 3 percent, PetroVietnam Drilling and Well Services Corp (PVD) slid 2 percent and PetroVietnam Technical Services Corp (PVS) lost 2.8 percent.
On the day, investors traded more than 157 million shares worth 3.22 trillion VND (143.4 million USD), a decrease of 8.8 percent from the previous session’s trading value.-VNA
The benchmark VN Index managed to hit a ten-year high on late buying on September 26 after being pulled down below last week’s closing level by profit-taking.
Vietnamese shares continued to rise on September 27, driven by large-cap stocks while investor confidence in local companies was bolstered by good prospects of higher quarterly performances.
Vietnamese shares extended gains on September 28, driven by the banking sector on expectations that lower short-term deposit rates would boost lending for the economy and local businesses.
Vietnamese shares extended gains on September 29, rescued by oil and gas firms during the end of the session after oil prices rebounded strongly on OPEC’s first eight-year output reduction.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
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Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
Investors watch markets move at a trading centre of MayBank Kim Eng Securities Company in HCM City (Photo: VNA)
