Thang Long Securities Co is proving to be something of a giant-killer in gaining market share from more heavily capitalised brokerages. In a report on first-quarter brokerage market share issued on Wednesday by the Ha Noi Stock Exchange, Thang Long Securities outperformed 104 competitors to seize the leading market share, accounting for 11.94 per cent [...]
Investors flocked to penny stocks on the HCM City Stock Exchange yesterday, April 8, allowing the VN-Index to eke out another tiny gain of 0.02 per cent, ending the session at 515.93 points. Although trading volume rose by 10 per cent from Wednesday’s session to 55 million shares, the value of the day’s trades declined [...]
The Vietnam Securities Depository Agency said Thursday it has issued licenses to 28 new foreign institutional investors in March to trade local stocks, raising the total number to 1,250. During the period, 91 foreign individuals also received permission to enter the local stock market, increasing the total number to 12,645, the VSD said on its [...]
Vietnam Post (VNPost) will sell Vietnam Postal Savings Service Co (VPSC) to Lien Viet Bank as capital contribution. “Then VNPost will own 18 percent of stake at Lien Viet Bank,†said the bank’s spokeswoman Tran Thi Mai Anh. “The merge is expected to be done by the end of June.†The deal received approval at [...]
Domestic investors say that they now have to keep wary of reports and forecasts released by foreign institutions, after they tasted losses because of these predictions. The State Bank of Vietnam (SBV) recently requested foreign bank branches in Vietnam to stop providing information relating to the global economic crisis. Though the bank did not cite [...]
Though Thang Long Securities Company (TSC) still heads the list of the top 10 companies with the largest stock brokerage market shares, rankings for the first quarter of 2010 shows considerable changes. TSC has fortified its leading position by raising its market share of 9.13 percent in 2009 to 9.37 percent in the first quarter [...]
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