1. FLC, related stocks plummet after regulator’s fine for disclosure violations
The stocks of real estate developer FLC and related companies hit the floor Monday morning after the company was fined for flouting disclosure regulations. As of 11:11 a.m. over four million shares had been traded at VND13,600 ($0.59). It is now down nearly 40 percent from its historic peak on January 7.
https://e.vnexpress.net/news/companies/flc-related-stocks-plummet-after-regulators-fine-for-disclosure-violations-4444251.html
2. Foreign investors turn buyers after 4 weeks
Foreign investors bought nearly VND2.5 trillion ($109.32 million) worth of shares in Vietnam last week after four weeks of selling. Their top purchases included Duc Giang Chemicals Group (DGC), Sacombank (STB), electrical equipment maker Gelex Group (GEX), conglomerate Masan Group (MSN).
An investor looks at stock prices on a laptop at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
https://e.vnexpress.net/news/economy/foreign-investors-turn-buyers-after-4-weeks-4444206.html
3. VN-Index slides as speculative stocks bottom
Vietnam’s benchmark VN-Index plunged 1.02 percent to 1,483.18 points Monday, its biggest drop in 10 sessions, as many speculative stocks hit the floor. The index started off in the red and gradually declined throughout the day before closing over 15 points lower.
https://e.vnexpress.net/news/economy/vn-index-slides-as-speculative-stocks-bottom-4442570.html
4. Vietnam faces electricity shortages from April
Vietnam may face a power shortage from April due to tight coal supplies, Vietnam Electricity (EVN) reported. Some thermal power plants are operating at 60-70 percent capacity, which has led to a decline in electricity supply as high-demand season nears.
Cranes and trucks are seen at a coal mine of Vinacomin. Photo courtesy of Vinacomin
https://e.vnexpress.net/news/economy/vietnam-faces-electricity-shortages-from-april-4445751.html