1. Financial market News
Non-blue chips pull VN-Index back into the green
The VN-Index edged up 0.06 percent to 938.29 points Friday, with gains in small caps offsetting blue chips that were dragging the market down. The Ho Chi Minh Stock Exchange (HoSE), on which the VN-Index is based, saw 170 stocks gain and 226 lose despite closing in the green. Total trading volume was at its lowest point in over a month at VND5.36 trillion ($231.68 million). Liquidity was consistently at around VND8-9 trillion last month, its highest levels in over a year as the VN-Index experienced six weeks of near straight gains. 52 percent of Friday's trading was directed towards stocks outside the VN30, a basket of the HoSE’s 30 largest caps. The gains of non-blue chips were able to offset losses on the VN30. The VN30-Index itself shed 0.08 percent this session, 12 stocks losing and 9 gaining.
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2. Banking news
Korean capital may flow into Vietnamese banks
Not only vigorously investing capital in Vietnam through securities companies, but Korean capital would continue to seek investment opportunities in Vietnamese banks, stemming from internal problems in the Korean banking industry. Kim Tae Hee, Head of Treasury and Global Business at Shinhan Bank Vietnam, shared his opinion.
3. International finance News
Dow futures rise 300 points after Biden wins presidency as post-election rally continues
Stocks were set to continue their big post-election rally as futures rose in overnight trading on Sunday. The gains came as Democrat Joe Biden defeated incumbent Donald Trump in the U.S. presidential race to become president elect, according to NBC projections.
Detailed information here.