TIC: Tay Nguyen Electricity Investment Jsc

Tay Nguyen Electricity Investment Jsc

Tay Nguyen Electricity Investment Jsc News:

• VN-Index Plunges on higher Volume
  Vietnamese stocks continued to tumble on August 25 on massive selling as investors fears the market went further into bear market after losing over 20%. Liquidity however rose sharply on bottom catching efforts.
• Vietnam Trade Deficit Hits $8Bln Year to Date
  This is the third time this year the figure has been brought lower than the target 20% of the export revenue set by the National Assembly. In Jan-August, Vietnam exported $44.52 billion worth of goods, up 19.7% from a year ago while the country spent $52.68 billion to import goods, up 24.4% on year.
• HNX-Index Plunges Seventh Day on Investors Desperation
  There is no supporting news to redirect the market while negative information continues to be released, a stock analyst said. Vietnam suffered a trade gap of $8.15 billion in the first eight months of this yea, equal to 18.3% of export revenues - the first time to stand below 20% this year, the Government Statistics Office said.
• VN-Index Plunges to 13-Month Low on Sell-out Force
  There is no ground to convince investors to keep their risk assets amid mountains of bad news, traders said. Steep global slumps continued to weigh on the local investor sentiment while domestic headlines discouraged investors to increase their holdings. The VN-Index, the measure of 253 stocks and five closed-end funds, lost 10.53 points, or 2.42%, to end at 423.89, the
• Vietnams Stocks Fall, Entering Bear Market on Policy Concerns
  The Ho Chi Minh City Stock Exchanges VN Index slumped 3% to 434.42 at the 11 a.m. local-time close, extending its decline from this years high on May 6 to more than 20%, which analysts define as a bear market.
• CPI Up 0.23% in August Led by Education, Food
  On aggregate, the CPI was up 8.18% over the same period last year and 8.61% in comparison with the first eight months of last year. Most commodities groups rose slightly, ranging from a low of 0.1 to a high of 0.6%. Education saw the highest increase of 1.29%, while the only decrease was experienced by post and telecoms at 4.55%.
• Firms Buy Back Shares at Deflated Prices
  Three other companies have also declared their intent to buy back 2 million shares each, including Tan Dai Hung Plastics Co (TPC), Pha Lai Thermal Power Co (PPC) and Transport Engineering Construction and Business Investment Co 584 (NTB).
• IFC grants loan to Thien Viet Securities Co
  The International Finance Corporation (IFC), the World Banks private-sector funding arm, will provide Thien Viet Securities with a $5 million loan to help the local firm develop investment banking services for small- and medium-sized enterprises in Vietnam.
• Vietnam Stock Market Tips: Banking Sector Still Key Factor to Watch
  The benchmark VNIndex last week gained 2.11 points (0.47%) to close at 454.84 point, with 108 gainers, 108 decliners and 20 unchanged. Caution is still felt in the market and the banking sector is still the key factor to watch though it is now attractive for longterm investors to pick up some liquid and strong fundamental stocks.
• VN-Index Likely to Rebound to 550 Late Sept
  The strong gains will be supported by the governments efforts to boost money supply and credits to the economy by the end of this quarter, speed up state budget-funded projects, Hien said, expecting cash inflows into shares may also be stronger.

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