Power Engineering Joint Stock Company

Power Engineering Joint Stock Company

Power Engineering Joint Stock Company 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.
• 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%.
• Construction materials: demands decline but price increases
  The demand for construction materials has declined by 20-30 percent. In fact, there were many construction sites that halted the construction works because of rainy season. However, the prices of construction materials such as steel, cement have increased.
• VN-Index Rebounds on Late Buying
  Aggressive bid at the ATC (at the close) session lifted the market from the negative territory after investors heard that the Prime Minister told the central bank to make necessary amendments to the Circular 13 which were opposed by many commercial banks, a stock expert said. "The circular is one of key factors that squeeze the market liquidity," he added.
• 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.
• Vietnam Stock Market Tips: chances for value investors
  Though the market might test its recent lows, market provides chances for value investors to enter. The benchmark VNIndex dropped 8.03 points (-1.73%) to close at 455.49 as the market reacted to the dong devaluation move. However, analysts said the impact of the move has already priced in. Though the market might test its recent lows, market provides chances for
• VN Index extended loss on August 19
  Vietnamese stocks extended loss on August 19 on concerns over high supply in the coming time and still weak liquidity. The benchmark VN Index fell 3.26 points or 0.72% to 452.23. Volume shrank to 31.55 million shares traded for VND873 billion compared to 37.46 million shares traded for VND991.53 billion on August 18.
• Vietnam devalued Vietnam Dong since November
  The dong dropped 1.1 percent to 19,320 per dollar as of 11:22 a.m. in Hanoi, after touching a record-low 19,425 as the central bank lowered the reference rate by 2 percent. The Ho Chi Minh City Stock Exchanges VN Index dropped 1.7 percent to 455.49, extending its decline from the May peak to 17 percent, near the 20 percent that
• Stocks, Bonds Could See Follow-Through Wednesday
  The Dow Tuesday jumped 103 points, or 1 percent to finish at 10,405, in its first win in six sessions. The Dow is also close to being unchanged for the year, down just 0.21 percent, a breakeven level that some traders say could draw in buyers.

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