As stock inventors around the globe have a saying: sell in May and go away, the Vietnamese stock markets on Monday suffered the most dramatic drop in a single day during the first trading session of the month
The headquarters of the unified stock exchange will be in the capital city, according to a Ministry of Finance proposal
Currently, the price of oil is at the center of the world economy’s attention, as oil price tends to fall to a new bottom, leaving many economies severely affected.
The VN-Index lost more than 16 points because the prices of many oil and gas stocks fell en masse
It is equal to roughly 32 percent of the national gross domestic product
The local stock market was in the red on Thursday as local investors sold their stocks en masse while foreign investors tried to buy any stock sold, even at high prices
The index rose as investment funds were pushing up prices of large-cap stocks to increase the value of their net assets before the closing of their financial statements on Dec. 31
The VN-Index saw the biggest drop in two months on the day that stock markets worldwide plummeting on the news of a possible military intervention of the US and its Western allies in Syria
The more the Vietnamese stock market opens to foreign investors, the more it is vulnerable to harmful world trends. But this is good in the long run, as local investors and regulators will learn how to survive in the world market