Gold Rush: Ring Sales Soar as Prices Jump 100,000 VND per Tael
Out of breath at the end of the session, VN-Index still increased 4 points; For the first time, Ho Chi Minh City organized the campaign “Super LIVE Vietnamese goods” on TikToK
– Gold price: Purchased gold rings increased by 100,000 VND/tael
Gold prices on September 26 in the country had an adjustment in gold rings. Accordingly, PNJ gold rings increased by 100,000 VND/tael on the buying side and 50,000 VND/tael on the selling side.
At 1:45 p.m. on September 26, Saigon Jewelry Company (SJC) announced the selling price of SJC gold bars at 81.5 – 83.5 million VND/tael (buy – sell). , keeping the listed price unchanged in both buying and selling directions compared to the closing session on September 25.
Similarly, DOJI Jewelry Group listed the price of SJC gold bars at 81.5 – 83.5 million VND/tael (buying – selling), keeping the listed price unchanged in both buying and selling directions. sold compared to the closing session on September 25. Phu Quy SJC traded stably, with a price of 81.5 – 83.5 million VND/tael (buy – sell).
PNJ brand gold ring price is trading at 82 – 83 million VND/tael (buying – selling), increasing 100,000 VND/tael on the buying side and 50,000 VND/tael on the selling side.
While the domestic gold price on September 26 was relatively stable, the world gold price had strong fluctuations in the context of escalating tensions in the Middle East. Spot gold price increased 0.2%, to 2,662 USD/ounce at 0:50 on September 26 (Hanoi time), after hitting a record high of 2,670.43 USD/ounce on the same day. US gold futures prices closed up 0.3%, to 2,684.7 USD/ounce.
According to analysts, the US Federal Reserve (Fed) lowered interest rates by 0.5 percentage points last week and is expected to continue to lower interest rates by 0.5 percentage points next November. Increase the attractiveness of gold.
– Exemption and reduction of loan interest, restructuring of debt repayment period for customers damaged by storm No. 3
The Governor of the State Bank issued a directive with a series of solutions for the banking industry to waive and reduce loan interest rates, restructure debt repayment terms, maintain the same debt group, and continue lending to customers damaged by digital storms. 3.
The Governor of the State Bank has just signed Directive No. 04/CT-NHNN on solutions to support people and businesses facing difficulties due to the impact of storm No. 3. These are solutions from the banking industry to Implementing Resolution No. 143/NQ-CP of the Government dated September 17 on overcoming the consequences of storm No. 3.
Accordingly, in terms of state management, specialized units of the State Bank need to proactively research the impacts and effects of storm No. 3 on the management of monetary policy, especially limits. credit, capital and liquidity needs for the economy in general and commercial banks in particular to have appropriate operating solutions.
For credit institutions, urgently direct branches and transaction offices in 26 provinces and cities affected by the storm to promptly deploy with the highest responsibility and urgency solutions to support difficulties. Difficulties for borrowers affected by storm No. 3 –
As for credit institutions, it is necessary to advise the Governor to report to competent authorities to freeze debt for customers who have suffered heavy losses in loan capital and assets formed from loan capital as a result of the storm. Floods occur on a wide scale.
The Governor of the State Bank also requested associations in the banking industry to continue promoting their role in connecting credit institutions. Create consensus and unity among member banks in implementing solutions to restructure debt repayment periods and new loans to remove difficulties for borrowers affected by Storm No. 3.
For credit institutions, it is necessary to urgently direct branches and transaction offices in 26 provinces and cities affected by the storm to promptly deploy with the highest responsibility and urgency solutions to support difficulties. difficulties for borrowers affected by storm No. 3.
Immediate solutions are to exempt and reduce loan interest rates for customers according to current law, restructure debt repayment terms, maintain the same debt group, freeze debt, and provide new loans to customers subject to regulations.
– Nam Long was fined more than half a billion VND due to a series of information disclosure violations
On September 23, the State Securities Commission decided to sanction administrative violations in the field of securities and stock market against Nam Long Investment Joint Stock Company (HoSE: NLG) with a total amount of 505 million VND.
First, NLG was fined with a warning for not promulgating regulations on information disclosure.
Second, NLG was also fined 100 million VND for not disclosing information according to legal regulations.
Third, NLG was fined 65 million VND for disclosing incomplete information according to legal regulations.
Fourth, NLG was fined 137.5 million VND for violating regulations on transactions with shareholders, business managers and related persons of these subjects.
Fifth, NLG was fined 137.5 million VND for not signing a written contract when conducting transactions with related persons.
Next, NLG was fined 65 million VND for not disclosing reports on capital use and proceeds from the offering or issuance to implement projects that have been audited by an approved auditing organization. at the annual General Meeting of Shareholders or do not explain in detail the use of capital or proceeds from the offering or issuance to implement the project in the annual financial statements that have been confirmed by audit.
– Out of breath at the end of the session, VN-Index still increased 4 points
The market on September 26 maintained the excitement from yesterday’s session (September 25) and opened in the green. However, a struggle soon appeared when the blue-chips group recorded a divergence with some large-cap stocks decreasing slightly, thereby somewhat restraining the score of the VN Index.
The highlight of the morning session belonged to foreign investors with net buying value according to statistics being impressively high after a long series of net selling since February this year. The gain range of VN-Index suddenly widened thanks to strong demand towards the banking group with some stocks recording impressive increases such as TPB, HDB, TCB. Near the end of the session, profit-taking pressure increased, causing the market to shake and slide, but still maintained the green color at the end of the session. Foreign investors were net buyers with a total net value of 969.09 billion, focusing on buying TPB, DXG, and HDB. At the end of the session, VN-Index closed at 1,291.49 points, up 4.01 points, equivalent to 0.31%.
Technical analysis, Vietnam Bank for Foreign Trade Securities Joint Stock Company (VCBS) said that the VN-Index ended the session with an Inverted hammer candlestick due to a sharp increase in selling pressure at the end of the session, showing the caution of investors when the market The school approaches the 1,300 point area. On the daily chart, the general index is at its old peak of 1,290 points, so fluctuations and fluctuations are normal. The two indicators RSI and MACD are still pointing up but have not shown signs of forming a second peak. However, the market is approaching the 1303 mark, equivalent to the Fibonacci extension of 0.618, so fluctuations with larger amplitudes need to be considered. take into account.
On the hourly chart, the two lines -DI and +DI are both in the high zone, showing that the uptrend is likely to weaken, and the RSI is pointing down from the high zone after creating many small peaks, showing pressure. Increased selling in the overbought zone. However, the two indicators RSI and MACD currently do not have negative divergence signals, so the market situation is not too worrying.
Regarding trading strategies, VCBS recommends that investors should not chase at high price ranges, especially for stocks that are at their peak and show signs of strong selling, or have not yet successfully overcome resistance. Besides, continue to maintain stocks that recorded good increasing momentum with strong cash inflow and maintained the trend of banking and real estate groups. In addition, investors can take advantage of fluctuations during the session to partially disburse funds in some industry groups such as oil and gas and public investment.
– For the first time, Ho Chi Minh City organized the campaign “Super LIVE Vietnamese goods” on TikToK
Ho Chi Minh City organized the campaign “Super LIVE Vietnamese goods” on TikTok with the leadership of 19 content creators. This is information given at the opening ceremony of the Conference on Connecting Supply and Demand between Ho Chi Minh City and provinces and cities in 2024 with the theme “Connecting Responsibility – Towards a Green Supply Chain” held on the morning of September 26 .
Speaking at the conference, Mr. Vo Van Hoan, Vice Chairman of Ho Chi Minh City People’s Committee, said that to build a safe and sustainable supply chain from farming, harvesting, preliminary processing, storage and processing… the program does not not only stops the connection between buyers and sellers but also connects responsibility.
According to the Department of Industry and Trade of Ho Chi Minh City, this year’s conference has many practical connection activities, such as: Preliminary Conference on the Goods Quality Control Cooperation Program; Direct B2B connection activities between 13 leading retail groups in Vietnam, 4 e-commerce platforms, wholesale markets and businesses.
In particular, this is the first time within the framework of the conference connecting supply and demand, Melive Network organized the campaign “Super LIVE Vietnamese goods” on the TikTok platform, with a total of 19 livestream sessions led by 19 content creators. content.