NEW YORK — The rally that carried Wall Street to new highs this year may also propel the brokerage industry into a period of takeovers and consolidation. Stock trading surged the past few months as investors piled into the advance that lifted the Dow Jones industrials and Standard & Poor’s 500 index to new highs. But that meant competition among brokerages increased as well, raising concerns
Vietnam passes law for hot securities trade
HANOI, June 23 (Reuters) - Vietnam will try to curb rampant trade in risky, unlisted shares through a new securities law that will next year create a legal framework for the country's fast-growing stock market, Asia's best performer this year.
The following companies showed unusually heavy volume in Monday trading on the New York Stock Exchage around midday. Higher-than-normal volume can indicate increased activity by institutions such as mutual funds and insurance companies.
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