Stocks rebound, but does investor sentiment? (31-10-2007) Investors exchange information at Saigon Securites Inc. The VN-Index rallied 0.52 per cent to reach 1,069.78 points yesterday. — VNS Photo Truong Vi HA NOI — Stock prices rebounded yesterday, though fears continue to infect the market over a prolonged downtrend over the next week. The VN-Index increased 0.52 per cent to 1,069.78 points. Turnover fell to 11.5 million shares worth VND1.4 trillion (US$87.5 million). In the latest report from Thang Long Securities, analysts said the market is growing bearish with little positive news to improve investor sentiment at this time. As a result, stock prices may see downward pressure for much of the week with short spurts of bargain hunting. The report also cited several negative factors influencing investors, including controversy over Vietcombank’s IPO, rising gold and real estate prices, stronger than expected inflation data, and gloomy outlooks on … [Read more...] about Stocks rebound, but does investor sentiment?
Market sentiment today
Stock market plays wait-and-see (15-03-2008) Investors watch the electronic board at ACB Securities. Investors were trading moderately yesterday, waiting for a clearer trend, despite recent Government moves to boost the market. — VNA/VNS Photo Tran Viet HA NOI — The stock market has spent the last couple of days treading water, with yesterday’s session reversing the modest gains of the day before. The VN-Index slid 0.59 per cent on the last trading day of the week, closing at 643.8, returning to almost the exact point at which it ended the day on Wednesday. Turnover in yesterday’s session was off Thursday’s pace, at VND692.7 billion (US$43.8 million) on a volume of 10.6 million shares. More than 100 stocks were losers on the day while only 28 gained. Dinh Anh Kim, an analyst with APEC Securities Co, said that investment in the market by the State Capital Investment Corporation (SCIC) has helped stabilise investor sentiment but that the market … [Read more...] about Stock market plays wait-and-see
Ailing stock market shows signs of recovery (12-06-2008) HA NOI — After a succession of days in decline, the stock market finally showed some signs of recovery, as many shares hit the ceiling and the HASTC-Index reversed its direction. On the HCM City Stock Exchange, the VN-Index continued its downward trend, sliding 2.55 points on the day, or 0.68 per cent, to close at 370.45. Trading volume totalled 11.4 million shares and fund certificates, while value traded reached VND302.94 billion (US$18.9 million), both around seven times those of Tuesday’s figures and between eight and 10 times those of previous sluggish sessions. The exchange had 79 gainers, half of the total number of codes listed. Many hit the ceiling but most were penny stocks, with prices of less than VND20,000 ($1.25). Major stocks, including Sacombank (STB), Phu My Fertilisers (DPM), Vinamilk (VNM), Refrigeration Electrical Engineering Corporation (REE), Saigon Securities Inc (SSI) and FPT saw further … [Read more...] about Ailing stock market shows signs of recovery
Local markets rally on global rate cuts (03-11-2008) An investor watches a trading board at SME Securities as the VN-Index gains 4.94 points on the week to close at 347.05. — VNS Photo Truong Vi HA NOI — Positive economic measures on both the global and domestic fronts helped give a boost to stock indices over the course of last week. The VN-Index increased a modest 4.94 points over the previous week, or 1.44 per cent, to close at 347.05. Liquidity significantly improved over last week, as trading volume on the HCM City Stock Exchange reached nearly 84 million shares for a total turnover of VND1.93 trillion (US$114.88 million). Many investors had expected the VN-Index to hit rock-bottom at 300, but the index stopped its downward slide at 322.8 and rebounded on Wednesday, in line with mid-week stock market rallies around the world. "The most interesting news to investors last week was that the US Federal Reserve cut interest rates by half-a-percentage point to 1 per … [Read more...] about Local markets rally on global rate cuts
HA NOI (VNS) — National stocks rallied during yesterday's session after declining to the attractive price level. On the HCM City Stock Exchange, the VN-Index gained 1.94 per cent to 471.09 points. Gainers outnumbered losers by 181-55. However, trading was sluggish, reaching only VND487.7 billion (US$23.2 million) – a drop of 37.4 per cent over the previous day – on a volume of nearly 35.6 million shares. The VN30, composed of the city's leading shares, also rose 2 per cent to 539.08 points. Investors sentiment on these large-cap stocks improved with only PetroVietnam Low Pressure Gas Distribution Co (PGD) retreating. Meanwhile, insurer Bao Viet (BVH), steelmaker Hoa Sen (HSG), financial firm Ocean Group (OGC) and PetroVietnam Drilling Services (PVD) hit their ceiling prices. Prices increased as sellers halted their activities. However, there were not many positive signals, while market liquidity significantly declined compared to the previous sessions. In addition, … [Read more...] about National stock markets rally, as analysts keep eyes on liquidity