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Posts Tagged ‘bull?’

Bull returns to Vietnam’s stock markets

In Uncategorized on December 16, 2010 at 10:07 am

Vietnam’s benchmark VN-Index jumped to 18-week high on December 13 as invetors rushed to buy on speculation that the rising trend would prolong.

The shares of 271 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange shot up 3.63 percent, or 17.16 points, to close at 490.22 points.


On the benchmark, 234 stocks leaped forward, 16 dropped, while 26 treaded water.


Trading volume slightly fell over the previous trading session. Around 81.97 million shares changed hands at a value of VND1.9 trillion.


Petrovietnam – Idico Long Son Industrial Park Investment Joint Stock Company (PXL) topped the list of most active shares in volume with 4.46 million shares changing hands.


Saigon Thuong Tin Commercial Bank or Sacombank (STB) chased after with 4.06 million shares, followed by Tan Tao Investment Industry Corporation (ITA).


Winners on the city bourse included Mien Trung Petroleum Construction Joint Stock Company (PXM), Construction Joint Stock Copany No 5 (SC5), and Tai Nguyen Corporation (TNT).


Food and cosmetics producer S.P.M Corporation (SPM) slashed 4.69 percent to VND61,000.


Viet Thang Aquafeed Joint Stock Company (VTF) declined for four consecutive days, erasing 4.67 percent to VND14,300.


Ca Mau Frozen Seafood Processing Import Export Corporation (CMX) adjusted 4.52 percent to VND14,800.


Meanwhile, the Hanoi’s HNX-Index rallied 4.61 percent, or 5.37 points, to close at 121.76 points. Around 53.15 million shares changed hands at VND1.07 trillion.


The UPCom-Index also added up by 0.32 points to 41.75 points this morning. A total of 577,200 shares changed hands at a value of VND5.8 billion.

Source: SGGP

Bull comes back to Vietnam’s stock markets

In Uncategorized on August 13, 2010 at 11:23 am

Movements of VN-Index on August 13. (Photo: vietstock.vn)The shares of 253 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange rebounded on August 13, thanks to rising bottom-catching demand after the Vietnam’s benchmark VN-Index sank to 440 points.

The gauge climbed 4.33 points, or 0.97 percent, to close at 452.73 points. Trading volume on the city bourse slightly fell over the previous session to nearly 46 million shares. However, trading value increased to VND1.34 trillion as the prices improved.


Of the index, 141 stocks jumped, 55 dropped, while 62 treaded water.


The order of three most active shares in volume was same as the previous day. Of which, Refrigeration Electrical Engineering Corporation (REE) took the first rank with 1.61 million shares changing hands.


It was followed by Saigon Thuong Tin Commercial Bank or Sacombank (STB), which had 1.49 million shares traded today.


From June 18 to July 27, Dragon Financial Holdings Limited, inside shareholder of Saigon Thuong Tin Commercial Bank or Sacombank (STB), registered to sell 15 million shares to restructure its investment category. However, it sold only 13.28 million shares because the prices were not as expected. Its current holdings were at 44,767,554 shares, accounting for 6.68 percent of STB’s chartered capital.


The country’s largest brokerage Saigon Securities Inc. (SSI) chased after with 1.39 million shares.


Viet Nam Golf Tourism Joint Stock Company (VNG) was the biggest gainer, advancing the daily maximum allowed limit of 5 percent to VND16,800.


From July 20 to August 15, Nguyen Minh Hai, member of the Board of Supervisors of Viet Nam Golf Tourism Joint Stock Company (VNG) sold 5,000 shares, reducing his holdings to 5,000 shares, for personal needs.


Pomina Steel Corporation (POM) capped its six-consecutive-trading-session losing streak, adding up 4.98 percent to VND31,600.


Binh Duong Trade and Development Joint Stock Company (TDC) edged up the first time in seven trading sessions. The company’s shares traded up 4.97 percent to VND33,800.


Meanwhile, construction company De Tam Joint Stock Company (DTA) collapsed 5 percent to VND22,800.


Dinh Vu Port Investment & Development Joint Stock Company (DVP) and Lilama 10 Joint Stock Company (L10) both gave up 4.99 percent to VND34,300.


Tran Van Tien, deputy general director of Lilama 10 Joint Stock Company (L10), registered to sell 27,000 shares between August 12 and October 12, sending his holdings to 112 shares, for personal needs.


Cuong Thuan Investment Corporation (CTI) sank 4.94 percent to VND40,400. The company announced that it would use the domain name cuongthuan.vn instead of cuongthuan.com.


The Hanoi’s HNX-Index finished at 134.97 points, rising 2.94 points, or 2.23 percent. The northern market saw 39 million shares change hands at VND963.41 billion.


The UPCoM-Index rose 0.87 points to 48.98. A total of 385,281 shares, worth VND6.41 billion, changed hands as of 11 am local time.

Source: SGGP

Bull returns to Vietnam’s stock markets

In Uncategorized on July 15, 2010 at 1:10 pm

Movement of VN-Index on July 13. (Photo:vietstock.vn)Stocks on the Ho Chi Minh Stock Exchange jumped on July 13 as investor uncertainty eased after Dragon Capital decided that it would not dissolve Vietnam Enterprise Investments Limited Fund.

VN-Index, which tracks 246 companies and four mutual funds, finished at 509.08 points, gaining 9.15 points, or 1.83 percent.


Among the index members, 203 advanced, while only 21 fell and 26 remained unchanged.


However, investors were prudent during the trading session, preventing liquidity on the market from improving. Trading volume was just around 47 million shares, approximately VND1.38 trillion.


Saigon Thuong Tin Commercial Bank or Sacombank (STB) topped the list of most active shares by volume with 2 million changing hands.


Saigon Securities Inc. (SSI) followed with 1.58 million shares. The country’s largest brokerage traded up 4.83 percent.


Petrovietnam General Services Js Corporation (PET) came in third with 1.3 million shares.


Ho Chi Minh City Securities Corporation (HCM), Thanh Cong Textile Garment Investment Trading Joint Stock Company (TCM), Seafood Joint Stock Company No4 (TS4), and An Phu Irradiation Joint – Stock Company (APC) all sprang the maximum allowed limit of 5 percent to VND48,300, VND18,900, VND39,900, and VND21,000 respectively.


Among a few losers, Vien Dong Pharmaceutical Joint Stock Company (DVD) extended its losing streak to the eighth day, losing 4.84 percent to VND118,000.


From July 14 to September 14, Nguyen Quang Minh, brother of Nguyen Thi Chinh – head of Board of Supervisors of Vien Dong Pharmaceutical Joint Stock Company (DVD), registered to sell all his holdings of 5,000 shares for personal financial need.


Ninh Hoa Sugar Joint Stock Company (NHS) gave up 4.36 percent to trade at VND37,300.


Saigon Beverages Joint Stock Company (TRI) dipped 4.3 percent to VND8,900.


At the smaller bourse in the north, gainers also outnumbered losers. Hanoi’s HNX-Index added 4.33 points, or 2.75 percent, to 161.9. Trading volume almost doubled that of previous trading session to 41.4 million shares, worth VND1.17 trillion.


The UPCoM-Index rose 3.03 points, or 5.45 percent, to 58.59 as of 11 am local time. A total of 280,815 shares changed hands at VND5.9 billion.

Source: SGGP

Bull returns to Vietnam’s stock market

In Uncategorized on April 21, 2010 at 10:50 am

The VN-Index of 224 companies and four mutual funds listed on the Ho Chi Minh Stock Exchange edged up on April 21 as investors regained their appetites for blue-chips.

Vietnam’s benchmark climbed 4.5 points, or 0.87 percent, to 519.7. Around 56.6 million shares, worth VND2.11 trillion, were changed hands.


On the city bourse, 128 stocks gained, 61 fell, and 39 remained unchanged.


620 Chau Thoi Concrete Corporation (BT6), which rose the maximum daily allowed limit of 5 percent to VND84,000, led the big gainers.


Cuu Long Pharmaceutical Joint Stock Corporation (DCL) surged by 4.96 percent to VND63,500.


Cuongthuan Investment Corporation (CTI), Chuong Duong Beverages Joint Stock Company (SCD), and Ma San Group Corporation (MSN) all added up 4.94 percent.


Vietnam Mechanization Electrification & Construction Joint Stock Company (MCG) topped the list of the most active stock in volume with 2.61 million shares.


Le Ba Lien, deputy director of the company, registered to sell 7,590 shares from April 21 to June 18, reducing his holdings to 6,325 shares, which accounts 0.037 percent of the company’s chartered capital, for personal matters.


Petrovietnam General Services Js Corporation (PET) followed with 1.87 million shares. Saigon Commercial Bank or Sacombank (STB) came next with 1.81 million shares.


H.A.I Joint Stock Company (HAI), which produces and trades fertilizers and pesticides, was the biggest loser, seeing its share value 4.89 percent down.


Other big losers included Duc Thanh Wood Processing Joint Stock Company (GDT), Cuchi Commercial and Industrial Developing Invesment Joint Stock Company (CCI), and Da Nang Contruction Building Materials and Cement Joint Stock Company (DXV).


Dinh Van Hung, chairman of the Board of Directors of Thanh Cong Textile Garment Investment Trading Joint Stock Company (TCM), registered to sell all his holdings of 100,009 shares from April 20 to June 20 for personal financial demand.


Hanoi’s HNX-Index rose by 3.92 points, or 2.25 percent, to 177.86. Trading volume reached 59.8 million shares, worth VND2.34 trillion.


The UPCoM-Index gained 0.24 points. A total of 213,089 shares was traded at VND2.93 billion.

Source: SGGP

Bull returns to Vietnam’s stock markets

In Uncategorized on April 1, 2010 at 12:39 pm

Ho Chi Minh City stocks on April 1 recovered as investors were back in a buying mood after selling off yesterday.

The index of 216 companies and four mutual funds finished at 508.18, gaining 1.79 percent, or 8.94 points. Around 53.6 million shares, worth 2.49 trillion changed hands.


Of the index, 162 shares advanced, 24 fell, and 34 were unchanged.


Hanoi-based technology company CMC Corporation (CMG), which closed up the maximum daily allowed limit of 5 percent to VND23,100, was the biggest gainer. Next were House Viet Nam Joint Stock Company (NVN), which increased 4.97 percent to VND31,700, and Truong Thanh Furniture Corporation (TTF), which moved up 4.93 percent to VND31,900.


Saigon Commercial Bank or Sacombank (STB) topped the list of the most active stocks in value as more than 2.47 million shares were traded. Saigon Security Inc. (SSI) came next with 1.74 million shares. The country’s largest brokerage added up 1.16 percent to VND43,700.


Dien Quang Joint Stock Company (DQC) followed with 1.51 million shares traded up 2.7 percent to VND57,000.


Decliners on the southern bourse were led by Sai Gon Telecommunication & Technologies Corporation (SGT), Van Phat Hung Corporation (VPH), and Techno – Agricultural Supplying Joint Stock Company (TSC).


The northern bourse also recovered as Hanoi’s HNX-Index rose 3.27 points, or 2.04 percent, to 163.82. Trading volume reached 21.8 million shares, worth VND764.4 billion.


The UPCoM-Index fell 0.33 points to close at 44.59. A total of 188,910 shares changed hands at VND2.81 billion.

Source: SGGP

Stock volatility is back, a sign of an aging bull?

In Uncategorized on November 9, 2009 at 4:52 am

Stock market volatility is back, a signal to some experts that the powerful rally that started in early March may be coming to an end.


The Dow Jones industrial average rose or fell more than 100 points in seven of the past 12 trading days, capped by a 205-point advance on Thursday that left the index almost 53 percent higher than its closing level on March 9.


The Dow‘s muted 17-point gain on Friday masked the fact that it swung nearly 108 points throughout the day after the government reported the unemployment rate rose to 10.2 percent in October.


The latest volatility surge comes after a calm stretch. Over the preceding two months, there were just eight days where the daily Dow change exceeded 100 points.


While the volatility brings back memories of last fall’s financial crisis, few analysts are predicting a huge downdraft is coming. Instead, they say it’s not uncommon to see choppy trading patterns when investors begin to fret that a bull market is running out of steam.








New York Stock Exchange.

“We’ve had a heck of a rally, and we’re at one of those inflection points, where people are trying to figure out if they should sell their winners or not,” says Scott Burns, a Morningstar Inc. analyst. “There’s all this uncertainty surrounding health care and unemployment. People are just really confused about what to do, and that is contributing to volatility.”


A closer look at what’s driving volatility:


INDICATOR WHIPLASH: Investor anticipation of an economic recovery played a large role in the stock market’s advance over the last eight months. But recent economic indicators have been sending mixed signals, leading some economists to predict a double-dip recession and others to forecast a recovery as steep as the decline.


“The market anticipated the event, the event took place, and now the market is looking for the next event,” says Bruce Bittles, chief investment strategist for Robert W. Baird & Co.


The Dow jumped 200 points on Oct. 28 after the government reported the economy grew at a 3.5 percent pace in the July-September quarter. But the stock gains were more than canceled by a 250-point slump the next day. The trigger: a consumer confidence report that showed there’s still pervasive anxiety about a recovery, particularly as unemployment continues rising.


On Thursday, investors interpreted jobless claims falling more than expected, retailers posting a second straight month of sales gains and productivity rising at an annual rate of 9.5 percent in the third quarter as all being good news.


MONEY MANAGERS: Mutual fund managers who control some $5 trillion invested in stocks often switch from buying to selling whenever rallies show signs of faltering. The goal is to lock in gains from rising stock prices.


Normally, that happens in December to dress up returns and put a positive spin on year-end results. But sometimes managers lock in gains earlier if the market is in a sustained rally. And many mutual funds close the books for their fiscal year at the end of October, motivating managers to make a move before November.


“Why not beat the Christmas rush and start taking some profits now?” says Art Hogan, chief market analyst at Jefferies & Co.


Likewise, money managers are just as likely to dive back in if they think short-term profits are there for the taking. Think of it as renting stock, not owning it for the long term.


MELTDOWN AFTERSHOCKS: Gains or losses of more than 100 points in the Dow became common late last year, and the market still hasn’t calmed to the extent you can expect a steady ride, says Bob Doll, chief investment officer at BlackRock Inc., a money management firm.


Recoveries are typically choppy, as investors zigzag before stocks eventually settle into a narrow range, he says.


Dan Deming, a trader with Stutland Equities, says many money managers are just content to wrap up the year.

“It’s a psychology that drives a big chunk of the market,” he says. “This is not a typical year, and we’ve seen huge gains. People are looking to take risk off the table, and looking to get out of the market.”


Source: SGGP Bookmark & Share