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Posts Tagged ‘Investor’

Upbeat investor sentiment lifts stock market up high

In Uncategorized on December 16, 2010 at 10:06 am

The stock market is roaring back on increasing confidence, helping many investors to achieve big profits.

Two investors caustiously watch share prices updated at a HCMC-based brokerage (Photo:Minh Tri)

VN-Index, the gauge of 271 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange, regained more than 10 percent in the last one month, while the index of the Hanoi’s bourse rose 20 percent.

Brokers said the profit rate of the stock market’s investments was around 6-12 times higher than banks’ interest rate.

Nguyen Thanh Long, an investor favoring mineral shares, achieved a profit rate of 30 percent from investing in Nari Hamico Minerals Joint Stock Company (KSS) last month.

“I bought KSS at VND24,000 per share last month as I found it reasonable. Later I bought more as the share kept falling to around VND20,000, making an average price of VND21,000. I eventually took big profits when KSS rose to VND28,000 early this month,” Long recalled.

Tran Van Thanh, who has entered the market since it was set up, said he gained nearly VND30 million from investing in the air conditioner maker REE (REE).

“I bailed out of the market at the end of July and came back at the time when the VN-Index bounded back from 420-430. I just bought 10,000 REE shares at the price of VND14,000 at that time as I didn’t think the market would recover strongly,” Thanh said.

“I made around VND30 million from selling those shares, which jumped by 20 percent to VND17,000.”

The stock market will likely to remain on a rise until the end of the year, said Hoang Thach Lan, heads of the brokerage unit at the Ho Chi Minh City-based MHB Securities Co., the investment arm of Mekong Housing Bank.

“However, investors should be cautious. One of the biggest mistakes investors often make is to make out a certain reason that they believe it has boosted the market,” Lan said.

“For example, some individual investors told me that they would return to the stock market with long-term investments on an expectation that foreigners would pump money strongly into the market in early 2011.

“But there’s little likelihood that investors would pump as much money into the stock market as they did in the 2006-2007 period.”

Surging trading value
Statistics showed trading value on the Ho Chi Minh Stock Exchange increased sharply by VND17.5 trillion (US$875 million) in the last ten trading day.

According to the State Securities Commission, foreign investors pumped $920 million into Vietnam’s stock market in the first 11 months of the year.

The market’s sentiment was boosted by foreigners’ moves, said Nguyen Viet Hung, head of the analysis and investment unit of the brokerage SME.

“Many investors bailed out from the bearish market, which lasted from the middle of the second quarter to the third quarter this year. Therefore, I expect the current bullish run, which has just been started, will be extended further if those investors returned to the market,” Hung said

Source: SGGP

Penny chips buoy investor confidence

In Uncategorized on October 25, 2010 at 1:35 pm

Movements of VN-Index on October 25. (Photo:’s benchmark VN-Index, a gauge of 264 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange, unexpectedly swam upstream on October 25 as penny-chip stocks revived, enhancing investors’ bullish sentiment.

The index finished at 448.61 points, gaining 3.4 points, or 0.76 percent.

However, liquidity on the city bourse slightly improved over the previous session. Around 28.6 million shares traded at VND735.21 billion, an increase of 5.94 percent in volume and 20.31 percent in value.

On the benchmark, 154 stocks gained, 48 dropped, while 67 treaded water.

Saigon Thuong Tin Commercial Bank or Sacombank (STB) topped the list of most active shares in volume with 1.14 million shares changed hands. It was the only stock whose trading volume was above 1 million shares today.

Ocean Group Joint Stock Company (OGC) took the second rank with 829,070 shares traded.

Saigon Securities Inc. (SSI), the country’s largest brokerage, tagged along with 671,750 shares.

Camau Trading Joint Stock Company (CMV) advanced the first time after stalling for two trading sessions, jumping the daily maximum allowed limit of 5 percent to trade at VND27,300.

OPC Pharmaceutical Joint-Stock Company (OPC) climbed 4.99 percent to VND40,000.

Nari Hamico Minerals Joint Stock Company (KSS) curbed it five-consecutive-trading-session losing streak, shooting up 4.96 percent to VND27,500.

H.A.I Joint Stock Company (HAI) eroded 4.92 percent to trade at VND29,000.

Cuu Long Pharmaceutical Joint Stock Corporation (DCL) stumbled 4.91 percent to VND40,700.

Manulife Progressive Fund (MAFPF1) declined 4.76 percent to VND4,000.

The Hanoi’s HNX-Index edged up 0.45 points, or 0.4 percent, to 111.77 points. Trading volume severely fell over the previous day as just 20.7 million shares changed hands at VND400 billion.

The UPCoM-Index inched up 0.01 points to 42.9 points. A total of 232,200 shares were traded at a value of VND3.87 billion as of lunchtime.

Source: SGGP

VN-Index adds little amid investor hesitation

In Uncategorized on July 15, 2010 at 1:11 pm

Movement of VN-Index on July 12. (Photo: benchmark VN-Index gained 0.09 percent on July 12 as investors were cautious with the fate of the Vietnam Enterprise Investment Limited Fund due to be decided today.

The Dragon Capital’s fund may be dissolved, volatilizing more than US$400 million out of the market.

The gauge of 246 companies and four mutual funds listed on the Ho Chi Minh Stock Exchange inched up 0.47 points, or 0.09 percent, to finish at 499.93.

Liquidity on the market fell severely, as just 36.9 million shares changed hands at VND1.1 trillion.

Of the index, 122 stocks advanced, 65 fell, and 63 remained unchanged.

Thanh Cong Textile Garment Investment Trading Joint Stock Company (TCM) was the most active share by volume with 1.82 million shares changing hands.

From January 14 to June 30, the Vietnam National Textile and Garment Group, a major shareholder of Thanh Cong Textile Garment Investment Trading Joint Stock Company (TCM), registered to sell 2,461,800 shares but sold just 1,108,330 shares. The rest were not traded due to prices that were lower than expected. Between July 8 and September 8, the company sold 2 million shares to reorganize its investment capital.

Société De Bourbon Tay Ninh (SBT) came next with 1.18 million shares, followed by Ha Tien Transport Joint Stock Company (HTV) with more than 851,000 shares traded.

Construction company Cuong Thuan Investment Corporation (CTI) advanced 4.99 percent to VND46,300.

From July 14 to September 14, Tran Nhu Hoang, chief executive officer of Cuong Thuan Investment Corporation (CTI), registered to buy 300,000 shares, increasing his holdings to 800,000 shares, for personal investment.

Hanoi-based Long Giang Investment and Urban Development Joint Stock Company (LGL) gained 4.97 percent to VND35,900.

BIDV Securities Company, a major shareholder of Long Giang Investment and Urban Development Joint Stock Company (LGL), registered to buy 800,000 shares and sell 600,000 shares between July 12 and September 10, sending its holdings to 990,012 shares, accounting for 7.07 percent to the company’s chartered capital, restructuring its investment category.

Nari Hamico Minerals Joint Stock Company (KSS) and Duc Long Gia Lai Group Joint Stock Company (DLG) added up 4.96 percent to VND63,500 and VND27,500 respectively.

Ca Mau Trading Joint Stock Company (CMV) declined 4.85 percent to VND31,400.

Seafood producer Vinh Hoan Corporation (VHC) sank 4.65 percent to VND41,000.

The Hanoi-based HNX-Index rose 1.36 points, or 0.87 percent, to 157.57. Trading volume significantly dropped to 21.28 million shares, worth VND629.59 billion.

The UPCoM-Index fell 0.31 points to 55.68 as of 11 am local time. 491,109 shares were traded, totaling approximately VND9.95 billion.

Source: SGGP

Investor composure helps markets resist plummet

In Uncategorized on July 1, 2010 at 2:36 pm

Movement of VN-Index on June 30. (Photo: the sharp fall of global stock markets, Vietnam’s benchmark VN-Index only dropped slightly the last trading session in June, as investors remained calm amidst the movement experienced in international markets.

The index, which tracks 243 companies and four mutual funds on the Ho Chi Minh Stock Exchange, declined by 3.57 points, or 0.7 percent, to 507.14.

Among the index members, 46 advanced, 169 fell, and 32 remained unchanged. Trading volume jumped to 59.1 million shares, valuing VND1.31 trillion.

With 2.37 million shares, PetroVietNam Transportation Corporation (PVT) topped the list of most active share in volume. The company’s shares closed down 4.94 percent.

Transport company Thuan Thao Corporation (GTT) was behind with 1.88 million shares, followed by Vietnam Electricity Construction Joint Stock Corporation (VNE) with 1.63 million shares.

Consumer electronics producer Son Ha International Corporation (SHI) gave up 9.84 percent to VND33,000 from VND36,600 previous day. June 30 was the company’s ex-rights date to issue additional shares at a ratio 5:1.

Ben Thanh Trading & Service Joint Stock Company (BTT) lost 5 percent, falling to VND38,000.

Meanwhile, Hanoi Maritime Holding Company (MHC) added up 5 percent to VND10,500.

Sai Gon Telecommunication & Technologies Corporation (SGT) advanced for the third straight day, gaining 4.96 percent to VND42,300.

Ha Tien Transport Joint Stock Company (HTV) traded at VND19,200, up 4.92 percent from the previous day.

The smaller bourse in the north slumped as of the opening bell. The Hanoi’s HNX-Index ended at 158.81, down 2.52 points, or 1.56 percent. Around 39.9 million shares changed hands at VND1.16 trillion.

UPCoM-Index lost 0.59 points to 47.32 as of 11:25 am local time. Nearly VND3 billion was spent, totaling 168,243 shares.

Source: SGGP

Vietnamese firm wins international investor award

In Uncategorized on June 23, 2010 at 4:36 pm

Vietnamese firm wins international investor award

QĐND – Wednesday, June 23, 2010, 22:1 (GMT+7)

CMC Blue France, a Vietnamese business in France, has been presented with the best international investor award in 2010 by the Paris Region Economic Development Agency (Paris-Ile De France Capitale Economique).

The award aims to honour outstanding foreign businesses who make a great contribution to the French capital’s development.

CMC Blue France, which is a branch of Vietnam’s CMC Group, was set up in Paris last year, specialising in software and technical assistance services. The company is expected to expand its operations to other regions, including the Middle East and Africa.

Source: VOV

Source: QDND

Investor wariness prevents market from rising higher

In Uncategorized on May 27, 2010 at 9:06 am