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Posts Tagged ‘sentiment’

VN-Index wraps week in bullish sentiment

In Uncategorized on December 16, 2010 at 10:08 am

Vietnam’s benchmark VN-Index rocketed 2.74 percent, climbing to a four-month high on December 10 as investors were in upbeat sentiment.

The shares of 271 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange sprang 2.74 percent, or 12.61 points, to close at 473.06 points.


On the index, 233 stocks gained, 26 shrank, while 17 stalled.


Trading value on the city bourse climbed to the highest level in the past nine months as around 94.1 million shares changed hands at a value VND3.36 trillion.


Saigon Securities Inc. (SSI), the country’s largest brokerage, won the spot of the most active share in volume with 4.61 million shares changing hands.


It was chased by Refrigeration Electrical Engineering Corporation (REE) with 3.4 million shares traded.


Vietnam Export Import Commercial Joint Stock Bank or Eximbank (EIB) came next with 3.31 million shares changing hands.


Biggest winners on the southern market were Lilama 10 Joint Stock Company (L10), Lu Gia Mechanical Electric Joint Stock Company (LGC), Petroleum Equipment Assembly And Metal Structure Joint Stock Company (PXS), Development Investment Construction Joint Stock Corporation (DIG), Vung Tau Real Estate and Construction Joint Stock Company (VRC), and Vincom Joint Stock Company (VIC). They all shot up the daily 5-percent allowed limit.


Techno – Agricultural Supplying Joint Stock Company (TSC) soared 4.97 percent to VND19,000.


The newly listed Petrovietnam – Idico Long Son Industrial Park Investment Joint Stock Company (PXL) declined 4.86 percent to VND13,700.


Vien Dong Pharmaceutical Joint Stock Company (DVD) extended its losing streak to the fifth consecutive day, dropping 4.8 percent to VND39,700.


Anvifish Joint Stock Company (AVF)marched south for four straight days, losing 4.41 percent to VND19,500.


Meanwhile, the Hanoi’s HNX-Index enhanced 3.8 percent, or 4.26 points, to close at 116.39 points. Around 60.2 million shares changed hands at VND1.16 trillion.


The UPCom-Index also rose by 1.01 points to 41.02 points this morning. A total of 430,800 shares changed hands at a value of VND4.28 billion.

Source: SGGP

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

VN-Index climbs on bullish sentiment

In Uncategorized on November 25, 2010 at 8:20 am

Movements of VN-Index on November 25. (Photo: vietstock.vn)Vietnam’s benchmark VN-Index extended its winning streak to three consecutive days on November 25 as investors regained confidence.

The gauge of 270 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange jumped 1.24 percent, or 5.37 points, to close at 439.85 points.


On the measure, 213 stocks gained, 32 decreased, while 30 remained unchanged.


Trading volume on the city bourse improved by 10 percent as around 34.2 million shares changed hands at a value of VND691.2 billion, the highest level in the past five trading sessions.


Saigon Securities Inc. (SSI), the country’s largest brokerage, won the position of most active share in volume with 1.28 million shares changing hands.


It was followed by Transport Engineering Construction & Business Investment Stock Company 584 (NTB) with 1.22 million shares.


Investment and Trading of Real Estate Joint stock Company (ITC) came next with 1.09 million shares traded.


Hoa Sen Group (HSG) and Sao Vang Rubber Joint Stock Company (SRC) both leaped the daily maximum allowed limit of 5 percent to VND16,800, and VND18,900 respectively.


Vietnam Mechanization Electrification & Construction Joint Stock Company (MCG) and Transport Engineering Construction & Business Investment Stock Company 584 (NTB) both surged 4.96 percent to trade at VND14,800.


Mien Trung Petroleum Construction Joint Stock Company (PXM) gained 4.95 percent to VND10,600.


The newly listed Anvifish Joint Stock Company (AVF) slashed 5 percent to VND24,700 to become the biggest loser on the city bourse today.


Cuu Long Pharmaceutical Joint Stock Corporation (DCL) declined the second day, eroding 4.85 percent to trade at VND31,400.


Tan Binh Import – Export Joint Stock Company (TIX) curbed its winning momentum, dropping 4.84 percent to VND41,300.


Meanwhile, the northern bourse exceeded 100 as the Hanoi-based HNX-Index soared 3.08 percent, or 3.05 points, to finish at 102.07 points. Liquidity on the trading floor climbed to the highest level since the beginning of last week. Around 40.6 million shares were traded at nearly VND672.73 billion.


The UPCoM-Index of the unlisted shares market slightly restored 0.49 points to 40.84 points. A total of 140,000 shares changed hands at VND1.47 billion as of 11:10 am local time.

Source: SGGP

Markets wrap week in bullish sentiment

In Uncategorized on November 6, 2010 at 7:22 am

VN-Index plummets due to pessimistic sentiment

In Uncategorized on November 2, 2010 at 8:13 am

VN-Index closes month in bullish sentiment

In Uncategorized on October 29, 2010 at 8:09 am

Movements of VN-Index on October 29. (Photo: vietstock.vn)Vietnam’s benchmark VN-Index finished in green on October 29 as new regulations which tighten gold borrowing and lending activities positively affected investor confidence.

The shares of 266 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange emerged 0.57 percent, or 2.56 points, to 452.63 points.


Trading volume significantly improved over the previous session. Around 33.4 million shares changed hands at a value of more than VND1trillion.


Of the index, 124 stocks gained, 81 retreated, while 66 remained unchanged.


Saigon Thuong Tin Commercial Bank or Sacombank (STB) stayed on the position of most active share by volume the third day with 2.11 million shares changing hands.


PetroVietnam Fertilizer and Chemicals Corporation (DPM) came next with more than 1 million shares traded, followed by Ocean Group Joint Stock Company (OGC) with 837,150 shares.


Lix Detergent Joint Stock Company (LIX) rebounded from a previous loss of 4.76 percent, jumping the daily maximum allowed limit of 5 percent to VND63,000.


Vietnam Golf Tourism Joint Stock Company (VNG) climbed 4.93 percent to VND14,900.


National Seed Joint Stock Company (NSC) went up 4.65 percent to trade at VND36,000 from VND34,400 the previous day.


Construction company Cotec Investment and Land-house Development Joint Stock Company (CLG) ripped 4.97 percent to VND32,500.


Hoang Quan Consulting – Trading – Service Real Estate Corporation (HQC) plunged for three consecutive days, sinking 4.89 percent to VND29,200.


Cu Chi Commercial And Industrial Developing Investment Joint Stock Company (CCI) pared 4.8 percent to VND21,800.


Meanwhile, the smaller on the north also performed well as the Hanoi’s HNX-Index shot up 1.35 points, or 1.21 percent, to 112.86. Trading volume remained low as just 17.5 million shares worth VND350.56 billion changed hands.

Source: SGGP

VN-Index changes little due to bearish sentiment

In Uncategorized on October 28, 2010 at 10:39 am

Movements of VN-Index on October 28. (Photo: vietstock.vn)The shares of 266 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange toiled to finish in green on October 26 after swinging between losing and winning as investors lost confidence in equities.

The Vietnam’s benchmark VN-Index inched up 0.01 percent, or 0.06 points, to 450.07 points.


Trading volume dropped by 20 percent over the previous session. Around 23.4 million shares changed hands at a value of VND583.7 billion.


Of the index, 82 stocks increased, 124 slipped, while 65 were unchanged.


Saigon Thuong Tin Commercial Bank or Sacombank (STB) continued to lead the list of active shares by volume for the second day with 1.68 million shares changing hands.


From October 29 to December 29, Vietnam Dragon Fund Limited, inside shareholders of Saigon Thuong Tin Commercial Bank or Sacombank (STB), registered to sell all 8,250,966 shares to shift its investment category from Vietnam Dragon Fund to Dragon Capital Vietnam Fund.


Transport company Thuan Thao Corporation (GTT), which gained 4.95 percent to VND10,600, clung with 1.33 million shares traded, followed by PetroVietnam Fertilizer and Chemicals Corporation (DPM) with 884,990 shares.


Printing company Cat Loi Joint Stock Company (CLC) emerged 4.88 percent to VND21,500.


Da Nang Construction Building Materials and Cement Joint Stock Company (DXV) shot up 4.85 percent to VND17,300.


Thac Mo Hydro Power Joint Stock Company (TMP) tumbled 6.09 percent to trade at VND10,800. The company will pay dividends for the first term of this year to its current shareholders in cash at a ratio of 6 percent.


Hoang Quan Consulting – Trading – Service Real Estate Corporation (HQC) declined for second day, trimming 4.95 percent to VND30,700.


Dam Sen Water Park Corporation (DSN) sliced 4.82 percent to VND21,700.


Meanwhile, the Hanoi’s HNX-Index gave up 1.02 points, or 0.91 percent, to close at 111.51. Trading volume severely fell over the previous day to around 15.23 million shares worth VND314.93 billion.


The UPCoM-Index of the market of unlisted shares clipped 0.13 points to 42.3 points. Trading volume was at 0.16 million shares, an approximately value of VND2.8 billion.

Source: SGGP

Bearish sentiment sends markets down

In Uncategorized on October 18, 2010 at 10:26 am

Movements of VN-Index on October 18. (Photo: vietstock.vn)Vietnam’s benchmark VN-Index sank the second day on October 18 as the market lacked of strong-enough supportive information.

The index of 262 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange slipped 0.17 percent, or 0.8 points, to finish at 457.59 points.


Trading volume on the city bourse faintly fell over the previous trading session as around 26.64 million shares changed hands at a value of VND689 billion.


On the index, 63 stocks advanced, 132 declined, while 72 stalled.


Vietnam Mechanization Electrification & Construction Joint Stock Company (MCG) continued to win the position of most active share in volume for the third day with 1.57 million shares changing hands.


It was chased after by PetroVietnam Fertilizer and Chemicals Corporation (DPM) with 1.25 million shares.


Long An Food Processing Export Joint Stock Company (LAF) came next with 613,360 shares traded.


Hanoi-based construction company, Tai Nguyen Corporation (TNT), contracted the daily maximum allowed limit of 5 percent to VND24,700.


Da Nang Construction Building Materials and Cement Joint Stock Company (DXV) shrank 4.98 percent to VND19,100.


Ha Tien Transport Joint Stock Company (HTV) dropped 4.9 percent to VND23,300.


From October 21 to December 21, Vietnam Cement Industry Corporation, inside shareholder of Ha Tien Transport Joint Stock Company (HTV), registered to sell 1,008,000 shares, reducing its holdings to 4,039,970 shares, to restructure its investment category.


OPC Pharmaceutical Joint Stock Company (OPC) restored 4.86 percent to trade at VND38,800.


Vietnam Mechanization Electrification & Construction Joint Stock Company (MCG) leaped forward for four straight trading sessions, adding up 4.81 percent to VND19,600.


Information and Networking Technology Joint Stock Company (CMT) edged up 4.8 percent to VND28,400.


The smaller bourse in the north also opened week in low note as the Hanoi’s HNX-Index slid 0.8 points, or 0.67 percent, to 118.89 points. Trading volume slightly improved over the previous trading session to around 17.3 million shares, worth VND371.24 billion.


The UPCoM-Index dropped 0.2 points to 43.27 points. A total of 97,000 shares were traded at VND1.25 billion this morning.

Source: SGGP

Bearish sentiment pervades market

In Uncategorized on August 19, 2010 at 11:23 am

Movements of VN-Index on August 19. (Photo: vietstock.vn)VN-Index, which tracks 253 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange, tumbled for three consecutive days on August 19.

The benchmark eroded 0.72 percent, or 3.26 points, to finish at 452.23.


On the index, 57 stocks advanced, 139 retreated, while 62 moved flat.


Liquidity on the city bourse dropped to a record low as investors listened out for impact of the State Bank of Vietnam’s decision to adjust dollar exchange rate. Around 31.54 million shares worth VND873 billion changed hands.


With 2.04 million shares changing hands today, Vietnam Export Import Commercial Joint Stock Bank (EIB) won the position of the most active share in volume. It was followed by Saigon Thuong Tin Commercial Bank or Sacombank (STB), which saw 1.18 million shares being traded.


Saigon Securities Inc. (SSI), the country’s largest brokerage, came in third with 723,150 shares changing hands.


Ngo Anh Thu, daughter of Ngo Van Diem – member of the Board of Directors of Saigon Securities Inc. (SSI), bought 2,500 shares between July 19 and 27, and sold 500 shares on August 3 without making announcement.


Sacombank Securities Joint Stock Company (SBS) was the biggest losers on southern market, contracting 4.98 percent to VND26,700. The company announced that it would collaborate with Lao Development Bank to establish a securities company in Laos later this year.


Chuong Duong Beverages Joint Stock Company (SCD) curbed its four-straight-day winning streak, declining 4.91 percent to VND27,100.


Sao Mai Construction Corporation (ASM) fell the third day, shrinking 4.84 percent to VND59,000.


Urban Development and Construction Corporation (UDC), which located in Vung Tau City, jumped 4.85 percent to VND17,300.


Construction and Materials Trading Joint Stock Company (CNT) traded up 4.66 percent to VND29,200.


Tan Dai Hung Plastic Joint Stock Company (TPC) climbed 4.35 percent to VND12,000.


At the smaller bourse in the north, Hanoi’s HNX-Index closed at 132.25 points, dipping 0.37 points, or 0.28 percent. Trading volume fell over the previous session as just 25.2 million shares changed hands at VND664.86 billion. Foreign investors continued to net buy for nearly VND2 billion this morning.


The UPCoM-Index also lost 0.61 points to 48.26 points. A total of 174,800 shares were traded as of 11 am local time.

Source: SGGP

Upbeat sentiment drives market upwards

In Uncategorized on June 18, 2010 at 4:45 am

(Photo: Vietstock.vn)Stocks on the Ho Chi Minh Stock Exchange advanced for second straight day on June 11, as a rally of US stock markets and positive information from China and Japan inspired investors.

Vietnam’s benchmark VN-Index rose as much as 3.78 points, or 0.76 percent, to close at 504.29. More than 44.6 million shares changed hands at VND1.3 trillion.


There were 134 stocks that gained, 51 declined, while 55 remained unchanged.


Ocean Group Joint Stock Company topped the list of most active share by volume with 2.61 million changing hands.


Refrigeration Electrical Engineering Corporation (REE) followed with more than 2.2 million shares traded.


Saigon Securities Inc. (SSI), the country’s largest brokerage, came third with 1.29 million, up 0.56 percent.


DIC Investment and Trading Joint Stock Company (DIC) and Idico Urban and House Development Joint Stock Company (UIC) led the winners on the city bourse, gaining 4.96 percent to VND29,600 and VND42,300 respectively.


Truong Thanh Furniture Corporation (TTF) climbed 4.94 percent to VND25,500.


Petroleum Pipeline & Tank Construction Joint Stock Company (PXT) and Viet – Han Corporation (VHG) surged by 4.93 percent to VND23,400 and VND29,800 respectively.


The Hanoi’s HNX-Index surpassed 160 points a few minutes after the opening bell but failed to maintain its achievement throughout the trading session. The northern market finished at 158.23 points, gaining 1.17 points, or 0.74 percent.


Trading volume was at 29.6 million shares worth VND929.62 billion.


The UPCoM-Index of unlisted stocks also rose, adding 0.46 points to 45.08. A total of 224,337 shares were traded at VND3.46 billion.


Globally, the Dow Jones Industrial Average Index climbed 2.76 percent, or 273.38 points, to 10,172.53. The S&P 500 Index jumped 2.95 percent, or 31.15 points, to 1,086.84.


France’s CAC 40 index rose 2.03 percent. FTSE 100 index added 0.92 percent.


Japan’s Nikkei 225 index gained 1.7 percent. China’s Shanghai Composite index surged 0.35 percent. Korea’s Kospi advanced 1.43 percent.

Source: SGGP