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Posts Tagged ‘upbeat’

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

Upbeat sentiment drives market upwards

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

(Photo: 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

Upbeat sentiment closes market high

In Uncategorized on April 16, 2010 at 12:28 pm

Vietnam’s benchmark VN-Index continued to climb on April 16 after surpassing 520 yesterday as investors’ buying mood returned.

The shares of 221 companies and four mutual funds listed on the Ho Chi Minh Stock Exchange finished at 522.03, gaining 0.1 percent, or 0.54 points. Trading volume reached 63.1 million shares, worth VND2.44 trillion.

On the city bourse, 108 stocks advanced, 84 declined, and 33 were unchanged.

Cuchi Commercial and Industrial Developing Investment Joint Stock Company (CCI), and construction company Van Phat Hung Corporation (VPH) led the winners on the southern bourse. Both added up the maximum daily allowed limit of 5 percent to VND37,800, and VND63,000 respectively.

Cavico Viet Nam Mining and Construction Joint Stock Company (MCV) rose by 4.99 percent to VND35,800.

Fuel supplier Petrovietnam General Services Js Corporation (PET), which closed up 4.95 percent to VND29,700, won the position of the most active stock in volume with 2.38 million shares, followed by the Hanoi-based Vietnam Mechanization Electrification & Construction Joint Stock Company (MCG) with 1.58 million shares.

Vinh Son – Song Hinh Hydropower Joint Stock Company (VSH), which located in the coastal central province of Binh Dinh, was next with 1.46 million shares.

Losers on the city bourse included Ba Ria – Vung Tau House Development Joint Stock Company (HDC), An Phu Irradiation Joint – Stock Company (APC) located in Binh Duong Province, and Sieu Thanh Joint Stock Corporation (ST8), which traded office stationery, and industrial machines and equipment.

Pham Thi Mai Duyen, deputy chairwoman of the Sieu Thanh Corp’s Board of Directors, registered to buy 564,102 shares from April 19 to 24, to increase her holding ratio.

The shares on the smaller bourse in the north also edged up as the HNX-Index surged by 0.74 points, or 0.43 percent, to 172.6. Around 48.7 million shares, worth more than VND1.72 trillion changed hands.

The UPCoM-Index rose by 1.73 points to 44.35. A total of 247,864 shares traded at VND3.48 billion.

Source: SGGP

Market closes week high on upbeat sentiment

In Uncategorized on March 24, 2010 at 6:24 am

The VN-Index, a measure of 210 companies and four closed-end funds listed on the Ho Chi Minh Stock Exchange, headed for a three-day straight rally on March 5 as US stock markets hit 10,400 points again yesterday.

The benchmark gained 0.28 percent, or 1.48 points, to close at 513.39. Around 45.56 million shares, worth more than VND2 trillion were traded.

Of the index, 105 shares advanced, 54 fell, and 55 remained unchanged.

The gainers were led by mineral exploiter Hamico Group (KSH), which added up the maximum daily limit of 5 percent to VND52,500.

Next were wire producer Ngo Han JSC (NHW), Phuoc Hoa Rubber JSC (PHR), and Saigon Beverages JSC (TRI), which all closed up by the maximum allowed 5 percent to VND21,000, VND39,900, and VND6,300 respectively.

Cables and Telecommunications Material JSC (SAM) was the most active share in volume with more than 2.19 million shares traded at VND31,000, followed by Refrigeration Electrical Engineering Corporation (REE) with more than 2.03 million shares, and Hoang Anh Gia Lai JSC (HAG) with more than 2 million shares.

Khang Dien House Trading and Investment JSC (KDH), which led the decliners, gave up 4.94 percent to close at VND42,300. Masan Group Corp (MSN) lost 4.19 percent to VND41,200.

Hanoi’s HNX-Index rose 1.8 points to 170.16. Around 31.6 million shares, worth more than VND1.12 trillion changed hands.

The UPCoM-Index added 0.16 points, to 45.38. A total of 84,350 shares traded at VND946.38 million.

Source: SGGP Bookmark & Share

Market remains bullish over upbeat sentiment

In Vietnam Stock Market on September 14, 2009 at 12:15 pm

The Ho Chi Minh Stock Exchange moved up for the third straight session over speculation on third quarter earnings results remaining healthy.

VN-Index, the measure of 174 stocks on the bourse, moved up 8.6 points, 1.57 percent, to close at 556.59. Of the index members, 92 stocks advanced, 59 dropped, and 23 were unchanged.

Trading volume accounted to 65.5 million shares worth VND2.85 trillion.

“Information about dividend plans and third-quarter earnings results released by listed firms will continue to drive market sentiment this week,” Bao Viet Securities Co. said in a report, adding that it expects the VN-Index to fluctuate between 525 and 560 points this week.

The Southern Rubber Industry Joint Stock Company (CSM), known as Casumina, gained 4.6 percent to close at VND91,000. The rubber maker announced on the exchange’s website that its estimated third-quarter pretax profits reached VND241 billion, equivalent to 105.14 percent of its 2009 target.

Casumina also announced that Nguyen Thi Ngan, sister of supervisory board member Nguyen Thi Le, will start selling her entire holdings of 947 shares tomorrow.

Ba Ria – Vung Tau House Development Joint Stock Company (HDC), known as Hodeco, was also among the gainers, rising 1.57 percent to VND64,500.

The company planned to sell 201,130 shares it had bought back earlier to boost its working capital, according to a statement on the exchange’s website. The sales will start on September 18.

Dong Do Marine Joint Stock Company (DDM) lost marginally 0.63 percent to VND15,900. Deputy general director Nguyen Thanh Tinh sold 22,700 shares to cut his holdings to 45,400 this month, according to a statement on the bourse’s website.

Cables and Telecommunications Material Joint Stock Company (SAM) surged by the five percent daily limit to close at VND33,900. The firm also announced on the exchange’s website that it would sell two million shares it had bought back, on- and off-market, in a bid to raise capital for investment projects this year.

At the smaller bourse in Hanoi, the HNX-Index advanced 2.65 points, 1.57 percent, to close at 171.83.

The UPCoM-Index of the unlisted stock slipped 0.42 point, 0.67 percent, to close at 62.64 as of 11 am.

Source: SGGP