Stock market losses extend for second day Kim Ngan By Kim Ngan - The Saigon Times Daily HCMC – The local stock market fell for the second consecutive session on November 5 with the VN-Index losing 0.23% at 597.01 points despite positive signs of bottom fishing. Heavyweights such as VNM, BID, VCB and KDC were offloaded in the morning phase, pushing the main index down to an intraday low of over 593 points. However, bottom fishing took the upper hand in the afternoon phase, helping the index minimize its decline. Strong buying in the afternoon phase sent trading volume on the Hochiminh Stock Exchange up 26% to 146 million shares worth VND2.4 trillion. Market breadth expanded with 77 advancers against 128 laggards. Some 21 out of 23 sectors closed in the red. The agriculture-forest-aquatic group was the worst performer with a 2.3% decline. Many tickers in hospitality, household applicants, mining and securities sectors also lost ground. Foreigners returned to the buying side … [Read more...] about Stock market losses extend for second day
Days stock market is closed
VietNamNet Bridge - Though the VN Index has lost 3.76 percent, the Vietnamese stock market is still listed among the best performing markets in the world. A report from World Market Indices (Indexq) showed that Abu Dhabi and Israel, the best performing stock markets in the world, saw zero percent growth rate over the last month. Meanwhile, Vietnam, with the 3.76 percent decrease in the stock index, is still among the world’s best performing markets. The closing VN Index on August 26 stood at 545.89 points, representing a 6.2 percent decrease compared with two months ago, when the government released Decree No 60 on lifting the ceiling on the rate of foreign ownership in Vietnamese enterprises. Just one month ago, the VN Index was still at the year’s highest peak of 635 points, which, according to Indexq, was the fastest-growing index in the world at that time. However, this gain could not be maintained as the index has lost 14 percent of its value within one … [Read more...] about Vietnam remains among world’s best stock markets
VietNamNet Bridge - Experts believe that the most important factor that may have a negative impact on the stock market is the exchange rate fluctuation. After the crude oil price in the world market dropped to $40 per barrel following OPEC’s meeting in early December, securities investors have predicted a gloomy future for oil & gas shares, including GAS of the Gas Corporation. To date, GAS remains among the shares with the highest capitalization value in the market which has influences on the VN Index. With the closing price at VND40,300 per share on December 4, its capitalization value has dropped to $3.39 billion, just equal to 1/3 of that in July 2014, when the GAS market price climbed to VND120,000 per share. The shares of the companies in the energy sector are believed to top the list of factors which have negative impact on the stock market in 2016. In such circumstances, investors have every reason to think the IPO (initial public offering) to be made by … [Read more...] about How will the stock market perform in 2016?
Investors were hoping 2016 would be a fresh start after the U.S. stock market sputtered to wrap up 2015. Instead, what they got was rotten. Major averages kicked off the year with their worst week in more than four years as investors fled the market, and fear is on the rise that a full-blown bear market may be lurking. While that may be overstated, markets do face an unsightly assortment of obstacles. Here are some of the biggest worries on investors' minds, and some factors that may mitigate the downside risk: CHINA: The volatility surrounding the world's second-largest economy is a primary concern of investors. Attempts by officials there to tamp the selling in equities and the steady devaluation of the yuan have fed worries about capital flight. Moreover, a weakening in the currency could hurt demand for imports, particularly those sold in dollars like oil. U.S. exposure to China in terms of gross domestic product is minimal - only about 0.7 percent of overall GDP, according to … [Read more...] about Five things the U.S. stock market is worried about after last week’s rout
Vietnam’s stock market is expected to keep its upbeat sentiment of 2017 and drive the benchmark VN-Index to an all-time high at year end, analysts said. The Vietnam Stock Index (VN-Index), a capitalization-weighted index of all the companies listed on the Ho Chi Minh City Stock Exchange, closed at 984.24 on the last working day of 2017, wrapping a bullish week and setting a 10-year high. The index closed at 995.77 on 2018’s first transaction day on Tuesday, up 1.17 percent. Analysts believe the momentum will continue and bring the index to surpass the record 1,178 points in 2007. The market is seeing very low risks, and high confidence for growth, they said. RongViet Securities Corporation in Saigon said in a report that VN-Index will increase at least 17 percent this year or even 67 percent in its best scenario, meaning it could end the year somewhere between 1,170 and 1,640. Nguyen The Minh, a senior analyst at Saigon Securities Incorporation, was more specific. … [Read more...] about Bullish investors can bring Vietnam’s stock market to record high in 2018: analysts