Stock market stability forecast for this week By Thanh Ha Employees monitor share prices at Hochiminh City Securities Corporation. The local stock market is predicted to be stable this week - PHOTO: THANH HOA HCMC – The local stock market is expected to stay stable in the two trading sessions this week and the VN-Index of the Hochiminh Stock Exchange may hover around 980 points, said Tran Xuan Bach from the macro and market research department of Bao Viet Securities Company. If the index should pass 980 points to head toward the 986-992-point resistance zone, the market may face headwind within such a zone. The market is still expected to decrease in the short run, Bach said, adding that investors should hold off on buying stocks at high prices when market increases. According to a report by BIDV Securities Company, investors remain cautious, waiting for results of firms’ annual shareholder meetings and their performance in the first quarter of the year. … [Read more...] about Stock market stability forecast for this week
Analysts strong buy stocks
For long-term investors, it is a good time to buy
For long-term investors, it is a good time to buy By Ngoc Tran Le Hong Lien, head of Institutional Research at Maybank Kim Eng Securities HCMC - The Vietnamese stock markets is in a roller-coaster rideas volatility is back, but for Le Hong Lien, head of Institutional Research at Maybank Kim Eng Securities, it is still a good time to buy, especially for long-term investors. The Saigon Times spoke with Lien. The Saigon Times: A few days ago, the Fed raised the U.S. interest rates again, and now we are feeling its impact. Most local stocks are down. Will this impact continue into 2019 or is it merely short-lived? - Le Hong Lien: Fairly speaking, the VN-Index (of the Hochiminh Stock Exchange) had edged up over the past few days. I attribute that more to some expectation that there would be some positive movement of the VN-Index itself towards the end of the year, especially when the Government continues to provide quite a positive guidance to next year of … [Read more...] about For long-term investors, it is a good time to buy
Local stocks approach 980 points
Local stocks approach 980 points By Phuong Thao A male staff monitors share prices on the computer screen at HCMC Securities Corporation. The VN-Index rose to near 980 points on July 11 - PHOTO: THANH HOA HCMC – Domestic stocks approached the strong psychological level of 980 points in the third straight rising session today, June 11, but the main stock index still failed to beat the threshold due to low investor demand. The Hochiminh Stock Exchange saw 169 stocks rising versus 130 ending lower, prompting the VN-Index to gain 4.98 points, or 0.51%, against Wednesday at 978.63. Trading volume on the market rose 4.6% at 161.6 million shares while value slid 13.6% at VND3.3 trillion. Construction firm ROS reported over 4.1 million shares traded in block deals with total value of over VND127 billion, closing at the reference price of VND29,200. It ranked second on the market in terms of matching volume with nearly 7.8 million shares, behind its associated firm FLC with … [Read more...] about Local stocks approach 980 points
Shares seen approaching strong resistance zone next week
Shares seen approaching strong resistance zone next week By Phuong Thao An employee at HCMC Securities Corporation monitors stock prices. The VN-Index will likely approach a strong resistance zone next week - PHOTO: THANH HOA HCMC – Domestic shares are expected to encounter strong selling pressure next week as the VN-Index of the Hochiminh Stock Exchange is approaching a strong resistance zone after two consecutive days of rallies. Bao Viet Securities Company (BVSC) in a recent report said the VN-Index is expected to head toward a strong resistance zone between 977 and 980 points early this week. Within the zone, the market may experience volatility and correction in several sessions before rising again. After going through volatility between 960 and 970 points, market trend has improved, BVSC said. The index could head toward the strong resistance zone from 989 to 992 points shortly. Foreign net buying, together with domestic cash flow as business results in the … [Read more...] about Shares seen approaching strong resistance zone next week
Stock rallies extend for 5th day
Stock rallies extend for 5th day The Saigon Times Daily Investors are seen at a local securities firm. The VN-Index rose for the fifth consecutive session on August 20 - PHOTO: THANH HOA HCMC – Domestic stocks extended their winning streak for the fifth straight session today, August 20, but the rise momentum eased due to investor concerns over global market uncertainties. The benchmark VN-Index of the Hochiminh Stock Exchange added 3.64 points, or 0.37%, against the previous day at 984.67. Trade expanded 13% in volume to 178 million shares but value declined a mild 2% at VND4.1 trillion. Notably, foreign investors became net sellers again after posting a strong net buying value on Monday. They net sold VND76.6 billion of shares on the HCMC market, chiefly those of low-cost carrier VJC and steel maker HPG. A Bao Viet Securities Company report said the VN-Index is forecast to fluctuate from 982 to 986 points in the upper range and from 970 to 975 points in the … [Read more...] about Stock rallies extend for 5th day
Stock market volatility forecast next week
Stock market volatility forecast next week By Thanh Ha Employees of HCMC Securities Corporation monitor stock prices. The local stock market is forecast to be volatile next week - PHOTO: THANH HOA HCMC - The local stock market is predicted to seesaw in the range of 980 and 1005 points next week, Tran Xuan Bach at the macro and market research department of Bao Viet Securities Company said in a report. He projected that VN-Index may possibly face profit-taking pressure at the resistance zone of 1000-1005 points, especially when foreign investors have recently net sold shares. In a positive scenario, the market is expected to soon break this resistance zone to test the next level of 1016-1020 points in the short term. Large-cap stocks may improve and support the market next week. Cashflow is forecast to focus on real estate, information technology and industrial parks. With the market’s wide divergence, Bach advised investors not to buy at high price and to only … [Read more...] about Stock market volatility forecast next week
Foreigners return to buying side
Foreigners return to buying side The Saigon Times Daily The Hochiminh Stock Exchange in downtown HCMC. Foreign investors became strong net buyers on August 19 - PHOTO: THANH HOA HCMC – Foreign investors became active net buyers today, August 19, with their net buying value on the Hochiminh Stock Exchange amounting to more than VND881 billion. Therefore, they had stayed on the selling side for 12 sessions in a row. They net purchased over eight million shares in real estate group VIC for VND936.9 billion, mostly through put-through transactions. VIC closed the session down a slight 0.1% at VND121,900. They also net bought VND36.4 billion of shares in dairy firm VNM. In contrast, it net sold VND54.9 billion of shares in low-cost carrier VJC. The VN-Index of the Hochiminh Stock Exchange moved sideways as just some small stocks in the property sector reported bustling trade. It inched up a mild 1.03 points, or 0.11%, at 981.03 points. The HCMC market saw 158 million … [Read more...] about Foreigners return to buying side
VN-Index still below 1,000 points despite further stock gains
VN-Index still below 1,000 points despite further stock gains The Saigon Times Daily Staff at a securities firm monitor stock prices. The VN-Index failed to beat the 1,000-point level on August 22 even though stocks continued rallying - PHOTO: THANH HOA HCMC – Domestic stocks continued advancing for the seventh consecutive session today, August 22, as energy and seafood firms enjoyed strong supporting news. However, the benchmark stock index still closed slightly below the strong psychological level of 1,000 points. The VN-Index of the Hochiminh Stock Exchange rose a slight 2.88 points, or 0.29%, against the previous session to close at 997.26, as losers still outnumbered gainers. Stock trade tumbled versus the previous day as there were no large block deals, with volume shedding 24% at 153 million shares and value sliding 25% at VND3.8 trillion. According to securities firms, seafood stocks such as ABT, FMC and IDI rallied shortly after the United States … [Read more...] about VN-Index still below 1,000 points despite further stock gains
Stocks move flat for third day
Stocks move flat for third day By Phuong Thao HCMC – Domestic stocks marked the third straight session of sideways movement today, March 7, as large stocks again turned volatile at the strong resistance level of 1,000 points. The VN-Index of the Hochiminh Stock Exchange lost a fractional 0.46 point, or 0.05%, against the previous session at 994.03. Market turnover shrank 16% in volume to 210.7 million shares and nearly 8.2% in value to VND4.6 trillion, including 22.9 million shares traded in block deals worth VND679 billion. Stocks in the Vingroup (VIC) family sent the main index to the 1,000-point level in the morning but they reduced their gains sharply in the afternoon. VIC closed the day up 1.2% at VND119,200, while VHM inched up 0.2% at VND92,000 and VRE rose 1.4% at VND35,000. Other large caps weighed on the market, in which dairy giant VNM slid 0.9% at VND139,700. Beverage firm SAB lost 1.1% at VND241,000 and steel maker HPG declined 2.6% at VND34,100. Among … [Read more...] about Stocks move flat for third day
Stocks seen rallying next week
Stocks seen rallying next week By Thanh Thom Employees at HCMC Securities Corporation monitor stock quotations. The stock market is predicted to accumulate around the resistance zone of 980-983 points early next week – PHOTO: THANH HOA HCMC – The stock market is expected to rally and hover around the resistance range of 980 and 983 points early next week before it might become volatile toward the weekend, according to Bao Viet Securities. The firm said the VN-Index of the Hochiminh Stock Exchange should pass this range and move toward a stronger resistance range of 993 and 1000 points if the growth momentum is to be maintained. However, the stock brokerage forecast that if the index does not reach 980-983 points early enough, supply might come under pressure, and shares would decline in the short run. “As the market has not been able to beat the 980-to-983-point range, we leave open the possibility that the market’s recent gains were only technical. Stock … [Read more...] about Stocks seen rallying next week