Stocks rebound, but does investor sentiment? (31-10-2007) Investors exchange information at Saigon Securites Inc. The VN-Index rallied 0.52 per cent to reach 1,069.78 points yesterday. — VNS Photo Truong Vi HA NOI — Stock prices rebounded yesterday, though fears continue to infect the market over a prolonged downtrend over the next week. The VN-Index increased 0.52 per cent to 1,069.78 points. Turnover fell to 11.5 million shares worth VND1.4 trillion (US$87.5 million). In the latest report from Thang Long Securities, analysts said the market is growing bearish with little positive news to improve investor sentiment at this time. As a result, stock prices may see downward pressure for much of the week with short spurts of bargain hunting. The report also cited several negative factors influencing investors, including controversy over Vietcombank's IPO, rising gold and real estate prices, stronger than expected inflation data, and gloomy outlooks on international … [Read more...] about Stocks rebound, but does investor sentiment?
Investor sentiment
Fed decision spurs investor sentiment
Fed decision spurs investor sentiment Phuong Thao By Phuong Thao - The Saigon Times Daily HCMC – The decision by the U.S. Federal Reserve (Fed) to slightly scale down the bond buying program QE3 made investors bullish with the VN-Index managing a mild increase. As gainers far outnumbered losers at 164 to 59, the VN-Index ended the day at 506.28, rising by 1.03 points, or 0.2%, from the day earlier. Liquidity on the southern bourse sharply improved with 111 million shares worth nearly VND1.4 trillion changing hands, up 78% and 52% respectively. Viet Capital Securities Company said capital flowed strongly into the property sector, which underperformed the market for the last two years, especially small-cap tickers. “We noticed that DXG, SCR and KBC moved up strongly. Meanwhile, large-caps sent the market down with MSN, VIC and PVD declining. On the other hand, VNM, HPG and VCB kept the uptrend balanced as the tickers closed up 0.7%, 1.3% and 1.1% respectively,” it … [Read more...] about Fed decision spurs investor sentiment
Index gains on steadier investor sentiment
Index gains on steadier investor sentiment (16-03-2009) The Ha Noi Securities Trading Centre from above. The VN-Index last week advanced 2.34 per cent to end at 251.44 points. — VNA/VNS Photo Truong Vi HA NOI — The VN-Index ended last week with significant gains intact, as positive developments on global markets helped buoy investor confidence and brought higher volumes back to the domestic stock market. The index increased 5.74 points overall to end the week at 251.44, a rise of 2.34 per cent over the previous Friday's close. Volumes rose sharply last week, with around 14 million shares changing hands per day, for an average daily revenue of VND240 billion (US$14.1 million). In the previous week, only about 8 million shares were traded per day, with an average value of VND151 billion ($8.9 million). Banking shares gained the sharpest last week, up 8.18 per cent, according to FPT Securities Co data, followed by automotive shares, at 7.3 per cent, and construction … [Read more...] about Index gains on steadier investor sentiment
Japan retail investor sentiment plunges on Greece crisis
Debt woes in Greece and other European countries that have led to a stronger yen against the euro caused Japanese investors to rapidly turn pessimistic despite an upturn in many corporate earnings in Japan. The Reuters retail investors poll also showed that nearly 30 percent of respondents favored Brazil as the best place to invest their money among emerging markets. About 18 percent said they favored India followed by 16 percent saying they liked Vietnam. On the political front, the survey showed the Your Party, a new party formed last year, gathered the most support for a second straight month, extending its support to 35 percent in May from 30 percent last month. The ruling Democratic Party remained in second place with support of 26 percent. The Reuters sentiment index, calculated by subtracting the percentage of investors who say they are bearish from those who are bullish, fell 24 points to minus 16 in May after seeing a positive reading last month for the first time since July … [Read more...] about Japan retail investor sentiment plunges on Greece crisis
Market drops on cautious investor sentiment
Market drops on cautious investor sentiment By Thuy Trieu - The Saigon Times Daily HCMC - The local stock market witnessed the third consecutive falling session as investors become more cautious after two losing sessions earlier, resulting in a drop of 5.84 points on the VN-Index from the session earlier to 515.06 points. In fact, the main index added 1.88 points after 30 minutes of the first matching phase. However, given big offer with low prices and weaker demand, the VN-Index changed course to fall 4.86 points and ended the session even at a bigger pace. Falling stocks outnumbered rising ones by 125 to 52. Of which, 15 stocks closed at the ceiling prices and 18 others ended at the floor prices. Most blue-chips lost steam except CTG and PPC. Sacombank (STB) was the most actively traded stock on the bourse, falling 1.6% to VND24,600 per share with 2.8 million shares traded. Kinh Bac Urban Development Co. (KBC) was the second most traded stock with 2.2 million shares traded, … [Read more...] about Market drops on cautious investor sentiment