As effects of the VND30-trillion housing loan subsidy package faded out last week, securities firms expect the local market to move in a narrow range with low liquidity this week, with investors expected to reduce trading to wait for more positive news. The market last week traded in thin range given a lack of news, especially in terms of business earnings releases. With investor sentiment leaning... 

Securities enterprises predicted that liquidity on the local markets would not improve this week as investors would stay on the sidelines again before important macro news is announced. Last Friday, both markets were relatively quiet as the holiday-shortened trading week came to a close and there was little news so far on the second day of the 7th Central Party Committee meeting, which is scheduled... 

The local economy has yet to see signs of recovery as listed enterprises in various sectors continued to report disappointing business results in the first quarter of this year. Around 500 out of 700 enterprises listed on the two local exchanges have released financial statements in the first quarter. Of which, nearly 50 firms have incurred losses while many others have seen their profits tumbling... 

Although the overall picture of losses and gains is still unclear, many securities enterprises reported contrast situations in 2012 with some posting up big profits while others incurred heavy losses. Around 40 securities have submitted 2012 financial statements to local stock watchdogs, of which only seven firms suffered losses. Sacombank Securities Company (SBS) incurred the biggest loss of around... 

Despite high selling pressure in the afternoon session, the local market still maintained its uptrend on Wednesday thanks to strong performances of many penny stocks, which have replaced large-caps to draw the capital flow of late. On the Hochiminh Stock Exchange (HOSE), early gains ran into a wall of profit taking later on at the 470-point level where resistance appeared quite strong. The VN-Index... 

The local market opened the week with another sluggish session on Monday as investors stayed on the sidelines. The VN-Index continued moving sideways, adding 1.45 points, or 0.38%, to close at 379.27 mainly due to late gains of MSN, CTG and PVD. Volume and value on the Hochiminh Stock Exchange tumbled 52% and 82.7% against the previous session to only 21.9 million shares worth VND324 billion. The... 

The local market staged a mild rebound on Monday as a number of blue-chips resumed uptrend on slowing selling pressure, with the VN-Index rising 2.01 points, or 0.54%, against last Friday to close at 377.27. Liquidity on the Hochiminh Stock Exchange (HOSE), however, fell back sharply as investors again stayed on the sidelines. Ending the day, there were around 31 million shares worth VND371 billion... 

Despite a slowdown in November CPI (consumer price index) figures of HCMC and Hanoi, the local stock market had yet to see a sustainable recovery as investors remained cautious. The VN-Index inched up a mild 0.71 point, or 0.18%, against the previous day to close at 397.71. The market opened in positive territory and ran up several points before hitting the daily high of 399.22 points and dropping... 

Despite a sharp rally last Friday, securities firms hold a cautious view, predicting stock markets would correct early this week because of strong resistances on the indexes of the southern and northern bourses. Ending last week, the VN-Index erased some earlier losses and inched up a slight 0.3% to close at 398.87. The HNX-Index, however, still lost nearly 2% and was near its 59-60 resistance range. Viet... 

The Hochiminh Stock Exchange (HOSE) has reported only eight newly-listed enterprises since early this year, falling sharply compared to previous years, said Tran Anh Dao, director of the listing department. HOSE is screening around eight to nine listing applications, so it is likely that this year’s number of newly-listed firms will be lower than in 2011, when around 30 enterprises debuted...