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... 

The local stock market may repeat sideways movements this week as the interest rate cuts announced last week were already priced in and failed to buoy investor sentiment. Viet Dragon Securities Company said the HCMC and Hanoi stock exchanges actually got no macroeconomic news last week. News of the establishment of the Vietnam asset management company and of the VND30-trillion subsidy package for... 

The local market on Wednesday was seeing another slack trading day until active put-through transactions in the afternoon session lifted its total turnover to over VND1.1 trillion, the highest level since April 17. On the Hochiminh Stock Exchange, trading value increased by 28% against the previous day but around 50% of the value came from put-through transactions and 26% from foreign buying. Notably,... 

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... 

Despite a sharp rebound in the afternoon session, the local market lost ground for the third straight session on Tuesday as some large-caps such as BVH, MSN and HAG still closed in the red. The VN-Index bounced 12 points off an intraday low of 466.56 points as the selling pressure carried over from Monday subsided and bottom-fishers jumped in. The main index closed the day at 478.07, dropping 1.95... 

As more investors locked in profits, the local market tumbled for the second straight session on Monday, pushing the VN-Index down by a hefty 14.25 points, or 2.88%, against last Friday to close at 480.02. MSN, VCB and VIC together shaved nearly eight points out of the total loss on the main index while GAS, the biggest constituent in the VN-Index, survived the downturn after announcing big earnings... 

Securities enterprises predicted that the market would enjoy a sharp rebound today after the VN-Index failed to hold important resistances last week, but then it will enter a deep correction phase. Last Friday, the market drifted to the downside throughout the morning and then dropped sharply in late afternoon, reminiscent of Wednesday’s ETF (exchange traded fund) driven sell-off. As the Wednesday’s... 

The local market gained ground for the second straight session on Monday as investors cheered the Government’s meeting on the establishment of the Vietnam Asset Management Company (VAMC), sending the VN-Index up 4.08 points, or 0.81%, against the previous day to close at 506.66. Volume and value on the southern exchange rose 7% and 15% against last Friday to 52 million shares worth over VND946 billion.... 

Securities firms said that the local markets will receive both good and bad news this month but there will be no information strong enough to set up a clear trend for both indices. The VN-Index closed the first week of April at 502.58, gaining 2.4% with improvement of 38% in turnover and 46% in foreign net inflows. The HNX-Index gained 1.2% to 61 with a 32% increase in trading value while foreign... 

The local market saw a steep decline in the second straight losing session on Thursday given concerns over suspensions of certain stocks, pushing the VN-Index down below the resistance of 500 points after just three days of staying above this level. The market seesawed in a narrow range before dropping back eight points and trading at this level until the end of the morning session. In the afternoon,...