Indices slip on sluggish trade

Shares closed off slightly for a second day on the HCM Stock Exchange,
with the VN-Index slipping by 0.17 percent on Oct.18 to end the session
at 457.59 points.

Trades continued sluggish, with only 26.4 million shares changing hands, worth just 686.5 billion VND (32.3 million USD).

Vietnam Mechanisation Electrification and Construction (MCG), the
most-active share on the day with 1.6 million traded, was also the day's
top gainer, closing up 4.8 percent as its shareholders commenced a
planned purchase of 3.2 million shares.

Buying by
foreign investors began slowing down, as they just picked only a net of
about 100,000 shares on the HCM City market, worth a net of 11 billion
VND (564,102 USD). They were net buyers on the Hanoi market, but by
a volume of just 354,100 shares, worth only 8.2 billion VND (420,512
USD).

On the Hanoi Stock Exchange, the HNX-Index
also fell for a second day, ending the session down 0.67 percent to
118.89 points.

The value of trades grew by 4.2
percent over Oct. 15 to 371.2 billion VND (19 million USD), on a total
volume of 17.3 million shares. PetroVietnam Construction (PVX) was the
most-active share on the northern bourse, with 1.7 million traded.

Ocean Bank deputy director Nguyen Hong Hai said that stock markets
were coping with shortage of new capital inflows as both major
institutional investors saw not many changes in market situation.

Tightened credit contributed to limit capital inflows, even as the
number of shares listed on the market was expected to continue
increasing through the end of the year, Hai said.

Vietnam International Securities Co analysts predicted that indices
would fluctuate with a narrow band this week, as economic fundamentals
were sound enough to prevent a steep dip in the market./.

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Foreign investors boost City shares

Shares made only modest gains on the HCM Stock Exchange Oct. 7, on
sluggish trading totalling just 36.5 million shares, worth only 977
billion VND (50 million USD).

The VN-Index closed up just 0.29 percent to 462.05 points after reaching as high as 467 points earlier in the session.

Heavy purchases by foreign investors in many blue chips helped lift
some shares, such as software giant FPT, developers Hoang Anh Gia Lai
(HAG), Masan Group (MSN) and Vincom (VIC), insurer Bao Viet Holdings
(BVH) and Phu My Fertilisers (DPM), but decliners outnumbered advancers
overall by 163-58.

Foreign investors accounted for over
half of overall market value on Oct. 7, responsible for transactions
totalling nearly 11.5 million shares and worth about 473.5 billion VND
(24.3 million USD). They were net buyers by a volume of nearly 6.7
million shares and a value of 301.2 billion VND (15.4 million USD).

Beta Securities Co analysts commented that Oct. 7's market gains were
entirely due to heavy foreign buys in blue chips and were not
sustainable.

Strong fluctuations on the foreign currency
market drove several institutional investors to increase securities
investments to disperse risk, added analysts from Saigon Securities Inc.

On the Hanoi Stock Exchange, which saw less impact from
foreign investors, the HNX-Index declined 1.78 percent on the day to
close at 122.62.

The volume of trades dropped by 20
percent from Oct. 6's session to about 23 million shares, with a value
of nearly 539 billion VND (27.6 million USD).

Losers
outnumbered gainers by 208-76, with PetroVietnam Construction (PVX)
again being the most-active share on a volume of 2.7 million. PVX closed
down 0.44 percent to 22,700 VND (1.15 USD).

Of the 10
leading shares by capitalisation on the northern bourse, Bao Viet
Securities (BVS), Tien Phong Plastics (NTP), PetroVietnam Insurance
(PVI) and PetroVietnam Technical Services (PVS) rallied.

Dramatic hikes in gold prices and the rising value of the US dollar on
the black market has spooked many domestic investors over the stability
of the economy, said Bao Viet Securities Co analyst Nguyen Duc Thi.

"There is no positive news currently supporting investor psychology,
and the market has not given any signs of a stable uptrend," Thi said./.

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Dow Jones rally lifts indexes

The VN-Index rose for the second day by 2.16 percent to close on Oct. 6's trade at 460.72 points, tracking Dow Jones' five-month high overnight.

Trading volume was back in the black with 37.6 million shares changing hands, worth a combined 1.01 trillion VND (1.8 million USD).

Almost all stocks on the HCM Stock Exchange reached the highest increase in price [5 percent] for penny stocks, including Cuong Thuan IDICO Development & Investment (CTI), Tay Bac Mineral Investment (KTB) and Binh Thanh Import-Export Production and Trade (GIL).

Blue chips also faired well on the southern bourse, such as Bao Viet Holdings (BVH), steel producer Pomina (POM), Tan Tao Industrial Park (ITA) and property trader Vincom (VIC).

Bank stocks rose slightly, despite concerns about lending rates, which have not decreased due to inflationary pressure.  

Sacombank (STB), considered the most active stocks at 2.05 million shares, and Eximbank (EIB) rose 0.1 percent and Vietcombank (VCB) rose 0.6 percent, while VietinBank (CTG) closed unchanged.

The HNX-Index of the Hanoi Stock Exchange rose by 2.31 percent on Oct. 6, closing at 124.84 points on a total volume of 28.9 million shares.

The day's trading value fell to 639.3 billion VND (32.8 million USD), down 11.2 percent from Oct.5's session, with PetroVietnam Construction (PVX) seeing the highest volume of 3.38 million shares.

Blue chips on the northern bourse rallied, including Asia Commercial Bank (ACB), up 0.2 percent; Bao Viet Securities (BVS), 0.6 percent; Kim Long Securities (KLS), 0.8 percent; and PVX, 1.1 percent.

Foreigners on Oct. 6 bought in 4.9 million shares in both stock exchanges, for a total value of 175.2 billion VND (nearly 9 million USD)./.

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Shares plunge on active trades

The volume of trades on the nation's stock markets picked up on Oct. 4,
but benchmark indices closed down on both exchanges.

On the HCM Stock Exchange, the VN-Index slid 1.3 percent from Oct. 1's
close to end Oct. 4's session at 445.83 points. But volume increased by
nearly 39 percent over Oct. 1's level to 49.45 million shares, with a
value of almost 1.19 trillion VND (61 million USD).

Ocean Group (OGC), which operates in the fields of banking and real
estate development, continued to be the most-active share, with over two
million traded. OGC closed off 4.74 percent to 30,100 VND (1.54 USD).

Of the 10 leading shares by capitalisation, only
three – Bao Viet Holdings (BVH), Hoang Anh Gia Lai (HAG) and Hoa Phat
Group (HPG) – posted gains. Overall, decliners outnumbered advancers by
an overwhelming 219-18.

On the Hanoi Stock Exchange,
the HNX-Index plunged by 3.89 percent to close at 120.92. However,
market volume rose by 92 percent to over 44 million shares, while the
value of trades increased by 68 percent to 931.1 billion VND (47.8
million USD).

Shares declined in value across the
board, with losers outnumbering gainers by 279-19, with all of the 10
leading shares by capitalisation declining in value.

PetroVietnam Construction (PVX) continued to be the most-active share
nationwide, with 5.3 million exchanged, but PVX declined by nearly 4
percent on Oct. 4 to close at 22,000 VND (1.13 USD) per share.

The number of new shares issued in the third quarter was nearly on par
with those issued in the first half of this year, the State Securities
Commission has reported. The value of shares made through public offers
reached more than 34.6 trillion VND (1.77 billion USD).

Foreign investors continued as net buyers on both exchanges on Oct. 4,
picking up over 4.8 million shares, worth a combined 162 billion VND
(8.3 million USD)./.

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Investors remain skittish about economy

Stock indices fell on both of the nation’s stock exchanges on Wednesday despite the State Bank of Vietnam’s announcement this week resolving investor uncertainty about Circular No 13, as well as economic growth announced by the General Statistics Office (GSO) at a healthy 6.52 percent in the first nine months of the year.

On the HCM Stock Exchange, the VN-Index closed down 0.48 percent to 452.94 points, despite rising throughout most of Sept. 29’s session. Over 33 million shares were exchanged, worth VND896.1 billion (US$46 million) – a decline of 15 percent in volume and 10 percent in value.

Decliners outnumbered advancers by 173-42.

Ocean Group continued as the most-active share on the southern bourse on a volume of just around a million shares, closing unchanged at VND32,200 ($1.65).

Of the 10 leading shares by capitalization, insurer Bao Viet Holdings (BVH), Eximbank (EIB) and real estate developer Vincom (VIC) posted gains, while software giant FPT (FPT), Sacombank (STB), and developers Hoang Anh Gia Lai (HAG) and Masan Group (MSN) declined.

On the Hanoi Stock Exchange, the HNX-Index fell by an even more substantial 2.12 percent to close the day at just 127.41 points. Market value declined by 14 percent to VND842.7 billion ($43.2 million) on a volume of 33.54 million shares, while losers outnumbered gainers by an overwhelming 264-38.

PetroVietnam Construction (PVX) resumed its role as the most-active share nationwide with 2.57 million shares traded, but the shares closed down 2.9 percent to VND23,300 ($1.95).

VNDirect Securities Co analyst Pham Vu Dong on Wednesday told financial information website cafef.vn that, excluding growth, all other economic indicators were unfavorable. He noted high inflation in September and a trade deficit that could reach $13.5 billion by year’s end, along with sluggish credit growth.

“The domestic economy is unlikely to undergo a sudden turnaround in the remaining months of the year,” Dong said.

Gold prices continued to lure investors away from stocks, as well, with domestic gold prices hitting another record high on the same day at over VND31 million ($1,590) per tael. A tael is equal to 1.2 troy ounces.

ACB Securities Co analysts also noted that Circular No 19, which supplements Circular No 13, retained the risk coefficient ratio for securities at 250 percent, a level unlikely to encourage banks to loan further funds for securities investment.

Foreign investors continued as net buyers on both exchanges on the same day, picking up VND38.5 billion ($2 million) worth of shares.

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Investors remain skittish about economy

Stock indices fell on both of the nation’s stock exchanges on Sept. 29
despite the State Bank of Vietnam’s announcement this week resolving
investor uncertainly about Circular No 13, as well as economic growth
announced by the General Statistics Office (GSO) at a healthy 6.52
percent in the first nine months of the year.

On the HCM Stock
Exchange, the VN-Index closed down 0.48 percent to 452.94 points,
despite rising throughout most of Sept. 29’s session. Over 33 million
shares were exchanged, worth 896.1 billion VND (46 million USD) – a
decline of 15 percent in volume and 10 percent in value.

Decliners outnumbered advancers by 173-42.

Ocean
Group continued as the most-active share on the southern bourse on a
volume of just around a million shares, closing unchanged at 32,200 VND
(1.65 USD).

Of the 10 leading shares by
capitalisation, insurer Bao Viet Holdings (BVH), Eximbank (EIB) and real
estate developer Vincom (VIC) posted gains, while software giant FPT
(FPT), Sacombank (STB), and developers Hoang Anh Gia Lai (HAG) and Masan
Group (MSN) declined.

On the Hanoi Stock Exchange, the HNX-Index
fell by an even more substantial 2.12 percent to close the day at just
127.41 points. Market value declined by 14 percent to 842.7 billion VND
(43.2 million USD) on a volume of 33.54 million shares, while losers
outnumbered gainers by an overwhelming 264-38.

PetroVietnam
Construction (PVX) resumed its role as the most-active share nationwide
with 2.57 million shares traded, but the shares closed down 2.9 percent
to 23,300 VND (1.95 USD).

VNDirect Securities Co
analyst Pham Vu Dong on Sept. 29 told financial information website
cafef.vn that, excluding growth, all other economic indicators were
unfavourable. He noted high inflation in September and a trade deficit
that could reach 13.5 billion USD by year’s end, along with sluggish
credit growth.

“The domestic economy is unlikely to undergo a sudden turna-round in the remaining months of the year,” Dong said.

Gold
prices continued to lure investors away from stocks, as well, with
domestic gold prices hitting another record high on Sept. 29 at over 31
million VND (1,590 USD) per tael. (A tael is equal to 1.2 troy ounces).

ACB
Securities Co analysts also noted that Circular No 19, which
supplements Circular No 13, retained the risk coefficient ratio for
securities at 250 percent, a level unlikely to encourage banks to loan
further funds for securities investment.

Foreign investors
continued as net buyers on both exchanges on Sept. 29, picking up 38.5
billion VND (2 million USD) worth of shares./.

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State bank decision stabilises markets

Shares advanced on the nation's stock exchanges on Sept. 28 as the
central bank's final decision on Circular No 13 helped settle investor
psychology.

The State Bank of Vietnam's decision, issued late Monday, allows banks
to lend 25 percent of their non-term deposits and count State Treasury
and loans from other credit institutions of terms of three months or
longer as part of their reserves for lending.

The
decision is expected to help ease the capital crunch that banks feared
due to Circular No 13's stricter capital adequacy requirements, which
will take effect on Friday as previously announced.

The central bank on Sept. 28 also decided to keep the prime interest rate at 8 percent for an 11th consecutive month.

On the HCM Stock Exchange, the VN-Index closed up 1.1 percent to
455.13 points. Market value rose by 10 percent over Monday's session to
slightly over 1 trillion VND (53.8 million USD) on a volume of almost 39
million shares.

Advancers outnumbered decliners by
150-57, with Sacombank (STB) the most-active share with over 3 million
changing hands. STB rose for a second day and closed up 1.2 percent to
17,000 VND (0.87 USD) per share.

Of the 10 leading
shares by capitalisation, nine posted gains, with insurer Bao Viet
Holdings (BVH) and property developer Vincom (VIC) rising to their
ceiling price.

Ha Thanh Securities Co's head of
analysis and investment, Tran Van Don, said the impacts of Circular No
13 had dissipated and the market was unlikely to react dramatically.

Many investors remained watchful, Don said, noting the modest increase in trading volume and value on Sept. 28.

He predicted that rising inflation would cause banks difficulties in
lowering interest rates, putting further pressure on the markets.

Duong Hong Ha, chief analyst of Tri Viet Securities Co, agreed the
domestic stock market was unlikely to see any explosive development in
light of rising inflation, high interest rates and a large volume of new
shares to list by year's end.

On the Hanoi Stock
Exchange, the HNX-Index advanced on Sept. 28 by a modest 0.18 percent to
close at 130.17 points. Volume hit 34.6 million shares worth 981.6
billion VND (50.3 million USD) – an increase by 39.5 percent in volume
and nearly 60 percent in value – while gainers outnumbered losers by
203-72. /.

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Blue chips stave off market dive

A rebound in blue chips in the final minutes of Sept. 23's session on
the HCM Stock Exchange helped saved the market from a steeper decline
and allowed the VN-Index to close off just 0.69 percent to 450.77 points
– after falling to as low as 447 earlier in the day.

Transactions were sluggish throughout most of the session, while decliners outnumbered advancers overall by 184-36.

Ocean Group (OGC) was again the most-active share, with almost 4
million sold. However, the shares plunged by 4.46 percent to end the day
at a price of 34,200 VND (1.75 USD) per share.

On the Hanoi Stock Exchange, the HNX-Index declined by a more dramatic 1.29 percent Sept. 23, closing at 129.83 points.

However, volume rose by 41 percent over the previous day's session to
36.7 million shares, worth 879.6 billion VND (45.1 million USD).

PetroVietnam Construction (PVX) continued to be the most
heavily-traded share nationwide, with almost 4.4 million changing hands,
but PVX closed off by over 2.9 percent to a price of 23,200 VND (1.19
USD) per share.

HCM City Securities Co analysts on
Sept. 23 wrote that investors were still awaiting September inflations
figures as well as the results of the State Bank of Vietnam 's
review of its Circular No 13, which would impose stricter risk
management requirements on commercial banks.

Until investors received more data, they suggested, the market would continue to tread water.

Vu Thanh Tung, who represents an investment fund from the Republic
of Korea in Hanoi , agreed that investors were looking for clearer
signs of economic trends in the final quarter of the year,
particularly regarding inflation, interest rates and foreign exchange
rates, before making investment decisions./.

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Shares stall on sluggish volumes

The VN-Index closed up a modest 0.13 percent Sept. 22 to 453.9 points,
while the volume of trade on the HCM Stock Exchange declined by a
whopping 42 percent from the previous day's level to just 33.3 million
shares, worth a combined 907 billion VND (46.5 million USD).

Decliners outnumbered advancers by 105-80, but a number of blue chips
managed gains, including Bao Viet Holdings (BVH), Vietcombank (VCB), Phu
My Fertiliser (DPM), Hoa Phat Group (HPG), Kinh Bac City Development
(KBC), Kinh Do Corp (KDC) and PetroVietnam Finance (PVF).

Ocean Group (OGC) continued as the most-active share on the exchange,
although volume retreated to just 2.33 million shares, a decrease of
nearly 84 percent. OGC shares, meanwhile, dropped to their floor price
of 35,800 VND (1.85 USD)) per share.

On the Hanoi Stock Exchange, the HNX-Index closed largely unchanged at 131.53.

About 26 million shares changed hands, worth 655 billion VND (33.6
million USD) – a decrease of about 35 percent in both volume and value
from the previous day's levels, while losers outnumbers advancers by
176-99.

PetroVietnam Construction (PVX) continued as the most-active share on the northern bourse, with 2.1 million traded.

The gold market continued to draw investor attention, with the
domestic gold price hitting a new record high of 30.26 million VND
(1,552 USD) per tael on on Sept. 22, up 180,000 VND from a day earlier
(a tael is equivalent to 1.2 ounces). The world gold price, meanwhile,
topped 1,290 USD) per ounce overnight.

Foreign investors were net buyers on both bourses on Sept. 22, picking up 65.7 billion VND (3.4 million USD) worth of shares./.

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Shares stall on inflation data

The nation's two stock exchanges opened down on Tuesday on news late Monday that the nation's inflation rate had heated up in September, with one-month increase in consumer prices in both Hanoi and Ho Chi Minh City of nearly 1 percent.

On the HCM Stock Exchange, the VN-Index closed down by nearly 1 percent to 453.32, although the value of trades rose by 16 percent to VND1.7 trillion (US$87.2 million), on a volume of nearly 57.2 million shares.

Of the 10 leading shares by capitalization, only Bao Viet Holdings (BVH) and Masan Group (MSN) saw gains on the day. Overall, losers outnumbered gainers on the HCMC market by 142-56.

Ocean Group (OGC) surprised for the second day as the most-active share, generating a record volume of over 14.3 million shares – about 26 percent of overall market volume. But the shares, after declining early in the session, soared to their ceiling price by the end of the session, closing at VND37,600 ($1.93).

On the Hanoi Stock Exchange on Tuesday, the HNX-Index slid 1.31 percent to end the session at 131.57 points. The volume of trades dropped 23 percent to about 40.4 million shares, worth just over VND1 trillion ($51.3 million).

Declines outnumbered advancers by five-to-one, while seven of the 10 leading shares by capitalization declined.

PetroVietnam Construction (PVX) remained the most heavily-traded share on the northern bourse, with 5 million traded. PVX closed down 2 percent to VND24,300 ($1.25) per share.

Foreign investors were net buyers by value on the HCMC market on the same day of VND13.2 billion ($676,900) worth of shares, while they were net sellers in Hanoi of shares worth VND1.65 billion ($84,600).

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Shares stall on inflation data

The nation's two stock exchanges opened down on Sept.21 on news late
Sept.20 that the nation's inflation rate had heated up in September,
with one-month increase in consumer prices in both Hanoi and HCM City of
nearly 1 percent.

On the HCM Stock Exchange, the VN-Index
closed down by nearly 1 percent to 453.32, although the value of trades
rose by 16 percent to 1.7 trillion VND (87.2 million USD), on a volume
of nearly 57.2 million shares.

Of the 10 leading shares by
capitalisation, only Bao Viet Holdings (BVH) and Masan Group (MSN) saw
gains on the day. Overall, losers outnumbered gainers on the HCM
City market by 142-56.

Ocean Group (OGC) surprised for
the second day as the most-active share, generating a record volume of
over 14.3 million shares – about 26 percent of overall market volume.
But the shares, after declining early in the session, soared to their
ceiling price by the end of the session, closing at 37,600 VND (1.93
USD).

On the Hanoi Stock Exchange on Sept. 21, the
HNX-Index slid 1.31 percent to end the session at 131.57 points. The
volume of trades dropped 23 percent to about 40.4 million shares, worth
just over 1 trillion VND (51.3 million USD).

Declines outnumbered advancers by five-to-one, while seven of the 10 leading shares by capitalisation declined.

PetroVietnam Construction (PVX) remained the most heavily-traded share
on the northern bourse, with 5 million traded. PVX closed down 2 percent
to 24,300 VND (1.25 USD) per share.

Foreign
investors were net buyers by value on the HCM City market on Sept.
21 of 13.2 billion VND (676,900 USD) worth of shares, while they were
net sellers in Hanoi of shares worth 1.65 billion VND (84,600 USD)./.

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Volumes up on uncertain start

Following Sept. 17 strong rally on the HCM City Stock Exchange, the
VN-Index opened high at over 462 points but ended session essentially
unchanged at 457.87 on Sept. 20.

The volume of
trades, however, rose by 10 percent over the previous session level to
over 53.8 million shares, with a combined value of 1.46 trillion VND
(74.9 million USD).

Advancers outnumbered decliners
during the session by 116-93, with five of the ten leading shares by
capitalisation posting gains, including Eximbank (EIB), Sacombank (STB),
Vincom (VIC), Bao Viet Holdings (BVH) and Phu My Fertilisers (DPM).

Ocean Group (OGC), the most-active share on the southern bourse with
3.4 million traded, lost nearly 2.2 percent of its value.

On the Hanoi Stock Exchange, the HNX-Index closed up by 0.35 percent
to 133.31 points. Volume reached 52.5 million shares, worth 1.28
trillion VND (65.6 million USD), while advancers narrowly outnumbered
decliners by 137-123.

PetroVietnam Construction
(PVX) continued to be the most heavily-traded share nationwide, with a
volume of over 7.6 million shares. However, Kim Long Securities Co (KLS)
saw a notable increase in volume, with over 7.2 million shares traded.

Foreign investors continued to demonstrate faith in
the market, however. They picked up a net of nearly 4 million shares on
both exchanges, worth a net of 131 billion VND (6.7 million USD). Ocean
Group (OGC) was their most heavily-favoured share, with over 1.5 million
bought./.

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Markets wrestle with bears

The VN-Index closed essentially flat Sept. 15 at 448.72 points, saved
from a decline by a steady performance by major shares late in the
session on the HCM Stock Exchange.

Advancing blue
chips included Bao Viet Holdings (BVH), up 1.9 percent, and Ocean Group
(OGC) – Sept. 15's most-active share, with 2.7 million traded – up 1.3
percent

The volume of trades rose 3.7 percent over
Sept. 14's session, to 38.4 million shares, worth just over 1 trillion
VND (52 million USD).

Foreign investors returned to
being net buyers on both of the nation's stock exchanges, picking up a
net of 3.8 million shares worth 134.3 billion VND (6.9 million USD).

On the Hanoi Stock Exchange Sept. 15, the HNX-Index plunged by nearly
2.1 percent to close at 127.21 points, whiping out Sept. 14's 's gains.

About 222 codes declined, while only 59 listed stocks rallying and 30 shares closing unchanged.

Volume remained meagre, with 27.8 million shares changing hands,
generating a turnover of just 665.8 billion VND (34.1 million USD)./.

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Vinamilk sells coffee plant to Trung Nguyen

HCM CITY — The HCM City Stock Exchange-listed Vinamilk yesterday announced the sale of Sai Gon Coffee Factory to coffee giant Trung Nguyen Company.

The two did not, however, disclose the price of the six-hectare factory in My Phuoc 2 Industrial Park in southern Binh Duong Province.

The factory has an annual capacity of processing 30,000 tonnes of products including instant coffee and canned coffee drink. The purchase will help increase Trung Nguyen's annual capacity to around 45,000 tonnes, according to Le Tuyen, marketing and communication manager of the coffee major.

It is part of his company's development strategy for the next five years during which it will make investments of VND2.2 trillion (US$115 million).

Before the purchase, Trung Nguyen had two plants for roasting and grinding coffee beans and two others for producing instant coffee.

Ngo Thi Thu Trang, managing director of Vinamilk, said the sale will help her company focus on its core business.

Also yesterday Vinamilk informed the HCM City Stock Exchange that it has got clearance from the Ministry of Planning and Investment for investing in a dairy project in New Zealand.

Vinamilk will buy a 19.3 per cent stake in Miraka Ltd, which will build a dairy factory at the cost of $121 million to be capable of producing 32,000 tonnes of milk powder annually. It will begin production in August 2011. — VNS

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Last-minute profit-taking weighs on VN-Index

Heavy sales in the final minutes of Sept. 10's session on the HCM Stock
Exchange dragged the VN-Index down to a close of 451.39 points, a
decline of 2.65 percent.

The volume of trades
continued to be modest at 52.5 million shares, totalling 1.3 trillion
VND (66.7 million USD), while Saigon Securities Inc (SSI) reclaimed the
place as the most active share, responsible for 2.27 million trades.

Blue chips did lose ground on Sept. 10. Masan Group (MSN) was one of
the few to escape the fall, closing unchanged at 49,000 VND. But Bao
Viet Holdings (BVH) plunged to its floor price, closing off 5 percent to
47,500 VND per share.

Among 26 gainers on the day, most were penny stocks.

Foreign investors contributed to the market correction by meagre buys
in HCM City, picking up a net of just 600,000 shares, worth 26.6 billion
VND (1.36 million USD).

On the Hanoi Stock Exchange, the HNX-Index shed 3.74 percent to end the session at 131.15 points.

The value of trades once again exceeded that on the HCM City exchange,
reaching 1.37 trillion VND (70.2 million USD) on a volume of 57.8
million shares.

Foreign investors were net sellers Sept. 10 in Hanoi, offloading a net of 97,000, worth 2.69 billion VND.

The next session on September 13 on HCM Stock Exchange would see the
introduction of a lengthened period of continuous trading. This change
was expected to boost trades./.

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Markets snap six-day win streak

The VN-Index receded 1.16 percent on Sept.7 to close at 460.59 points, ending six consecutive sessions of gains on the HCM Stock Exchange.

The volume of trades reached just 52 million shares, totalling 1.3 trillion VND (66.7 million USD), with decliners outnumbering advancers by 112-73.

 Many blue chips lost ground, including Sacombank (STB), which ended the day off by over 3 percent; software giant FPT, which fell 1.35 percent; Eximbank (EIB), down 1.12 percent, and steel producer Hoa Phat Group (HPG), off 3.74 percent.

Saigon Securities Inc (SSI) – the most active share, with 2.2 million traded – plunged by 2.34 percent to just 29,200 VND (1.4 USD) per share.

On the Hanoi Stock Exchange on Sept.7, the HNX-Index managed to close flat at 135.65 points, while volume improved to 51.2 million shares, worth a combined 1.3 trillion    VND (66.6 million USD).

Among blue chip shares on the northern bourse, however, only Kim Long Securities Co (KLS) saw an advance, gaining 0.62 percent to close at 16,200 VND.

PetroVietnam Construction (PVX), the most-active share with 5.4 million traded, posted a decline of 0.81 percent.

Foreign investors were net sellers on both markets on Sept.7 by a net value of 28.8 billion VND (1.5 million USD)./.

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Shares cement pre-holiday gains

The market built on its pre-holiday gains on Sept. 6, with the VN-Index rising an additional 1.58 percent to 466 points.

The volume of trades on the HCM Stock Exchange also continued to
revive, increasing by nearly 18 percent from last Wednesday's session to
55.1 million shares, with a value of 1.5 trillion VND (76.9 million
USD).

Profit-taking increased at
mid-session, causing the Index to recede from a high point of 470
during the session, said Dinh Thi My Hanh, a market analyst with a
Hanoi-based securities firm.

"However, purchasing power was maintained throughout the day," Hanh said.

Banking stocks performed well despite unfavourable news late last
week, including Fitch's downgrading of Vietcombank and Asia Commercial
Bank and the decline in Sacombank's net profit following an audit of its
financial statements.

Sacombank (STB)
shares still rose 1.85 percent on the day, while Eximbank (EIB) gained
an even more impressive 4.17 percent. Vietcombank (VCB), meanwhile,
declined by 1.04 percent.

Foreign investors
were net buyers of 2.2 million shares on the HCM City market,
worth a net of 70.6 billion VND (3.6 million USD).

On the Hanoi Stock Exchange, the HNX-Index gained 3.9 percent over
last Wednesday's close to end the session at 136.8 points. Volume on the
northern bourse receded by 2.8 percent, however, to just 36.3 million
shares, worth an anaemic 880.5 billion VND (45.1 million USD).

"The drop in volume is not worrying since sellers continue to hold onto stocks waiting for higher prices," Hanh said.

Foreign investors were net sellers on the Hanoi exchange by a
volume of only 20,000 shares, worth a net of just 1.3 billion VND.

Pham Thanh Thai Linh, head of analysis for Bao Viet Securities Co,
said that capital inflow this month would be carefully directed towards
fundamental investments and not as random as in the previous period,
thanks to the more settled state of the economy.

A survey by Bao Viet Securities also found that about 60 listed firms
were intending to spend about 7 trillion VND (359 million USD) on share
buybacks in the near future, Linh said.

Linh
pointed to three sectors for investment this month with the highest
potential – real estate, consumer goods and industrial services./.

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Securities markets stop losing streak

Shares regained a little lost ground on both national stock exchanges on
August 26 after three days of steep declines, helped by an overnight
recovery on Wall Street.

The gains were achieved despite the State Bank of Vietnam 's
announcement late Wednesday that it would keep the prime interest rate
at 8 percent for the month of September, extinguishing market hopes that
the prime rate might decline by up to a percentage point.

On the HCM Stock Exchange, the VN-Index closed up 0.75 percent to
427.07 points. The value of trades declined 22 percent to 954.6 billion
VND (49.5 million USD) on a volume of 39.36 million shares.

Heavy investor interest lifted the VN-Index to nearly 430 points in the early session before it slid back to 427 points.

"The advance drove many investors to sell out instead of buying," said
independent analyst To Tran Hoa. "Pressure to sell shares pledged as
collateral remains huge."

Among the 10 leading shares by
capitalisation, seven posted gains while only food giant Masan Group
(MSN) slumped, closing down 2.12 percent. Advancers outnumbered
decliners overall, but by a fairly narrow margin of 112-102, with 44
shares unchanged.

Refrigeration & Electrical
Engineering (REE) was the most-active share on the HCM City
bourse, with 1.28 million changing hands. REE finished the day at 16,000
VND (0.83 USD), a gain of 3.23 percent.

On the Hanoi
Stock Exchange, the HNX-Index rose by 0.61 percent to nearly 120 points.
Market value fell by 10 percent to 683 billion VND (35.4 million USD),
with 31.4 million shares traded.

Losers outnumbered
gainers on the northern bourse by 137-132, while blue chips recovered
slightly across the board, including Asia Commercial Bank (ACB), up 0.36
percent; construction giant Vinaconex (VCG), up over 2 percent; Kim
Long Securities (KLS), up 1.55 percent; and PetroVietnam Construction
(PVX), up 1.47 percent.

PVX continued as the most-active share nationwide on a volume of 4.5 million.

Hoa said cautious investor psychology still weighed on the market, with traders distrusting any signs of a rebound.

"Sell orders have not slowed down," said Hoa. "Many investors want to wait a couple more sessions for clearer signs."

Foreign investors surprised market watchers as they turned from net
buyers to net sellers on both exchanges on the trading session,
offloading a net of over 500,000 shares, worth in excess of 20 billion
VND (1 million USD)./.

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Shares plunge to 16-month lows

The stock market tracked plunges on world markets on Aug. 25 as shares
on both national exchanges accelerated their prolonged decline.

On the HCM Stock Exchange, the VN-Index declined by 2.42 percent from
August 24's session to close at 423.89 points – its lowest level since
May 2009. The Index has shed a cumulative 30 points, or 7 percent of its
value, since the market opened this week.

However,
as the Index headed for the landmark of 400 points, bottom-catching
investors accelerated buys, lifting market volume on the southern bourse
on Aug. 25 to 50.5 million shares worth a combined 1.23 trillion VND
(63.7 million USD), an increase of 8 percent in volume and 7 percent in
value. Decliners outnumbered advancers by 222-20.

Pressure to sell shares pledged as collateral from banks and securities
companies depressed many blue chips. Saigon Securities Inc (SSI), Bao
Viet Holdings (BVH), Song Da Urban and Industrial Zone Investment (SJS),
Hoa Sen Group (HSG) and Tu Liem Urban Development (NTL) were traded at
their floor prices.

A few shares went against the
market trend to gain in value, largely due to buys by foreign investors,
including Phu My Fertilisers (DPM) and PetroVietnam Drilling (PVD).

Foreign investors on the HCM Stock Exchange on Aug. 25
tripled their net buys overall to 3.45 million shares, worth 79 billion
VND (4.1 million USD).

PetroVietnam Finance (PVF),
meanwhile, surprised the market, managing to rise to its ceiling price
by the end of the session after being traded at its floor price
throughout much of the morning.

On the Hanoi Stock Exchange, the HNX-Index also plummeted by 4.49 percent to a 16-month low of 118.81 points.

Market value declined slightly to 753.6 billion VND (39 million USD)
on a volume of 36 million shares. Of 286 decliners, 199 closed at their
floor prices.

PetroVietnam Construction (PVX)
continued as the most-active share nationwide on a volume of 6.8
million, but slid by 5.56 percent to a close of 20,300 VND (1.05 USD)
per share.

Foreign sectors continued as net sellers
on the Hanoi bourse, responsible for 4.6 billion VND (238,400 USD)
worth of shares./.

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Stocks slump to one-year low

Shares continued their downward spiral again on the two national stock
exchanges on August 23, reversing the unexpected rebound on previous
trading day despite news that the State Bank of Vietnam may back off
from imposing stricter capital adequacy requirements on the nation's
commercial banks.

On the HCM Stock Exchange, the VN-Index opened the week down 1.52
percent to 447.92, its lowest point since the beginning of the year.

Trading volume and value also hit rock-bottom for the year. Only 22.8
million shares changed hands, worth a combined 611 billion VND (31.7
million USD). Both figures represented declines of 33 percent from
August 20’s levels.

Meanwhile, only 34 shares advanced on the day, against 183 decliners, 28 of which dropped to their floor prices.

Heavy sales of Tan Tao Investment & Industry (ITA) lifted ITA to
the spot as most-active share on the day, but with only a million
traded. ITA closed down 4.55 percent to 18,900 VND (0.98 USD) per share.

On the Hanoi Stock Exchange, the HNX-Index also
fell by 1.77 percent to close at 129.09 points. The volume of trades
reached 19.3 million shares worth only 470 billion VND (24.3 million
USD), declines of 30 percent from August 20 in both volume and value.

Losers outnumbered gainers by 236-54, with
PetroVietnam Construction (PVX) the most-active share on a volume of 2.2
million.

A few shares managed to rise to their
ceiling prices, including An Phat Plastic and Green Environment Co
(AAA), following an announcement that Japan's Maruzen Kanri Kaihatsu Co
Ltd intended to buy a 25 percent stake in the company, and Long An
School Book and Equipment (LBE) as investors expected positive earnings
in the third quarter from the publishing and educational supplies
companies.

Nevertheless, foreign investors concluded
August 23 as net sellers on the HCM City market, offloading 37 billion
VND (1.9 million USD) worth of shares. They remained net buyers in
Hanoi, picking up 57,800 shares worth 940 million VND (48,700 USD)./.

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