Vietnam Stock Market

The measure lost 0.57 point, or 1.23%, to close at 45.72. The market volume increased at 779,335 shares worth VND9.93 billion. The gauge started at a base benchmark of 100 points on June 24, 2009 but it has never been back to that level.

Foreign investors remained strong buying interest when the index level sank to the 52 weeks low the on the HOSE and investors began to hunt bargain. They kept net sell position on the HNX. Today these players net bought VND 79.17 billion of Vietnamese shares on the Hochiminh Stock Exchange.

Vietnamese stocks continued to tumble on August 25 on massive selling as investors fears the market went further into bear market after losing over 20%. Liquidity however rose sharply on bottom catching efforts.

This is the third time this year the figure has been brought lower than the target 20% of the export revenue set by the National Assembly. In Jan-August, Vietnam exported $44.52 billion worth of goods, up 19.7% from a year ago while the country spent $52.68 billion to import goods, up 24.4% on year.

There is no supporting news to redirect the market while negative information continues to be released, a stock analyst said. Vietnam suffered a trade gap of $8.15 billion in the first eight months of this yea, equal to 18.3% of export revenues - the first time to stand below 20% this year, the Government Statistics Office said.

There is no ground to convince investors to keep their risk assets amid mountains of bad news, traders said. Steep global slumps continued to weigh on the local investor sentiment while domestic headlines discouraged investors to increase their holdings. The VN-Index, the measure of 253 stocks and five closed-end funds, lost 10.53 points, or 2.42%, to end at 423.89, the