HNX Index

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.

Shares on the Hanoi Stock Exchange opened in a high note but soon returned to the negative territory as the waning liquidity eroded the investor confidence in a rebound although the market benchmark was about 16-month low. The money flow for equity market seemed to be tight as investors lacked confidence in the immediate rebound, traders said.

They bought 3,479,410 shares for VND 126.31 billion and sold 994,360 shares for VND 43.00 billion accounting for 11.88% buying value and 4.04% selling value on the HoSE. Foreigners top net buying list was HAG (VND8.95 billion), FPT (VND6.07 billion), PVD (VND5.49 billion), SSI (VND5.20 billion), and DIG (VND4.89 billion).

Excessive panics caused steep slumps in the past weeks, a stock analyst said. "Investors felt calmer after the weekend break," he added. The HNX-Index, the measure of 327 stocks, added 5.14 points, or 3.81%, to 140.11, extending the two-day gains to 6.12%. Last week, the benchmark sank 7.64% and touched the lowest close since May 15, 2009 on Thursday.

Foreign investors continued to be net buyers on the southern bourse but their buying activities slowed down to the lowest level in nearly a month while they net sold on the northern exchange. The slowdown indicated that these market players were cautious about market strong rally.

Foreign investors speeded up buying activities today on the southern bourse as many blue chips fell to the attractive price levels for long-term investment. Today these players net bought VND 83.95billion of Vietnamese shares on the Hochiminh Stock Exchange.

Shares Listing in Hanoi is a repeat of yesterday, with an increase in the first minute and a deeper downturn at the end, the trailing HNX-index requires an entire week to erode as investor confidence continued amid a fresh new non-support.

Many investors lost patience in keeping speculative stocks as the market performance continued to trail their targets, a stock analyst said. "Speculative stocks bring thick and quick returns for those jumping into a right time but claim more losses for those with bad time involvement," he added.

Today, these players VND16.9 net bought billions of Vietnamese shares in the hose after buying 2.65 million shares for VND120 million and sales of 3.26 million shares representing VND103.34 billion 10.68% of the purchase price and the sale value of 9.18% the stock market.

Shares on the Stock Exchange Hanoi ended a two-day event on the first trading day in August, the index HNX sends to the lowest close in seven months as investors lost patience when the liquidity continued drainage. The market opened on a positive note on the back of gains in Asia, but quickly sour and ended the day in lack