Vietnam Stock Market

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.

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.

The Ho Chi Minh City Stock Exchanges VN Index slumped 3% to 434.42 at the 11 a.m. local-time close, extending its decline from this years high on May 6 to more than 20%, which analysts define as a bear market.

On aggregate, the CPI was up 8.18% over the same period last year and 8.61% in comparison with the first eight months of last year. Most commodities groups rose slightly, ranging from a low of 0.1 to a high of 0.6%. Education saw the highest increase of 1.29%, while the only decrease was experienced by post and telecoms at 4.55%.

The highest price in the auction was 11,300 dong each and the lowest price 10,000 dong each, average price at 10,055 dong each. Nine individuals bought the firms shares with total value of 128 billion dong.

Procedure & Trading Metal JSC (coded KKC) announced September 1 as ex-dividend date and September 6 as registration deadline to close the shareholders list for 2009 last round dividend payment in cash at ratio of 2:1 or 2,000 dong and September 21 as payment date.

Licogi 16 Joint Stock Company (Licogi 16-coded LCG) announced September 1 as ex-dividend date and September 6 as registration deadline to close the shareholders list to collect approvals for cancelling issuance of convertible bonds and supplementing the management boards members.

The demand for construction materials has declined by 20-30 percent. In fact, there were many construction sites that halted the construction works because of rainy season. However, the prices of construction materials such as steel, cement have increased.

In details, Sep 3 would be ex-dividend session and Sep 7 registration deadline to close the shareholders list for advancing first phase dividend in cash with applied rate of 15 percent. The payment date would be Sep 21.

Foreign investors remained their buying activities and focused on blue chips today on both of 2 bourses for the long-term investment. Today these players net bought VND 45.30 billion of Vietnamese shares on the Hochiminh Stock Exchange.