Vietnam Stock Market

Any sharp recovery without market driving factors would likely live short and 480 is seen as a resistance now. The benchmark VNIndex had an impressive performance yesterday with gainers outpaced losers by a whopping 49-to-1 ratio. But any sharp recovery without market driving factors would likely live short and 480 is seen as a resistance now.

The market will be hoping for at least a half year delay in the substantive implementation of most of the key provisions of Decree 13. In other words a too aggressive step-up after January 1st might mean a fairly short lived rally. But if the step up is seen as gradual then its likely the market will start to move

Sai Gon Asset Management (SAM) has announced that its Viet Nam Equity Holding (VEH) and Viet Nam Property Holding (VPH), which are Viet Nam-focused and listed on the Frankfurt Stock Exchange and Xetra, enjoyed good asset value growth in the second quarter.

Market insiders said that current market provides a great opportunities for value and long term investors to enter. Michel Tosto wrote in a note to Viet Capital Securitiess clients that "Word is that a few securities, who are heavy margin lenders, have started to do margin calls as the index breached the 450 level" and saw this as a great

Thang Long Securities (TLS), Vietnam biggest brokerage service provider, in its August 10 research report recommends investors to buy shares of KDC on its attractive share price despite the company EPS has been adjusted down.

SBS technical analysts classify VNIndex as a range trading market now and another decline of 15 points will likely set the indicator for the primary bear market. Technically, there should be some support at 430, the last chance for the bulls to make their case for a resumption of the bull market and if the panic increases, we could see

Word is that a few securities, who are heavy margin lenders, have started to do margin calls as the index breached the 450 level, a level where those who borrowed 60% of the value of their stock are pushed to sell before being under the water, exacerbating the selling pressure weve all seen on August 12.

PetroVietnam Gas Corporation, one of the three top hits of the state oil company PetroVietnam, will have its initial public offering on the Ho Chi Minh City Stock Exchange next month, the company has announced. PetroVietnam Gas (PV Gas) plans to sell shares to the public, representing 10 percent of the share capital of 1 billion over VND18.9 trillion (U.S.

APEC Securities bought 393,000 shares of grocery store owner Tong Bach Hoa Co, so that they share a 12.6 per cent. The stock-holding APEC Securities allowed in real estate projects of the company, including the construction of a housing estate in an area 24 882 m to invest The project is expected to begin in early 2011 and generate once

Foreign investors net bought VND555 billion (U.S. $ 29,200,000) Total value of shares on the HCM City Stock Exchange in July, a decrease of almost 40 percent since June. their total net purchases reached VND6.7 trillion ($ 352,600,000) in the first seven months of this year.