VN Index

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.

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

Aggressive bid at the ATC (at the close) session lifted the market from the negative territory after investors heard that the Prime Minister told the central bank to make necessary amendments to the Circular 13 which were opposed by many commercial banks, a stock expert said. "The circular is one of key factors that squeeze the market liquidity," he added.

The strong gains will be supported by the governments efforts to boost money supply and credits to the economy by the end of this quarter, speed up state budget-funded projects, Hien said, expecting cash inflows into shares may also be stronger.

Vietnamese stocks extended loss on August 19 on concerns over high supply in the coming time and still weak liquidity. The benchmark VN Index fell 3.26 points or 0.72% to 452.23. Volume shrank to 31.55 million shares traded for VND873 billion compared to 37.46 million shares traded for VND991.53 billion on August 18.

Stocks on the Hochiminh Stock Exchange (HOSE) declined for a third day as the rallying confidence continued eroding in the wake of waning liquidity and dilution concerns. Investors risk aversion strengthened as there is no clear sign of sustained rally in sight, a stock analyst said. "Losing liquidity and oversupply concerns continue to weigh on the market," he said.

The benchmark VN Index gave up 1.24 points or 0.26% to 463.52. Volume squeezed to 36.7 million shares traded for VND1.063 trillion compared to 42.9 million shares traded for VND1.293 trillion on August 16. The lower volume indicated that caution increased but it should be noted that the market closed at the high of the day and the level 460

Stocks on the Hochiminh Stock Exchange (HOSE) opened a new week in a high note to extend the winning streak to two days as investors rushed to buy shares on speculation that shares were attractive cheap. Gains accelerated through the day as bids surged, a stock analyst said. "Mounting buying force sent many shares to close at the high of

Vietnamese stocks surged the most in nearly 7 months on August 16 as investors hurried to buy shares on hopes of a sharp recovery after the benchmark lost over 6% last week and their sentiment has improved over the weekend.

The market opened at the low of the day as sellers lost control amid Wall Street stumble last night. However, the buying interest by bargain hunters and proprietary traders helped pared the market losses and finally sent the benchmark back to the positive ground.