The VN-Index marched in place on Nov. 11, closing up a negligible 0.01 percent to end the day at 366 points.


A total of 16 million shares were traded on the day at a value of 518 billion VND (30.8 million USD).


Foreign investors were net sellers on the day, with
710,000 shares bought and 1.87 million units sold, for a net sales
figure of 79.2 billion VND (4.7 million USD).


Hoang Thi Hoa, director of the analysis department at
Viet Capital Securities, said supply and demand on the market were now
in relative balance, with liquidity being well maintained.


In the three final trading days of last week,
foreigners were net buyers with net buys worth 140 billion VND (8.3
million USD), Hoa noted.


Hoa said that lower interest rates and renewed foreign
investor interest were helping sustain a market still challenged by the
psychology of domestic investors, world market fluctuations, and the
impact of the US economic crisis on Vietnamese exports.


Analysts in general were predicting that many listed
firms would report lower profits in the fourth quarter and that more
bad economic news was on the way, including higher inflation in the
final two months of the year due to recent heavy rains and flooding.


In Hanoi on Nov. 10, the HASTC Index added 1.99
points, or 1.71 percent, to close at 118.35. About 9.57 million shares
changed hands for a total turnover of 273 billion VND (16.25 million
USD).


Asia Commercial Bank’s listing of 200 million
additional shares would present some challenges for the market this
week, EuroCapital Securities said in a report.