kieudiemvje
25-02-2010, 03:56 PM
The HCM City Stock Exchange on Wednesday saw increased trading, but the VN-Index nevertheless slid by another 0.34 percent to a close of 494.59 points, with over 60 percent of codes losing value over the course of the session. Meanwhile, shares rebounded on the Ha Noi market.
The value of the day's trades rose by 10 percent to reach VND1.2 trillion (US$63 million) while overall trading volume increased to nearly 26.4 million shares. Sacombank (STB) reclaimed the position of the most-active share on the southern bourse with 1.26 million traded.
The risk of inflation reigniting in March continued to colour investor sentiment yesterday.
Vu Dinh Anh, Deputy Head of the Market and Price Research Institute, said the recent depreciation of the Vietnamese dong and this week's announcement of proposed higher petrol prices and electricity rates, the latter effective March 1, would hinder the Government's effort to keep inflation this year at within 7 percent.
"CPI in March is important and sensitive, as it tends to determine the overall inflation rate for the year," Anh said. If one-month inflation in March hit 0.5-1 percent, the year's inflation rate was likely to reach double-digit levels, he said.
The market could see some adjustment in official monetary policy in an effort to curb inflation, said Vincom Securities Company analysts in a market forecast.
Although still wary and cautious, investors also became calmer yesterday after the Tuesday heavily sagging session and raised their buys, cushioning the fall of the VN-Index yesterday, wrote FPT Securities Company analysts in a daily report.
"Share supply still outweighed demand," it wrote. "However, share purchases increased considerably up to the closing bell of the session, concentrating on blue chips such as Saigon Securities Inc (SSI), Sacombank (STB) and Vietcombank (VCB)."
On the Ha Noi Stock Exchange, meanwhile, the HNX-Index rebounded by 0.75 percent to close at 162.77. Trading value rose by nearly 14 percent over Tuesday's level, totalling VND374.6 billion ($19.7 million) on a volume of 11.7 million shares.
Over 55 percent of codes on the northern bourse posted gains, while Kim Long Securities Company (KLS) led trading with a volume of 2.55 million shares.
Foreign investors were net sellers on both bourses yesterday, unloading a net of just under VND4.8 billion ($252,631).
The value of the day's trades rose by 10 percent to reach VND1.2 trillion (US$63 million) while overall trading volume increased to nearly 26.4 million shares. Sacombank (STB) reclaimed the position of the most-active share on the southern bourse with 1.26 million traded.
The risk of inflation reigniting in March continued to colour investor sentiment yesterday.
Vu Dinh Anh, Deputy Head of the Market and Price Research Institute, said the recent depreciation of the Vietnamese dong and this week's announcement of proposed higher petrol prices and electricity rates, the latter effective March 1, would hinder the Government's effort to keep inflation this year at within 7 percent.
"CPI in March is important and sensitive, as it tends to determine the overall inflation rate for the year," Anh said. If one-month inflation in March hit 0.5-1 percent, the year's inflation rate was likely to reach double-digit levels, he said.
The market could see some adjustment in official monetary policy in an effort to curb inflation, said Vincom Securities Company analysts in a market forecast.
Although still wary and cautious, investors also became calmer yesterday after the Tuesday heavily sagging session and raised their buys, cushioning the fall of the VN-Index yesterday, wrote FPT Securities Company analysts in a daily report.
"Share supply still outweighed demand," it wrote. "However, share purchases increased considerably up to the closing bell of the session, concentrating on blue chips such as Saigon Securities Inc (SSI), Sacombank (STB) and Vietcombank (VCB)."
On the Ha Noi Stock Exchange, meanwhile, the HNX-Index rebounded by 0.75 percent to close at 162.77. Trading value rose by nearly 14 percent over Tuesday's level, totalling VND374.6 billion ($19.7 million) on a volume of 11.7 million shares.
Over 55 percent of codes on the northern bourse posted gains, while Kim Long Securities Company (KLS) led trading with a volume of 2.55 million shares.
Foreign investors were net sellers on both bourses yesterday, unloading a net of just under VND4.8 billion ($252,631).