-
23-08-2010, 03:10 AM #1
- Ngày tham gia
- Jan 2024
- Bài viết
- 0
Excitement during Monday and Friday's sessions last week saved shares on the HCM City Stock Exchange from slipping into deeper gloom, enabling the VN-Index to make a cumulative advance of 0.47 per cent and close at 454.84 on Friday, after seven consecutive weeks of decline.
Rumours that the Government would require the State Bank of Viet Nam to review its stricter policies on the capital adequacy of banks and other risk provision measures recently issued in Circular No.13, seem to have bolstered trades late in the week.
The purpose of Circular No.13 was to get banks to reduce credit risks, said Nguyen Son Thach, an analyst from a Ha Noi-based securities firm.
However, many day traders anticipated an excessive impact from the regulations, and the fear was fanned by media reports swirling around it, Thach said.
And Le Xuan Nghia, Vice Chairman of the National Financial Supervisory Committee, agreed that Circular No 13 would fan worries of capital shortages in the coming months, as well as put upward pressures on interest rates.
As a consequence, trading volume on the HCM City Stock Exchange remained sluggish throughout the week, averaging just 32.5 million shares per day, worth an average of only VND867.6 billion ($44.5 million).
On the Ha Noi Stock Exchange, shares continued their prolonged decline last week, with the HNX-Index slipping 2.64 per cent to close on Friday at 131.41 points.
The value of trades on the northern bourse averaged just VND709.4 billion ($36.4 million) per day, on a daily average volume of 28.6 million shares.
The low trading volume indicated the unwillingness of new investors to participate in the market, while existing investors were hesitant to act and take heavy losses in the currently depressed market, said FPT Securities Company analyst Tran Quang Vinh.
In the coming week, data on inflation, the trade deficit and industrial production would be released and would likely have an impact on the market, giving investors some basis for predicting the next shifts in official monetary policy.View more random threads:
- Những từ chỉ “người bạn” trong Tiếng Anh
- Vietnam plans to sell Vinamilk shares at 154,000 dong each: gov't
- Stocks lose ground under selling pressure
- VN-Index recovers from six-week low
- Vietnam stocks stay red
- Masan Resources Q1 revenue slides year-on-year
- Market breaks downward spiral
- CMG: Announcement on share buyback
- Market falls can’t dash HSBC’s hopes
- Danish fund ups in pharma to 30%
Các Chủ đề tương tự
-
Electricity rate-hike talk sours shares
Bởi imported_huycon009 trong diễn đàn STOCKs TRADING IN HNXTrả lời: 0Bài viết cuối: 28-01-2010, 04:51 AM -
Listed firms trading rules eased
Bởi trong diễn đàn STOCKs TRADING IN HNXTrả lời: 0Bài viết cuối: 22-01-2010, 03:08 AM -
Rally in bank shares lifts market
Bởi thaoduoc2015 trong diễn đàn STOCKs TRADING IN HNXTrả lời: 0Bài viết cuối: 03-12-2009, 11:47 AM -
Investor confidence lifts shares
Bởi dalieusaigon425 trong diễn đàn STOCKs TRADING IN HNXTrả lời: 0Bài viết cuối: 12-10-2009, 07:22 AM -
Brokers seek delay to new capital rules
Bởi imported_ctvchubac trong diễn đàn STOCKs LISTED IN HoSETrả lời: 0Bài viết cuối: 08-12-2008, 08:02 AM
Thông qua phân tách dữ liệu Google từ 86 nhà nước, mới đây, một công ty tại Anh đã ban bố bảng xếp hạng kích tấc "cậu nhỏ" của các nước trên thế giới. Kết quả, hầu hết các nước xếp ở nhóm đầu của...
"Chim" của bạn trai Việt thuộc...