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Monday, June 13, 2011

Ho Chi Minh Stock Exchange index slipped 0.26 percent to close at 441.54 points on Tuesday June 14 2011

Ho Chi Minh Stock Exchange index slipped 0.26 percent to close at 441.54 points on Tuesday June 14 2011 : . Foreigners bought 62.42 billion dong ($3.04 million) worth of stocks and sold shares worth 126.41 billion dong, the exchange said. Volume of shares traded: 61.90 million shares. Value of shares traded: 1.06 trillion dong.

Broker/trader comments Tran Minh Hoang, investment analyst, VCB Securities:

"After a see-saw session, stocks have experienced a strong distribution with combined liquidity on both the markets hitting over 2 trillion dong ($97.4 million) after a 2-week gain."

"(Vietnam's) markets could start a new downward trend because there's not much macro supportive news, while a number of banks are still under pressure to meet the target to curb their loans for non-manufacturing sectors."

"Traders should stay on the sidelines and wait for more clear signs."

Doan Tran Phuong Phi, head of the brokerage team, Ho Chi Minh City Securities:

"Stocks fell on strong liquidity as many took profits."

"Shares could extend losses tomorrow and then move sideways in the near term. Inflation that has shown signs of easing could be 1 percent this month from May." ($1=20,540 dong) For the latest updates PRESS CTR + D or visit Stock Market news Today

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