In April, stock investors in Vietnam witnessed the rising of small-cap stocks. This trend is expected to continue in May. Supporting factorsIn April 2010, economic data supported the stock market, particularly lower lending interest rate, stable exchange rate and controlled consumer price index (CPI). The VN-Index, the key gauge of the Vietnamese stock market, closed at 542.37 points in the last day of April, a gain of 43.13 points, or 8.64 percent, from March. The measure slid only four days in 20 in April, outperforming other months of the year. The HNX-Index, the gauge of the Hanoi bourse, was even more impressive. The measure HNX-Index settled at 179.69 points, a rise of 19.14 points, or 11.92 percent, from March. Specially, the monthly trading volume came to 897 million shares, up 37 percent month on month. Cash flows were channelled into the northern Hanoi bourse, particularly small and medium stocks. In several outperforming days, the trading … [Read more...] about May Stock Market: Penny Stocks in Focus?
Foreign exchange market graph
The Hochiminh Stock Exchange (HOSE) recently hosted a seminar to introduce the VN-30 Index to market members. Will this index resolve shortcomings of the current VN-Index?Mr Hoang Thach Lan, Brokerage Manager at MHB Securities Corporation (MHBS), said: From the angle of an individual investor, when HOSE gave reasons for the formation of the VN-30 Index, only the reason that aimed to resolve shortcomings of the current VN-Index was persuasive while others are too generic and impractical. VN-30 Index will help enhance HOSE’s provision of services. However, according to investors, it will also help improve the service provision of HOSE’s members. The VN-30 Index was introduced to eliminate the "distortion" of the current VN-Index caused by some stocks with large market caps (commonly called as the quartet: BVH, VIC, VNM and MSN). These stocks outweigh the rest in market capitalisation. By adjusting the market … [Read more...] about What Benefits from VN-30 Index?