Vn Index set deeper bottom
Friday, 24. October 2008, 05:17:03
Both market indexes in Ho Chi Minh city and Hanoi fell again today, Oct. 24 as fears of global market. The VN-Index slid again by 4.25% to 345.11, decreasing 15.32 points to last transaction. Market trade volume down to 13,177,310 shares to VND 450.9 bln (USD 27.1 mln) in value.
Foreign investors account small portion in the market, but influence loal's investors. A woman's making phone call at SSI.
Continue to the down turn trend, VN-index again records the lowest point in the recent 2 years. In comparison to VN index peak point in Oct last year, the index lost almost 69% during one year. (Vn Index Oct 15, 2007 recorded at 1,105.21).
"The Vietnam Stock market now is integrated to the regional and world market, even though, in a small scale, VN index suffer the influence from giant market like US, EU or Japan in Asia" a senior economist states.
Besides, local investors are much influenced by the move of foreign investors in the market.
He also emphasizes that:" The stock market will be improved if companies are facilitated with favorable conditions, such as lower loans interest rate offered, or banks themselves, increasing their liquidation".
There are 131 stocks decreases vs 14 stocks increases and 17 stocks remain prices today.
Foreign investors account small portion in the market, but influence loal's investors. A woman's making phone call at SSI.
Continue to the down turn trend, VN-index again records the lowest point in the recent 2 years. In comparison to VN index peak point in Oct last year, the index lost almost 69% during one year. (Vn Index Oct 15, 2007 recorded at 1,105.21).
"The Vietnam Stock market now is integrated to the regional and world market, even though, in a small scale, VN index suffer the influence from giant market like US, EU or Japan in Asia" a senior economist states.
Besides, local investors are much influenced by the move of foreign investors in the market.
He also emphasizes that:" The stock market will be improved if companies are facilitated with favorable conditions, such as lower loans interest rate offered, or banks themselves, increasing their liquidation".
There are 131 stocks decreases vs 14 stocks increases and 17 stocks remain prices today.
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