VIETNAM - Good Morning Vietnam

OTC investors dig themselves into a hole

Throughout the bourse’s low, many investors hastily exchanged their investments in listed shares for gold, real estate and OTC securities. However, investors may regret their decision because OTC shares are now unmarketable.

In early October, when the official bourse was not producing high profits, investors began injecting money in OTC securities. A group of young investors, calling themselves SIG, decided to sell half of their listed stocks and buy up OTC shares.

Binh, a member of SIG said the price fluctuations on the official market made them lose patience, and they decided on the OTC alternative.

A member of a securities forum said he purchased Vinaconex shares after selling 60% of his listed shares. He thought Vinaconex was better because it saw steady price increases, as other shares fell.

The OTC market can bring higher short-term profits because the OTC’s share price increase ceiling is higher than the bourse’s. Therefore, OTC shares are the right choice for brave and eager investors.

Investors are most interested in bank, petroleum, and real estate shares because these are considered backbone sectors of the national economy.

However, investors made the wrong move. They are in a stalemate because no one wants to buy and they, therefore, cannot sell OTC shares. The continued official market slump has resulted in a steady OTC market decline, as well.

Truong, an investor, said he needs VND3bil to join Vietcombank’s IPO; but he is stuck with his OTC items and not enough funds.

Truong said he now needs a lot of money to restructure his portfolio, but he cannot arrange enough for his investment plans. He said that at this moment, there are more sellers than buyers. A lot of securities investors want to sell shares to pay down bank loans. Commercial banks are urging investors to pay off debts because they must reduce the outstanding loans to securities investors to below 3% of total outstanding loans, as stipulated by the central bank.

In April- August 2007, when the VN Index dropped to 889 points, OTC share prices fell to their lowest point. OTC investors incurred heavy losses when share prices dropped by 40% on average.  

CHỈ SỐ CHỨNG KHOÁN HoSE
Ngày 20/12/2007 (Phiên giao dịch 1693)
Chỉ số VNIndex: 930,45 giảm -16,33 tức -1,72%  

CHỈ SỐ CHỨNG KHOÁN HoSE
Ngày 03/01/2008 (Phiên giao dịch 1701)
Chỉ số VNIndex: 908,25 giảm -12,82 tức -1,39%  

Value  887.08
Change  -16.010
% Change  -1.773
High  903.09
Low   884.03
Open  903.09


Das erste mal unter 900.    

CHỈ SỐ CHỨNG KHOÁN HoSE
Ngày 10/01/2008 (Phiên giao dịch 1706)
Chỉ số VNIndex: 850,07 giảm -28,34 tức -3,23%  

Manchmal ist es shon schade zu sehen, wie die Charttechnik rechtbehält.
Im Bereich von 900 (knapp darunter) hatte der VN-Index eine klare Unterstützung, die vorgestern unterschritten wurde.
Heute nun schon bei 850 mit über 3% Minus an einem Tag.

Mal sehen wo wir uns fangen.  

 

 

HoSE INDEX
Date 14/01/2008 (Session 1708)
VNIndex: 841,00 change -19,77 eqv -2,30%  

Value  808.83
Change  -32.170
% Change  -3.825
 High    841.00
 Low     807.72
 Open    841.00  

HoSE INDEX
Date 16/01/2008 (Session 1710)
VNIndex: 846,07 change +37,24 eqv 4,60%  

oder nur technische Reaktion auf die vorangegangenen sehr schwachen Tage??

Tiefkurs wurde zur Eröffnung der Börse mit 808 Punkten erreicht.
War's das??

/t  

 

CHỈ SỐ CHỨNG KHOÁN HoSE
Ngày 18/01/2008 (Phiên giao dịch 1712)
Chỉ số VNIndex: 847,05 tăng +13,24 tức 1,59%  

Value   807.74
Change  -26.140
% Change -3.135
High    833.88
Low     807.74
Open    833.88


Schade, war wohl doch noch nicht der Tiefpunkt gewesen. Aber es hätte auch noch schlechter kommen können. andere Märkte haben mehr gelitten.  

CHỈ SỐ CHỨNG KHOÁN HoSE
Ngày 25/01/2008 (Phiên giao dịch 1717)
Chỉ số VNIndex: 776,04 tăng +11,91 tức 1,56%  

+1,56% is a bissl mager wenn ich mir die Asiaten aktuell ansehe. Mein Vietnamfond freut das gar net...  

CHỈ SỐ CHỨNG KHOÁN HoSE
Ngày 29/01/2008 (Phiên giao dịch 1719)
Chỉ số VNIndex: 811,61 tăng +26,54 tức 3,38%

..schon besser Poelsi, oder ?

viel Glück   ;-)  

Value  843.10
Change    31.490
% Change  3.880
 High    848.88
 Low     811.61
 Open    811.61  

CHỈ SỐ CHỨNG KHOÁN HoSE
Ngày 01/02/2008 (Phiên giao dịch 1722)
Chỉ số VNIndex: 859,62 tăng +15,51 tức 1,84%  

Tết Nguyên Đán , more commonly known by its shortened name Tết, is the most important and popular holiday and festival in Vietnam.

It is the Vietnamese New Year which is based on the Chinese calendar, a lunisolar calendar. The name Tết Nguyên Đán is Sino-Vietnamese for Feast of the First Morning, derived from the Hán nôm characters 節元旦.

In modern Chinese, the characters for Nguyên Ðán (元旦) have evolved to refer to New Year in the Gregorian calendar, that is, January 1.[1]

The first day of Tết for 2008 will be February 7, 2008.

 

Dann warten wir mal ab, was das neue Jahr uns bringen wird.

/t  

CHỈ SỐ CHỨNG KHOÁN HoSE
Ngày 25/02/2008 (Phiên giao dịch 1732)
Chỉ số VNIndex: 715.04 tăng +27.94 tức 4.07%  

CHỈ SỐ CHỨNG KHOÁN HoSE
Ngày 26/02/2008 (Phiên giao dịch 1733)
Chỉ số VNIndex: 692.91 giảm -22.13 tức -3.09%  

CHỈ SỐ CHỨNG KHOÁN HoSE
Ngày 27/02/2008 (Phiên giao dịch 1734)
Chỉ số VNIndex: 686.49 giảm -6.42 tức -0.93%