Investors were hoping 2016 would be a fresh start after the U.S. stock market sputtered to wrap up 2015. Instead, what they got was rotten. Major averages kicked off the year with their worst week in more than four years as investors fled the market, and fear is on the rise that a full-blown bear market may be lurking. While that may be overstated, markets do face an unsightly assortment of obstacles. Here are some of the biggest worries on investors' minds, and some factors that may mitigate the downside risk: CHINA: The volatility surrounding the world's second-largest economy is a primary concern of investors. Attempts by officials there to tamp the selling in equities and the steady devaluation of the yuan have fed worries about capital flight. Moreover, a weakening in the currency could hurt demand for imports, particularly those sold in dollars like oil. U.S. exposure to China in terms of gross domestic product is minimal - only about 0.7 percent of overall GDP, according … [Read more...] about Five things the U.S. stock market is worried about after last week’s rout
Days stock market is closed
VietNamNet Bridge ' Some individual investors have urged the State Securities Commission (SSC) to make an urgent intervention to stop the slide of the stock market. Meanwhile, experts believe that the market needs to perform its way. Nguyen Ngoc Chinh, General Director of Sen Vang Securities Company, said that it is really alarming that the stock index has dropped by 40 points just over the last three days. … [Read more...] about Stock market experienced quake, but will recover soon: analysts
Securities trading floors have more and more poorly patronized, which has made people worried that the stock market's Tet holiday may not last 9 days, but six months long. If so, it would be very difficult to resume the market operation. The Vietnamese stock market has been facing a lot of difficulties and challenges, including the macroeconomic uncertainties, input material price increases, high inflation rate and dong/dollar exchange rate fluctuations. However, the most fearful thing is that the cash flow and the confidence have got depleted. The market would get frozen after Tet The Prime Minister has approved the proposal by the Ministry of Labor, War Invalids and Social Affairs to allow civil servants and employees to enjoy a long Tet holiday which lasts nine days from January 21 to the end of January 29. This means that the stock market would also have a long Tet holiday of nine days. Observers have warned that stock investors may not return to the market after such a … [Read more...] about Stock market’s Tet holiday would last until June?
Vietnam’s stock market is expected to keep its upbeat sentiment of 2017 and drive the benchmark VN-Index to an all-time high at year end, analysts said. The Vietnam Stock Index (VN-Index), a capitalization-weighted index of all the companies listed on the Ho Chi Minh City Stock Exchange, already reached 1,000 points on Wednesday, the highest since the global financial crisis in 2007. It closed at 984.24 on the last working day of 2017, wrapping a bullish week and setting a 10-year high. Analysts believe the momentum will continue and bring the index to surpass the record 1,178 points in 2007. The market is seeing very low risks, and high confidence for growth, they said. RongViet Securities Corporation in Saigon said in a report that VN-Index will increase at least 17 percent this year or even 67 percent in its best scenario, meaning it could end the year somewhere between 1,170 and 1,640. Nguyen The Minh, a senior analyst at Saigon Securities Incorporation, was more … [Read more...] about Bullish investors can bring Vietnam’s stock market to record high in 2018: analysts
Stock market losses extend for second day Kim Ngan By Kim Ngan - The Saigon Times Daily HCMC – The local stock market fell for the second consecutive session on November 5 with the VN-Index losing 0.23% at 597.01 points despite positive signs of bottom fishing. Heavyweights such as VNM, BID, VCB and KDC were offloaded in the morning phase, pushing the main index down to an intraday low of over 593 points. However, bottom fishing took the upper hand in the afternoon phase, helping the index minimize its decline. Strong buying in the afternoon phase sent trading volume on the Hochiminh Stock Exchange up 26% to 146 million shares worth VND2.4 trillion. Market breadth expanded with 77 advancers against 128 laggards. Some 21 out of 23 sectors closed in the red. The agriculture-forest-aquatic group was the worst performer with a 2.3% decline. Many tickers in hospitality, household applicants, mining and securities sectors also lost ground. Foreigners returned to the buying side … [Read more...] about Stock market losses extend for second day