Stock picking, not trend-chasing
​
“VNIndex added 1.6% and HNIndex 0.7% during the month of September. Liquidity dropped significant in the first half of the month as investors tried not to trade against the two ETFs. However, the strengthening of large stocks such as VNM, FPT, VCB and BVH helped lift market sentiment after the funds’ rebalancing trades stopped. The reduction of the price increments on the HSX (effective September 12th 2016) came with smoothened stock price movements and a marked increase of interest in large-caps as it was more troublesome now to speculation on low-priced tickers. Between the 12th and the 30th of September, the VN30 group reported the average turnover of 50.7 million units, 12.8% higher than its six-month average. During the same period, VNSmallcap saw a drop of 31% to 18.9 million units. While VNIndex approached its seven-year high at 700, foreign investors sold a net VND2,819bn in the two exchanges.
Viet Dragon Securities belongs to top 20 biggest securities companies in terms of chartered capital in Vietnam. With a qualified, dedicated and professional team, a widespread network, advanced technology, diversified products and services, and good relationship with local and foreign institutions, we provide a wide range of services and products to our clients both individuals and institutions, both local and foreign. We commit to provide our clients with promising investment opportunities and a comprehensive and professional financial investment services.
RongViet Research reports are diversified and abundant, along with in-depth analysis and performed by experienced, highly-qualified and knowledgeable teams. With the objectives of transparency, accurate and timely manner, RongViet believes that our products would always be important sources of information for customers/investors’ investment decisions.”
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.