VN-Index reach “sensitive” range of 550-570
VN-Index are stepping into the “sensitive” area of 550-570. As we are entering this area transaction volume will increase quite strongly. If demand is good VN-Index soon pass the threshold to 600 redirect.
However, in the opposite case the market continues to fluctuate in the region 520-560. We are inclined to script.
Stock market last week witnessed many changes strongly. Start a new week with the VN-Index lost 20.79 points and the drag to pull the ball the next version.
However, the third session VN-Index last week suddenly turn back and end the week had regained most of the lost points.
Thus, close 9-13/11/2009 week, the VN-Index lost 6.67 points, equivalent to 1.2%. After 2 weeks of similar transactions, such data have three weeks to decide the week’s trend VN-Index?
Week double impact with the gold price and U.S.
Market securities, gold and currency markets have close relationships with each other, with the property market, is such as “peace through together.”
Capital investment will be continuously circulated through the market and the goal is to find points higher than the rate of profitability.
The past week, gold prices in the country has the speed up strongly, with time was higher than the world price of gold over 1 million per volume. This has created a Gold fever.
However, with the intervention of the State Bank with the guidelines agreed to allow the import of gold is now in session on 5 (12/11) Gold has amplitude fluctuations 3 percent in a amplitude is quite large in the history of gold market in Vietnam.
Well as market gold market currency fluctuations are also no less, because U.S. currency is needed to import gold. Rate on the free market last week has hit the threshold at 20.000 VND / USD, but also quickly “reduce heat” to mold around 18,600 VND / USD.
Through fluctuations in gold and foreign exchange markets the past, we increasingly see the importance of the economic policies of the Government, with a movement permit issued by the State Bank has changed the supply and demand as well as the psychology of investors.
Transaction volume of foreign
Ever, investors “domestic” is still interested in dynamics of the “external volume” to consider and this is one basis for investment decisions. We also do not forget the past time, volumes have external actions against the market and they have achieved quite a lot of success with the tactic to buy low sell high.
However, in the second week of November, not the volume of foreign participation in many markets, total sales of the week is 11,483,490 (representing 4.97% offer to the market), the total purchase week is 18,944,720 (representing 8.19% offer to the market).
If the calculated difference between the sales volume of net foreign buying is a little, but mostly to change the structure of portfolio. This is a point of speaking to block foreign as “the opportunity to market fluctuations list structure suitable investment strategy.