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Securities investors returning to surf the market
Just in the last half-month, the stock market has witnessed the impressive increase of 25% on average a day. With reasonable surfing investments, a lot of investors have got satisfactory profit in recent transactions.
The profit attractive enough
The VN Index decreased slightly by 2.04 points on April 9 after it continuously increased in a series of previous trading sessions. The noteworthy thing is that though the VN Index decreased, liquidity remains very high, creating favourable conditions for investors to successfully surf investments.
Huyen, an investor on Dai Viet Securities Company’s trading floor, related that right after the REE’s shareholders’ meeting on March 27, she purchased 3,000 REE at VND24,500/share for a long-term investment plan.
She purchased the shares though she knew REE lost money in 2008, because REE made profit in Q1 2009. However, Huyen decided to sell the shares on April 7 at VND29,400/share, when stock prices all increased drastically. As such, the short-term investment plan brought the profit of VND14mil in just 10 days.
Truyen, an investor who has four years of experience, related that he decided to ‘surf’ on PPC and DPM, which were once favoured by foreign investors. On March 30, Truyen purchased 5,000 DPM at VND30,300/share, and 2,000 PPC at VND24,900/share. One week ago, seeing the market prices increase continuously, he decided to sell all the shares at VDN38,100/share and VND30,200/share, respectively, earning VND30mil in profit.
“I know that the price increase is the tendency on the market. But the VND30mil profit proves to be satisfactory,” he said.
A securities expert in HCM City noted that the volume of traded shares in the recent trading sessions has been pushed up high because a lot of investors sell stocks to get profit. 10-25% profit proves to be attractive enough at this moment.
Cash flowing into stock market
The stock market is bustling these days after many gloomy trading sessions. Analysts say that the cash flow is now going to the stock market.
April 4 witnessed the record trading volume in the history of the HCM City bourse, 42mil units traded. However, the record was broken shortly after that at the trading session on April 7 with 49.335mill units traded, worth VND1,255bil. That record also existed for a single trading session, being eclipsed a day later by a session of 55.2mil units.
According to the Dai Viet Securities Company (DVSC), the fact that many investors have sold stocks these days has hindered the march of the market. However, the market is still bustling as more and more money is flocking into the stock market.
DVSC said that optimistic information from the domestic and international markets have helped warm up the market.
A securities expert in HCM City, though still having doubts about the long-term bounce-back of the stock market, said that the market is better off on the good information, especially the news about the second demand stimulus package.
“Old investors are returning to the market, while new investors have been following them,” he said.
VietNamNet, DTCK
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