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Stock market keeps falling, “securities players” suffer from depression
Though the plunge of the VN Index has stopped and increased slightly in the last four trading sessions, securities investors still are recovering from the big losses.
The more money invested, the bigger the losses incurred
One can just look into the number of securities investors present on trading floors these days to get a glimpse of how gloomy the stock market is.
According to Dat Viet newspaper, on most of the trading floors, there are only a few investors who look to the electronic boards that show stock price performance. Smiles have faded from their lips and sighs erupt from each of their mouths.
A brokerage officer of a big securities company in HCM City said that some months ago, there were always more than 100 securities investors sitting up on trading floors to keep watch over the stock price performance. Presently the number has dropped to 20. Unlike earlier this year when investors came to trading floors to seek profit, now they only come to try to prevent losses. As a result, the brokerage fees securities companies collect from clients has dropped dramatically.
Even though the latest trading sessions of the past week saw the VN Index increasing, the situation has not improved much.
H, a securities investor on FPTS trading floor, said most investors have incurred losses and therefore they do not want to “continue the games”. Now, only securities investors who invested with borrowed money still keep watch over the market because they try to sell stocks to prevent losses. Meanwhile, other investors have left the market, because they have no hope that the stock price will increase in the days to come.
Many securities investors have revealed that they dare not look into their statistical data about their assets because they know their assets have dwindled.
T, an investor on AVSC trading floor, said that the loss he incurred reached 70 percent. “If the situation does not improve, I will soon suffer from depression,” he said.
Foreign investors also get deathblow
Not only domestic investors have suffered, but foreign investors have also received a deathblow from the stock market fall.
There are no official statistics about the losses incurred by foreign investors, but analysts say the losses must be very big because the prices of many stocks have dropped even lower than the prices in late 2008, when the stock market was already at its bottom.
Securities investors have suffered not only from decreases in stock prices, but also from the dollar price increases. Analysts say the dong/dollar exchange rate fluctuations have brought losses of up to 10 percent to foreign investors.
As such, if only counting on the net purchase of 12 trillion dong (600 million dollars) so far this year, foreign investors have incurred the loss of 60 million dollars due to the dollar price increases. Though the dollar is depreciating against other currencies in the world, it is appreciating against the Vietnam dong.
Besides, analysts say, foreign investors are incurring “double loss” if they make investment in Vietnam’s stock market, because stock prices are increasing in other markets, while decreasing in Vietnam.
vietnamnet, DAT VIET
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