The VN-Index: Pressure demand

- After being unable to break through resistance at 530 VN-Index has been turned down and no signs of stopping.

                                            Evolution VN - Index from 10 to 06/17/2013

If the fall of the market is likely to continue to 500 points can be broken.

Cautiously
Liquidity on both exchanges will reach 106 million units / day, approximately from the previous week, but it is clear that when the stock price was lower, but investors appear to be quite conservative. Clearly, the market went up after a long time, there will be a certain amount of supply conduct sales realization of profits. Foreign investors also increased pressure to demand more when selling 12.25 million shares, corresponding to the value 127.03 billion. This is also the time of the hedge fund index ETF is the Market Vector Vietnam announced portfolio changes. Notably, the fund has no more or less a code that only the increase or reduction of the share of stock. Specifically, an increase in the proportion of the IDI 6 code, VCG, PPC, ITA, PVX and PVD and decreased density at 7 GMD code, HPG, OGC, SJS, PVF, STB and HAG.


If the fall of the market is likely to continue to 500 points can be broken.As of the end of the month 5/2013, the growth of bank credit was 2.98%, which is the priority areas are agriculture, rural areas and SMEs, supporting industries, producing goods for export, DN tech applications. The target set by the Government for the central bank's monthly average would be about 40 trillion in credit to the economy, from now until the end of the year to ensure system-wide growth of 12% a year . The money for social housing loans worth $ 30 trillion will be implemented and disbursed approximately 50-65% of the total credit value of this package. Thanks to these measures provide consistency and timeliness helped reduce interest rates sharply. The state-owned bank also pledged to reduce interest rates on existing loans to a maximum of 13% / year. Consequently, the share of loans with interest rates above 15% / year accounted for only 12.2% of total loans system. At the same time, the scale of bad debts will be treated as 105 trillion, bringing the ratio of bad loans at safe level in 2015. In particular, the decision will accelerate 843/QD-TTg NPLs by side functionality debt trading, VAMC also work to put pressure on the credit institutions must find ways to reduce bad debt . For banks in particular controlled area, the central bank will be entitled to request shareholder control, dominated by the banks, the transfer of shares to the central bank or other banks designated.

Maybe deeper

Stock Exchange HCMC Securities Commission has sent a proposal to extend the time of transactions in listed securities to 15 hours daily. After more than a year to go on deployment of the afternoon session (from 5/3/2012), investors have gradually adapted and showed many positive benefits: boost liquidity to help markets more vibrant , trends in each session is reflected in a timely manner, the information quickly reflected in the stock price ... However, if the increase in extra time in the afternoon, it will create challenges for system improvement transactions as well as the clearing between investors, securities and banking company.

The demand of the market is becoming more vulnerable in the context of foreign investors in the net short position. Therefore, if you do not have much information macroeconomic indicators support the back can on a deeper level.