Ha Noi (VNA) – Foreign investors are adopting a wait-and-see attitude as the VN-Index at the Ho Chi Minh City Stock Exchange dropped below the 1,000 point level for 11 consecutive trading sessions, buying in only 5.9 million shares between Nov. 26-30, the lowest for one week over the past two months.
At its peak, their purchase reached 11.6 million shares for the week from Nov.12-16.
According to Tran Quoc Trieu of the Saigon Securities Incorporation (SSI), foreign investors are still waiting for better prices.
Unclear information regarding Vietcombank’s initial public offering (IPO) is another reason for their hesitation, said Pham Quang Huy, deputy General Director of Bao Viet Securities Company.-Enditem
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