The biggest problem with the stock market now is the lack of information. Investors still have to make investment decisions when they do not have necessary information, and in many cases, they incur losses.
Investors who did not sell shares on July 3 breathed a sigh of relief as both the VN Index and HASTC Index recovered the next day, July 4. Meanwhile, a lot of investors who tried to sell shares on that day following the warning by HSBC and other analysts that the VN Index would fall to below the 900 point level felt unhappy as the warnings turned out to have been unfounded.
Dang Vu Hai, an investor in HCM City, said that investors had to pay a high price for the confusing information.
According to Nguyen Diem Thuy Nga, an investor on ACBS trading floor, in fact, investors can get information from official channels, including the websites of listing companies, Hanoi and HCM City Securities Trading Centres, and from the State Securities Commission (SSC). However, the official information always comes late, so investors cannot rely on it to make investment decisions.
Mrs Nga said that investors always had to get information through their own channels, and false information, like the warning released by HSBC, has made investors suffer.
Tran Hoang Thang, a securities analyst, said that SSC should take action to prevent the release of false information and investigate to see what stands behind the false information.
Phan Vu Tuan, Deputy Director General of International Securities Company, said that many investors had complained about the scheme on information providing. They have been shocked by the information, sometimes too optimistic, and sometimes too pessimistic. “If believing the information, one would think the stock market would either triumph or collapse immediately.”
Dominic Scriven, Director of Dragon Capital, frankly said that information about Vietnam’s stock market was seriously lacking, while there was no in-depth analysis from learned experts.
Le Nhi Nang, Deputy Director of the HCM City Securities Trading Centre, has also acknowledged that the information provided by the stock market watchdog remains insufficient to meet the demand of investors.
Meanwhile, the director of a big securities company said he felt that false information was being released on purpose. Since last year, foreign institutions have five times at least been warned that the market would fall sharply, but foreign investors still kept buying shares, indicating they did not believe the reports.
Source: VNE
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