News about market history

On July 28, 2000, the first trades were executed at the HCMC Securities Trading Center, with only 2 listed stocks, REE and SAM, and 6 member brokerages. The two-hour session matched orders only once, at 11 a.m., with 4,200 shares traded (1,000 REE and 3,200 SAM) worth about VND 70.4 million, and the VN-Index closed at 101.55 points from a base of 100. Buy orders totaled 335,500 shares, far above the volume matched, so the regulator asked REE to help put shares on the market. All orders were recorded on paper and processed manually at the time. HAP and TMS were listed on 4/8/2000, bringing the total to 4 stocks.

The article reports an unusual breadth-related occurrence that has just taken place in the stock market.

The SPDR S&P 500 ETF (SPY), launched on Jan. 22, 1993, tracks the S&P 500 index of roughly 500 market-cap-weighted U.S. stocks and has weathered several bear markets, including the dot-com bust, the Great Recession and the coronavirus pandemic downturn. The article notes that the fund recovered after each downturn and that the long-term trend has been upward despite short-term declines. It advises long-term investors to buy and hold, and to consider dollar-cost averaging, buying shares at regular intervals so that more shares are bought when prices are low, while cautioning against panic selling out of fear.