Analysis of factors affecting the opening price of VCB shares

Abstract

This study aims at exploring determinants of Vietcombank’s shares price. Data used in the study include daily values (5
day week) of gold price, USD/VND exchange rate, the number of shares wishing to buy, the number of shares wishing to
sell and price of VCB from 1th July 2015 to 31st December 2015. Using Eviews software for estimation by least squares
method, the results derived from this study show that: closing price of one day earlier has a positive effect on openning
price while the difference of gold buying price and selling price; of USD buying price and selling price - a few days
earlier - have negative impacts on openning price.