Shares on the HCM Stock Exchange once again trod water on March 15, with the VN-Index closing up just 0.07 percent to 531.86 points on fairly brisk trading.
Market value totalled 2.3 trillion VND (84.3 million USD) on a volume of 55.3 million shares.
Due to the pressures from profit-taking, Au Viet Securities Co analysts predicted more market corrections before the VN-Index reached the resistance mark of 545 points. But they remained optimistic for market prospects due brisk trading volume.
The director of Sacombank Securities Co’s research and private equity department, Nguyen Huy Cuong, said that investors this week would be keeping an eye on the expected release of inflation figures for HCM City and Hanoi during the past month.
A relatively low CPI would solve a lot of problems, creating not only optimism for investors but also stimulating the State Bank of Vietnam to loosen monetary policy, promoting the liquidity of the banking system, Cuong said.
On the Hanoi Stock Exchange, the HNX-Index was unable to resist the forces of profit-taking, dropping by a hair to 173.32 points. Daily value remained high, however, at over 1.2 trillion VND (55 million USD), on a volume of 35.85 million shares./.
Market value totalled 2.3 trillion VND (84.3 million USD) on a volume of 55.3 million shares.
Due to the pressures from profit-taking, Au Viet Securities Co analysts predicted more market corrections before the VN-Index reached the resistance mark of 545 points. But they remained optimistic for market prospects due brisk trading volume.
The director of Sacombank Securities Co’s research and private equity department, Nguyen Huy Cuong, said that investors this week would be keeping an eye on the expected release of inflation figures for HCM City and Hanoi during the past month.
A relatively low CPI would solve a lot of problems, creating not only optimism for investors but also stimulating the State Bank of Vietnam to loosen monetary policy, promoting the liquidity of the banking system, Cuong said.
On the Hanoi Stock Exchange, the HNX-Index was unable to resist the forces of profit-taking, dropping by a hair to 173.32 points. Daily value remained high, however, at over 1.2 trillion VND (55 million USD), on a volume of 35.85 million shares./.
