Vietnam’s stock market saw another record this week, with the benchmark VN-Index on the Ho Chi Minh Stock Exchange (HOSE) closing at a new peak of 1,488.87 points, up 25.24 points, on November 24.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HOSE) set a new record high on November 8 morning, inching up 7.89 points to hit 1,464.4 points on the back of oil, insurance, securities, real estate and retail stocks.
Liquidity on Vietnam’s stock market hit a new record on November 3 with nearly 52 trillion VND (more than 2.2 billion USD) worth of shares traded on all bourses.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HOSE) reached a historic peak on the October 27 trading session, with cash flow increasing strongly and foreign investors returning to net buying trillions of VND after a period of consecutive net selling.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HOSE) picked up 4.01 points to a new peak of 1,412.56 points in the last minutes of this morning’s trading session.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HOSE) rose 7.12 points to a new peak of 1,305.1 points on May 25 morning as several large cap stocks made significant gains.
Analysts from securities companies are optimistic about stock market movement during the first trading week of this year and betting the positive trend will continue.
Trading value on the Hanoi Stock Exchange (HNX) totalled 857 billion VND (36.8 million USD) per trading session in October, up 16.5 percent against last month.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) took a nosedive to close at 835.49 points on March 9, recording the worst slump since 2002.
The year 2019 was full of difficulties, and thanks to high efforts of relevant parties, the stock market did not witness a big collapse, said an official of the State Securities Commission of Vietnam.
The market sentiment will remain lateral in September weighed down by global economic and political tensions while trading quiet amid speculations of Q3 corporate earnings.
Investors may want to brace for a bumpy trading week as the Vietnamese stock market is still vulnerable to the unpredictability of global shocks in geographic, political and economic conditions.
Green margins dominated the stock market on May 20, helping the benchmark VN-Index easily rise by 10.65 points from last week’s last trading day (May 17) to reach 987.13 points.
The benchmark VN-Index ended in green on May 13 when it grew by 5.99 points, or 0.63 percent, from the last trading session of the previous week to 958.54 points.
Investors may keep betting on bank stocks this week, securities firms said, but selling pressure may weigh on the market’s overall performance as local stocks are considered as being overbought in recent days.
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