Vietnamplus

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 VN-Index is expected to enter an uptrend towards a new resistance zone after successfully penetrating the psychological resistance mark of 1,000 points, analysts said.

The number of new listing firms on the two local bourses has remained modest in the first nine months of the year.

The market is forecast to move sideways with alternative ups and downs in a narrow range this week, analysts have predicted.

Vietnamese shares advanced on October 8 as attention shifted to companies with good earnings prospects amid a lack of supportive information.

Brokerages proposed different scenarios for the movement of VN-Index from now until the end of the year depending on the world's economic growth prospects.

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.

Upturn was seen in the majority of shares on April 8, as motivated by the growth of oil and gas firms as well as banking shares.

Shares dropped on both Vietnamese markets on the first trading day of the week, following the uneasy global market climate.

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.

Vietnamese shares struggled on March 11 as the market declined due to low liquidity.

Vietnamese shares advanced on March 4 with the strong growth of large-cap stocks such as Vingroup (VIC), Vinhome (VHM), PV Gas (GAS), Vinamilk (VNM), and Vincome Retail (VRE).

The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) declined by 1.85 percent to stand at 971.99 points at 2:43pm, as the DPRK-USA Hanoi Summit Vietnam concluded sooner than schedule.

Vietnamese stock markets are expected to remain positive in the short-term, with the VN-Index moving towards the 990-1,000 point range next week.

This week, Vietnam’s stock markets closed in the green, as the benchmark VN-Index rose 1.34 points to 988.91 points while the HNX-Index inched up 0.7 point to 106.82 points.

The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HOSE) picked up 10.41 points to reach 961.3 points on February 18, the first day of the week.

The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) rose by 10.54 points to reach 919.21 points in the morning of February 11, the first working day after the nine-day Tet (Lunar New Year) holiday.