Benchmark VN-Index further rose on March 26, gaining 17.63 points to settle at 1,171.22 points as it seemed not affected by the global stock market among concerns over a possible US-China trade war.
The VN-Index on the Ho Chi Minh Stock Exchange (HOSE) on March 21 increased for three consecutive days to reach 1,170 points, up nearly 10 points over the previous day.
Although the stock market experienced vibrant transactions with total value of nearly 8.36 trillion VND (USD) on both bourses on March 14, the VN-Index of the Ho Chi Minh Stock Exchange (HOSE) failed to hit the threshold of 1,140 points.
Vietnam’s benchmark VN-Index is forecast to struggle due to uncertain market sentiment this week, with eyes on the two exchange-traded funds (ETFs) set to finish reviewing their portfolios on March 16.
Vietnamese shares declined on March 1 after rising for four consecutive sessions, due to large-cap stocks underperforming as investors sold in pursuit of short-term profits.
Shares rose for the fourth consecutive day on February 28 on the HCM City Stock Exchange, largely on the strength of a handful of banking and energy blue-chips.
A huge purchase of banking shares in the final minutes of the February 27 session on the local stock exchanges drove shares up, after a brief fall at the beginning of the session.
Vietnamese shares rallied on February 26 but the uptrend weakened towards the closing minutes due to selling pressure in a number of blue-chips, especially during the ATC session.
Vietnamese shares posted a strong comeback on February 23 following the previous day’s slump, thanks to strong cash flow which poured into the blue-chips, especially during the ATC session.
Shares are expected to move modestly in the coming two trading sessions as investors settle trading before the Tet (Lunar New Year) holiday, while concerns remain following recent turbulence in global markets.
Vietnamese shares posted a strong comeback on February 7 as investors were calmed by market regulators and bottom-fishing was triggered for worst-hit companies during the previous two-day collapse.