Vietnam’s benchmark VN-Index struggled to rise on June 12, but market conditions remained poor as investors remained cautious ahead of the US Fed’s meeting.
The benchmark VN-Index inched down 0.05 percent and closed June 9’s trade at 749.72, just below the new nine-year high of 750 points recorded on June 6.
Trading of long-term Government bonds (G-bonds) in the first five months of 2017 has seen improvements compared to 2016 due to changing tastes of institutional investors.
Vietnam's benchmark VN Index extended losses for a second day on May 31 as investor confidence remained weak on worries about market conditions following a sharp drop on May 30.
The Vietnam Glass and Ceramics for Construction Corporation put up 120 million shares for sale on May 29, attracting 1,026 investors, the highest number recorded at an auction in Vietnam since 2012.
The benchmark VN-Index could surge back to the 732 points peak seen a month ago on the back of strong buys by foreign investors as well as positive economic indicators, analysts said.
Shares stepped back from morning trade on the HCM Stock Exchange on April 13 as selling pressure increased in large-cap stocks on fears of a steeper correction.
Shares grew at a slower pace on April 11 on the two stock exchanges as investors displayed caution ahead of the annual shareholder meetings of big companies this month.
Shares edged down on both national stock exchanges on March 13 amid volatility caused by portfolio restructuring activity of exchange-traded funds and possibility of an interest rate hike by FED.