Vietnamplus

The surge of some large-cap stocks on the afternoon of November 26 helped the benchmark VN-Index on the Ho Chi Minh Stock Exchange (HOSE) recover.

Market indexes and liquidity suffered a sudden fall in the final trading session last week, meaning that negative signals started to appear following a period of recovery.

The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) rose by 3.83 points to 918.12 points by the end of November 12, driven by petroleum and securities stocks.

The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HOSE) inched up 0.67 point to settle at 925.53 points on November 5, driven by petroleum and banking stocks.

After suffering for nine consecutive sessions, strong rebounds of the benchmark VN Index last week raised hopes for a short-term recovery with forecasts predicted to touch 940-950 points this week.

As the stock market is experiencing strong volatility and shows little signs of strong recovery, the State may struggle to sell its stake in State-owned enterprises (SOEs) on schedule.

The Vietnamese stock market lost steam by the end of October 22 due to the rising selling pressure.

Selling pressure increased at the end of October 10's trading session while purchasing demand was not enough to save indices from falling.

Most investment funds in Vietnam’s equity market have recorded modest gains and were beaten by the growth of the benchmark VN-Index in the past three quarters.

The Saigon Securities Incorporation (SSI) remained the largest broker in Vietnam in the third quarter of 2018, announced the HCM City Stock Exchange (HoSE) on October 3.

Vietnamese shares ended in negative territory as large-cap banking stocks lost steam in the beginning of the month.

The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) rose by 8.32 points to hit 1,011.29 points at the end of September 24, with 186.72 million shares traded worth nearly 4.39 trillion VND (188.32 million USD).

The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) lost 3.73 points to 987.61 points at the end of September 17, with 164.6 million shares worth over 3.9 trillion VND (167.2 million USD) traded.

Vietnam’s stock market capitalisation increased 13 percent against the end of last year, reaching nearly 3.97 quadrillion VND (169.5 billion USD) by the end of August.

The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) rose 1.44 points to 970.43 points at the end of September 10, with 190.6 million shares worth over 3.6 trillion VND (183.9 million USD) traded.

Vietnam’s stock market will have to pin its hopes on foreign investors to continue recovering in September, said Bernard Lapointe – head of the research division at Rong Viet Securities Corporation.

The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) dropped 13.6 points to settle at 975.94 points on September 4.

Stocks struggled on August 30 morning, but buying force was overwhelming in the afternoon’s session, helping the market rebound.

The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) gained 4.87 points to stay at 991.92 points on August 27, with 189.5 million shares valued at more than 4.47 trillion VND (192 million USD) traded.

Vietnamese shares are forecast to extend their growth in the final week of August by a marginal rate while volatility is widely expected by analysts as buyers are believed to be cautious due to the lack of news that could bolster optimism in the market.