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.
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.
Vietnamese stocks are expected to rise further with the benchmark VN-Index forecast to surpass its all-time peak of 1,170 in 2007 on rising investor confidence in the market outlook, analysts said.
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.
Vietnamese shares posted a strong comeback on February 12 after a two-day collapse, due to strong investor interest in large-cap stocks that led the market upturn on expectations of good earnings reports.
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.
Vietnamese shares plummeted as investor confidence was dampened by worries over the increasing pace of the US central bank’s interest rate hike this year.
Selling pressure is predicted to extend to this week’s trading, which may have negative impacts on the stock market, in the context of declining trade by foreign investors and unexpected movements in the US market.
Vietnamese shares declined on January 1 as the market reversed quickly at the end of the trading session and especially during the ATC session, dragged down by blue chips in the banking and energy sectors.
Vietnamese stocks are expected to rise further on expectations of positive corporate earnings reports from the financial-banking sector and a strong inflow of foreign investment, analysts said.
The Government needs to enlarge the scale of the market and lure more State-owned enterprises to list shares through speeding up their equitisation, according to Luu Trung Thai, Vice Chairman of Military Bank.
Vietnamese shares are forecast to move marginally this week as investors could realise their earnings after having priced in the growth prospects of both the market and local stocks.
Vietnamese shares bounced back on January 18 after the previous day’s sharp fall sent stocks down to attractive prices, thus triggering investors to bottom-fish.
Vietnamese shares ended the first trading session of the week (January 8) on a positive note as financial-banking, energy and rubber sectors led the market upturn on expectations for good earnings reports.
Vietnamese shares are expected to move marginally in the last two trading weeks of 2017 as investors take a rest, however the selling of brewer Sabeco shares should give a short boost to the market.
Vietnamese shares ended on December 15 on different notes, with investors’ confidence mixed on the last day in which exchange-traded funds (ETFs) completed their portfolio reviews.