Vietnamplus

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 recovered on March 6 as blue chips performed well on bottom-fishing following the previous sharp falls.

Vietnam’s shares slid on March 5 as large-cap stocks performed poorly when investors sold in pursuit of short-term profits.

Although the VN-Index didn’t hit the short-term target of 1,130 points last week as expected, it has nevertheless maintained its upward trend and is forecast to open next week’s session with positive status.

Shares recovered solidly after falling sharply in the morning session on March 2 as cash poured into the real estate sector.

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 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 fell on February 22 as increased selling pressure during the ATC session dragged oil-gas and bank stocks down.

Vietnamese shares soared on February 21, the first trading day of the lunar year, thanks to positive sentiment among investors.

Vietnam’s stock market is expected to rise further after the Tet (Lunar New Year) holiday and even throughout 2018, boosted by positive macro economic development as well as support of foreign traders

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.

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 recouped part of the week’s losses on February 9 as the current massive sell-off across the stock market triggered investors to scoop up stocks at bargain prices.

Vietnamese shares declined on February 8 as investors showed little confidence amid the current volatility of the global markets and the sharp fall in crude prices.

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 underwent another strong decline on February 6 as investor sentiment remained negative following the selloff that had spread across global markets.