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.
Vietnamese shares ended in the red on October 15 as widespread selling pressure hit many large-cap stocks on the day.
Vietnamese shares have been in the red as most large-cap stocks lost steam, caused by the sell-off on the world’s stock market.
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.
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.
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.
Vietnamese shares advanced on August 22 despite investors’ profit-taking as overall market sentiment remained positive about the possibility of resolving China-US trade tensions.
Shares on the Ho Chi Minh Stock Exchange (HoSE) slightly increased on August 20 thanks to the strong surge of heavyweight stocks.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HOSE) dropped 16.9 points to settle at 961.37 points on August 15, with over 188.9 million shares changed hands at a value of over 4.45 trillion VND (191.3 million USD).
Vietnamese shares fell on August 9 as strong selling pressure weighed down large-cap stocks and listed firms suffered from negative news of the macro-economy.
Although the direction of foreign capital inflow is becoming increasingly unpredictable due to many external factors, experts said that Vietnam is still an attractive destination for foreign investors.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HOSE) rose 0.63 point to 960.23 points on August 6.
Vietnam’s benchmark VN-Index fell after a four-day rally, dragged down by financial-banking, retail and agricultural stocks.
The benchmark VN-Index fell 13.63 points from the previous trading day to 947.15 points on July 2 when only 62 stocks saw price hikes and 237 others fell.
The VN-Index of the southern bourse gained nearly 14 points to surpass 980 points on June 22, a recovery after the benchmark index suffered from several tumbles in previous trading sessions.
Shares declined as the downward trend on the previous day continued, forcing the benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) to lose 25.18 points to close at 962.16 points on June 19.
After losing up to 15 points on June 14, the VN-Index of the Ho Chi Minh Stock Exchange (HoSE) struggled to regain lost ground, ending up just nearly 1 point from the previous day.
